Friday, April 11, 2008

What Can We Do About Gas Prices?

With the price of oil going through the roof, what can we do about gas prices?

We may not be able to do much about gas prices, but we can definitely do something about how much gas we use. Here are some things you can do to save money on gas:

1. Keep your tires properly inflated. Check the tire pressure each time you fill up for gas. Doing so is safer and gives you better control of your vehicle, saves wear and tear on your tires so they last longer, and saves you about 3% on gas.

2. Locate a gas station with cheap prices that is on your daily commute route or near where you live and fill up there. Where I live in Phoenix, Arizona prices vary about 5% between discount gas stations and name brand stations.

3. Remove items you don’t need to have with you from your vehicle. Hauling that extra weight around will cost more gas.

4. Use synthetic motor oil. This can save you up to 5% on gas.

5. Drive more moderately--reduce rapid acceleration and braking.

6. Drive during non-rush hours when there's less traffic. You’ll save money on gas and your commute will take less time, too.

7. If your job allows it, telecommute to work one or more days a week.

8. Give your car a tune up if it's due for one. A tuned engine uses less gas.

9. Keep your air filter clean, or replace it if needed.

10. Pay for gas with a credit card that gives you cash back. Chase, Discover, and American Express all have cards that pay you cash back on your gas purchases (and you can earn up to 5% cash back depending on the card you use).

11. Buy gas at warehouse stores like Costco or Sam's Club. This will typically save you 2%-3% on gas.

12. Whenever possible, plan your driving to be efficient and run several errands at once.

13. Avoid drive-thrus and wasting gas while your car is idling. Park your car outside and walk in for transactions at the bank, fast food restaurants, etc.

14. Walk, ride a bicycle or carpool whenever you can, or take public transportation.

What can we do about gas prices? Make sure we get the most bang for our hard-earned buck!

Got another tip? Tell us about it!

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