Memorial Day is here and many of you are probably enjoying a cold one and getting ready to begin some serious grilling with your family and friends. However, the day will come to an end and everyone will be hitting the roads to drive back home today so these easy to follow tips will at least save you a few dollars.
While Spring gas prices are already trending higher then usual, these tips will be ever more important if we experience record highs for the 2013 summer. The hunt for less expensive gas is not, and does not, need to be difficult. Like most daily activities today, there are apps out there to help.
GasBuddy.com started out as a website that let users report and view fuel prices in their area to help others find cheap gas locally. It now has an app for both iOS and Android devices.
Gregg Laskoski, an analyst for GasBuddy, said the app can help drivers save money.
“A lot of people don’t realize how much of a gap exists just in their local markets,” he said. “In Miami … there was a gap in the lowest priced station and the highest priced station at $1.05 a gallon. In mini-markets, it can be $0.50, $0.60, $0.70 cents per gallon.”
This app will not only save you money, but it turns into a fun game as well as you earn points for entering gas prices in your local market. Depending how much you drive on annual basis, will clearly determine how much you save with the assistance of an application like GasBuddy, but figure that you will save anywhere between $250 to $300 for every 15,000 miles you drive.
Aside from a helpful app like GasBuddy.com, here are 6 basic money-saving tips to help you determine where, and how, you fill up next.
1. Pay Attention to the Newest Price Reports
Whichever app or website you use to retrieve local gas prices, be sure to pay attention to the age of the information. For example., postings from 22 hours ago are probably not very reliable whereas information posted 3 hours ago is most likely on the money.
2. Pick a Card, But Not Just Any Credit Card
The credit card you use at the gas station can be the critical difference between saving you money at the local pump or costing you more then you initial thought.
Many stations will charge a surcharge unless [you] use their particular gas card. On the flip side, you can seek out and get a credit card that includes specific perks related to purchasing gasoline. For example, the Chase Freedom credit card can provide you with 5 percent rebate on gas. But to complicate matters, you better make sure that you are filling up at a gas station that does not have the up-charge when paying with your credit card since the uptick in cost will most likely wipe out your savings.
To put simply, If you are paying with a credit card, you can sometimes be slapped with an extra fee at the pump so pay attention.
3. Location, Location, Location
Gasoline stations near the highway can be a win if there is more than one major truck or travel stop or a loss if there is only one station and it is small in size. Also, in areas like NJ, Sunoco has contracts with the Turnpike Authority to provide fuel services on the Turnpike and Garden State Parkway, but under the terms of the agreement, those specific gas stations may only change their prices weekly, prior to 7 am on Fridays.
4. Keep an Eye on Those Truck Stops
Truck stops are a good indicator to see if the price of gas will go up because they sell ample amounts of gas very quickly. Hence, truck stops are constantly receiving new loads of gasoline and that means that truck stop owners are paying the most-up-to-date prices for gasoline. You can use this tip in conjunction with the previous fuel saving tidbit to determine whether or not you should fill your vehicle up in NJ before or after the weekly price change.
5. Fill Up in an Area With Many Gas Stations
This is really just common sense since competition will typically keep prices lower.
6. Fill Up Near State Lines
Filling up near state lines will save you money. States are more competitive because of any difference in taxes. For example, the combined tax in Illinois is nearly $0.61 per gallon, where Missouri is $0.36 per gallon. This holds a lot of weight if you travel the roads in the Northeast or the Mid-Atlantic since a typical road trip often involves crossing multiple state lines.
Be sure to take a moment of silence to remember the brave service men and women who died while serving in the United States Armed Forces. Have fun cooking, attending parades, swimming in the ocean, camping in the mountains or just relaxing this Memorial Day and from everyone at Windsor Nissan, please drive safe…and save some money at the gas pumps!!!