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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 mission is to help you make smarter financial decisions by offering you interactive tools and financial calculators that provide objective and original content. This allows 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 offers that appear on this site come from companies that pay us. This compensation may impact how and when products are featured on this site, including for instance, the order in which they appear within the listing categories and other categories, unless prohibited by law for our loan products, such as mortgages and home equity and other home loan products. This compensation, however, does not influence the information we publish, or the reviews that you see on this site. We do not contain the universe of companies or financial offers that may be accessible to you.



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Michael Godek/Getty Images
4 min read Published August 14, 2022
Writen by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers to navigate the ins and outs of securely using loans to buy a car.







Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since late 2021. They are committed to helping readers gain the confidence to take control of their finances with precise, well-studied information that break down complex subjects into digestible pieces.









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The drivers all over the U.S. have been dealing with record high gas prices on the market this year. However, in the past month, despite a decrease in consumption, prices have begun to drop somewhat which has given motorists a sense of relief. The average price for a gallon of regular fuel is now $4.13, . As of the beginning in August, the prices had been down just 63 cents from a month earlier. But the harm has been done in many ways, since gas prices remain far higher than they were a year ago. AAA discovered that many motorists have made major lifestyle changes to cope with higher gas costs such as taking fewer trips, combining their errands and limiting shopping or dining out. There are other ways to save money on the cost of gas. Five methods to save cash at the pump. To reduce the cost of fuel and spend less on gas, think about making some changes to your normal drive. 1. Drive the speed limit No regardless of the efficiency of your car, keeping within the limits of speed can help save fuel. The mileage of your gas will drop if you drive over 50 mph. Alongside driving the official speed, it's a good idea to stay clear of excessive brakes or acceleration -- which can result in lower gas mileage. 2. Find the most affordable alternatives before you go to the next gas station that you come across and research the most affordable gas stations in the region. Download apps such as GasBuddy, Gas Guru and the AAA app to find out where the cheapest gas costs are in your vicinity. 3. Use regular gasoline options Unless your vehicle requires premium gasoline, there is no need to dole out more money for the top option. Sticking with regular gasoline will cost you about 50 cents per gallonan amount which can quickly add up. 4. Participate in a rewards program A lot of supermarkets reward drivers who fill up at stations. Certain credit cards will also give points when used at the pump. If a gas station that is traditional is more your style, look out for rewards options specific to the brands you prefer, such as the ones offered by 7-Eleven. 5. Make a plan of your routes ahead of time To save money on gas and time in your car, you can use apps such as Waze to find an efficient path. Also plan your route prior to time to ensure you aren't wasting any gasoline backtracking to different areas. 6. Maintain proper tire pressure When your tires aren't properly inflated, it can impact your vehicle's gas mileage, reducing the efficiency of your fuel. Making sure your tires are properly aligned will help improve the gas mileage of your vehicle. 7. Utilizing cruise control cruise control will allow you to keep a steady speed, which can reduce the amount of gas used. 8. Use less air conditioning the air conditioner drains fuel more quickly due to the power needed by engines to run the cooling system. Other methods to save money on vehicle costs While it's true that the cost to power your vehicle can be costly -- especially now it is made up of many factors. But there are other methods to save money as a driver. Keep your vehicle up-to-date on your vehicle's maintenance will help you to avoid any unexpected problems. Try to get your vehicle examined by a professional few times a year to avoid any costly problems that could arise in the future. Reduce the time spent on long journeys. With more miles on your odometer means frequent trips to the petrol station. However, it also increases the risk for mechanical problems. If you can avoid it, it might not be the best time for a long road journey. It might also be a good idea to carpool or take advantage of public transportation where there is one available. Shop for cheaper insurance If you've been with the same insurer for more than an entire year or so it could be a good time to shop around and see what alternatives are out there. You should compare quotes from several companies to ensure that you are getting the best deal. Refinance your existing car loan You might be able to get better terms and lower your monthly payments by . This is especially relevant if you've improved the credit rating of your. Examine your credit report to see if you can save more in the long run by refinancing. The volatility in gas prices is due to a combination of elements. Even though prices have declined but the price for one gallon of gasoline remains $1 more expensive than the same time last year. And in many places where the price for a gallon of gas remains well above $4. California residents continue to pay over $5.50 each gallon. The high prices the nation is facing today are due in part to the Russian attack on Ukraine and the resulting sanctions. These sanctions have led to an astronomical increase in the cost of oil that serves as the primary fuel to power many automobiles. When the cost of crude oil rises and so do the prices at the gas pump. The bottom line when it comes to owning a car the costs can be high -- and the fluctuating price tag at the pump could cause a good deal of frustration. While gas prices are outside the control of you, you can focus on the choices that you have to make in order to reduce. A few of the adjustments that you can make include shopping around for the lowest gas prices in your region, combining your errands and trips when possible and keeping your vehicle properly maintained.


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Writen by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers with the ins and outs of securely borrowing money to purchase 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 control their finances through providing precise, well-researched and well-studied data that is broken down otherwise complex topics into manageable bites.






Auto loans editor




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