I'm a frugal guy, have been for at least 15 years now. I'm also an owner of a Ford Fusion and witness gas price spikes frequently.
Gas prices are rising rapidly and are intense nail bitters. Because prices have shot up like a rocket into space since Russia invaded Ukraine on February 20, 2022, as a thrifter, saving a dollar is top priority. There is a clever, obvious but overlooked way of potentially keeping more money in your pocket when it comes to fluctuating high gas prices. Taking a step towards this article's money saving suggestion can put you slightly ahead of the pack.
If you'd like cheaper gas, you'll need to own multiple gas cans and fill them with fuel from your favorite gas station. Determining the rate at which gas has risen, especially after February 28th; you can predict potential outrageous future rises. Depending on how much you've driven, the fuel life while being stored in gas cans can extend far enough to be put to use at its full strength. Check out some of these various sized, styled gas cans to add to your collection. Customers have had plenty of positive comments about their reliability.
Click HERE for an Amazon search of over 100 gas cans to choose from. I recommend the Scepter USA 6792 Duramax. I'm a fan of its pumping system that eliminates spills and overflows; pumping gas is a lot less messy. It's a 14-gallon container; my car holds 16.5 gallons of gas. Keeping six of these cans handy can nearly fill my car up six times.
According to ycharts.com, on February 28, 2022, the national gas price was listed at $3.70 per gallon. On March 7th, gas prices rapidly shot up to $4.19. That's a shocking 49 cent rise in just seven days. This rise was the highest spike for gas per gallon in 20 years for a one-week span. If you thought March 7th's gas price was a heart attack, although not quite 49 cents but, in just the following week, March 7th to March 14th, gas went up from $4.19 to $4.41. The rate of rise for both weeks following the Russian invasion of Ukraine has been a bald spot (stressful) for Americans and we can only anticipate prices to continue to rise in the weeks to come.
My Ford Fusion gets 23 miles per gallon in the city and 34 on the Highway, while the national average for driving per day is 39 miles per day. With a 16.5 gallon tank, I'm able to drive 379 miles on a full tank in the city and 561 miles on the highway. Based on these numbers, a full tank of gas can last me nearly ten days in the city and nearly 14 days on the highway.
With six 14 gallon gas cans, I can fill up my tank five times on the highway, where I drive more often. If my tank allows me two weeks before going empty, I can dodge those weekly 22 - 49 cent weekly extreme gas price jumps for two months and two weeks. Just imagine how much you'll save with six 14 gallon gas cans?
The national average of regular gas per gallon is now $4.31. So, to fill up my Ford Fusion, it will cost me about $71. Now experts predict gas prices to rise to $5 due to the Ukraine situation. When? Not sure but likely during the warm weather of spring or summer. We have to be prepared. But if you thought $5 was a heart attack, experts predict gas to rise even higher, as high as $5.84 per gallon.
Business Insider suggests that oil barrels can reach as high as $200 due to U.S.'s ban on crude oil from Russia, and if Europe bans oil from Russia as well. Oil demand will increase yet again. Cruel oil makes up about 50- 70% of the price of gasoline. On March 8th, an oil barrel cost the U.S. $130 per barrel.
As the war between Russia and Ukraine continue, we as consumers have to take proper precaution to protect our frugal nature. Experts predict a future gas spike to $5.74 per gallon in the months to come. But no one really knows what turn this war will take that could have a big enough impact on the prices we pay at the gas pump that can lead us to riding a bicycle or catching the Metro. No prediction is really off of the table, not even seeing gas prices rise as high as $10 per gallon.
How long is the shelf life of gasoline?
Is it safe to store gas cans in the trunk of your car?
The proper way to store gas cans in a car's trunk is to first only fill cans with gas at 95% of the capacity. Because heat expands gas, you'll need to leave some room for it to do so to avoid swelling and potential leakage from a possible explosion. Secondly, secure cans to avoid moving. If an accident occurs, at 35 mph, cans can fly and cause damage. The vapors of the gas, if released, can cause an explosion if introduced to a fire.
I wouldn't recommend keeping gas cans with fuel in them in the trunk of your car. Approved gas cans by DOT are designed to vent fuel vapors in high temperatures. Be careful.
How to pay for gas while sitting in your car
At participating Exxon and Mobile gas stations, Alexa will pay for gas (if you ask her to do so) as you're patiently waiting in your car. Click here for more details on how to make Alexa pay for your gas at the pump. Sometimes paying for gas while outside in freezing temperatures can feel deadly. Do what's best for your health.
With gas prices through the roof, and steadily climbing, our pockets are taking a huge hit. As thrifters, we must find a way to overcome. Not only will storing gas provide a benefit by gaining us gas when the rest of the world may not have any but it can provide us gas at prices when fuel was much lower in price per gallon.
Storing gas cans filled with gas will gain us future fill-ups at lower gas prices. Being frugal is a full-time job. And with this gas can plan of attack on drastic gas price spikes, we are continuing to do good work to keep more money in our pockets. There is no sign of gas prices lowering anytime soon; we cannot fall victim to despair. Stock up on gas cans, go to your favorite local gas station, and get busy with the gas gun.