Gas Saving Suggestions: Some Ideas From Left Field

×
Gas Saving Suggestions: Some Ideas from Left FieldA couple of weeks back, we asked our readers to give us their advice on the best ways to save money at the gas pump. Sorting through the 1,500 comments that we got back, we found that their ideas ranged from the banal to the bizarre, the obvious to the incredibly creative.

We've already shared some ideas for economizing, squeezing extra miles out of your tank, and finding surprising discounts. In the final part of this series, we'll take a peek at some of the more unusual ideas that you shared. While they might not all work, they are certainly interesting, and show -- yet again -- the impressive creativity of DailyFinance's readers!

Making Work Work for You

When it comes to cutting back on gas expenditures, most consumers slash their discretionary driving: weekend trips, jaunts to the mall, and other leisure activities go out the window. As some of our readers noted, however, there are numerous ways to cut down on the standard, day-to-day drives that seem to be absolutely necessary. "Susan," "Grocollect" and "Eff" all endorsed carpooling, but other readers went even further. "Immervation" wrote about his office's plan to cut back on gas expenditure: "My colleagues and I are working three days from home over a secure VPN network ... Our goal is to eliminate our head office space by 2019 or reduce it but maintain our current employee count." He admitted that this solution might not work for every company, but noted that it has really helped his: "Everyone feels better about not having to commute everyday and we all have more money for vacations."



For another reader, "Teltech543," work resources helped make high gas prices a little easier to take: "I have a company car. I leave my house a little early and do things at stores on the way ... The rest of the time I walk or ride a bicycle." As far as gas usage, the company car slashed expenditures: "I filled my truck up last October at about $2.65 a gallon. I still have 3/4 of a tank." Of course, not everyone has a company car, but "Condley" found a way to cut back on trips to the store. He suggested that readers "Do more of your shopping on the Internet, and let UPS do the driving!"

Play Wall Street's Game ... Against Wall Street

"Blair" came up with an interesting solution for dealing with gas speculators who are driving up prices at the pump: "Buy energy stocks. If you can't beat em' join em'." Other readers claimed to have taken his advice. For example, "Jjhwy9bc" wrote that "I bought enough Chevron (CVX) stock so the annual dividends are about the same as my annual fuel cost. That way the oil company pays for my gas." "Nick" from Melbourne, Fla., had a similar suggestion, noting that he and his wife own Exxon (XOM) stock: "Our investment advisor expects an annual return (dividends plus stock price gain) of 10% to 15% a year, so the return on 100 shares should just about cover the gasoline price increase." However, he also cautioned that even gasoline isn't a sure bet: "Remember, there are no guarantees in this life."

While Chevron and Exxon are obvious oil picks, several other companies offer promising returns for savvy investors. For example, "David" suggested Suncor Energy (SU), a Canadian company that specializes in crude production from oil sands: "I bought and sold the same 500 shares of Suncor Energy five times for a total gain of just over $7.00 a share. Maybe not as green as selling my Ford Bronco and getting a Chevy Volt but a heck of a lot easier." And, given the current rush for alternative oil sources, Suncor seems likely to hold its value.

"Mel" noted that, even if you don't buy stock, watching the market can help you pick the best time to buy gas. According to him, the trends in oil futures translate directly into the price at the pump: "Follow the market price of oil futures on the Internet and if the price is trending up fill up your tank. If it is trending flat, run with half a tank as less unladen weight will save a little fuel."

"Dave48228" also pointed out that readers can manipulate tax differences between states to maximize their money at the pump. Living on the New Jersey/New York border, he noted that the stations in Northern N.J. "tend to have lower prices." Depending on where you live, simply driving across a border may help you cut your gas expenditures.

Set Your Clock, and Watch Your Calendar


According to some readers, buying your gas at certain times of the day or week can make a huge difference in price. For example, "Mel" claimed that gas is cheaper on Friday morning, while "Jim" argued that prices are lower on Mondays and Tuesdays.

Some readers even claimed that the outside temperature influences gas. According to "Harley414," the best time to buy gas is in the "early morning hours." "Mel," echoed this, suggesting that readers "Fuel up during the coldest part of the day." He explained his logic in terms of gas density, explaining that when the weather is cold, "liquid fuel is most dense and you get more BTU's per gallon."

Regardless of where you live or when you pump, the ultimate lesson of this year's rise in gas prices seems to be that smart drivers pay attention to their spending habits, and manipulate them in order to reduce expenses. In fact, one of the most interesting suggestions came from "Jkennedy806," who found a particularly interesting way to cut his gas usage. While many readers wrote about the cost of driving, he also considered the cost of lawn care, noting that his gas mower was also a big drain. Now, he wrote, "I have a manual push mower and I love it." To cut his outlays even further, he turned much of his yard into a vegetable garden, noting that "I can't afford vegetables and gas, so something had to be done. People, do away with your lawns, get off your couch and plant vegetables."

Increase your money and finance knowledge from home

Understanding Stock Market Indexes

What does it mean when people say "the market is up 2%"?

