Just as the economic recovery begins to accelerate, another roadblock has jumped in the way. In this case it's America's old familiar enemy: Rising prices at the gas pumps. The national average cost for regular unleaded gasoline is already 8% higher this year alone, now at $3.529 a gallon, according to AAA.
This is the highest price point ever seen this early in the year. Seasonally prices rise heading into the Summer driving season, but never has the average price of gasoline topped $3.50 this earlier in the New Year.
Furthermore, gasoline demand has dropped 10%; meaning Americans are driving less but the amount of money we're spending on gasoline is rising.
As individuals we can't do much about price hikes but Gregg Laskoski of GasBuddy.com says there are some things we can do to minimize the damage done to our personal finances every time to fill the tank. In the attached clip Laskoski discusses 5 ways to find cheap gas prices.
1. Track Prices Via Websites and Mobile Apps
Is your local station gauging you? The only way to know is to be aware of what you should be paying. Thanks to the Internet, drivers can drill down and find the average price by zip code. Laskoski's Gasbuddy.com, Gaspricewatch.com or scores of other web sites or mobile applications make it easy to find gas stations taking the least amount of profit from consumers.Read More »from 5 Tips to Find the Cheapest Gas Prices