Four Tips to Help You Save on Your Next Fill-Up

Photo by Erik Mclean

Gas prices have been fluctuating lately but are still running over $1 higher per gallon than last year. That is putting a financial burden on many Americans, especially seniors who rely on Social Security for their monthly income. Fortunately, there are a few things you can do to help save at the pump. CNBC spoke to a consumer savings expert who offered these four tips:

  • Track gas prices — Use an app to find the cheapest gas in your area. Remember, you don’t want to drive too far to fill up or you will be losing any savings you scored.
  • Pay with cash — Gas stations tend to charge 10 to 15 cents more per gallon when you pay by credit card, so you may be able to save a few dollars on a fill-up if you pay with cash. If you prefer to use a credit card, use one that offers cash back on gas purchases.
  • Drive strategically — Try to stack your errands into one trip if you can. Carpooling is another smart option.
  • Sign up for loyalty programs — Look for gas station and even grocery store programs that can save you money.

The Seniors Trust is committed to improving the financial well-being of America’s retirees through passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and this bill will ensure the long-term solvency of the Social Security program.

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