View Course »

Investing Like Warren Buffett

Learn from one of the world's best investors.

View Course »

Add a Comment

*0 / 3000 Character Maximum

232 Comments

Filter by:
wdodf

Gasoline prices wiil NOT come down any significant amount until the current administration and all the dmes in congress along with the EPA and Department of Enery are voted out of office or eliminated.

June 08 2011 at 9:14 PM Report abuse rate up rate down Reply
eternalhealth1

Buy a Diesel car and convert it to use French Fry or Chicken oil!

May 24 2011 at 1:55 PM Report abuse rate up rate down Reply
eternalhealth1

Buy a Diesel car and convert the engine to use French Fry Oil!

May 24 2011 at 1:54 PM Report abuse rate up rate down Reply
pm0501

All these AOL stories have a built in DUUUHHH factor.

Shop online and use UPS to do the driving for you? By the time you add shipping charges you might as well pay $4.00/ gal. and drive to the store. UPS is looking to jack up their rates anyway so the savings will melt away pretty fast. If you have to return something, you pay the shipping which could have gone to gas to take it back to the store anyway. If you do find the lowest price on something and they offer free shipping, go for it!

Shutting off your A/C is fine around town but on the highway, open windows create drag which robs the fuel efficiency you could have used on the A/C to begin with. Park in the shade? Oh yeah, there are millions of shaded parking spaces with your name on them. You could drive around the block a dozen times looking for one too right?

Drive the speed limit? Yeah and get rear ended by a hothead! In most states you now have your insurance premiums increased even if the accident wasn't your fault. USA drivers are speed limit and red light challenged ... don't expect them to take this tip seriously.

When getting gas fill it to the top? The added weight uses more gas. For in town driving (Especially hilly regions) max it at half full. Empty your back seat and trunk of junk you don't need and don't carpool your 300 lb. friends.

Jill is a nice lady but just reading copy her airhead producers feed her.

May 23 2011 at 3:10 PM Report abuse rate up rate down Reply
Joe Don

Several days ago AOL had a list of myths and one of them was that getting gas in the cool morning was a better value.

It stated that this was a myth and if there was any volume fluctulation it would take a lifetime to save even a quart of fuel.

So which article am I to believe????

May 23 2011 at 2:24 PM Report abuse rate up rate down Reply
Fred

Here's what I do, I fill up when the gage gets to half a tank. It doesn't save money but I would rather shell out 30 bucks at a time instead of 60 and let them store the gas and not make a profit off of it till I am ready for it. Kind of my little piece o,f screw them.

May 23 2011 at 11:42 AM Report abuse rate up rate down Reply
Elizabeth

I am personally disgusted by the gas prices. I have been walking almost everywhere lately. I can do that, though, because I live in a city. Anyone angry at Exxon, why not post a burn to Exxon on http://www.burnandrotinhell.com in the Bad Products section? It's a great venting site.

May 23 2011 at 8:37 AM Report abuse rate up rate down Reply
caohellsux1978

I wrote Exxon/Mobil several weeks ago, and actually got a response from them. It was pretty much verbatim the kind of trash you see around here. We at Exxon/Mobil have little or no control over pricing. They mentioned OPEC, the turmoil in the Middle East, the huge cost of drilling and exploration, and finally they have no control over the stations their sell their product.
Hmmm, allow me to point out a few things. Concerning OPEC...they stated 6 months ago they were perfectly comfortable with oil at 70. Look where it is now, and where it is headed. The turmoil in the Middle East, specifically Libya. Really? Libya contributes less than 3% of the world supply of oil. OPEC laughs at that stating they are more than making up for that supply disruption. Little or no control over the stations that sell their gasoline? Really? I would be curious to know what Exxon/Mobil sells their product to these stations for, and what kind of profit margin they require. The huge cost of drilling and exploration? Really? Dont we the tax payers subsidize them billions of dollars every year to do just that?
And if things are so tough for Exxon/Mobil, how did they profit, yes profit 11 billion dollars in the first quarter of this year?
BOYCOTT EXXON/MOBIL NOW THROUGH JULY THE 4TH. ALTHOUGH WE DONT HAVE A CHOICE BUT TO BUY GASOLINE, WE DO HAVE A CHOICE OF WHO TO GIVE OUR MONEY TO.
Thats my idea of saving money. By cutting the profits of the biggest of the big, they will have to reduce their prices, then the others have no alternative but to follow

May 23 2011 at 8:12 AM Report abuse rate up rate down Reply
2012 Clark 2012

When your 3 or 4 or 5 blocks away from a green light also look at the blinking walk signs if they are blinking red then very slowly reduce your speed and let the other drivers speed around you to a red light.
If any other drivers get mad or flip you off give them a big smile and say THANK YOU.

May 23 2011 at 2:49 AM Report abuse rate up rate down Reply
catquick

1) Only drive downhill 2) Push your car 3) At red lights, sneak out and hook a tow chain to the driver in front 4) Huge sail on the roof for maximum fuel milage

May 23 2011 at 2:40 AM Report abuse +1 rate up rate down Reply