SOURCE: CreditCardChaser

CreditCardChaser

July 08, 2014 11:03 ET

The Top 5 Ways to Save Money on Gas, Announced by CreditCardChaser.com

SEATTLE, WA--(Marketwired - Jul 8, 2014) - According to a survey done by the well-established AAA brand, 66 percent of American adults are planning on taking at least one trip this summer and with gas prices approaching the record highs set in the summer of 2008, it looks like it may have to be just that one trip for many. For those ambitious travelers who want to hit the road without having to dig too deeply into their pockets, the gurus at CreditCardChaser.com have put together the top five tips for saving gas this summer and to free up your credit card for all the fun activities that await!

1. Use a gas rewards card.

Many credit cards offer points and cash back for purchasing gas. Some offer up to 6% cash back on gas purchases alone. Plus, these cards may also reward consumers for other everyday purchases, like groceries, pharmacies, movies, and more. Using a gas credit card can easily help cardholders save significant amounts on their fuel purchases.

2. Check Your Tire Pressure

When then-Senator Obama declared during the 2008 Presidential Election that rather than drill for more oil that Americans could greatly reduce oil consumption by inflating their tires to the proper air pressure, his suggestions were met with ridicule. His Republican rivals used this as a talking point to criticize him during the contentious elections, but how out of the loop was Obama really? Experts widely state statistics that keeping tires at the appropriate air pressure would improve gas mileage by 3% and considering that Americans drive nearly 3.03 trillion miles per year, that's a total of nearly 100 billion miles worth of gasoline, or 20 billion dollars worth of gas at 4 dollars per gallon with a car that averages 20 miles per gallon. All political affiliations aside, 20 billion dollars a year is by no means an insignificant amount and worth the small amount of effort required to check tire pressure.

3. Unload Your Car

According to industry experts, every 250 pounds of extra weight in the average car decreases gas mileage by over one mile per gallon. While many people tend to use their car as a mobile storage unit, the rising price of gas could eventually make it become more than the convenience is worth.

4. Drive More Efficiently

The American culture is a car culture and it just so happens that many Americans tend to have a lead foot. One of the biggest drains on fuel efficiency is rapid acceleration and it has been found to decrease fuel efficiency by up to 40% in large SUVs and 30% in mid-size vehicles. Aside from gradually approaching the speed limit rather than roaring up to it, the reliance on cruise control during longer drives can drastically increase miles per gallon as drivers have a tendency to subconsciously increase and decrease speeds slightly and cruise control keeps fuel intake at a steady limit.

5. Cheap Gas Apps

When crude oil prices peaked in the Summer of 2008, the subsequent gas price explosion saw the creation of mobile phone applications that allowed users to see where the cheapest gasoline was being sold in and around their zip code. While at times this can have a meaningless effect as the extra fuel used to drive to a cheaper gas station may negate the potential savings, it can also save consumers hundreds and thousands of dollars a year. Gas prices tend to fluctuate widely, even within the area of only a few square miles, so the chance that there is a gas station selling gas for 10 cents or more cheaper fractions of a mile away can and does make a huge difference over time.

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