Personal Finance Resources: Financial Education & Literacy

10 Ways to Save Money on Gas

Written by PSECU | Aug 15, 2022 2:46:00 PM

Whether you’re traveling home from college, visiting your favorite vacation spot, or going back and forth to work or the grocery store, driving can quickly drain your wallet.

Here are some small things you can do to save your gas – and your money.

Carpool

Do you live in the same neighborhood as a coworker, or do you and your neighbor often go to the grocery store at the same time? If so, carpooling is the way to go.

Carpooling is convenient, as it can split the costs in half for both of you. By switching between your vehicle and the other person’s every trip, you and the other driver can conserve gas while reducing wear and tear on your vehicles, enabling both cars to last longer.

Do Your Research

Numerous apps track local gas prices and can show you where the best deals are in your area. Before you head out, check to see which station on your route is cheapest.

Get Gas Before Your Tank is Almost Empty

If your gas tank is almost empty, you don’t have the time to be picky about where you stop for fuel. As a result, you could end up paying far more for nearby gas. Instead of waiting, fuel up in your free time before you’re running on empty so you can choose the gas station along your route that has the best price.

Take Advantage of Discount Programs

Many gas stations and local grocery stores offer gas rewards programs that can cut your cost by several cents per gallon. Check with your local stores and favorite gas stations to track down the best deals near you.

Drive Slower and Brake Less

Jackrabbit starts and slamming on the brakes can do a number on your engine and your gas mileage. Whether you’re starting or stopping, slow and steady win the day. Driving too fast creates more wind resistance – which makes the engine work harder – while stopping too quickly pushes more fuel into the engine.

Depending on your driving habits and how well you maintain your car, slowing down when driving can improve your vehicle’s gas mileage up to 38%, according to tests performed by Edmunds.com.

Turn Off the A/C

Air conditioning can quickly become a gas guzzler if you’re not careful. If you’re driving 40 miles per hour (mph) or slower, rolling your car windows down can save you some gas. At speeds greater than 40 mph, you’re better off with the A/C going. When windows are up, the vehicle is in its most aerodynamic shape, and the engine is producing sufficient power to run both the engine and any additional equipment, like an A/C air compressor. To help keep your vehicle’s temperature comfortable and conserve gas, park in the shade whenever you can.

Keep Your Car in Good Shape

Keeping your tires filled, your engine tuned, and your oil fresh can help your car run smoother and more efficiently. Proper maintenance offers several gas-saving benefits for your vehicle, according to the U.S. Department of Energy:

  • A well-tuned engine can improve gas mileage by 4%, while fixing a severe maintenance issue can improve mileage by up to 40%.

  • Properly inflated tires can improve gas mileage by 0.6%.

  • Using the right type of motor oil based on your manufacturer’s recommendations can improve gas mileage by 1 to 2%.

Another thing to consider – don’t use your vehicle as extra storage space. Using your trunk to store your golf clubs and toolbox, for example, can weigh down your car and suppress your miles per gallon.

Fill Up Near State Lines

Because different states have different gasoline tax rates, you could save several cents per gallon by merely crossing state lines. If you’re going on a road trip, do some research to find the average gas prices of each state you’ll be passing through and plan your gas stops accordingly.

Consider Buying a Fuel-Efficient Vehicle

While you don’t need to go out of your way to buy another vehicle as soon as gas prices spike, you could consider buying a fuel-efficient model the next time you need a new car.

Manufacturers are increasingly producing more fuel-efficient models for budget- and eco-conscious consumers, so you’ll find a wide range of vehicles available. Use a price comparison site, such as the U.S. Department of Energy’s car comparison tool, to look for your next car based on your price range and its average gas mileage.

Pay for Gas with a Cash Rewards Credit Card

Save a little extra by paying for gas with a credit card that rewards you for making purchases. Our Founder’s Rewards Card gives generous cash rewards of 2%* or 1.5% on every purchase – there are no rotating categories or limits on how much you can earn, and rewards never expire.

We’re here to help you save on your everyday expenses and keep your money where it belongs – with you. If you’re ready to start earning rewards from buying gas with a cash rewards credit card, then apply for our Founder’s Rewards Card today.

 

*You can earn 1.5% cash rewards on purchases. You can earn 2% cash rewards on purchases if you maintain a PSECU checking account and qualifying monthly direct deposit(s) of at least $500. See the Visa® Founder’s Card and Visa® Alumni Rewards Card Rewards Program Terms and Conditions for full details.