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Posts Tagged ‘Gasoline’

Friday’s Financial News…Great Way To Save On Gas…

Friday, August 21st, 2009

Today I found a great website called GasBuddy.com. This website is awesome for those of us who are trying to save a little cash! From the main page, you enter your location in the field provided and it kicks back a list of places in your area that have the some of the lowest gas prices around! Not only can you access it from your computer, but they have a mobile phone application that you can use as well, if you have a smart phone, or a phone with a data package!

How does it work? Well, people just like you become a member, and as they get gas/drive by a gas station with low prices, they send in the information to the website, which posts the information for other people to use. Membership is free, and it is very simple to send/receive the information. Over time, this can add up to MAJOR savings!

Another neat way to use this website?? When you plan a road trip, you can check out the map section on the website. Although you don’t want to alter your course A LOT, you can at least use the information to find the most reasonable prices near where you think you’ll stop, so that you can save some cash on your road trip for more important things, like fun activities!

I suggest that you try to get gas in the middle of the week, since it is usually at it’s cheapest then (at least it is where we live…if it’s not where you live, watch gas prices for a couple of weeks and take note of the days that it’s at its cheapest). Pick the same day of the week to get gas (like every Wednesday) and look up the local gas prices on GasBuddy.com before you head to the pump! Good luck, and I hope you save some green!

Mucho Moolah! Monday’s Money Saving Tip! Tricks to avoid gas station rip offs!

Monday, April 13th, 2009

Today I wanted to talk about paying for your gasoline with cash. I have noticed over the last several months that gas stations have started to offer a price break on their gas if you pay with cash. Why is that, you ask? Well, because then they don’t have to pay a percentage of the sale to Master Card, Visa etc. They are giving YOU a discount so that they don’t have to give THE CREDIT CARD companies any money. It’s worth carrying a little cash in your pocket to get this easy discount!

Gas stations are apparently desperate to stop paying this fee, because the Shell gas station closest to my house has a new “feature” on it’s automated pump. The pump now asks “is this a debit card?” and lets you answer “yes or no”. Their reasonong is simple…if it’s a debit card, then the bank pays the credit card company fee, not the store. This sounds OK, except that some banks, like mine, charge their CUSTOMER to use their debit card AS A debit card! We get charged $1.00 per use as a debit card, so if I was distracted while at the pump, I would be charged $1.00 for using my card as a debit card. Isn’t that fun? No discount AND get charged extra! This is why I say that it pays to carry cash! And, although I know this will mean that we all have to go into the store to pay, I think we’ll be fine. After all, a little exercise never hurt anyone, right?

So, to sum up, pay for your gas with cash, and don’t declare your card to be a debit card, even if it is, when buying gasoline. Make sure you pay attention to what you are doing at the pump, because even though it is automated and very easy to buy gas nowadays, it is also easy to be distracted and pay more then you should for your gas!