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Gas prices are likely to continue climbing through 2022: Here's how to save at the pump Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our goal is to help you make better financial choices by offering you interactive tools and financial calculators that provide objective and original content. We also allow users to conduct research and compare data for free - so that you can make informed financial decisions. Bankrate has partnerships with issuers, including but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The deals that are displayed on this site come from companies that compensate us. This compensation may impact how and when products are featured on this site, including for instance, the order in which they be listed within the categories of listing, except where prohibited by law. Our loan products, such as mortgages and home equity and other products for home loans. This compensation, however, does not influence the information we publish, or the reviews that you see on this site. We do not contain the entire universe of businesses or financial deals that may be accessible to you.



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4 min read. Published August 14 2022
Written by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers with the details of using loans to buy a car.







Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate from late 2021. They are passionate about helping readers gain the confidence to take control of their finances by providing clear, well-researched information that break down complicated topics into bite-sized pieces.









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People across all across the U.S. have been dealing with record-high prices for gas at the pump this year. However, in the past month, amid declining demand, prices have started to decrease which has given motorists a sense of relief. The national average cost for one gallon of regular gasoline is down to $4.13, . As of the beginning in August, the prices had been reduced by 63 cents over one month ago. But the harm is being done in various ways, since gas prices remain far higher than a year ago. AAA discovered that many motorists have made major lifestyle changes to cope with higher gas costs, including making fewer trips to the store, taking shorter trips and cutting down on eating out. There are other ways to save money on the cost of gas. Five ways to save money at the gas pump. If you want to save money on fuel and spend less at the pump, consider making a few changes to your regular drive. 1. Drive the speed limit No matter the fuel economy of your vehicle, driving within the speed limit will help conserve fuel. The mileage of your gas will drop in the event that you exceed 50 miles per hour. In addition to driving at the posted speed it's recommended to stay clear of extreme brakes or acceleration -- which can result in fuel consumption that is low. 2. Shop around for the cheapest options Before pulling into the first gas station you pass, research the lowest-priced gas stations in the region. Download apps like GasBuddy, Gas Guru and the AAA app to find out where the lowest gas prices are near you. 3. Choose regular gas choices unless your car requires premium fuel, there's no reason to pay the additional money to buy the highest-end choice. Sticking with regular gasoline will cost you about $50 cents per gallon -which is a tiny amount that can quickly add up. 4. Join a rewards program Many supermarkets reward motorists for filling up at their stations. Some credit cards also offer points in the gas station. If a gas station that is traditional is more your style, look out for rewards programs that are specifically tailored with the companies you prefer such as the one 7-Eleven offers. 5. Map out routes ahead of time To reduce the cost of gas and time in your car, you can use apps such as Waze to choose the most efficient route. Plan your route prior to time to ensure you aren't wasting fuel by retracing your route to other regions. 6. Keep your tires at the proper pressure. If your tires aren't properly inflated, they can affect your vehicle's fuel efficiency, which can reduce the energy efficiency. Ensuring your vehicle's tires are properly aligned will also improve gas mileage. 7. Use cruise control . Driving with cruise control will allow you to maintain a steady speed which in turn will lower the amount of gas used. 8. Reduce air conditioner use Using the air conditioner consumes gas faster due to the power needed by engines for the operation of it. Other ways to cut down on car costs While it's true that the power used to run your car can be quite expensive -- particularly in recent times it is made up of many aspects. There are many other methods to save money as a driver. Keep your vehicle up-to-date on your vehicle's maintenance is a great way to prevent any unanticipated issues. Try to get your vehicle checked by a professional a every year or two to avoid any costly problems bound to come up in the future. Reduce the time spent on long journeys. The more miles you have on your odometer means more trips to the petrol station, but it also means more potential for mechanical issues. If you are able to avoid it, it might not be the best time to plan a long road journey. It might also be a good time to carpool or rely on public transportation when it is you can. Find a lower cost insurance provider if you have been with the same insurer for more than a year or two it could be a good time shop around and see what other options are available. You should compare quotes from several insurance providers to make sure you're receiving the best price. Refinance your existing car loan You might be able to get more favorable terms and reduce the monthly cost of your payment . This is particularly relevant if you've improved your credit score. Examine your credit report to see how you can save cash by refinancing. The volatility in gas prices is due to a combination of factors Even as prices have slowed, the average cost for a gallon of gas remains $1 more costly than it was one year ago. And in many places, the cost for gasoline is well above $4. California residents are still paying over $5.50 per gallon. The high costs the country continues to face are in part due to Russia's attack on Ukraine and the resulting sanctions. These sanctions have led to significant increases in the cost for crude oil. It serves as the primary fuel to power many vehicles. As the price of crude oil increases and so do the costs at the gas station. The bottom line When it comes to vehicle ownership the costs can be high - and the fluctuating price tag attached to the gas pump can cause a great amount of discontent. Although gas prices are out the control of you, you can focus on the options that you have to make in order to cut costs. A few of the adjustments you can make are shopping around for the lowest gas prices in your area, combining your errands and excursions when you can, and keeping your vehicle properly maintained.


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Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers in navigating the ins and outs of securely borrowing money to purchase the car they want.



Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since the end of 2021. They are passionate about helping readers gain confidence to take control of their finances through providing precise, well-researched and well-studied data that is broken down otherwise complicated topics into bite-sized pieces.






Auto loans editor




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