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I find it much easier than using a spreadsheet, and you can access it from anywhere... I don't rely much on what other people input, to paraphrase @slimchance, garbage in, garbage out.
But it helps me track miles, fill ups and mpgs based on my driving so I can detect patterns and trends...
I havent looked at the Fuelly app yet, I am currently using the Simply Auto app, so far its not bad. It's pretty easy to use and the charts and stats are great. It has taken some getting used to as I always wrote everything down in a mini notepad.