If you’re looking to get out and start driving now that the weather is getting nice, get ready for a rude awakening: gas prices are jumping up. This only makes sense, as prices are recovering from some all-time lows when adjusted for inflation. For a while in 2020, oil manufacturers literally couldn’t give the stuff away.
So, as the demand for Spring and Summer travel picks up, get ready to see gas prices go through the roof. This is to be expected, as this year is already predicted to see an increase in inflation across the board. What can you do to keep your costs down? Let’s look at these quick tips.
If you have stores nearby you can walk or ride a bike to, do so! It’s great for your health as well as the environment. When you crank up your car for a short drive, you’re burning more gas than you think you are. Depending on the length of the drive, you might even be spending more gas just cranking the vehicle than you do on the travel time there.
Bust out your bicycle and take a ride to the store to grab lunch. Take a walk to your friend’s house, if they live close enough. Not only will you save gas, but you’ll burn calories too!
If you know your coworkers leave at the same time as you, organize a carpool. That way, you not only get to save gas on your commute, but you get to spend more quality time getting to know your favorite coworkers. This is great for building trust between people you work with, as well as a good way to keep wear and tear off of your car.
Invest in Hybrid or EV
If you want to cut out the cost of gas altogether, you could opt for an electric vehicle. Or, you could cut your gas costs significantly with a hybrid vehicle. Either way, you’d need to upgrade to a new vehicle, so this might not be the most cost-effective decision in the short-term.
However, in the long-term, you might find owning an electric vehicle to be a huge improvement over a gas-powered one. Just cutting out the cost of gas alone is enough for many people to make the switch, and many states offer a tax credit for people who buy electric vehicles. With gas prices steadily rising, now might be a good time to switch to an EV.