Dealing With High Gas Prices

Dealing With High Gas Prices

If you're wondering how to deal with higher than normal gas prices, you are not alone. Here are some ways to help you save on gas and keep your wallet from emptying as quickly.

  • Use a gas rewards card. Getting cash back on gas is one of the best rewards credit cards offer. Some cards can provide you with 3% or as high as 5% cash back on gas. However, make sure the higher prices you're paying to use the card plus the annual fee save you money.
  • Use cash. If you have a keen eye, you've probably noticed that many gas stations offer lower prices for cash purchases. If you haven't seen it, keep an eye out. Once you've located which gas stations near you accept cash for a lower price, try keeping money on you when it's time to fill up.
  • Keep your car properly maintained. Ensure your tires are in proper shape, get regular oil changes, and take your vehicle in when the service light is on. It may even be a goof idea to get your car checked by a mechanic if it has been a few years. Not only will this extend your vehicle’s life, it may also help you get better gas mileage.

Researching gas prices is an effective way to avoid the expensive stations while sticking to the more affordable ones.

  • Use a gas comparison app. Using a gas app is a great way to identify the best local gas prices.
  • Find the closest and least expensive gas station. Try using Google Maps or Waze to quickly look up a gas station near you and check its price. Keep note of the cheapest stations and check them periodically for price changes.

Altering your driving habits can be beneficial when looking to cut back and save on gas. While it may not be the most favorable option, it will save you the most money.

  • Walk or bike when possible. One of the most obvious ways to save money is by walking or biking instead of driving. Not only is walking or biking good for your wallet, but it's also good for your health.
  • Embrace carpooling. If you have friends, family or fellow employees nearby, try carpooling with them if you plan on going to a shared destination. Typically, carpooling will help everyone save money on gas since it's split multiple ways.
  • Take public transportation. If you live in a city, try identifying your public transportation services. Typically, cities can offer buses, trains, and/or subways to move from one area to the next for a low cost.
  • Change your driving style. If you are in a hurry while driving, try driving more relaxedly. Constant speeding and braking will cause you to burn more gas, so slowing down and staying at a steady pace will extend the miles you get on a tank of gas. Keep your car from idling, and try shutting off the car engine whenever you plan on sitting still for an extended period of time.
  • Plan your routes. If you are looking to make a trip or planning your weekly work commute, try researching to see if there are more gas-friendly options to get to and from your destination. If multiple options exist, try each out and determine the most efficient.

Unfortunately, gas is a necessary expense for many of us. However, there are ways to lessen that expense. Learning your local gas prices, altering your driving habits and utilizing public transportation can all save you money in the long run. If you learn how to save money when gas prices are high, you can continue these methods when the prices are lower to keep the savings coming.

Information presented in the Financial Advice website is provided for educational purposes only and is not related to Ameris Bank's actual products or services. Ameris Bank makes no representations as to the accuracy, completeness or specific suitability of any information presented. Information provided should not be relied on or interpreted as accounting, financial planning, investment, legal or tax advice. Ameris Bank recommends you consult a professional for any specific guidance you are seeking.