Whether you love taking road trips or just commute to work every day, vehicle expenses can be a significant cost, especially when it comes to the cost of gasoline. To save money, it’s important to find ways to minimize your fuel expenses. One way to do this is by figuring out the best times to purchase gas. While several factors can influence gas prices, there are general patterns that you can consider. For instance, gas prices tend to be higher on long holiday weekends when more people are driving.
It’s also important to note that gas prices can be affected by things like weather conditions, global events, and oil production, according to the U.S. Department of Energy. For instance, if there is a hurricane or other severe weather conditions in an area where oil production is high, gas prices may go up. Similarly, if there is political unrest or a conflict in a region where oil is produced, gas prices may also increase. However, while gas prices can vary for numerous reasons, there are certain days of the week when you can expect to save or spend a little more. By being mindful of these patterns, you can decrease your fuel expenses and save money in the long run.
Weekly gas price trends (and how to maximize your fuel savings)
Gas stations tend to raise prices during the weekend when more people are traveling and lower them during the weekdays when fewer people are on the road. According to a 2022 report published by GasBuddy, a free app that helps users find the best gas prices in their area, the best day to buy gas is Monday. On average, gas prices are the lowest on Mondays in most of the United States because gas stations tend to lower their prices to attract customers who are starting their workweek. Sunday afternoons are the next best days to fill ‘er up. Fridays are also a good day to buy gas because prices tend to be lower than other days of the week, particularly in the morning.
Gas stations often increase their prices midweek, with Thursdays being the most expensive on average, followed by Wednesdays. This is because they’re making up for the lower prices offered earlier in the week or trying to take advantage of the higher demand during the weekend. However, it’s important to note that prices may vary depending on where you live. Moreover, there are other steps you can take to spend less money on gas, including using gas price tracking apps, participating in gas station loyalty programs that offer discounts, cashback, and other rewards, and performing regular car maintenance (which can help increase your car’s fuel efficiency).
