Six Ways to Save Money on Gasoline

05/21/08 - 12:34 PM EDT

Katie McCaskey

Gas prices are likely to continue going up, not down, at least in the short term.

Are we entering the much-debated state of "peak oil," where the world's reserves are officially leaning toward the "E" side of the dial?

Maybe, maybe not...

Either way, consumers are feeling the pinch.

BankingMyWay

The average Geezeo user spent an average of $72.38 on purchases labeled "gas" last month.

How does that impact your wallet now? Here are six tips to help you whittle down your gas bill:

1. Combine trips.
Plan your errands so you do them all at once vs. making multiple trips and driving multiple miles.

2. Eliminate trips or carpool.
Reconsider the expense of public transportation vs. what it will cost you to drive. Or, try walking or bicycling. Even in less pedestrian-friendly areas, you can find ways to walk.

Even walking between parking lots can save some cash and give you some exercise.

3. Fill your tires.
Properly-filled tires allow you to get the best gas mileage.

4. Change your oil and replace your air filters.
Again, keep your car in the best working order. These tips cost a little up front, but will save you money in the long run.

5. Empty your trunk.
Many people use their trunk as extra storage. You're paying more for gas for every additional, unnecessary pound of weight in your trunk. Clean it out!

6. Find the best price online.

Sites like GasBuddy.com allow you to find the best price for gas in your area. Just don't drive a considerable distance out of your way to save a few cents a gallon.

What gasoline usage tips would you add? For example, if you have a yard and use a gas-powered mower you might consider switching to an old-fashioned human-powered machine.

Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now. See All

  • Cramer's Daily Booyah!
  • Before the Bell

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!