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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 providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct your own research and compare data for free to help you make financial decisions with confidence. Bankrate has partnerships with issuers such as, but not restricted to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The deals that are displayed on this site come from companies that pay us. This compensation can affect the way and where products appear on this site, including, for example, the order in which they appear within the listing categories in the event that they are not permitted by law. This applies to our loan products, such as mortgages and home equity, and other products for home loans. This compensation, however, does have no impact on the information we publish, or the reviews that appear on this website. We do not include the universe of companies or financial offers that may be open 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 specializes in assisting readers in navigating the ins and outs of securely using loans to buy the car they want.







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

Rhys has been editing and writing for Bankrate from late 2021. They are dedicated to helping their readers feel confident to control their finances by providing clear, well-researched information that break down complex subjects into digestible pieces.









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Drivers throughout the U.S. have been dealing with record-high prices for gas at the pump this year. But over the past month, amid declining consumption, prices have begun to drop somewhat which has given motorists a sense of relief. The national average cost for one gallon of regular gasoline is now $4.13, . In the beginning of August, prices were reduced by 64 cents compared to a month earlier. But the harm has been done in a variety of ways, since the prices for gas are still much more expensive than they were one year ago. AAA discovered that a lot of drivers have made significant lifestyle changes to cope with rising gas prices such as taking fewer trips, combining their errands and limiting shopping or dining out. There are other ways to save money on the cost of gas. 5 ways to save money at the gas pump. To reduce the cost of gas and pay less at the pump, you should consider making some changes to your regular drive. 1. Drive the speed limit No whatever the fuel efficiency of your vehicle, staying within the speed limit will help conserve fuel. The mileage of your gas will drop in the event that you exceed 50 mph. Along with driving the posted speed it's best to avoid extreme acceleration or braking -- which can result in low gas mileage. 2. Shop around for the cheapest options Before pulling into 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 determine where the lowest gas prices are near you. 3. Choose regular gas choices unless your car requires premium fuel, there's no reason to pay the additional money for the top option. Sticking with regular gasoline will reduce your expenses by 50 cents per gallon -which is a tiny amount that can quickly add to. 4. Join a rewards programme Many supermarkets reward motorists for filling up at stations. Certain credit cards will also give points when used when you fill up at the pumps. If a traditional gas station is more your style then look for rewards options specific with the companies you prefer, such as the one 7-Eleven offers. 5. Plan your routes in advance to reduce the cost of gas and time in your 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 fuel by retracing your route to other locations. 6. Make sure you have the correct tire pressure. If your tires are not properly inflated, they could affect your car's fuel efficiency, which can reduce the energy efficiency. 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 keep a steady speed, which can reduce the amount of gas consumed. 8. Cut down on the use of air conditioners as the air conditioner consumes fuel more quickly due to the power needed by engines to operate its cooling mechanism. Other ways to save money on vehicle expenses While the power used to run your vehicle can be costly -- especially now -- the is comprised of a variety of elements. There are many other ways to save money while driving. Keep your vehicle up-to-date on your vehicle's maintenance is a great way to prevent any unexpected issues. Make sure to have your car checked by a professional a few times a year to avoid any costly problems likely to arise on the road. Cut down on long trips The more miles you have on your odometer means more trips to the petrol station, but it also increases the risk for mechanical problems. If you are able to avoid it, this might not be the best time for a long road journey. It might also be a good time to carpool or rely on public transportation where there is one available. Find a lower cost insurance provider if you have used the same insurance provider for more than one or two years it could be a good time to look around and find out what alternatives are out there. You should compare quotes from several companies to ensure that you are getting the best deal. Refinance your current vehicle loan You may be able to get better terms and lower your monthly payments by . This is especially true if you have improved your credit score. Compare your to see whether you could save in the long run by refinancing. Gas price volatility is due to a combination of variables. Even though prices have declined but the price for one gallon of gasoline remains $1 more costly than it was a year ago. In many areas, the cost for gasoline remains well above $4. California residents pay over $5.50 each gallon. The high prices that the country is facing today are due in part to the Russian incursion into Ukraine and subsequent sanctions. The sanctions have resulted in significant increases in the cost for crude oil. It serves as a primary ingredient to power a variety of vehicles. When the cost of crude oil rises and so do the prices at the pump. The bottom line When it comes to owning a car expenses can mount up -- and the fluctuating cost attached to the gas pump can create a huge amount of discontent. While the cost of gas is out the control of you, focus on the choices that you have to make in order to cut costs. Some of the changes you can make include shopping around for the lowest gas prices in your area, combining your errands and trips when possible and keeping your vehicle properly maintained.


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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.



Edited 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 the confidence to control their finances by providing concise, well-researched, and clear data that is broken down otherwise complicated subjects into digestible pieces.






Auto loans editor




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