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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 choices by offering you interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare data for free and help you make sound financial decisions. Bankrate has partnerships with issuers such as, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn money The products that appear on this website are provided by companies that pay us. This compensation could affect how and when products are featured on this site, including, for example, the order in which they be listed within the categories of listing in the event that they are not permitted by law. This applies to our loans, mortgages, and other products for home loans. But this compensation does have no impact on the content we publish or the reviews you read on this site. We do not include the universe of companies or financial offers that may be accessible to you.



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4 min read Read Published August 14, 2022
Writen by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers with the ways and pitfalls of using loans to buy a car.







Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate from late 2021. They are passionate about helping readers to control their finances by providing clear, well-researched information that breaks down otherwise complicated topics into bite-sized pieces.









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People throughout all across the U.S. have been dealing with record high gas prices in the last year at the pumps. However, over the last month, amid declining demand, prices have finally begun to drop somewhat which has given motorists a sense of relief. The national average cost for a gallon of regular gas is down to $4.13, . In the beginning in August, the prices had been lower by just 63 cents from one month ago. But the harm is being done in various ways, as the prices for gas are still much higher than a year ago. AAA discovered that a lot of drivers have made major lifestyle adjustments to deal with rising gas prices which include taking fewer trips, combining their errands and limiting shopping or dining out. Here are some other strategies to save money on the cost of gas. Five ways to save cash at the pump To save fuel and spend less at the pump, consider making a few changes to your normal drive. 1. Drive the speed limit No whatever the fuel efficiency of your vehicle, driving within the speed limit will help conserve fuel. Your gas mileage will decrease when you travel at speeds of more than 50 mph. In addition to driving at the posted speed it's best to stay clear of excessive acceleration or braking which will also lead to low gas mileage. 2. Shop around for the cheapest options Before pulling into the next gas station that you come across look up the cheapest options in the area. There are apps available such as GasBuddy, Gas Guru and the AAA app to find out where the lowest gas prices are near you. 3. Choose regular gas choices Unless your vehicle requires premium fuel, there's no need to shell out the additional money to purchase the most expensive choice. Regular gasoline can reduce your expenses by $50 cents per gallon -which is a tiny amount that can quickly add to. 4. Participate in a rewards program A lot of supermarkets offer rewards to motorists for filling up at their stations. Certain credit cards also provide points when used at the pump. If a gas station that is traditional is more your thing you should look out for rewards that are specific for the brand you like, such as the ones offered by 7-Eleven. 5. Map out routes in advance. To save money on gas and time in your vehicle, use apps like Waze to take the most efficient route. Also plan your route ahead of time to make sure you don't waste any gasoline backtracking to different locations. 6. Keep your tires at the proper pressure. If your tires are not properly inflated, they could affect your car's gas mileage, reducing the fuel economy. Insuring that your tires are properly aligned will help improve the gas mileage of your vehicle. 7. Utilizing cruise control cruise control will allow you to maintain a constant speed, which in turn will lower the amount of gas consumed. 8. Reduce air conditioner use Using the air conditioner consumes gas faster due to the power of the engine required to operate it. Other methods to save money on vehicle costs It's true that the cost to power your vehicle can be expensive, especially in the present as it's made up of many aspects. But there are other ways to save money while driving. Keep your vehicle maintained. Keeping it up-to-date on your vehicle's maintenance can help you avoid any unanticipated issues. It is recommended to have your vehicle checked by a professional a few times a year to avoid costly issues that could arise on the road. Reduce the time spent on long journeys. The more miles you have on your odometer means more trips to the gas station, but it also means more potential for mechanical problems. If you're able to steer clear of it, this might not be the best time to plan a long road journey. It might also be a good time to carpool or take advantage of public transportation where available. Look for insurance that is less expensive if you have used the same insurance provider for more than one or two years, now might be a good time shop around and see what alternatives are out there. Be sure to from multiple providers to ensure you are receiving the best price. Refinance your car loan You may be able to get better terms and lower your monthly payment by . This is especially true if you have improved your credit score. Compare your to see whether you could save cash by refinancing. Gas price volatility is caused by a mix of variables. Even though prices have declined but the price for one gallon of gasoline remains one cent more than the same time last year. And in many regions where the price for gasoline is well above $4. California residents are still paying over $5.50 for a gallon. The high costs the country continues to face are due in part to Russia's invasion of Ukraine and resulting sanctions. These sanctions have led to significant increases in the cost for crude oil. It is used as the primary fuel for powering many automobiles. As the price of crude oil increases, so do prices at the gas pump. The bottom line when you own a vehicle expenses can mount up - and the fluctuating cost associated with the gas pump could cause a good deal of frustration. While the cost of gas is out that of your reach, focus on the decisions you can make to save. Some of the changes you can make include shopping around 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 is a specialist in helping readers in navigating the ways and pitfalls of borrowing money to purchase the car they want.



Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since the end of 2021. They are dedicated to helping readers gain the confidence to control their finances through providing concise, well-researched, and clear data that is broken down complicated topics into bite-sized pieces.






Auto loans editor




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