High demand, limits to crude oil supply and distribution problems caused gas prices to soar sky-high in the past year. So it definitely helps to know how to save money on gas.
After retail gas hit a high of $5.03 per gallon in June, the average gas price for all grades dropped to $4.67 per gallon in July (opens in new tab). Still, that’s 45% higher than just a year ago.
Although retail gas rates are also forecasted to continue decreasing through 2022 and are projected to average $3.57 in 2023, filing up could still be a real budget buster until the cost per gallon returns to a relatively normal level.
The good news is that these savings tips and hacks below could help you save money at the pump.
Sign up for gas rewards program at your grocery store
Multiple grocery stores have shopping rewards programs that provide gas discounts. For example, GIANT has the GIANT Choice Rewards (opens in new tab) program that gives members one point for each dollar spent at the grocery store.
Every 100 points you earn qualifies you for a $0.10 per gallon discount when you fill up at GIANT stores and other Shell gas stations.
If you have a large family or spend over $100 each week at the supermarket, those points racked up could provide significant savings at the pump.
Safeway (opens in new tab), Kroger (opens in new tab), Harris Teeter (opens in new tab) and Stop & Shop (opens in new tab) are other grocery stores that offer fuel discount programs.
Find stations that offer “pay with cash” discounts
In some states, gas stations can offer discounts if you pay in cash. This discount is because gas stations get around the merchant transaction fee if you use cash instead of debit or credit.
Availability of cash discounts will vary, but they may be marketed in states like Connecticut, New York and Massachusetts on the East Coast.