Gas prices just hit a new record high. Here are a few ways to save

As the summer time driving season nears, gasoline charges display no signs of slowing down.

The nationwide normal for unleaded fuel strike a new high of $4.59 for every gallon Thursday, according to AAA. For the to start with time at any time, the average cost was $4 per gallon or above in all 50 states this 7 days, AAA data demonstrates. Last year at this time, the selling price was $3.04 for every gallon.

Soaring rates for crude oil are largely to blame, the automotive team claimed. “The large price of oil, the critical component in gasoline, is driving these superior pump rates for people,” Andrew Gross, a spokesperson for AAA, said in a statement. 

How to preserve on gasoline

If you are nevertheless arranging to strike the highway, there are ways to shield on your own relatively from soaring rates at the pump. Buyer discounts expert Andrea Woroch has these strategies:

  • Track gasoline prices. Apps these types of as GasBuddy, Gasoline Guru and AAA TripTik can track down the most affordable selling price per gallon among gasoline charges. Even if the variation does not seem to be like substantially, it can continue to increase up to hundreds of pounds a year.
  • Spend with income. The price for every gallon can be 10 cents to 15 cents a lot more for every gallon for credit rating card transactions. Shell out with money instead to get the lower price tag or use a fuel benefits credit rating card to generate cash again on all those costs. CNBC’s Select has a full roundup of the greatest playing cards for fueling up centered on your customer routines.
  • Travel strategically. Carpooling to and from do the job and university or sports activities apply can dramatically decrease your time on the road. You can even discover journey shares utilizing web-sites these as ZimRide, RideJoy or, Woroch encouraged. Also, buy on line and look for free of charge shipping to slash the charge of obtaining groceries, takeout and other daily necessities.
  • Sign up for loyalty courses. In addition, loyalty plans, which many major fuel station chains have, can aid offset the price tag at the pump. Some grocery shop chains may well also give cents-for every-gallon rewards. For instance, Kroger and Store & Halt give gasoline factors for each $1 invested on groceries, which can be redeemed at taking part gasoline stations. 

Subscribe to CNBC on YouTube.