What should gas prices be

Global demand for oil remains high, yet supply remains tight. Crude accounts for roughly half the price of gas. There are ways for drivers to save on gas. For starters, you can drive more gently, which can make your car's engine operate more efficiently, De Haan said. In other words, don't do things like speed or race from light to light. Additionally, shop around for the best price. When I'm not digging up the best ways to manage your money, I'm out traveling the world.

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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. GasBuddy makes money by selling customer data likes and dislikes to station operators, according to USA Today. Enroll in gas rewards programs.

Those with a favorite gas station chain can benefit from enrolling in its rewards program. These programs reward returning customers by providing discounts every time they fill up.

Take advantage of grocery store rewards programs. Numerous grocery store chains have loyalty programs that provide gas rewards.

Buy gas with a cash back credit card. Responsible credit card usage can reap rewards at the gas pump, too. For four days, attendees will be networking with industry experts, attending thought-provoking and empowering education sessions, and exploring a show floor with the latest merchandise for convenience and fuel retailing.

Engage in prerecorded and live learning experiences without committing your entire day to a program. Through an easy-to-use digital platform, expert content leaders share their knowledge and facilitate conversations in convenient learning sessions. By Jeff Lenard read. Historically, gas prices climb in the spring for a variety of reasons that include the switchover to summer-blend fuel. Then they decline in the fall due to reasons like decreasing demand for gas after the warm summer months. Gas prices have been rising and naturally drivers are upset.

There are 42 gallons in a barrel of oil, so every dollar increase in a barrel equates to about 2. Oil prices have gone up 48 cents per gallon in the past two months. There are several extenuating circumstances. First, August and September are the last two months of the year that require summer-blend fuel, which is more expensive to produce. This seasonal transition around Labor Day tends to lead to a gas price decrease of 5 to 10 cents per gallon. Second, retailer gross margins on fuels have become tighter, which happens when wholesale prices increase.

That percentage increases when gas prices go up as the price per gallon becomes a bigger topic in the news and on social media. People will drive further out of their way to save a few cents a gallon and retailers know that.

If retailers lose the gas customer, that is also a shopper who may not go inside the store to buy drinks or food. Most retailers will trade a few cents of margin to maintain steady customer traffic. According to the Oil Price Information Service, retail margins were Besides retail gross margins that average about 26 cents per gallon, there are other components in a gallon of gas.