Sunday, August 17, 2008

So, Gas Up With A Generic And Save Big

Category: Finance.

You can t do much about gas prices, but you can still save at the pump.



While this may not sound like a lot of money it does add up to as much as$ 200 per year or more, depending on your driving habits. Not a bundle of money, but perhaps two or three dollars per fill up. Who doesn t want to save at the pump? Name v. You know that you do. Generic Brand- Perhaps you have long used BP, Texaco or some, Exxon other big name oil company s gas station over the years. Well, the" Gas and Go" down the street- you know, the generic" no name" gas station always charges less, as much as a dime less per gallon, but you have avoided them.


Heck, their gas really isn t any different now, is it? Well, did you know that many generic stations get their gas from the same place as the Exxons, and other big, Mobils name companies of the world? They just don t get charged a franchise fee covering advertising and other expenses. They certainly do. So, gas up with a generic and save big. Plus v. Premium v.


Regular- Most pumps have two grades of fuel while some have three: regular, plus and premium running at 87, 89, and 91 or 92 octane. Therefore, unless your owner s manual specifically says you must run premium gas, don t bother- pocket the extra dime or quarter per gallon that you would save. Did you know that most cars will run on regular gas? Ethanol v. Depending where you live[ the Midwest USA for example] and what gas prices are doing at the moment, you could pay as much has 50 cents less per gallon for ethanol. Gasoline- If you own one of the millions of vehicles on North American highways that can run on either ethanol or gasoline then you may be in luck.


One caveat: your fuel mileage drops by about 20% when filling up with ethanol. Naturally, driving within the speed limit, and keeping your, avoiding fast starts engine tuned, and tires inflated are other ways to save on gas. Therefore, if the savings per gallon isn t better than 20% , then don t bother. Altogether you can do your part to restrict your gas usage without going nuts doing it. Otherwise, opt for a hybrid and hope that you can get some sort of government rebate to justify your purchase.

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