Sign up to save your podcasts
Or
Share 4 Ways to Offset Higher Gas Prices; Bear Market Strategy; Make Your Money Count FREE Copy
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
4 Ways to Offset Higher Gas Prices; Bear Market Strategy; Make Your Money Count FREE Copy
Gas Prices may have grabbed your attention, see my list below for 4 ways you can offest higher gas prices this summer.
More importantly, however, I wanted to encourage you to book a quick Zoom Meeting with me to review your portfolio as well as your account features. I posted this article today: Bear Market Portfolio Review Time
Book Your Bear Market Portfolio Review - Click HereGas PricesGas prices don't look like they will be coming down anytime soon—at least not as far as many of us would like.With the summer season fast approaching, I thought it might be helpful to send over some information on why prices are rising, what you can expect to pay this summer, and a few tips for keeping costs as low as possible.
Why gas prices are risingHigher gas prices can be traced back to the COVID-19 pandemic, but prices have been pushed even higher recently by the Russo-Ukrainian war, said Patrick De Haan, GasBuddy's head of petroleum analysis, to CBS.
In addition, the post-pandemic demand for gas, cuts to oil production, and U.S. sanctions on Russia (and their impact on the global market) are holding gasoline prices high above normal.
Gas Prices and Your Summer BudgetAmericans are already trimming the grocery budget; it now appears the gas budget is next in line. According to one Wall Street estimate, a typical family may need to find an additional $2,000 in the budget this year to pay for gasoline.
This summer, the average per-gallon price could reach $5. It already has in some areas of the country, such as in California, where some drivers reported paying $5.75 per gallon in April 2022. That is to say, if you’re paying anything south of $5 per gallon, consider yourself a tad lucky, at least for this summer.
How to Offset Higher Gas PricesHere are 4 ways you can offset higher gas prices this summer:Check out apps like Waze and GasBuddy. If you’re not a Waze user, you should be. Not only does it help you get from point A to point B quickly and safely, but it can also locate the cheapest fuel nearby. One unique feature with GasBuddy? You can search for gas based on fuel type.- Look into joining a warehouse store: Places like Sam’s Club, Costco, and BJ’s offer discounts on fuel. The average discount is around $0.10 less per gallon than other gas stations. With a basic membership running around $50 per year, joining for the gas savings alone might make sense. The only hiccup? The stations are only found at warehouse locations.
- Time your fill-ups. Experts also say the best days to fill up are Mondays and Tuesdays. That’s when gas is cheapest during the week. Also, consider “stacking” your daily outings, so you don’t...
View all episodes
By Jim Munchbach
4.4
1010 ratings
Gas Prices may have grabbed your attention, see my list below for 4 ways you can offest higher gas prices this summer.
More importantly, however, I wanted to encourage you to book a quick Zoom Meeting with me to review your portfolio as well as your account features. I posted this article today: Bear Market Portfolio Review Time
Book Your Bear Market Portfolio Review - Click HereGas PricesGas prices don't look like they will be coming down anytime soon—at least not as far as many of us would like.With the summer season fast approaching, I thought it might be helpful to send over some information on why prices are rising, what you can expect to pay this summer, and a few tips for keeping costs as low as possible.
Why gas prices are risingHigher gas prices can be traced back to the COVID-19 pandemic, but prices have been pushed even higher recently by the Russo-Ukrainian war, said Patrick De Haan, GasBuddy's head of petroleum analysis, to CBS.
In addition, the post-pandemic demand for gas, cuts to oil production, and U.S. sanctions on Russia (and their impact on the global market) are holding gasoline prices high above normal.
Gas Prices and Your Summer BudgetAmericans are already trimming the grocery budget; it now appears the gas budget is next in line. According to one Wall Street estimate, a typical family may need to find an additional $2,000 in the budget this year to pay for gasoline.
This summer, the average per-gallon price could reach $5. It already has in some areas of the country, such as in California, where some drivers reported paying $5.75 per gallon in April 2022. That is to say, if you’re paying anything south of $5 per gallon, consider yourself a tad lucky, at least for this summer.
How to Offset Higher Gas PricesHere are 4 ways you can offset higher gas prices this summer:Check out apps like Waze and GasBuddy. If you’re not a Waze user, you should be. Not only does it help you get from point A to point B quickly and safely, but it can also locate the cheapest fuel nearby. One unique feature with GasBuddy? You can search for gas based on fuel type.- Look into joining a warehouse store: Places like Sam’s Club, Costco, and BJ’s offer discounts on fuel. The average discount is around $0.10 less per gallon than other gas stations. With a basic membership running around $50 per year, joining for the gas savings alone might make sense. The only hiccup? The stations are only found at warehouse locations.
- Time your fill-ups. Experts also say the best days to fill up are Mondays and Tuesdays. That’s when gas is cheapest during the week. Also, consider “stacking” your daily outings, so you don’t...