Gas prices are at an all-time high since the cost of crude oil has increased in the past few years in the United States according to various sources. The price of a gallon of crude oil has increased about $0.42 from last year when the price was $2.81 per gallon.
Nowadays, some gas stations are charging over $3 per gallon, so you may be looking for fuel-saving tips to avoid breaking the bank. Here are a few of our most helpful tips to help you save money on gas.
Commuters and frequent road-trippers are aware of how quickly the cost of fuel can get overwhelming. Being a smart consumer and a frugal shopper helpful when it comes to saving money on gas station trips. There are numerous helpful tips to help drivers save money on gas including fuel card savings, discounts for different payment methods, and helpful money-saving apps. Keep reading to discover effective ways to save on your costs at the fuel pump.
Best Credit Cards for Fuel Savings
The best gas station credit cards can provide a variety of different financial benefits depending on the type of card. Some cards will provide a direct percentage of savings between 3% and 5% at any gas station or at participating gas station chains. Other good cards for fuel savings will come with no annual fees, but they will typically require you to have good credit or better. These credit cards can lead to fuel card savings of nearly $130 each year at the gas station.
Find the Best Payment Methods
Certain gas stations will offer discounted fuel prices for customers who pay with specific payment methods. Most of these discounts are offered for customers paying with cash, but some gas stations are opting to offer savings for consumers using handsfree options such as Apple Pay. Other gas station chains will offer discounts if you pay with a brand-specific credit card or are a participant in a rewards program.
Take Advantage of Helpful Apps
Nowadays, your smartphone can be your best friend when it comes to finding savings on gas prices. There are tons of helpful apps that can help you locate the lowest gas prices in your local area while others can help you find the best time to fill up at the gas tank. Some companies have apps with rewards programs that can help you save money on gas purchases. GPS apps can also be useful for finding the most fuel-efficient routes to your destination.