Gas prices only continue to climb. As they do we try to provide you with as much useful information as possible. These tips have more to do with saving money than with actual miles per gallon but saving money is the goal in the end.
- Oil companies will lower fuel prices if people boycott gas stations for a day
False. This is a popular chain letter and there are a lot of Facebook groups requesting that people boycott gas stations on a certain day. The reality is that they don’t work. We would have to stop driving all together for gas prices to fall.
- Trading in your gas-guzzler for a fuel-efficient car makes economic sense.
Depends on your situation. If you still owe money on your gas guzzler it probably won’t make good economic sense to add to your debt total. The most you will probably save is a couple thousands dollars a year and that is if you go from a gas-guzzler like a Chevrolet Suburban to a Toyota Prius. You should take fuel economy into consideration when car shopping but you shouldn’t look to buy a more fuel efficient car every time gas prices rise.
- Paying cash at the pump saves you money
True. Remember that it costs the stations when you pay with a credit card. Sometimes you can get as much as 5 cents off per gallon.
- Premium grade gasoline is better than regular gasoline.
False. Premium usually costs about 30 cents per gallon more than regular gasoline. If your owner’s manual doesn’t require it than don’t use it. It will not improve your fuel economy.
