Are you tired of watching your hard-earned money go up in smoke every time you fill up your gas tank? We’ve all been there. And it’s time to save money on gasoline.

Since 2022, fuel prices in the US have increased significantly. On January 1, 2022, the average cost of gasoline was $2.95 per gallon. In 2023, states with the lowest average gas prices (Oklahoma and Missouri) sell each gallon at $3.38 – $3.40 per gallon. 

That’s a ~15% increase!

We can debate what caused this increase, but the fact remains – we really need to cut costs on gas. How do we do it? I have some ideas.

tips to save money on gasoline

Understand Gasoline Prices

Ever wondered why gasoline prices seem to fluctuate more than your mood on a Monday morning? Well, a combination of factors plays a role here. 

First, we have crude oil prices, the lifeblood of gasoline production. Global market trends, political unrest, and natural disasters can cause these prices to soar faster than a rocket. 

And just when you think you’ve figured it out, supply and demand dynamics step into the ring. Increased demand during peak travel seasons and regional variations can leave you feeling a little short-changed at the pump. 

Oh, and let’s not forget about taxes and government policies that add a sprinkle of spice to the mix.

Gasoline prices in a petrol station

To stay one step ahead of the gasoline price game, arm yourself with information. Smartphone apps like GasBuddy and websites like AAA’s Fuel Gauge Report should be your new best friends. 

They help you track prices at different gas stations, helping you find the cheapest options near you. You can even sign up for price alerts and notifications, ensuring you never miss out on a sweet deal.

 

Efficient Driving Habits

Did you know that how you drive can significantly impact your fuel consumption? Yes, it does! That’s why you should give your vehicle some love and attention. 

There are a number of things you can do to make your car more fuel-efficient, such as:

    • Avoid aggressive driving – This means not speeding, not accelerating or braking suddenly, and not idling your car. Resist the temptation to channel your inner Vin Diesel when you hit the road.
    • Keep your car well-maintained – Make sure your tires are properly inflated, your oil is changed regularly, and your air filter is clean. Underinflated tires increase rolling resistance, making your engine work harder and guzzling more gas than it should. 
    • Drive the speed limit – This may seem counterintuitive, but driving at the speed limit is actually more fuel-efficient than driving faster.
    • Combine errands – If you have to run multiple errands, try to do them all at once. This will save you from having to warm up your car multiple times.
    • Carpooling and ridesharing – Not only does carpooling reduce traffic congestion, but it also helps you save money on gasoline by splitting costs. It’s a win-win situation! And for those times when carpooling isn’t an option, consider hopping on the ride-sharing bandwagon with services like Uber and Lyft.

Pro Tip: Using cruise control on highways can improve fuel efficiency. It can help you maintain a steady speed, which can improve your gas mileage.

 

Fuel-Efficient Vehicle Choices

 

When choosing a new car, fuel efficiency should be high on your priority list. Look for vehicles with impressive fuel efficiency ratings. Good examples are the Toyota Prius and the Honda Accord Hybrid

Hybrid and electric vehicles offer long-term savings on fuel costs and reduce your carbon footprint. Plus, they come with the added benefit of making you feel like a superhero, saving the environment one mile at a time. 

And if you’re feeling particularly adventurous, why not delve into the world of alternative fuels? From biodiesel to hydrogen-powered cars, the possibilities are endless!

 

Smart Fueling Practices

Gas pump fuelling

First things first – shop around for the best prices in town. Just like you would hunt for the best deal on a new pair of shoes, scout out gas stations with competitive prices in your area.

And while you’re at it, consider joining membership programs or taking advantage of loyalty rewards.

But why stop there? Have you ever heard of ethanol-blended gasoline? This magical elixir can offer both savings and environmental benefits. 

Ethanol, a renewable energy source derived from plants, can be blended with gasoline to reduce greenhouse gas emissions. Check if your local gas station offers ethanol blends like E10 or E15, and you’ll be one step closer to fuel-saving nirvana. 

Then there are the basics of proper fueling etiquette. Avoid overfilling your tank, as it can lead to fuel wastage and potential spills. 

Resist the temptation to top off after the pump shuts off automatically. It won’t give you extra mileage, but it might spill gasoline onto your shoes (trust me, it’s not a good look!). Finally, ensure your gas cap is tightly sealed to prevent evaporation. Every drop counts!

 

Consider Car-Sharing or Vehicle Rental Services

Rent a car button on computer keyboard

Sometimes, owning a car can be expensive – from monthly payments to insurance and maintenance costs. That’s where car-sharing services come in. 

These services allow you to rent a car for short periods, paying only for the time you need. It’s a cost-effective solution, especially if you live in an urban area where owning a car might not make financial sense. 

Embrace the freedom of on-demand transportation while saving money on gas, insurance, and parking fees. Car-sharing services like Zipcar and Turo are worth checking out!

And for those times when you need a vehicle for a longer trip or a special occasion, car rental services have your back. Whether it’s a cross-country adventure or you just need a reliable set of wheels for the weekend, renting a fuel-efficient car can help you save money on gasoline. 

Plus, you won’t have to worry about wear and tear on your own vehicle. And there’s a vast range of options offered by companies like Enterprise, Hertz, or Budget.

 

Additional Tips for Saving Money on Gasoline

 

  • Drive less – This is the most obvious way to save money on gas, but it’s also the most effective. If you can walk, bike, or take public transportation instead of driving, you’ll save a lot of money.
  • Avoid driving in stop-and-go traffic – If you can, avoid driving in rush hour traffic or other situations where you’ll be stopped and going frequently. This can really hurt your gas mileage.
  • Turn off your engine when you’re stopped – If you’re going to be stopped for more than a few minutes, it’s more fuel-efficient to turn off your engine.
  • Remove excess weight from your car – Every extra pound you carry in your car decreases your gas mileage.

Over to you

Now, you’re now equipped with an arsenal of knowledge and strategies to save money on gasoline in the US. Use apps like GasBuddy to understand gasoline prices. After that, adopt fuel-efficient driving habits while practicing smart fueling techniques.

Anything we can add? Let me know in the comments section.