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5 Ways to Save More at the Pump Now

April 19, 2022

Gas prices have hit record highs in recent weeks. According to the American Automotive Association (AAA), the national average for a gallon of gas during the first week of April was $4.153 a gallon, up from $2.872 a year ago.1 That can put a real dent in your budget, whether you’re working or retired. Fortunately, there are steps you can take to help reduce pain at the pump.

1. Track prices - Mobile apps from Gas Buddy, Gas Guru, and AAA can help identify the cheapest gas prices near you, whether you’re at home or traveling. Most apps are available for Android and iOS devices and track gas prices across the country.

2. Shop and save - A growing number of grocery stores and wholesale clubs offer discounts on gas through member and/or rewards programs. These include Costco, BJs, Winn Dixie, Kroger, Harris Teeter, Safeway, and more.

3. Keep up with regular maintenance - Regular oil changes, clean fuel filters, and properly inflated tires all contribute to greater vehicle fuel efficiency, which means more miles per gallon. There are other steps you can take as well to reduce gas consumption, including maintaining the speed limit when driving and running your car’s air conditioning less.

4. Consider credit card rewards - Many credit card providers offer rewards programs that can help you save on gas. Cards issued by gas companies may provide immediate savings at the pump or allow you to accumulate rewards each time you fill-up. Savings realized from credit card programs that offer travel, dining, cash-back or similar rewards can help offset higher gas prices by helping you save money in other areas.

5. Buy the right fuel - According to AAA, people needlessly pay hundreds more each year for higher-grade fuel. If your vehicle manufacturer recommends regular gasoline, AAA says there’s no need to pay more for premium. Recent testing found no increase in power or fuel economy, and no reduction in exhaust emissions when premium gasoline was used in cars designed for regular. The bottom line? Unless your cars’ manufacturer says premium gasoline is "required," regular grade will not only do the job but could save you thousands over the life of the vehicle.2



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