How to Save Money on Gas
With holiday travel on the horizon, many families are looking at theirÂ budgetÂ and wondering how to save money on gas. Though gas prices are relatively low â€” the average cost for a gallon of regular gas has hovered between $2-$3 since April 20171â€”Â many people can expect to increase their gas consumption in the colder months by driving more, walking less and visiting family and friends during the holidays.
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A few small tweaks can make a world of difference when it comes to the amount you spend each year on gasoline.
Time Your Gas Purchases Correctly
Gas stations tend to raise prices between Wednesday and Saturday when demand is highest â€” avoid the long lines and the higher per-gallon by filling up your tankÂ early in the week.
Consider a Gas Credit Card
By opting for a credit card that rewards you with cash back for every fuel purchase, youâ€™re earning more rewards when you fill up your tank. With theÂ Discover itÂ® Chrome Card, for example, cardmembers earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter*, plus 1% cash back on all other purchases.
Aggressive driving â€” speeding, excessive acceleration and braking â€” is a major gas guzzler. Consider a few figures from the U.S. Department of Energy. Aggressive driving lowers your gas mileage by 33% on the highway, and 5% on smaller roads. Whatâ€™s more, gas mileage overall decreases once you hit 50 miles per hour. Additionally, for every five miles per hour you drive over 50, itâ€™s like paying an extra .16 for each gallon of gas you use.2
Get Rid of Extra Weight
If youâ€™re using your car as a storage locker, donâ€™t. Thatâ€™s because carrying around an extra 100 pounds in your vehicle reduces your fuel efficiency by 1%. The same goes for rooftop cargo, which can reduce fuel efficiency by 2-8% in the city, 6-17% on the highway and a whopping 10-25% while driving between 65 and 75 MPH.2
Check Your Tires
Deflated tires arenâ€™t just a road hazard â€” they also negatively affect your gas mileage. Inflating them to the proper pressure boosts gas mileage by 3.3%.3
We are all tempted to let the car run while we wait for our kids to finish practice or while we step inside to retrieve a forgotten cell phone. But this seemingly benign behavior hits your wallet hard by guzzling a quarter to a half-gallon of fuel per hour.4https://www.fueleconomy.gov/feg/driveHabits.jsp[.ref]Â Instead of idling, turn your engine off; it takes only 10 seconds of gas to restart your car.
Earn Unlimited 1.5x Miles on Every Purchase.
TryÂ GasBuddyÂ andÂ WazeÂ next time youâ€™re about to hit the road. GasBuddy locates the lowest gas prices in your area, while Waze directs you to the most efficient routes. Just make sure you consult themÂ beforeÂ you get behind the wheel.
*You earn a full 2% Cashback Bonus on your first $1000 in combined gas and restaurant purchases each calendar quarter. Calendar quarters are defined as the three-month periods beginning January 1, April 1, July 1, and October 1. Gas and restaurant category purchases over the quarterly cap, and all other purchases, earn 1% cash back. Gas and restaurant purchases are those made at merchants classified as gas stations and full service restaurants, cafes, cafeterias and fast-food locations. Purchases coded in categories other than these, including purchases made at warehouse clubs, wholesale distributors, and discount stores, will not qualify.Â Purchases made using Near Field Communication (NFC), virtual wallets, or similar technology may not be eligible. Rewards are added to your Cashback Bonus account within 2 billing periods.