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You Can Save 10% on Gas

By Gary Foreman
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Date: 03/04/2005 Topic: Cars > Saving On Gas  
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Recent gas price increases have many people complaining. There are many reasons given for rising prices. And depending on your political and economic bent, you may choose to blame OPEC, the oil companies, SUV's, lack of alternative fuels, the growth in world oil demand or environmental regulations that prevent new drilling or refineries from being built.

We won't get into that. We'll leave that for the talk show pundits. But, let's look at what the average driver can do all by himself to control what he spends on gasoline. In most cases with very easy, practical steps he can reduce the amount he spends by 10% or more!

That's right. You don't need to force OPEC or the oil companies to lower their price. Nor do you need to get government to lower taxes or change energy and environmental policies. All you need to do is learn a little and make a couple of minor changes. And you'll probably spend less for gas this year than you did last year.

According to the National Highway Traffic Safety Administration about 30% of all vehicles had at least one tire that was 8 psi or more under-inflated. About 5% had all four tires seriously under-inflated. The same survey showed that only 4% of respondents checked tire pressure as part of their routine maintenance. That would seem to say that most cars had one or more tires that needed some air.

Under-inflated tires can cut fuel economy by 2% per pound. So if your tires should be at 32 psi and they're actually at 27 psi, you've reduced your mileage by 10%. In case you were wondering, you'll find the recommended level in your owner's manual or on a door jamb tag.

Checking your tires takes only a few minutes and no particular skill. A tire gauge costs less than $5. Air is available at your gas station. Most still offer it free of charge. Get in the habit of checking tires once-a-month.

So if gasoline is $2.00 per gallon, just by inflating your tires, you could reduce your 'real' price to $1.80 per gallon.

Let's see what else you can do to reduce gasoline costs. The old fashioned tune-up is a thing of the past. But that doesn't mean that you can ignore engine maintenance. Check your owner's manual to see when maintenance needs to be performed. For instance, a blocked air filter can reduce your gas mileage by 10%.

Increased friction decreases gas mileage. Using the wrong grade of oil or not changing it frequently enough increases friction. Check your manual for recommended grades and change intervals.

If your owner's manual doesn't call for premium gas, don't buy it. You will not improve your performance or gas mileage. About 10% of us buy premium gas when it is not needed.

Remove excess weight from the car. Your trunk or van is not a storage area on wheels. Unless you plan on needing it this trip take it out of your trunk. Naturally emergency equipment is the exception. An extra 200 pounds will cost you one mile per gallon. That's about a 4% reduction in mileage.

Most of the other gas-saving ideas are pretty widely known so we'll just mention them as a reminder.

Your auto air conditioner reduces mileage by 10 to 20%. In winter we think of the 'wind chill'. Open vents in a moving car create the exact same effect.

Increasing your highway speed also increases your gas consumption. So does fast getaways from traffic lights.

Sitting in traffic wastes gas. You may find that leaving for work earlier helps you avoid jams. So instead of reading the paper at home before leaving for work, take it with you and look at it after you've arrived.

A word about some of those devices that claim to double your gas mileage. The Environmental Protection Agency has tested over 100 gas saving devices and found that, at best, they don't help any more than good maintenance does. And, the EPA says that they have not endorsed any product.

Finally a couple of thoughts about the 'gas crisis'. Yes, it's frustrating. But let's keep it in perspective. If you take inflation into account, today's gas prices are about the same as they were in 1986. According to the U.S. Dept. of Energy 'real' gas prices are much lower than they were at their peak in 1981. The $1.40 that we paid in 1980 would be $3.18 today if adjusted for inflation.

And, we're not without options. We've just shown that even individuals can take steps to control what they spend on gas.

About The Author:
Gary Foreman is a former financial planner who currently edits The Dollar Stretcher website TheDollarStretcher.com and newsletters.
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Post By I. Boulard (Guest Post) (06/06/2004)
Another good way to save gas is to share the ride with another commuter. Try http://www.carpoolworld.com it's free !


Post By Joe (Guest Post) (04/11/2004)
Saw this on CNN, figured I would post it...

Fill 'er Up for Less
Spending too much on gas? A few easy tips can save you at the pump
By SHARON EPPERSON

Rising gasoline prices are siphoning money out of drivers' wallets. The average price for retail gasoline hit $1.76 a gallon last week, according to the American Automobile Association (AAA), up 5¢ a gallon over the previous month. California motorists have suffered from pump prices well above $2 a gallon. The Bush Administration says the Environmental Protection Agency is "seriously considering" requests from New York, Connecticut and California for temporary exemption from cleaner-burning-gasoline requirements that have likely contributed to higher prices, given that those blends are in shorter supply. If the exemption is granted, drivers could see prices at the pump drop by as much as 10¢ a gallon. Until then, following these tips could help relieve your pain immediately:

*DON'T ASSUME
"SUPER" IS BETTER. Many cars won't benefit from super or premium high-octane gasoline. Regular unleaded gas is fine for most cars, and it's a lot cheaper. Check your owner's manual to find out what kind of gas you need.

*SHOP THE WEB.
"Prices can vary 20¢ to 30¢ a gallon in the same metro area, and often you don't have to drive very far to find cheap gas, just an extra block or two," suggests Jason Toews, co-founder of GasBuddy.com, a website that uses volunteer spotters to help compile price lists at stations in 174 areas around the country. GasPriceWatch.com and FuelMeUp.com can also help you find the cheapest fill-up in your neighborhood, near your job or along your commute.

*PUMP WHERE YOU SHOP.
Prices at wholesale clubs like Costco, Sam's Club and BJ's Wholesale Club can be significantly cheaper than most retail gas stations, although you have to be a member to get the best discount. BJ's lists stores with gas pumps on its website, www.bjs.com.

*USE A REBATE CARD.
These gas-company cards give you credit on your bill — in some cases as much as a 10% rebate. Most gas-rebate cards require you to stick with one brand, such as BP or Citgo. But the Chase PerfectCard and the AAA Platinum Plus card are among the few that can be used at any gas station.

*PAMPER YOUR CAR A LITTLE.
Basic maintenance, such as changing the oil on schedule and keeping the tires properly inflated, makes a difference in gas mileage, says AAA spokesman Justin McNaull: "About one-third of cars on the road don't have their tires properly inflated, and it's costing you fuel economy and shortening the life of the car."

*IF YOU HAVE A CHOICE, DRIVE THE CIVIC INSTEAD OF THE EXPLORER ON SHORT TRIPS.
Ultimately, fuel efficiency is the key to your overall cost. When it's time to buy, consider hybrid cars that combine an electric motor and a gasoline-powered engine. Car manufacturers are offering more of these models, like the Toyota Prius. They not only get great mileage but also offer a sizable tax deduction--$1,500 on your 2004 federal return.

Epperson is CNBC's personal-finance correspondent

http://www.time.com/time/magazine/article/0,9171,1101040412-607812,00.html


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