chicks514
Mar 29 2006, 09:22pm
Has anyone done the math on how their truck performs as far as which is the cost effective choice, E85 or 87? I've done the math and depending on the price differential and the cost of the fuel itself I end up ahead or behind. I have it in an excel file, but I don't know how to upload it to rps so that I may share it with others. I might upload it to my personal website but I don't know....anyway, this is what I did:
1. Record your mpg while using 87 (19.6)
2. Record your mpg while using E85 (17.9)
3. Given a random fill up amount, let's say 15 gallons, compute the distance you would travel for both fuels
distance w/E85 = 17.9mpg*15g = 268.5 miles
distance w/87 = 19.6mpg*15g = 284 miles
4. Compute the loss in miles by using E85 instead of 87.
Distance difference = 284 - 268.5 = 25.5 miles
5. Record the cost difference per gallon between E85 and 87. In Hilliard, Ohio, the cost of 87 and E85 WAS 1.99 and 1.79, respectivly. That is a 20 cent/gallon difference.
6. Now, by filling up with 15 gallons, and at a savings of 20 cents/gallons, you are saving 3 dollars (.20*15).
7. Now, in step 4 I found that I'll go 25.5 miles LESS because I filled up with E85. Now I want to know how much MORE E85 it'll take to go that lost mileage. So I take the number of miles lost, 25.5 miles, and divide that by my mpg with E85, 17.9mpg.
25.5/17.9 = 1.42 gallons
8. Now, to buy those extra gallons (1.42gallons of them) of E85 at a cost of 1.79dollars/gallon, that comes out to 2.55dollars = 1.79dollars/gallon * 1.42gallons
9. Now, since I saved 3 dollars by filling up with E85 instead of 87, and it'll cost me 2.55 to make up the loss incurred by the poor fuel economy. So, I saved 3, but had to spend 2.55 more to go the extra distance. This means by filling up with E85 at a cost differential of 20 cents per gallon for a 15 gallon fill up, I save 45 cents.
I know this seems silly...all this math to show you I saved 45 cents, but I'm an engineer and I thought it would be interesting to do a cost breakdown of the trade off between the loss in fuel economy by using E85 and the savings at each fill up.
Now, mind you, I put this crap into excel and now my savings by filling up with E85 are hosed because now 87 is around 2.49 and E85 is 2.29 (I think). But the cost of fuel is different all over the country so maybe this will help someone else out.
C
1. Record your mpg while using 87 (19.6)
2. Record your mpg while using E85 (17.9)
3. Given a random fill up amount, let's say 15 gallons, compute the distance you would travel for both fuels
distance w/E85 = 17.9mpg*15g = 268.5 miles
distance w/87 = 19.6mpg*15g = 284 miles
4. Compute the loss in miles by using E85 instead of 87.
Distance difference = 284 - 268.5 = 25.5 miles
5. Record the cost difference per gallon between E85 and 87. In Hilliard, Ohio, the cost of 87 and E85 WAS 1.99 and 1.79, respectivly. That is a 20 cent/gallon difference.
6. Now, by filling up with 15 gallons, and at a savings of 20 cents/gallons, you are saving 3 dollars (.20*15).
7. Now, in step 4 I found that I'll go 25.5 miles LESS because I filled up with E85. Now I want to know how much MORE E85 it'll take to go that lost mileage. So I take the number of miles lost, 25.5 miles, and divide that by my mpg with E85, 17.9mpg.
25.5/17.9 = 1.42 gallons
8. Now, to buy those extra gallons (1.42gallons of them) of E85 at a cost of 1.79dollars/gallon, that comes out to 2.55dollars = 1.79dollars/gallon * 1.42gallons
9. Now, since I saved 3 dollars by filling up with E85 instead of 87, and it'll cost me 2.55 to make up the loss incurred by the poor fuel economy. So, I saved 3, but had to spend 2.55 more to go the extra distance. This means by filling up with E85 at a cost differential of 20 cents per gallon for a 15 gallon fill up, I save 45 cents.
I know this seems silly...all this math to show you I saved 45 cents, but I'm an engineer and I thought it would be interesting to do a cost breakdown of the trade off between the loss in fuel economy by using E85 and the savings at each fill up.
Now, mind you, I put this crap into excel and now my savings by filling up with E85 are hosed because now 87 is around 2.49 and E85 is 2.29 (I think). But the cost of fuel is different all over the country so maybe this will help someone else out.
C