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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 interactive financial calculators and tools, publishing original and objective content. We also allow you to conduct research and evaluate information for no cost - so that you can make sound financial decisions. Bankrate has agreements with issuers such as, 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 who pay us. This compensation could affect how and where products appear on this site, including such things as the order in which they may appear within the listing categories and other categories, unless prohibited by law. Our loan products, such as mortgages and home equity and other products for home loans. But this compensation does not influence the information we publish, or the reviews you read on this site. We do not contain the vast array of companies or financial deals that may be accessible 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 has a specialization in helping readers in navigating the ways and pitfalls of using loans to buy an automobile.







Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate from late 2021. They are committed to helping readers gain the confidence to manage their finances through providing concise, well-studied and well-researched content that dissects complex topics into manageable bites.









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People across the U.S. have been dealing with record high gas prices at the pump this year. However, over the last month, with a declining demand, prices have finally dropped a bit and give motorists a sigh of relief. The cost of one gallon of regular gasoline is now $4.13, . In the beginning of August, prices were down 63 cents over a month earlier. But the harm has been done in many ways, as gas prices remain far higher than a year ago. AAA discovered that many motorists have made significant lifestyle changes to help cope with rising gas prices, including driving less, combining errands and cutting down on eating out. Here are some other strategies to cut down on the cost of gas. 5 methods to save money at the gas pump. To reduce the cost of gas and pay less at the pump, consider making some changes to your usual driving. 1. Drive the speed limit No regardless of the 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 miles per hour. In addition to driving at the posted speed it's best to stay clear of extreme acceleration or braking that can lead to fuel consumption that is low. 2. Find the most affordable options Before pulling into the first gas station you pass and research the most affordable options in the area. You can download apps like GasBuddy, Gas Guru and the AAA app to see where the cheapest gas costs are in your vicinity. 3. Stick with regular gas options If your vehicle doesn't require premium fuel, there's no need to shell out the additional money to buy the highest-end alternative. Sticking to regular gasoline will cost you about $50 cents per gallon -which is a tiny amount which can quickly add to. 4. Join a rewards program Many supermarkets reward drivers for filling up at stations. Certain credit cards also provide points in the gas station. If a traditional gas station is your preference you should look out for rewards options specific to the brands you like such as the ones offered by 7-Eleven. 5. Map out routes in advance. To reduce the cost of gas and time in the car, you can use apps such as Waze to find the most efficient route available. Plan your route ahead of time to make sure you don't waste any gasoline backtracking to different areas. 6. Keep your tires at the proper pressure. If your tires aren't properly inflated, it can impact your vehicle's fuel efficiency, which can reduce the efficiency of your fuel. Ensuring your vehicle's tires are aligned correctly can also improve gas mileage. 7. Utilizing cruise control cruise control will allow you to maintain a constant speed, which can decrease the amount of gasoline used. 8. Cut down on the use of air conditioners as the air conditioner uses up fuel more quickly due to the power of the engine required to operate its cooling mechanism. Other methods to cut down on car costs It's true that the cost to power your vehicle can be costly -- especially now as it's made up of many elements. But there are other methods to save money while driving. Maintain your vehicle Keeping up-to-date on your vehicle's maintenance can help you avoid any unanticipated problems. It is recommended to have your vehicle examined by a professional every year or two to avoid costly issues likely to arise down the road. Make sure you reduce the length of your trips. With more miles on your odometer mean many trips to the fuel station, but it also increases the risk for mechanical problems. If you are able to avoid it, this isn't the best time for a long road trip. It might also be a good time to carpool or take advantage of public transportation when it is you can. Find a lower cost insurance provider if you've used the same insurance provider for more than an entire year or so it could be the perfect time to shop around and see what alternatives are out there. Make sure you compare multiple companies to ensure that you are receiving the best price. Refinance your vehicle loan You might be able to get more favorable terms and reduce the monthly cost of your payment . This is particularly relevant if you've improved your credit score. Check your credit score to determine if you can save more in the long run by refinancing. The volatility in gas prices is caused by a mix of factors Even as prices have declined however, the cost of a gallon of gas remains one cent more than a year ago. And in many places it is estimated that the cost of gasoline remains well above $4. California residents pay higher than $5.50 each gallon. The high prices the nation is still facing are in part due to the Russian incursion into Ukraine and subsequent sanctions. These sanctions have led to significant increases in the price of crude oil, which serves as a primary ingredient to power many automobiles. When the cost of crude oil rises, so do prices at the pump. The bottom line When it comes to vehicle ownership expenses can mount up - and the fluctuating price tag associated with the gas pump can create a huge amount of stress. Although gas prices are out the control of you, concentrate on the options which you could make that will cut costs. Some of the changes you can make include looking around for the cheapest gas prices in your area making sure you combine your errands with trips whenever possible, and maintaining your vehicle properly maintained.


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Writen by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers with the ins and outs of securely taking out loans to purchase an automobile.



The edit was done by 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 confidence to control their finances by providing clear, well-researched facts that break down otherwise complex topics into manageable bites.






Auto loans editor




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