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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 goal is to help you make better financial decisions by providing you with financial calculators and interactive tools as well as publishing informative and reliable content, by enabling users to conduct research and compare data for free and help you make sound financial decisions. Bankrate has partnerships with issuers, including but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The offers that appear on this site come from companies that pay us. This compensation could affect how and where products appear 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. Our mortgage, home equity and other home lending products. But this compensation does affect the information we publish, or the reviews appear on this website. We do not cover the entire universe of businesses or financial deals that may be open to you.



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

Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the details of borrowing money 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 the end of 2021. They are passionate about helping readers feel confident to manage their finances with precise, well-studied information that break down complex subjects into digestible pieces.









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Drivers 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 consumption, prices have started to decrease which has given motorists a sense of relief. The average price for a gallon of regular fuel has dropped to $4.13, . In the beginning of the month, gas prices were down just 63 cents from a month earlier. But the harm has been done in many ways, since prices for gasoline are higher than a year ago. AAA discovered that many motorists have made major lifestyle adjustments to deal with rising gas prices, including 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. 5 ways to save money at the gas pump To save fuel and save money at the pump, you should consider making some 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 you save money on fuel. Your gas mileage will decrease in the event that you exceed 50 miles per hour. Along with driving the posted speed it's recommended to stay clear of extreme brakes or acceleration -- which will also lead to lower gas mileage. 2. Shop around for the cheapest options before you visit the first gas station you see, research the lowest-priced alternatives in the vicinity. You can download apps like GasBuddy, Gas Guru and the AAA app to find out where the cheapest gas prices are near you. 3. Use regular gasoline options Unless your vehicle requires premium fuel, there's no need to dole out the additional money for the top choice. Sticking to regular gasoline will save you around fifty cents each gallon -which is a tiny amount which can quickly add up. 4. Participate in a rewards program A lot of grocery stores offer that reward drivers for filling up at stations. Some credit cards also offer points when you fill up at the pumps. If a gas station that is traditional is your preference you should look out for rewards that are specific with the companies you prefer such as the one offered by 7-Eleven. 5. Make a plan of your routes ahead of time To save money on gas and time in the car, you can use apps such as Waze to choose an efficient path available. Also , plan your route in advance to make sure you don't waste any gasoline backtracking to different regions. 6. Make sure you have the correct tire pressure. If your tires are under-inflated they could affect your car's fuel efficiency, which can reduce the efficiency of your fuel. Insuring that your tires are aligned correctly can increase gas mileage. 7. Use cruise control Driving with cruise control can help you keep a steady speed, which in turn will decrease the amount of gasoline consumed. 8. Cut down on the use of air conditioners as the air conditioner uses up gas faster due to the engine power required to operate it. Other methods to cut down on car expenses While the power used to run your vehicle can be expensive -- particularly in recent times as it's comprised of a variety of factors. There are many other ways to reduce your expenses as a driver. Maintain your vehicle Keeping up to date on the will help you to avoid any unexpected problems. Try to get your vehicle examined by a professional few times a year to prevent costly issues likely to arise on the road. Cut down on long trips More miles clocked on your odometer will mean more trips to the gas station -- but it also opens the door for mechanical problems. If you are able to avoid it, now isn't the best time for a long road journey. It could also be a good idea to carpool or rely on public transportation where you can. Shop for cheaper insurance If you've been with the same insurer for more than an entire year or so this could be a good time 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 current vehicle loan You may be able to negotiate better terms and lower the monthly cost of your payment . This is especially true if you have improved your credit score. Compare your to see how you can save money by refinancing. Gas price volatility is caused by a mix of variables. Even though prices have slowed but the price for gas is still one cent more than the same time last year. And in many places it is estimated that the cost of gasoline is still well over $4. California residents continue to pay over $5.50 per gallon. The high prices the nation is facing today are due in part to Russia's attack on Ukraine and subsequent sanctions. The sanctions have resulted in a dramatic rise in the price of crude oil, which is used as a primary ingredient to power many vehicles. As the price of crude oil increases as do prices at the gas pump. The bottom line when it comes to vehicle ownership, costs can add up -- and the fluctuating price tag at the pump can cause a great amount of stress. While gas prices are outside that of your reach, you can focus on the options that you have to make in order to reduce. The changes you can make include looking around for the cheapest prices for gas in your area making sure you combine your errands with trips whenever possible, and maintaining your vehicle in top condition.


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Authored by Auto Loans Reporter

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



Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate from late 2021. They are dedicated to helping readers gain confidence to manage their finances with concise, well-researched, and clear facts that break down otherwise complex topics into manageable bites.






Auto loans editor




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