Business:Investing
PFT #78 - Personal Finance Tip of the Week: How To Stretch a Tank of Gas
2023-05-04
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The average cost for a gallon of gas as of this recording is $4.22 according to AAA. Not to mention that this has been going on for weeks and it may stay this way for several more cycles.
So what can we do to get more out of our tanks of gas?
#1 Use apps such as GasBuddy which is our PFT #23 to find the lowest costs in your area. I always go to Costco.
#2 Keep your speed in check. According to Consumer Reports, driving 65 mph instead of 75 mph on the highway can increase fuel efficiency by 7 mpg for a mid-sized sedan and 6 mpg for a small SUV.In addition, our crack staff performed so math using the Distance = Speed * Time formula and for 60 mph that says when drive 70 mph vs 80 mph over the course of 60 miles you only save 6.4 minutes.
#3 Each month your tires lose approximately one 1 psi, and low tire pressure negatively affects fuel economy.
#4 You do not have to purchase premium gas. According to Edmunds.com even if the owner's manual recommends premium gasoline, the car will typically run on regular without issue and it will not damage the engine in any way.
#5 Avoid hard acceleration and excessive braking and try to keep a steady pace, and remove bike, kayak and cargo racks as this creates a drag on your vehicle. The bottom line is that these tips are valuable at any time in life; however, most people are reactive rather than proactive. So take your time out there and you may be able to get a few more gallons between fill-ups.
The new social and etiquette rules for 2023
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So what can we do to get more out of our tanks of gas?
#1 Use apps such as GasBuddy which is our PFT #23 to find the lowest costs in your area. I always go to Costco.
#2 Keep your speed in check. According to Consumer Reports, driving 65 mph instead of 75 mph on the highway can increase fuel efficiency by 7 mpg for a mid-sized sedan and 6 mpg for a small SUV.In addition, our crack staff performed so math using the Distance = Speed * Time formula and for 60 mph that says when drive 70 mph vs 80 mph over the course of 60 miles you only save 6.4 minutes.
#3 Each month your tires lose approximately one 1 psi, and low tire pressure negatively affects fuel economy.
#4 You do not have to purchase premium gas. According to Edmunds.com even if the owner's manual recommends premium gasoline, the car will typically run on regular without issue and it will not damage the engine in any way.
#5 Avoid hard acceleration and excessive braking and try to keep a steady pace, and remove bike, kayak and cargo racks as this creates a drag on your vehicle. The bottom line is that these tips are valuable at any time in life; however, most people are reactive rather than proactive. So take your time out there and you may be able to get a few more gallons between fill-ups.
The new social and etiquette rules for 2023
Social Media
https://www.instagram.com/somm.podcast/
https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDw
https://www.tiktok.com/@somm.podcast?lang=en
https://www.facebook.com/somm.podcast
https://twitter.com/Somm_podcast
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