Gas prices are on the rise around the country and for approximately one-third of drivers, the price is inching closer to $4 per gallon. With heavily-populated areas like California, New York and Illinois seeing the greatest increases, and prices not looking to drop anytime soon, drivers are trying to find ways to save money at the pump.
Gas Prices Jump 31 Cents in the Past Month
According to new data from AAA and the Oil Price Information Service, gas prices have risen an astounding 31 cents over the past month with regular gasoline averaging $3.82 per gallon nationwide.
But a price analysis of major metropolitan areas reveals that more than 65 million of the nation’s 210 million drivers are experiencing even higher rising gas prices, especially in heavily populated areas.
States facing the highest gas prices in the U.S. include:
- Hawaii: $4.45
- California: $4.36
- Alaska: $4.22
- Illinois: $4.07
- D.C.: $4.03
- New York: $4.00
- Connecticut: $4.00
There has been mixed information on whether the prices have already peaked or will continue to rise. In California, experts have speculated that the state’s sharp 51-cent increase may be the end. In other areas, prices may still move higher, especially as Memorial Day weekend approaches in May.
Crude oil prices have been rising and falling based tensions in the Middle East and rumors that the U.S. and Great Britain will release strategic reserves. With the future of prices still uncertain, it’s up to drivers to best manage costs associated with purchasing gas.
Ways to Save Money at the Pump
So, what are some ways for drivers to save at the pump? With gas prices typically mirroring each other at various stations, it’s not always easy to save money when filling up, but here are a few ways to keep rising gas prices at bay:
- Use gas price websites and apps: Before filling up, take time to visit a gas price website like GasBuddy.com or find an app on your smartphone that can guide you to stations offering lower prices in your area.
- Take advantage of gas rewards cards: A number of credit card issuers and gas distributors offer “gas back cards” that issue rebates for a percentage off at the pump.
- Carpool: Another great way to save money is to team up with co-workers and begin carpooling.
- Public transportation: If you have ample public transportation in your area, consider riding the bus or taking a metro train to your destination.
As a driver who has to get to and from work everyday, it’s important to make the most of the up and down swings of rising gas prices. With prices expected to continue their rise before falling, now is the time to plan how you can save money at the pump.