Woof. Gas prices seem to go up faster than billionaires to space.
And until the day when we’re all driving electric cars, budgeting for increasing fuel prices is a good idea.
An even better idea is using these smart money tips for saving money on gas. There are ideas to use before you’ve even purchased your car and tips for saving on gas if you already own a giant gas guzzler.
Start your engines, let’s get to it! (I’ll see myself out)
This post may contain affiliate links. Please read my disclosure for more info.
How to Save Money on Gas
Gas is a major component of monthly household expense. With conscious gas usage and innovative thinking it is possible to make big savings on gas.
Gas costs have risen considerably over the years, and it is now among the key monthly expenses for most families. There are real ways to save money on gas without having to scale down the basic necessity to drive.
Related reading: 10 Best Ways to Cut Spending This Year (Without Feeling Deprived)
Here are seven helpful ideas for saving money on gas:
7 Tips for Saving Money on Gas
1. Choose a Fuel Efficient Car
This is one of the most important ways to save money on gas and it is often overlooked.
Just like most people don’t need to live in a McMansion, most people don’t need to drive a McTruck – contractors and people hauling things excepted.
When driving to work and other places is a necessity, it can become a big burden if the vehicle is large or old, producing poor gas mileage. It can be very expensive to maintain and use such a car in times when gas costs are already so high. A smaller, fuel efficient vehicle will pay for itself with its low running costs.
2. Saving Money on Gas By Driving Efficiently
An equally important factor in gas consumption is how skillfully and cautiously the car is driven.
When a consistent speed is maintained between 40 and 50 mph, most vehicles produce their best mileage because of minimum use of clutch and brakes and changing gears.
Rapid acceleration, and frequent and sudden stops and starts also lead to wasting fuel.
Related reading: How to Spend Less Money in a Tough Economy
3. Maintain the Car
Regular servicing, oiling and tuning of the engine ensure that the car continues to produce its best fuel efficiency.
Radial tires produce less friction and save on fuel. Proper alignment and maintaining the proper air pressure in the tires also helps to achieve top fuel efficiency.
Related reading: 5 Important Money Habits You need to Have Good Finances
4. Avoid Compulsive Driving to Save Money On Gas
Do not engage in rough driving as if the car belongs not to you but to someone else. Avoid compulsive and needless driving because it not only wastes the fuel, but also wears out the car’s life and reduces its efficiency.
When driving on the freeways, it is useful to keep the windows closed so that the wind force does not put extra pressure on the engine.
Related reading: Struggling Financially? 15 Tips From People Who Are Never Broke
5. Saving Money On Gas By Using Carpools
A major saving on the monthly fuel costs is possible if a carpool to work and back can be organized.
It may take a little extra time and cause some inconvenience compared to the freedom of solo driving, but the savings it can deliver may make it worth the effort.
If public transport is an option, it may be even cheaper than a carpool. Explore these options seriously, and chances of success are high because other people may also be looking for similar carpools in the wake of high fuel costs.
Related reading: Epic Tips You Need to Get Your Mortgage Paid Off Faster
6. How to Save Money on Gas For Your Car: Combine Errands
Another practical way to save money on gas is to consolidate the errands that fall within the same area or route.
All it requires is some advance planning, and it can result in a substantial saving of fuel costs as well as time that would otherwise have been wasted in repeated driving to the same area.
Related reading: 15 Best Budgeting Books You NEED to Read Now
7. Save On Gas Prices by Shopping Judiciously for Gas
Fuel prices can fluctuate quite frequently, therefore it makes sense to keep a track of the fuel price updates. In many towns and cities regular fuel updates are provided by local radio stations. The Internet is also a good source for checking local fuel updates that provide information on the cheapest fuel at nearby gas stations.
Gas prices can differ considerably from one gas station to another at times due to high competition. It can be a good idea to look for the cheapest priced fuel within a few miles from home or workplace. This may appear to be a small money saver, but if there is major fuel consumption every month, it can add up to a substantial saving at the end of the year.
Related reading: How to Improve Financial Literacy in 7 Simple Steps
Save Money on Gas: Apps To Use
These are some of the most popular apps for saving money on gas by finding the lowest gas price near you:
- Gas Guru