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Gas Station Smarts:
5 tips for getting the most from your fill-up
by Emily Davidson
With gas prices hitting new highs this fall, we all need to be careful about keeping
our gas costs under control. At $3.00 a gallon, filling up a standard car’s
tank could cost you more than $50.00 a pop. From how to deal with high prices to
avoiding credit card fraud – Here are our tips for getting the most from your
fill-up:
1. Conserve Gas
There are a few easy steps you can take to reduce your car’s gas consumption
and save a few bucks. First, make sure that your car is tuned-up and the tires are
properly inflated – a little bit of TLC can make a big difference in fuel efficiency.
You should also remove any unnecessary heavy items from your trunk and try to obey
the speed limit. Fuel consumption can increase dramatically when you drive above 55
miles per hour.
2. Narrow It Down
It’s easy to keep track of your gas spending when you dedicate one credit card
to this expense. Using a credit card for your gas purchase is also a good idea because
you won’t be liable for any fraudulent charges in the event of identity theft.
If you use a credit card
with a rewards program you could be earning points for each gallon you buy. This
Gas Credit Cards
can even help reduce the price of your gas. You can also find the cheapest gas station
in your area using this online
gas price finder that’s updated daily.
3. Alternative Routes
If you are planning a road trip or holiday visit, consider taking a bus, train or
plane instead of driving. You can estimate the cost of gas for your drive using this
online calculator.
Compare that cost with the price of a ticket to see what mode of transportation is
best. Along with gas savings, you may be able to spend more of your vacation relaxing
instead of driving.
4. Watch Out for Holds
When swipe your card at the pump, gas stations often block out a certain amount in
advance to ensure that you have the funds to pay for a full tank. These “holds”
usually range from $25-$75 and can stay on your account for up to a few days. For
example: you enter your credit card before starting to pump and the gas station blocks
out a $50 amount. Even if you only buy $5 worth of gas, a $50 hold could stay on your
account for a while. This block can cause trouble when you go to make your next purchase,
especially if you have a low credit limit or used a debit card. Avoid any issues with
this process by using only one credit card for buying gas and keeping more than one
credit card in your
wallet.
5. Guard Against Identity Theft
With gas prices so high, the last thing you need is someone stealing your credit card
and racking up extra charges. Guard against identity theft by shredding all gas receipts
and keeping an eye on your credit card when you hand it to someone. Gas station attendants
could make a copy of your card or run it through a “skimmer” device when
you are not looking. Review your credit card statements for suspicious charges each
month and check your credit reports for signs of identity theft every 6-12 months.
With a little awareness, you can keep your gas expenses low and your finances healthy
this fall!
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