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Finally, there is federal guidance on when gas prices are expected to drop. And it’s sooner than you might think.
The national average price of gas is $3.34 per gallon, according to the U.S. Energy Information Administration—over a dollar higher than this time last year.
And while prices remain steep, they’re lower than where they were just a few weeks ago—and more relief is on the way. The U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook forecasts retail gasoline prices to fall to $3.01 per gallon in January, and finally reach $2.88 per gallon on average over the year.
If you need help managing higher gas prices in the meantime, there are ways to save.
How to Save Money on Gas
Here are 4 tips to save money while fueling up:
- Use gas apps to find cheap gas near you. There are a handful of helpful apps that will show you nearby gas stations and real-time prices of their gas. GasBuddy, for example, lets users update nearby gas prices and allows you to search by current location, ZIP code, or city. GasBuddy also offers a free rewards card for users that provides discounts on gas. The card links directly to a checking account and is sent via mail. Swiping the rewards card and that gas pump can save users up to 25 cents per gallon at the pump, according to GasBuddy’s…
