Fuel Cost Formula:
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Definition: This calculator estimates the total fuel cost based on energy quantity in BTUs and the price per BTU.
Purpose: It helps energy consumers and professionals compare fuel costs and make informed energy purchasing decisions.
The calculator uses the formula:
Where:
Explanation: The energy quantity is multiplied by the price per BTU to get the total fuel cost.
Details: Accurate fuel cost calculation helps in budgeting, comparing different fuel sources, and optimizing energy consumption.
Tips: Enter the energy quantity in BTUs and price per BTU (default $0.00001/BTU). All values must be > 0.
Q1: What is a BTU?
A: A British Thermal Unit (BTU) is a measure of heat energy (about 1055 joules).
Q2: How do I find the price per BTU?
A: Convert fuel prices from other units (e.g., $/gallon, $/therm) to $/BTU using conversion factors.
Q3: Why calculate cost per BTU?
A: It allows direct comparison between different fuel types regardless of their measurement units.
Q4: What's a typical price per BTU?
A: Natural gas is often around $0.00001/BTU, while electricity might be $0.00003/BTU (varies by location).
Q5: Can I use this for different fuel types?
A: Yes, as long as you have the energy content in BTUs and the price per BTU.