6 Tips to Save Money at the Pump as Gas Prices Rise
KEY POINTS
- Gas prices are on the rise throughout the entire country.
- These tips may help you save money at the pump as gas prices continue to rise.
These tips may help you spend less at the gas pump.
You're paying high gas prices no matter where you live in the United States. Unless, of course, you drive a fully electric vehicle. If you drive a gas vehicle frequently, you may be feeling added financial stress when you fill up your tank. You may be able to save some money by changing your habits. Keep reading for six helpful tips that could save you money at the gas pump.
1. Use a price comparison tool to check gas prices
If you have several gas stations in your local area, it may be cheaper at one station when you compare the prices to other nearby stations. You can use price comparison tools like GasBuddy to find the cheapest gas near you. While the savings may feel minimal, going to the cheapest gas station could result in significant savings in the long run.
2. Join gas loyalty programs
If you're loyal to a particular gas station chain, make sure you join their loyalty program. Most of these free programs allow drivers to save at least a few cents off the cost of gas just by being a member. Some programs will offer more significant savings if you spend more money and buy gas regularly. This is a simple way to pay a bit less at the pump.
3. Group errands together
It can be beneficial to plan out your outings when gas prices are higher. Of course, if possible, keep extra driving to a minimum to use less gas. If you have to drive, grouping nearby errands could help you minimize your car and gas usage. Plus, it can be more efficient and save you time in your busy schedule.
4. Check your tire pressure
Your tire pressure matters. If you have under-inflated tires, you're likely wasting money on gas. According to the Department of Energy, under-inflated tires can lower gas mileage by about 0.2% for every one psi drop in the average pressure of all tires. Monitor your tire pressure and fill up on air when necessary to avoid wasting gas (and money). Some gas stations offer free air.
5. Slow down and drive with care
How you drive can impact your safety and that of those around you. It can also impact your fuel efficiency. Aggressive driving, speeding, and rapid accelerating can reduce fuel efficiency. Consider slowing down and driving with extra care to reduce wasted gas and be a safer driver.
6. Use a gas rewards credit card
If you're not yet using a gas rewards credit card to pay for your gasoline, you may want to start soon. These cards reward cardholders who use their card when filling up at the pump. While you won't save money right away, you can earn cash back by using your card. Over time, your earnings could add up. Check out our best gas credit cards list to see our top picks.
Gas prices continue to rise, but that doesn't mean you can't take steps to pay less at the pump. You can make changes to save money, waste less gas, and earn rewards on your spending.
Gas isn't the only expense that has increased over the last few months. Many people are looking for ways to trim costs as much as possible. If you're looking for additional ways to save money, you're not alone. Take a look at our personal finance resources for more ideas.
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