Is going the extra distance to get cheap gas worth it?
Bankrate has once again come up with another useful calculator. I’ve wondered from time to time if driving the extra 3 miles to the cheaper gas station was really worth it. There’s a gas station less than a mile from my house that’s always more expensive. The car I checked was a 2000 Dodge Intrepid. And here’s what the calculator had to say:
What is the capacity of your cars gas tank? 13
How many miles does your car get per gallon? 24
Gas station 1
How far is it to your primary gas station? 1 mile
What is the price of gas at your primary gas station? $4.45
Gas station 2
How far is it to your secondary gas station? 3 miles
What is the price of gas at your secondary gas station? $4.39
Net savings from traveling for gas: $0.41
So it looks like I AM saving money by driving the extra distance. I fill up once a week which turns into a $21.32 savings per year. It’s not much, but I don’t want to pay any more for gas than I have to. Check out my post on finding cheap gas in your area if you are not sure where to find it. It’s there, you just have to know where to look.
What about you? Give the calculator a try. Is driving that extra distance saving you any money?
