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Gasoline prices have just reached a new record high. Here are some ways to save




As the summer driving season approaches, petrol prices show no signs of slowing down.

The national average for unleaded gas reached a new high of $ 4.59 per gallon on Thursday, according to AAA. For the first time ever, the average price was $ 4 per gallon or over in all 50 states this week, AAA data show. Last year at this time the price was $ 3.04 per gallon.

High prices for crude oil are largely to blame, the car group said. “The high prices of oil, the key ingredient in gasoline, are driving these high pumping prices for consumers,”[ads1]; said Andrew Gross, a spokesman for AAA, in a statement.

How to save on gas

If you are still planning to travel on the road, there are ways to shield yourself a bit from sky-high prices at the pump. Consumer savings expert Andrea Woroch has these tips:

  • Track gas prices. Apps like GasBuddy, Gas Guru and AAA TripTik can track the cheapest price per gallon between gas prices. Although the difference may not seem like much, it can still amount to hundreds of dollars a year.
  • Pay with cash. The price per gallon can be 10 cents to 15 cents more per gallon for credit card transactions. Pay with cash instead of getting the lower price, or use a gas reward credit card to earn money back on these costs. (CNBC’s Select has a complete overview of the best the best cards to fill up based on your consumer habits.)
  • Drive strategically. Carpooling to and from work and school or sports can dramatically reduce your time on the road. You can even find tour shares by using sites like ZimRide, RideJoy or eRideShare.com, Woroch advised. Also order online and look for free delivery to reduce the cost of getting groceries, takeaway and other daily necessities.
  • Sign up for loyalty programs. In addition, loyalty programs, which many large gas station chains have, can help compensate for the price of the pump. Some grocery store chains may also offer cent-per-gallon rewards. For example, Kroger and Shop & Stop provide fuel points for every $ 1 spent on groceries, which can be redeemed at participating gas stations.

Subscribe to CNBC on YouTube.



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