Dealing With High Gas Prices

Gas prices have been surging in 2021/2022 due to inflation and supply-chain issues related to the pandemic. Then, more recently, the war in Ukraine has caused the price of oil, and therefore gas, to jump even higher. In the United States, we've hit all-time highs for gas, the closest prices being the cost of gas after the 2008 financial crisis.

So if you're wondering how to deal with these gas prices, you are not alone. Although there are no ways to avoid the high gasoline prices altogether, there are some ways to help you save on gas and keep your wallet from emptying as quickly.

Save on Gas

  • Use a gas rewards card. Getting cash back on gas is one of the best rewards credit cards offer. Some cards can provide you with 3% or as high as 5% cash back on gas. However, make sure the higher prices you're paying to use the card plus the annual fee save you money.
  • Use cash. If you have a keen eye, you've probably noticed that many gas stations offer lower prices for cash purchases. If you haven't seen it, keep an eye out. Then, once you've located which gas stations near you accept cash for a lower price, try keeping money on you when it's time to fill up.
  • Keep your car properly maintained. Ensure your tires are in proper shape, get regular oil changes, and take your vehicle in when the server light is on. It may be best to get your car checked by a mechanic if it has been a few years. If they fix any issues with your vehicle, it will extend its life; however, it may also help you get better gas mileage.

Research Gas Prices

Researching gas prices is an effective way to avoid the expensive stations while sticking to the more affordable ones.

  • Use a gas comparison app. Using a gas app is a great way to identify the best local gas prices.
  • Find the closest and least expensive gas station. Try using Google Maps or Waze to quickly look up a gas station near you and check its price. Keep note of the cheapest stations and check them periodically for price changes.

Change Your Driving Habits

Altering your driving habits can be beneficial when looking to cut back and save on gas. While it may not be the most favorable option, it will save you the most money.

  • Walk or bike when possible. One of the most straightforward ways to save money is walking or biking instead of driving. Not only is walking or biking good for your wallet, but it's also good for your health.
  • Embrace carpooling. If you have friends, family, or fellow employees nearby, try carpooling with them if you plan on going somewhere. Typically, carpooling will help everyone save money on gas since it's split multiple ways.
  • Take public transportation. If you live in a city, try identifying your public transportation services. Typically, cities can offer buses, trains, or subways to move from one area to the next for a low cost.
  • Change your driving style. If you are in a hurry while driving, try driving more relaxedly. Constant speeding and braking will cause you to burn more gas, so slowing down and staying at a steady pace will extend the miles you get on a tank of gas. Keep your car from idling, and try shutting off the car engine whenever you plan on sitting still for an extended period.
  • Plan your routes. If you are looking to make a trip or planning your weekly work commute, try researching to see if there are more gas-friendly options to get to and from your destination. If multiple options exist, try each out and determine the most efficient.


Unfortunately, gas is a necessary expense for most of us. However, there are ways to lessen that expense. Learning your local gas prices and altering your driving habits will save you the most money. In addition, you can utilize public transportation to get you to your destination. Finally, if you learn how to save money when gas prices are high, you can continue these methods when the prices are lower to keep the savings coming.

Information presented in the Northwest Financial Wellness Center is provided for educational purposes only and is not related to actual Northwest products or services. Northwest makes no representations as to the accuracy, completeness or specific suitability of any information presented. Information provided should not be relied on or interpreted as accounting, financial planning, investment, legal or tax advice. Northwest recommends you consult a professional for any specific guidance you are seeking.