3 Tips for Saving on High Gas Prices in San Diego
Californians are currently paying more for gas than anyone else in the U.S. according to the American Automobile Association. The average price for a gallon of gas in California as of July 6, 2022 was $6.21, severely higher than the national average of $4.79. This is in addition to the recent increase to the state’s fuel excise tax. There’s no question that your daily commute – whether 10 or 30 miles long – has been costing you more money over the past few months and unfortunately there’s no clear end in sight.
Whether you’re planning a family road this summer or looking for ways to reduce spending and save more, we put together some tips to help our members save where and when you can on filling up your tank.
- Gas Apps: Use gas budgeting applications on your mobile device (Gas Buddy, Gas Guru) to locate the cheapest gas stations in your vicinity. You can even take advantage of compound savings when you sign up for a gas card through some of these apps. Gas buddy offers up to 40 cents per gallon in savings when using the “Pay with GasBuddy” feature on their app.
- Fuel Efficient or Electric Vehicle: switching to a more fuel efficient or Electric Vehicle (EV) will definitely lower the amount of money you spend each month at the pump. An EV doesn't rely on gasoline to run and they’re becoming more prominent in our area as people start to realize just how much they can save by switching. According to Consumer Reports, an EV could save you on average $800-$1,000 per year. If you’re looking for a new or new-to-you ride this summer that is economically and environmentally friendly, an EV might just be the cost-saving solution you need. Cal Coast offers great rates on EV auto loans on new or used vehicles and refinancing.
- Proper Vehicle Care: Proper care and maintenance of your car will save you substantial money on gasoline in the long run. Here are some things you can do to make sure your vehicle is running as efficient as possible:
- Ensure tire pressure is up to standards on a monthly basis. Deflated tires will require your engine to work more than it needs to, ultimately burning more fuel than desired. This important habit can increase your car’s fuel efficiency by up to 3%.
- Regular tune-ups on your engine. While there is a cost to take your car in for an emissions test, a vehicle with a failed test, once fixed, can increase fuel efficiency by up to 4%. See the owner’s manual in your vehicle to find out manufacturer’s recommendations on when to tune-up your engine.
By adopting one or more of these tips into your daily driving habits, significant savings can be made during a record-breaking year for gas prices.
Visit the Cal Coast Financial Tips Blog for more helpful tips on saving, budgeting, investing and more!