Gas Prices Just Reached A 10-Month High. Here Are 3 Ways to Save at the Pump

This post may contain affiliate links which may compensate us based on your interaction. Please read the disclosures for more information.

Gas prices are starting to soar. Read on for ways to spend less to fuel your car. 

Summer is commonly a popular time to travel, and you might have plans to hit the road this Labor Day weekend. But given the cost of gas right now and the potential for further hikes over the next couple of weeks, your holiday weekend road trip might prove to be a budget-buster.

On a national level, the average price for a gallon of regular gasoline reached $3.85 a gallon on Aug. 14, according to AAA. That’s the highest level since Oct. 19, 2022.

That doesn’t mean you need to cancel your plans, though. Even if money is a bit tight, there are steps you can take to save on gas — during the holiday weekend and beyond.

1. Look for cash discounts

Some fuel stations offer a discounted rate for using cash to pay for gas instead of a credit card. So it could pay to forgo the cash back you get for swiping your card. That’s not always the case, though, so you’ll need to crunch the numbers.

Let’s say your car needs 12 gallons of gas at $4 apiece, and your credit card gives you 4% back at the pump. For a $48 fill-up, you’re looking at $1.92 back in your pocket. But if you’re only looking at a $0.10 discount per gallon of gas for using cash, that’s only $1.20 in savings. So you’d actually be better off using your card.

2. Do a touch of research before you fill up

Driving around your neighborhood to look for the cheapest gas station won’t always save you money. The reason? You’re using gas to research cheap gas. In other words, your research is costing you money!

A better bet? Use apps like GasBuddy to find the least expensive gas locally. But also, use common sense. If driving five miles out of your way saves you $0.05 per gallon but costs you a quarter-gallon of gas, you’re spending $1 if gas is $4 per gallon. It would take 80 gallons of gas to break even from the cost of driving out of your way based on a savings of $0.05 per gallon.

3. Take advantage of your Walmart+ membership

Many people join Walmart+ to score benefits like free shipping on online orders with no minimum and free grocery delivery. But another benefit of Walmart+ is savings on gas.

With your membership, you’re entitled to $0.10 in savings per gallon of gas at over 14,000 locations nationwide. So even if gas prices are up where you live, you might manage to eke out some savings this way.

Seeing the cost of gas rise ahead of a holiday weekend is a tough blow. And frankly, the average cost per gallon has the potential to rise even more between now and then. But that doesn’t mean that you’re doomed to spend a fortune at the pump. If you use these strategies, you may find that you’re able to walk away with a touch of savings — enough to make it so your Labor Day road trip doesn’t drive you into debt.

Alert: highest cash back card we’ve seen now has 0% intro APR until nearly 2025

If you’re using the wrong credit or debit card, it could be costing you serious money. Our experts love this top pick, which features a 0% intro APR for 15 months, an insane cash back rate of up to 5%, and all somehow for no annual fee.

In fact, this card is so good that our experts even use it personally. Click here to read our full review for free and apply in just 2 minutes.

Read our free review

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Maurie Backman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Walmart. The Motley Fool has a disclosure policy.

 Read More