Gas prices are soaring: Tips to save money on rising fuel costs

The Fellowship of Penny Calling Penny
May 23, 2022
Why are Gas prices High

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As inflation soars, the cost-of-living crisis is hitting Americans hard, with each day seeming to bring new record-high gasoline prices. 

Gas prices hit an all-time high with the national average price for unleaded gas going more than $4 per gallon in all 50 states, according to AAA

GasBuddy has predicted that Americans are likely to take fewer trips and go shorter distances in the summer driving season due to the higher gas prices. According to its Summer Travel trends, 70% of Americans said high gas prices have affected their summer travel plans (an increase of 24% over 2021). More than a third indicated that high inflation has made planning more difficult, and the majority (65%) are taking only one or two road trips. 

Apart from Gas, prices for food, shelter, and other forms of energy are also rising amid troubling signs for the U.S. economy. To tackle the pump prices, people will have to implement fuel-saving techniques. Here are a few easy-to-implement and significantly effective tips to shield yourself from the soaring prices. 

Reduce your time on the road: You start driving strategically in terms of sharing a ride or carpooling to and from work. Try to order your groceries and other daily essentials instead of taking out your car to buy these items. You can also look for free delivery or find share riding using RideJoy or ZimRide to cut down the cost.

Sign up loyalty scheme: There are many loyalty schemes associated with major gas station chains that can help you to reduce the prices at the pump. You earn one point for every liter bought. You can also collect points on items you buy in the shop. 

Use a cashback debit or credit card: Getting rewards on gas can be a perfect thing they could ask for any day. There are many credit cards and debit cards that let you earn cashback on everyday purchases for a year, including gas. For example, the Blue Cash Everyday® Card from American Express offers some of the best-paying cashback credit cards. You can check out the best credit cards for gas, based on your spending habits.

Empty your car: The heavier your car, the more fuel you will need to move it around. Remove unnecessary stuff from your car because it takes more fuel to accelerate a heavier car. 

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