Federal Reserve & Interest Rates

Tips On Saving Gas

The price of gas is getter closer and closer to $4 per gallon.  Light, sweet crude oil jumped to $118.05 per barrel today, and that means gasoline costs are not going to get any cheaper for a while.  With the economic conditions the way they are, saving money is crucial.  Here are some tips on improving your gas mileage and saving on gasoline costs.highgasprices.jpg

Control your speed without so much braking.  Your gas burns up faster whenever you accelerate too much and then brake.  It is better to reduce your speed, lift your foot from the gas pedal, and only brake when you absolutely need to.  Driving slower (which most people are to much in a rush to do) will save you gas as well.

If you have cruise control, use it if there isn’t too much traffic.  The less you use your gas and brake pedal, the more efficient your gas mileage will be.  Try to use a slightly slower speed than you normally drive (again, applying the driving slower tip).

Don’t waste your gas on air conditioning. If you are in a very warm climate, that might not be an option for you, but you can cut back by turning of the air conditioner a few minutes before you get where you need to go.  Your car should already be cool enough to keep you from burning up for those last five minutes.  If you are making a short trip, and the weather isn’t too hot, just don’t turn it on.

Top off your gas tank.  Your fuel burns more quickly when the tank is not full.  Waiting until you are almost on empty can actually cost you more, and you will really feel the rise in prices that way.

Check your tire pressure.  Your fuel economy is affected by the level of your tire pressure.  Make sure they are filled to the right pressure.

Obvious ways to save on gas include driving less and carpooling.  You can combine errands that require trips (like the bank, grocery store, and post office) and save on the trip back and forth from home to each individual place.

These tips should help you cope with the spike in the price of oil.  It is good to save where you can.

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