COST EFFICIENT FILLING UP FOR GAS 5: Average down on your cost of gas
With the price of gas going up on a week-to-week basis (Energy Inforation Administration), it is good economic practice not to go below half a tank on your gas. This way, you will always have half of your gas at the lower price of the past week and will be spending gas at a price lower than the current higher price.
One other way is through prepaid gas (detail’s in Miranda Marquit’s Yielding Wealth). However, you have to figure out if, with the fees you have to pay to open & maintain an account, you are still below the increase in gas prices. Your being able to stay below the increases will depend on your rate of consumption (i.e., miles per gallon), the capacity of your gas tank, and the rate of increase in gas prices.
graphics by Ren Garcia
Tags: Bush administration, crude oil prices, Energy Information Administration, gas distribution & marketing, gas face, gas prices, oil refining, saving on gas dollars, taxes on gasRelated Stories
POSTED IN: Accounting Concepts, Accounting for NonAccountants, Best Business Practices, Personal / Household Finance, Small Business Finance
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