Gas is making a bigger dent than ever in our wallets, but is driving around trying to find the cheapest gas a good way to save money? The experts say: probably not!
Right now, the average cost of gas is nearly $4 a gallon – that’s almost 40 cents more per gallon than just a month ago. And prices are continuing to climb.
And experts say that sky-high prices are causing drivers to obsessively hunt for the cheapest gas around. In fact, a new survey asked hundreds of drivers how far they’d go to save a few pennies, and here are their findings:
Nearly 70-percent of people would make a left-hand turn across a busy street to save five cents per gallon.
And 1 out of 3 people would drive 10 minutes out of their way to save 10 cents a gallon. But of course if you drive too far out of your way, the savings won’t matter – because you’ll be burning time, money, and gas getting there!
For example, if you drive 10 miles out of your way to fill up your tank and save 10 cents per gallon – you’re actually LOSING money!
So, what’s the best way to save money on gas? Jason Toews is the co-founder of GasBuddy.com.
And he suggests working the cheapest gas station into your daily commute. And think beyond the usual suspects, because a lot of supermarkets and discount superstores like Costco offer discounts with your loyalty card, like 40 cents off a gallon.
And don’t worry about getting gas from an off-brand station you’ve never heard of. Buying off-brand gasoline won’t hurt your engine or affect the performance of your car in the short term.
To find the cheapest gas in your area, check out GasBuddy.com. You can also use their fuel calculator to see if that extra drive for cheaper gas saves money or not.