Search

Save money at the pump: 4 ways to tackle soaring gas prices

Gas prices have increased by 40%, reaching a seven-year high. To save money on fuel, you can use gas apps to find cheaper gas stations or enroll in rewards programs for discounts. Here are some ways to save a few extra buck at the gas station.
Save money at the pump: 4 ways to tackle soaring gas prices
In this article

Feeling the bump at the gas pump? The bad news is it’s not going to get any better soon. We have seen gas prices skyrocketing nationwide of late.

Today, the national average price of gas is $3.14 per gallon and that is a 40% spike in prices from January—the highest average in seven years.

With summer in full swing, we can all agree that the jump in gas prices is bad news. With Covid-19 restrictions being lifted, many have likely had their hearts set on summer road trips—and an extra 30 cents at the pump per gallon can put some serious strain on our wallets.

As the US reopens for business from the impact of the pandemic, commutes, vacation flights and road trips are all pushing fuel demand up. So, it’s fair to say that gas prices are only going to get higher, so if you’re worried about how you’ll manage higher gas prices? Here are some tips to save money while fueling up:

Make use of gas apps

Gas apps will help you find cheap gas near you. There are a handful of apps that show nearby gas stations and real-time prices of their gas.

GasBuddy is one such app that lets users update nearby gas prices. You can also search by current location, ZIP code and city. GasBuddy gives away free rewards cards for users that provide discounts on gas. Every time you swipe the rewards card, you’ll save up to 25 cents per gallon at the pump.

Also Know about : Want to save money? Try these old-fashioned saving tips

Greater rewards await

Why don’t you try and enroll in gas rewards programs? If you’re one of those with a favorite gas station chain you can benefit from enrolling in a rewards program. These programs reward returning customers by providing discounts every time they fill up. Here’s how the rewards plan works, you will earn two points for every $1 spent in convenience stores and carwashes. Every 100 points redeemed will give you a discount of $1 on your purchase. So, if you earn 5,000 points you can redeem a total of $50.

People Also Read – How to Save Money While Paying Mortgage

Grocery store rewards also await

With every trip to the grocery store, ensure to use the store rewards programs to your advantage. Most store chains have programs that provide gas rewards— like one fuel point for every $1 spent in the store. And purchasing gas at the same store provides the best redemption value of up to 1,000 fuel points for $1 off per gallon. At Shell stations, every 100 points can be redeemed for 10 cents off per gallon. Honestly, there’s no limit to how many fuel points you can earn every month so ensure to use them to maximize your discount.

also know about: 7 tips to save gas this year

Cashback with credit cards

Buy gas with a cashback credit card. Some cards have spending categories with high-percentage cashback amounts. Responsible credit card usage can reap high rewards at the gas pump, but just be sure to pay off your balance in full to avoid extra costs to cover the interest.

Was this helpful?

Did you like the post or would you like to give some feedback? Let us know your opinion by clicking one of the buttons below!

👍👎

Author

Picture of Shirlene Grace Isaac

Shirlene Grace Isaac

Shirlene puts words on the Internet because she loves to do so and also for the money! She is a singer, songwriter, occasional poet, artist and muser — all in the body of a 20 something. She's a taleteller of sorts often looking for opportunities to narrate stories untold.

Editor

This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

Related Posts

How to Save Money From Salary?
How To Save Money From Salary?
Learn practical ways to save money directly from your income. Discover budgeting tricks, expense-cutting tactics, and intelligent savings habits suited to your salary level, allowing you to develop a solid financial foundation.
How to Save Money at Meijer
How To Save Money At Meijer?
Learn how to save money at Meijer using professional ideas and insider tactics. To get the most out of your Meijer shopping experience, let's look at ways to save money while enjoying everything Meijer offers.
Features
Essentials

Get up to $1,000 for emergencies

Send money to anyone in the US

Ger personalized financial insights

Monitor and grow credit score

Save up to 40% on car insurance

Get up to $1,000 for loss of income

Insure up to $1 Million

Coming Soon

File federal and state taxes at low cost

Quick estimate of your tax returns

Get up to $1,000 for emergencies

Send money to anyone in the US

Save big on auto insurance - compare quotes now!

Zip Code:
Zip Code: