FuelFacts

1992 Volvo 240 Wagon MPG & Specs — Real-World vs EPA, All Trims

Every trim takes regular — no premium needed.

20–22
MPG combined (18–19 city / 23–26 hwy)
$2,591–$2,850
est. fuel / year (today's prices, 15k mi)
Regular
gas type

Is the 1992 Volvo 240 Wagon good on gas?

At up to 22 MPG combined, the 1992 Volvo 240 Wagon is better than average for a Midsize-Large Station Wagons — that class averages about 19.8 MPG across 656 EPA-tested versions, so it's a good pick on fuel for its size.

Real-world MPG vs the EPA number

The EPA figures above come from a standardized dynamometer test, not the open road — real-world MPG typically runs a bit lower depending on your driving, climate and terrain. That's true of every car on this site, old or new.

This 1992 model was originally EPA-tested under the pre-2008 2-cycle method, which didn't account for highway speeds over 60 mph, air-conditioner use, or cold starts. When EPA overhauled the test for model year 2008, city ratings fell by about 12% and highway by about 8% on average industry-wide — and EPA retroactively adjusted every 1984-2007 rating to the stricter standard so old and new cars could be compared fairly. The MPG above is already on that modern scale — the window sticker on this car when it was new likely showed a higher, pre-2008-method number.

At today's AAA national average price — $3.80/gal for regular gas as of 2026-07-05 — the most efficient trim runs about $2,591/year (roughly $216/month, about $17.27 per 100 miles) at the EPA's assumed 15,000 miles/year, using an estimated 682 gallons a year. We don't estimate a cost-per-fill since exact tank size isn't in the public EPA dataset, but the per-100-mile figure scales to any tank. Current national average gas prices →

1992 Volvo 240 Wagon trims & fuel economy

Trim (engine / transmission)FuelMPGFuel/yr (today's price)
2.3L 4-cyl, 5-spd manual, RWDREGULAR22$2,591
2.3L 4-cyl, Automatic 4-spd, RWDREGULAR20$2,850

1992 Volvo 240 Wagon specs

What the EPA test-car listings record for this model year — every combination sold is a row in the trims table above.

Engine options2.3L 4-cyl
Transmission5-spd manual · Automatic 4-spd
Drive typeRWD
EPA body classMidsize-Large Station Wagons
FuelRegular

Other years of the Volvo 240 Wagon

1993 Volvo 240 Wagon1991 Volvo 240 Wagon1990 Volvo 240 Wagon

Similar cars (Midsize-Large Station Wagons)

1992 Peugeot 405 Sports Wagon1992 Volvo 740 Wagon1992 Oldsmobile Custom Cruiser1992 Peugeot 505 Station Wagon1992 J.K. Motors 300TE MERC BENZ1992 Wallace Environmental Wetl 300 TE

Cars that take premium · Cheapest cars to fuel · Where fuel grade depends on the trim · Fuel guides

2 trim(s) · EPA FuelEconomy.gov data retrieved 2026-07-24 · fuel prices AAA national average as of 2026-07-05.