Yeah, Nick was way off but I come up with less than what you got. An error in my calculations?
Using Nick's 1.08 gallons for a 4 hour run at 1.6KW
That is, .27 gallons per hour at $2.25 would be 60.75 cents for 1.6KW.
That would be 38 cents for a KW hour.
$899 depreciated over 4000 hours = 22.5 cents.
Total = 60.5 cents per hour + oil changes. (and everything works according to specification).
Hmm, looks like a little problem of a slipped decimal point using that number.