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Gas prices are likely to continue climbing through 2022: Here's how to save at the pump Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our aim is to assist you make better financial decisions by offering you interactive tools and financial calculators that provide objective and original content. This allows users to conduct research and compare data for free and help you make informed financial decisions. Bankrate has partnerships with issuers, including but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The deals that are displayed on this website are provided by companies who pay us. This compensation can affect the way and when products are featured on the site, such as for instance, the order in which they may be listed within the categories of listing, except where prohibited by law. This applies to our loans, mortgages,, and other home lending products. But this compensation does affect the information we provide, or the reviews that you read on this site. We do not include the entire universe of businesses or financial deals that may be open to you.
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4 min read Published August 14, 2022
Written by Rebecca Betterton Written by Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers with the details of taking out loans to purchase the car they want.
Edited by Rhys Subitch Edited by Auto loans editor
Rhys has been editing and writing for Bankrate since late 2021. They are dedicated to helping their readers to control their finances by providing clear, well-researched information that breaks down otherwise complex topics into manageable bites.
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People all over in the U.S. have been dealing with record-high prices for gas on the market this year. However, over the last month, despite a decrease in consumption, prices have started to decrease and give motorists a sigh of relief. The national average cost for a gallon of regular fuel is down to $4.13, . In the beginning of the month, gas prices were lower by 64 cents compared to one month ago. However, the damage has been done in a variety of ways, and gas prices remain far more expensive than they were one year ago. AAA found that many drivers have made substantial lifestyle changes to help cope with rising gas prices, including taking fewer trips, combining their errands and cutting down on eating out. Here are some other strategies to cut down on gas. Five ways to save money at the gas pump. If you want to save money on gas and pay less at the pump, you should consider making some changes to your usual driving. 1. Be aware of the speed limit. No whatever the fuel efficiency of your vehicle, driving within the speed limit can help save fuel. Your mileage will drop when you travel at speeds of more than 50 miles per hour. In addition to driving at the posted speed, it's a good idea to stay clear of extreme acceleration or braking that can lead to lower gas mileage. 2. Shop around for the cheapest alternatives before you go to the next gas station that you come across look up the cheapest alternatives in the vicinity. Download apps such as GasBuddy, Gas Guru and the AAA app to find out where the lowest gas costs are in your vicinity. 3. Stick with regular gas options unless your car requires premium gasoline, there is no reason to pay the extra cash to buy the highest-end choice. Sticking with regular gasoline will cost you about 50 cents per gallon -which is a tiny amount which can quickly add to. 4. Participate in a rewards program A lot of supermarkets offer rewards to drivers for filling up at stations. Some credit cards also offer points when used when you fill up at the pumps. If a traditional gas station is more your style you should look out for rewards options specific with the companies you like such as the one 7-Eleven offers. 5. Map out routes in advance to reduce the cost of fuel and time in the car, use apps like Waze to take an efficient path. Also , plan your route prior to time to ensure that you don't use up the fuel going back and forth to various regions. 6. Keep your tires at the proper pressure. If your tires are not properly inflated, they can affect your vehicle's gas mileage, which could reduce efficiency of your fuel. Ensuring your vehicle's tires are properly aligned can help improve the gas mileage of your vehicle. 7. Use cruise control Driving with cruise control will help you keep a steady speed, which can decrease the amount of gasoline that is used. 8. Reduce air conditioner use Using the air conditioner drains fuel more quickly due to the power needed by engines to operate it. Other ways to save money on vehicle costs It's true that the cost to power your car can be quite expensive, especially in the present it is made up of many factors. There are many other methods to save money while driving. Maintain your vehicle Keeping up to date on the is a great way to prevent any unexpected issues. Try to get your vehicle checked by a professional couple of times per year to prevent costly issues that could arise on the road. Reduce the time spent on long journeys. With more miles on your odometer mean many trips to the fuel station, but it also means more potential for mechanical issues. If you're able to steer clear of it, it isn't the best time for a long road journey. It might also be a good time to carpool or rely on public transportation if it's available. Find a lower cost insurance provider if you have had the same insurance for more than one or two years this could be a good time to shop around and see what other options are available. Make sure you compare multiple providers to ensure you are getting the best deal. Refinance your vehicle loan You might be able to get better terms and lower your monthly payment by . This is especially applicable if you have made improvements to the credit rating of your. Check your credit score to determine how you can save cash by refinancing. The volatility in gas prices is due to a combination of factors Even as prices have declined, the average cost for a gallon of gas remains $1 more costly than it was one year ago. In many areas, the cost for gasoline is well above $4, while California residents continue to pay higher than $5.50 per gallon. The high prices that the country is still facing are in part due to Russia's attack on Ukraine and resulting sanctions. The sanctions have resulted in an astronomical increase in the price for crude oil. It acts as the main ingredient used to power many automobiles. When the cost of crude oil increases, so do costs at the gas station. The bottom line when it comes to owning a car expenses can mount up - and the fluctuating cost at the pump can create a huge amount of discontent. Although gas prices are out the control of you, concentrate on the choices which you could make that will cut costs. The changes that you can make include searching for the lowest prices for gas in your area making sure you combine your errands with trips when possible and keeping your car in good condition.
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Authored by Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers to navigate the ins and outs of securely borrowing money to purchase the car they want.
Editor: Rhys Subitch Edited by Auto loans editor
Rhys has been writing and editing for Bankrate since late 2021. They are passionate about helping readers gain confidence to take control of their finances by providing precise, well-researched and well-studied data that is broken down complicated subjects into digestible pieces.
Auto loans editor
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