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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 smarter financial decisions by offering you financial calculators and interactive tools that provide objective and original content. We also allow users to conduct research and compare information for free and help you make financial decisions with confidence. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make Money The offers that appear on this website are provided by companies that pay us. This compensation may impact how and where products appear on this website, for example for instance, the order in which they appear within the listing categories and other categories, unless prohibited by law. This applies to our mortgage, home equity and other home loan products. This compensation, however, does not influence the content we publish or the reviews you read on this site. We do not contain the universe of companies or financial offerings that could be open to you.



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

Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers with the details of borrowing money to purchase a car.







The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate from late 2021. They are dedicated to helping their readers feel confident to manage their finances through providing concise, well-studied and well-researched content that break down complex subjects into digestible pieces.









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The drivers all over all across the U.S. have been dealing with record-high gas prices in the last year at the pumps. However, in the past month, amid declining consumption, prices have begun to drop somewhat and give motorists a sigh of relief. The average price for one gallon of regular gasoline has dropped to $4.13, . At the start of August, prices were reduced by 64 cents compared to the same time frame. However, the damage is being done in various ways, and prices for gasoline are higher than a year ago. AAA discovered that a lot of drivers have made substantial lifestyle changes to cope with the rising cost of gas such as making fewer trips to the store, taking shorter trips and reducing shopping or dining out. There are other ways to save money on gas. 5 methods 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 a few changes to your regular drive. 1. Be aware of the speed limit. No regardless of the efficiency of your car, keeping within the speed limit can help save fuel. Your gas mileage will decrease when you travel at speeds of more than 50 miles per hour. Alongside driving the official speed it's best to avoid extreme brakes or acceleration -- that can lead to low gas mileage. 2. Shop around for the cheapest alternatives before you go to the first gas station you pass look up the cheapest gas stations in the region. Download apps like GasBuddy, Gas Guru and the AAA app to find out where the lowest gas prices are near you. 3. Use regular gasoline options Unless your vehicle requires premium fuel, there's no reason to pay the extra cash to buy the highest-end alternative. Sticking to regular gasoline will cost you about 50 cents per gallon -an amount that can quickly add up. 4. Join a rewards program Many grocery stores offer that reward motorists for filling up at their stations. Some credit cards also offer points when used at the pump. If a traditional gas station is more your thing then look for rewards programs that are specifically tailored for the brand you favor such as the ones offered by 7-Eleven. 5. Map out routes in advance. To save money on fuel and time in the vehicle, use apps like Waze to choose your most effective route available. Also plan your route in advance to ensure that you don't use up any gasoline backtracking to different areas. 6. Maintain proper tire pressure When your tires are not properly inflated, they could affect your car's gas mileage, reducing the efficiency of your fuel. Ensuring your vehicle's tires are aligned correctly can help improve the gas mileage of your vehicle. 7. Use cruise control Driving with cruise control can help you maintain a constant speed, which can lower the amount of gas that is used. 8. Cut down on the use of air conditioners as the air conditioner drains gas more quickly because of the engine power required to run it. Other methods to save money on vehicle costs While it's true that the cost to power your vehicle can be expensive, especially in the present it is composed of several elements. There are many other ways to save money while driving. Keep your vehicle maintained. Keeping it up to date on the will help you to avoid any unanticipated problems. Try to get your vehicle examined by a professional every year or two to prevent costly issues bound to come up on the road. Reduce the time spent on long journeys. The more miles you have on your odometer mean more trips to the petrol station -- but it also increases the risk for mechanical problems. If you can avoid it, now might not be the best time for a long road trip. It could also be a good idea to share a car or use public transportation when it is there is one available. Shop for cheaper insurance If you have used the same insurance provider for more than an entire year or so it could be the perfect time to explore alternatives are out there. Make sure you compare multiple providers to ensure you are receiving the best price. Refinance your existing vehicle loan You may be able to get more favorable terms and reduce the monthly cost of your payment . This is particularly relevant if you've improved the credit rating of your. Check your credit score to determine how you can save cash by refinancing. The fluctuation in gas prices is due to a variety of variables. Even though prices have declined but the price for a gallon of gas remains one cent more than a year ago. And in many places, the cost for a gallon of gas remains well above $4. California residents are still paying over $5.50 for a gallon. The high prices that the country is facing today are in part due to the Russian attack on Ukraine and the resulting sanctions. These sanctions have led to an astronomical increase in the cost of crude oil, which is used as the primary fuel for powering many automobiles. When the cost of crude oil rises and so do the costs at the gas station. The bottom line when it comes to owning a car the costs can be high - and the fluctuating price tag associated with the gas pump could cause a good amount of stress. While the cost of gas is out of your control, focus on the options you can make to reduce. The changes you can make include looking around for the cheapest gas prices in your area, combining your errands and trips when possible and keeping your vehicle properly maintained.


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Writen by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers with the ways and pitfalls of taking out loans to purchase a car.



The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since late 2021. They are passionate about helping readers gain confidence to manage their finances with concise, well-researched, and clear data that is broken down otherwise complex topics into manageable bites.






Auto loans editor




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