7 Tips For How To Save Money On Gasoline


6. Skip premium fuel.
Unless your vehicle absolutely requires premium gas, don’t spend the additional 15 to 30 cents per gallon.

Consumer Reports says motorists should not waste money on premium if their owner’s manual says the vehicle takes regular – the car won’t run better. The higher-octane fuel is designed to improve performance.

“In most cases, using a higher-octane gasoline than your owner’s manual recommends offers absolutely no benefit,” according to the Federal Trade Commission. “It won’t make your car perform better, go faster, get better mileage or run cleaner.'”

An exception would be if your engine starts to knock or ping when using a lower-grade fuel.

For more details, see “Five Facts of Using Premium vs. Regular Gas” at http://blog.truecar.com/2011/03/03/premium-vs-regular-gas .

7. Use gas cards.
Gasoline cards can cut your costs by providing rewards, incentives or cash back. There are many types: prepaid cards or certificates, credit cards issued by gasoline companies and cards issued by credit card companies.

Companies such as BP, ExxonMobil and Shell issue their own cards. They can offer the most savings to customers who are loyal to a particular brand. Shop carefully and pay close attention to the fine print, however. Station-branded cards are known for their high interest rates, which can range from 21 percent to 26.99 percent, according to card comparison site LowCards.com. Consider one only if you pay off your balance in full every month.

Another option is a cash-back credit card with an extra bonus for gasoline purchases. Some cards can save you up to 5 percent.

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Posted by on Apr 2nd, 2012 and filed under American Street Guide. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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