Step 1: Gas Consumed × Gas Price

• Gas Consumed = units of gas actually spent.
• Gas Price = how much you’re paying per gas unit, usually in gwei.
  • 1 gwei = 10^9 ETH.

So multiplying them gives you a fee in gwei.

Step 2: Divide by 10910^9

That conversion is basically:

Fee in gwei÷10^9=Fee in ETH

Because there are 10910^9 gwei in 1 ETH.

Step 3: Multiply by ETH Price

Once you have the cost in ETH, multiplying by ETH/USD price converts it into dollars.

So yes — your formula is correct, though in modern EIP-1559 terms “Gas Price” is really Base Fee + Priority Fee.

Do gas price will be same or what ?