Gas prices are rising across the United States as the summer travel season begins. The national average price for a gallon of regular unleaded gasoline is now $3.45, up 10 cents from a month ago.
There are a number of factors contributing to the rise in gas prices. One is the increase in demand as people start to travel more after the COVID-19 pandemic. Another is the ongoing conflict between Russia and Ukraine, which has disrupted global oil supplies.
The rise in gas prices is likely to put a strain on household budgets, especially for those who rely on their cars for transportation. It is also likely to dampen demand for travel, as people may choose to stay closer to home to save money.
The Energy Information Administration (EIA) forecasts that gas prices will continue to rise in the coming months, reaching an average of $3.75 per gallon by the end of the summer. However, the EIA also notes that gas prices are volatile and could fluctuate depending on a number of factors, including the outcome of the Russia-Ukraine conflict and the global economic outlook.
What can you do to save money on gas?
There are a number of things you can do to save money on gas, including:
- Drive less. The more you drive, the more gas you use. If you can, try to walk, bike, or take public transportation whenever possible.
- Combine errands. If you have to drive, try to combine errands so that you can make fewer trips.
- Carpool. If you have a friend or family member who lives nearby, carpool with them to work or school.
- Drive efficiently. There are a number of things you can do to drive more efficiently, such as avoiding sudden acceleration and braking, keeping your tires properly inflated, and using cruise control on the highway.
- Shop around for gas. Gas prices can vary from station to station, so it pays to shop around before you fill up.
- Use a gas rewards card. There are a number of gas rewards cards available that can help you save money on gas.
By following these tips, you can save money on gas and help your wallet stay full this summer.s the summer travel season begins. The national average price for a gallon of regular unleaded gasoline is now $3.45, up 10 cents from a month ago.
There are a number of factors contributing to the rise in gas prices. One is the increase in demand as people start to travel more after the COVID-19 pandemic. Another is the ongoing conflict between Russia and Ukraine, which has disrupted global oil supplies.
The rise in gas prices is likely to put a strain on household budgets, especially for those who rely on their cars for transportation. It is also likely to dampen demand for travel, as people may choose to stay closer to home to save money.
The Energy Information Administration (EIA) forecasts that gas prices will continue to rise in the coming months, reaching an average of $3.75 per gallon by the end of the summer. However, the EIA also notes that gas prices are volatile and could fluctuate depending on a number of factors, including the outcome of the Russia-Ukraine conflict and the global economic outlook.
What can you do to save money on gas?
There are a number of things you can do to save money on gas, including:
- Drive less. The more you drive, the more gas you use. If you can, try to walk, bike, or take public transportation whenever possible.
- Combine errands. If you have to drive, try to combine errands so that you can make fewer trips.
- Carpool. If you have a friend or family member who lives nearby, carpool with them to work or school.
- Drive efficiently. There are a number of things you can do to drive more efficiently, such as avoiding sudden acceleration and braking, keeping your tires properly inflated, and using cruise control on the highway.
- Shop around for gas. Gas prices can vary from station to station, so it pays to shop around before you fill up.
- Use a gas rewards card. There are a number of gas rewards cards available that can help you save money on gas.
By following these tips, you can save money on gas and help your wallet stay full this summer.
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