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Compare Fuel Cards →The average fuel cost per mile ranges from $0.40 to $0.70 depending on fuel prices and truck efficiency. Most trucks average 5-8 MPG.
Key expenses include insurance, maintenance, tires, permits, tolls, food, and lodging. Total operating costs typically range from $1.50 to $2.00 per mile.
A healthy profit per mile after all expenses is typically $0.30 to $0.50. Owner-operators should aim for at least $0.25 per mile net profit.
Fuel cards offer per-gallon discounts at truck stops, typically $0.05 to $0.50 off. They also provide detailed IFTA reporting and prevent unauthorized purchases.
The International Fuel Tax Agreement (IFTA) requires interstate carriers to report fuel purchases and miles driven in each state. Fuel tax rates vary by state.