How to Save at the Pump Amid Rising Gas Prices –

How to Save at the Pump Amid Rising Gas Prices

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You may have already noticed that you are spending more to fill your car’s gas tank.

Don’t be surprised if the price keeps going up.

The national average cost of a gallon of gasoline has risen about 18 cents in the past two weeks, immediately following the reduction in oil refining capacity during the extreme cold in Texas, according to GasBuddy. Now, a big contributor will be rising demand amid lower oil production and high oil prices, which account for more than half the price of gas.

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The current national average for a regular unleaded gallon is $ 2.74. That’s $ 1 more than the $ 1.74 posted in April 2020, when the pandemic first took hold and demand plummeted, data from GasBuddy shows. The states with the lowest average prices include Mississippi ($ 2.35), Louisiana ($ 2.37) and Texas ($ 2.39), while those with the highest averages are California $ (3.67), Hawaii ($ 3.41) and Washington ($ 3.08).

The cost per gallon also tends to rise in the spring as demand increases and the seasons switch to cleaner, greener gas for the summer.

There are ways to save money on gas, beyond things like sticking to the speed limit and avoiding aggressive driving, which could translate into hundreds of dollars per year.

To get started, shop around. Depending on where you live, there can be large price variations between gas stations. And even if the difference in price per gallon may be only pennies, it still adds up.

“Too many motorists just stop at the nearest pump and end up overpaying,” said Patrick De Haan, GasBuddy’s head of oil analysis.

There can also be big price differences from state to state. For example, a gas station in Arizona costs $ 1 less than a competitor at the California state line, De Haan said. (California’s tax per gallon is 82 cents and Arizona’s is 37 cents.)

Plus, there are apps, including GasBuddy, Gas Guru, and AAA TripTik, that you can use to find the best prices along your route.

Loyalty programs, which have many major chains, are also worth looking into. They are generally free and can offer discounts of pennies per gallon, De Haan said.

However, credit cards that offer discounts for gasoline purchases may not be the best option unless you routinely pay off the card balance.

“If you’re not paying your bill, you end up giving the bank more money than the discount is worth,” De Haan said. “The cards work if you are paying, but not if you carry the balance month to month.”


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