Just over a month ago I saw gas prices hit an all time record of $4 per gallon. I never thought I would see the day where gas prices were back under $2 per gallon, but I have. Just a week ago we filled up our cars here in Kentucky for $1.65 per gallon. It has since climbed back to about $1.70 per gallon and I’m sure it will continue to slowly climb back up, eventually to $4Â per gallon. With that being said is there really anything we can do about the cost of gas?
For those of us who work 5 days per week and require some type of transportation to and from work the answer is obviously no. Even if gas climbs to $6 or $7 per gallon we will still have to pay for gas to get to work. We will have to make otehr adjustments in our budget in order to pay the inflated gas prices.
There are however many ways to save small amounts on gas that may help in times of need. For example, don’t make unnecessary trips. Combine all your daily trips into one trip and make the most of fuel, you may even save some time in your day as well. Don’t buy premium grade fuel, most car manufacturers only recommend the lowest grade anyway so why waste your money? Don’t ride the brakes and drive in a responsible manner. Finally, take advantage of a gas rewards program. Many companies offer a loyalty program, but make sure the rewards don’t outweigh the price of their gas.
Once all the calculations are done the average American consumes about 500 gallons of gas per year or about 40 gallon per month. An increase of $1 means you have to come up with $40 more per month for gas. It’s probably worth $1.35 per day to not have to walk to work or ride public transportation.