This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Here Are the Best Days of the Week to Buy Gas

NEW YORK (TheStreet) -- Penny-pinching car owners can expect to find the lowest gas prices on Wednesdays in South Dakota, Thursdays in Delaware and Maryland and a wide variety of other days elsewhere, a 50-state analysis by market tracker GasBuddy.com has found.

"There certainly can be differences in the best day to buy gas depending on your [location]," GasBuddy senior analyst Patrick DeHaan says. "We found [some national trends], but a rural city in, say, Montana doesn't have to conform to traditional behaviors."

GasBuddy, which uses crowdsourcing to track gas prices at some 120,000 U.S. stations, recently analyzed four years of data to determine which days of the week offer the lowest average gas prices in various states.

The study found that all or part of the weekend (including Friday) offer the best average deals in 35 states and the District of Columbia. Drivers in the 15 other states should stick to gassing up Monday through Thursday.

DeHaan believes weekends offer the best deal in most of the country because energy-futures trading happens only Mondays through Fridays -- and refineries typically only wholesale prices adjust once each weekday evening to reflect that day's closing market price. As a result, gas stations can offer rock-bottom pump prices over the weekend because they know in advance what it'll cost to restock on Monday morning, the expert says.

DeHaan adds that stations know their customers have more time to comparison shop on weekends, making low prices key for competitive reasons.

Many consumers also have a few minutes to pop in for coffee or other convenience items that many stations sell for higher profit margins than gasoline. "If a one-penny drop at the pump brings 10% more people into the station, it's worth it," DeHaan says.

In states where stations offer the lowest prices during the workweek, the expert suspects quirky local traditions are at work.

"There's a blind rule that prices in Ohio, Michigan and Indiana are generally the best on Monday mornings at 10 a.m. because they're set at the corporate office -- and those guys don't decide what to do until they've come in at 9 a.m. and figured out what's going on [in the energy markets]," he says.

Here's a look at which days GasBuddy found generally offer the lowest pump prices in each of the 50 states and the District of Columbia. Although the best day for cheap prices varied from year to year in many states during the 2010-13 period GasBuddy studied, the days below reflect the best general advice about when to buy gas in each locale.

Monday: Indiana, Iowa, Kentucky

Monday or Saturday: Ohio, Oklahoma

Early week (Monday or Tuesday): Oregon

Tuesday or Thursday: Wyoming

Midweek (Tuesday through Thursday): Kansas, North Dakota, Utah

Wednesday: South Dakota

Thursday: Delaware, Maryland

Thursday or Sunday: New Jersey

Late week (Wednesday or Thursday, plus an occasional Friday or Saturday): Alaska, California, Montana, Nevada, New Hampshire

Weekends (Friday through Sunday, with a spillover into Monday in some cases): Alabama, Arizona, Arkansas, Colorado, Connecticut, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Mexico, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington State, West Virginia, Wisconsin

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs