Archive for the ‘Gas Prices’ Category

Getting A Gas Card Can Save You Hundreds

With gas prices being so high, it’s important to try to get gas prices as low as possible – at least to me it is.

One of the methods to saving money on gas that I think is a no brainer is to get yourself a gas credit card ASAP.

The good ones will give you 5% cashback on all your gasoline purchases so if you’re buying gas at $3/gallon, you’ll save $.15 on every gallon – so it really only costs you $2.85/gallon. If prices are $4/gallon – you save $.20 on every gallon – you get the picture.

The trick is to make sure you get a good card and that you pay off the balance every month.

Let me say that again – make sure you pay off the balance every month!

If you don’t, well all that money you saved when filling up your tank will be out the window once you start paying interest.

So what cards are good?

Good question.

Just about every gas station on the planet offers their own brand of credit card and you’ll get cashback on every gallon of gas you get with them. The problem is that some of these guys have gotten cheap and will only give you 3% back and they’ll only give you the cashback if you fill up at one of their stations. I don’t know about you, but if I need to fill up my tank, and I see a Shell station, I’d rather fill up there than drive clear across town to fill up at the Exxon Mobil station just so I can get my 5% back – wouldn’t you?

So what’s the solution?

Simple, get the card that will give you 5% cashback at EVERY gas station you fill up at AND give you 5% cashback on maintenance costs (like oil changes.)

So does a card like that exist? Fortunately, yes. But not many, possibly only one.

I’d recommend you get the Discover Open Road Card. It gives you 5% cashback on ALL gas fillups, no matter the brand, and there’s no annual fee – plus you even get a year of 0% interest, so if in that first year you don’t pay the balance off every month (but you should anyway), it won’t matter because there’s no interest.

This is one tip to saving hundreds of dollars in gas every year that everyone should use.

Click Here To Get The Discover Open Road Card – You won’t regret it – it’s probably the easiest way to start saving money on gas.

High Gas Prices Cause Other Products And Services To Go Up In Price Too

Avoiding the effects of high gas prices are simply unavoidable unless you completely stop buying everything. But that’s just not possible unless you plan on moving into the forest and living among the animals with nothing but your wits to keep you alive.

For the rest of us, the effects of high gas prices are already starting to be noticed. For example, the rise in diesel prices causes the cost of transporting goods to go up. Since transportation costs go up, the price of the products have to go up as well.

This doesn’t apply just to shipping something via FedEx or UPS, but to pretty much everything on the road including groceries, and household goods.

Even things like flowers are going up unless you live in the area they’re grown.

And services like lawn care and house repair services will likely be going up too since it costs more for these people to drive to your house.

So it’s not just $4 gas you have to worry about, but you’re going to be feeling the effects of $4 gas just about everywhere you spend money.

$4 Gasoline – Coming Soon To A Gas Station Near You

It seems like it wasn’t that long ago and gas prices were around $2/gallon. In fact, I’m not dreaming – in February that’s what gas prices were in my area – about $2/gallon.

However, now the prices are closer to $3/gallon ($2.89 I think) and it’s only April. Gas prices always go up in the summer, and this is shaping up to be one expensive summer for gasoline.

Time to buy those Priuses and other hybrid cars now while they’re still in stock at your local dealer or you may be paying a big premium if you try to get one this summer.

Analysts are predicting that many states will have gasoline that approaches or exceeds $4/gallon in several states, including California, Hawaii, Oregon, Washington, and Nevada along with parts of New England and the northern Midwest.

Why the big increase in price?

Well, since people will pay it, why not?

But the actual problem (so we’re told) is that refinery production is falling due to production problems. Also, gasoline inventories are lower.

So what can you do to save money on gas?

First, if you drive a big gas guzzling SUV, stick it in the garage for the summer and get our your bicycle or start walking places. Also, you could get a more fuel efficient car, like a Toyota Prius or a Honda Civic Hybrid or you could simply trade in your SUV for a smaller, more fuel efficient model like a Ford Escape Hybrid or a Toyota Highlander Hybrid.

$4 gasoline will be a reality soon, so it’s best to do something about that right now instead of waiting like everyone else.

Oil keeps going up, up , up. . .

As oil prices keep rising, so will gas prices.

Oil prices peaked at $78.40/barrel today on fears that a Middle East conflict is brewing that could disrupt the oil supply in that region. The price did go down to $77.03 by the end of trading, which is a new record – beating last Thursday’s record by $.33.

The nationwide average of gasoline is $2.96 in the U.S. and is likely to continue climbing.

Time to get out that bicycle I think.

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