Value Forum
MNV
Market News Video
MNV MNV Model Portfolios
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

HMC Crosses Above Key Moving Average Level
Tuesday, August 21, 11:21 AM ET, by Market News Video Staff

In trading on Tuesday, shares of Honda Motor Co., Ltd. (HMC) crossed above their 200 ...

Vanguard MSCI Pacific ETF Experiences Big Outflow
Tuesday, September 11, 12:10 PM ET, by Market News Video Staff

Symbols mentioned in this story: VPL, TM, WBK, MTU Exchange traded funds (ETFs) trade just ...

Honda Motor Co., Ltd. (HMC) Shares Cross Above 200 DMA
Wednesday, September 12, 11:20 AM ET, by Market News Video Staff

In trading on Wednesday, shares of Honda Motor Co., Ltd. (HMC) crossed above their 200 ...

12 Ways To Save At The Gas Pump
Friday, September 21, 4:35 PM ET, by Market News Video Staff

As we go to press, filling up your vehicles tank is running around $3.85 per ...

Honda Motor Co., Ltd. Enters Oversold Territory (HMC)
Thursday, October 4, 11:37 AM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

  More articles:  1 2 3 4 5 6 7 next »

12 Ways To Save At The Gas Pump

By Market News Video Staff, Friday, September 21, 4:35 PM ET

As we go to press, filling up your vehicle’s tank is running around $3.85 per gallon. That pretty much puts a crimp in leisurely weekend driving. And it’s putting a crimp in solo driving -- according to a report this week by USA Today, the number of workers driving to work alone dropped from 2010 to 2011 and at the same time commutes on public transportation rose nationally. (New York, the country’s leader in mass transit use, had an almost 2% jump with about one-third of residents in that metro area using public transportation.)

Whether you’re in a car pool, driving the kids to soccer games or getting to work, there are tried and true ways to cut costs. Here are 12 of them.

Check the gauge. Be aware of the amount of gas in your tank. When it's half full, begin looking for a station. This gives you time to comparison shop.

$TIP: Check prices at: www.gaspricewatch.com and www.gasbuddy.com.

Gas Buddy also has a free app that uses your device’s GPS to locate the nearest gas stations (US and Canada only) and shows what users are reporting as current prices. Click on a station you’ll get Google map directions from your present location. Formats: Apple, Android, BlackBerry.

Don’t be octane crazy. An estimated 40 million drivers buy a high octane, high cost fuel that’s not really necessary. Read your owner’s manual to see what grade your model requires. Keep in mind, however, that if the engine knocks or rattles, it probably needs a higher octane fuel.

Note: Octane doesn’t determine the quality of gas but rather how difficult it is to ignite. Regular (about 87 octane) is the cheapest while premium (91 to 93 octane) is always the most expensive.

Forget idling. If you’re going to be at a standstill for more than a minute, turn off the engine. Idling not only consumes ½ to 1 gallon of gas per hour, it also wastes more gas than restarting the engine.

Get a tune-up. Before any long distance trip, check the oil, transmission and spark plugs. And, change the air filters at least twice a year.

Note: According to the U.S. Department of Energy and Environmental Protection Agency you can boost your gas mileage by using the manufacturer's recommended grade of motor oil. Motor oil that says "Energy Conserving" on the performance symbol of the American Petroleum Institute contains friction-reducing additives that can improve fuel economy.

Kick your tires. For every 3 pounds your tires are below their recommended pressure, your fuel economy drops by about 1%. That’s because under-inflated tires require more energy (thus more gas) to turn.

$TIP: The correct pressure is given in the owner’s manual or on a piece of paper on the driver’s doorjamb. Do not use the pressure printed on the tire’s sidewall. That merely states how much the tire will safely hold and is unrelated to routine use. And, do your check after the car has been standing overnight. You’ll get an accurate reading when the tires are cold.

Roll down the windows. If you’re doing short trips around town, turn off the AC and open the windows. AC is a great guzzler of fuel. And, always carry a sunshade for your windshield. Get it out on hot days when you’re forced to park in the sun.

Map your route in advance. This will keep to a minimum the number of times you have to drive around asking for directions. Avoid driving in morning and evening rush hours if at all possible. You’ll minimize both gas consumption and temper tantrums!

Pick you model. If you have a choice when renting a car, go with the model that gets the best mileage. Although the list changes periodically, Honda (NYSE:HMC), Toyota (NYSE:TM) and Hyundai (KRW) models are generally at the top along with Nissan’s Sentra (NSANY). The gas guzzling champ is usually a Ferrari.

$TIP: To compare the latest fuel economy stats among new and used cars and trucks, go to: www.fueleconomy.gov. And for reviews of these models: www.edmunds.com.

Use cruise control. Not only will you cut down on gas consumption, you’ll get fewer speeding tickets.

Pick you road. Try to avoid two-lane roads where you’ll encounter a long string of stoplights.

Slow down. The faster you drive, the more gas you use. If you drive 70 mph instead of 55, you will lose 17% of your car’s fuel economy.

Rule of thumb: According to www.FuelEconomy.gov, each 5 mph you drive over 60 is like paying an additional 24 cents per gallon for gas.

Pay cash. You’ll find that the independents sometimes offer cheaper gas for cash – that way they avoid paying a credit card company’s fee.

When using a credit card, make sure it’s one that offers cash back on gasoline purchases. Some offer 2% to 5% rebates, but read the fine print to know about fees and various charges.

For Further Information:

* FTC: www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt064.htm.

* American Automobile Association: www.aaa.com.

Stay tuned…12 more tips next week.

Find the right mix of model portfolios today at PortfolioChannel.com


Top Six Most Viewed Stories This Week @ Market News Video:
Daily Wrap:  May 10, 2013Daily Wrap: May 10, 2013
Channel: Large Cap Stocks
Related symbols: MT,PCLN,GPS
Daily Dividend Report:  CRI, WM, CHRW, NVDA, CBIDaily Dividend Report: CRI, WM, CHRW, NVDA, CBI
Channel: Daily Dividend Report
Related symbols: CRI,WM,CHRW,NVDA,CBI
Daily Dividend Report:  MAR, LEG, ORI, OFC, RNDYDaily Dividend Report: MAR, LEG, ORI, OFC, RNDY
Channel: Daily Dividend Report
Related symbols: MAR,LEG,ORI,OFC,RNDY
Analyst Moves:  RIG, APC, BSXAnalyst Moves: RIG, APC, BSX
Channel: Upgrades/Downgrades
Related symbols: RIG,APC,BSX,CS,JEF,WFC
Analyst Moves:  DISH, MDR, PCLNAnalyst Moves: DISH, MDR, PCLN
Channel: Upgrades/Downgrades
Related symbols: DISH,MDR,PCLN,WFC
Daily Wrap:  May 9, 2013Daily Wrap: May 9, 2013
Channel: Large Cap Stocks
Related symbols: DISH,ZUMZ,ROST

This Article's Word Cloud:   According   American   Check   Energy   Note   That   about   always   around   card   cash   consumption   credit   crimp   directions   down   drive   driving   economy   engine   fuel   gallon   grade   have   high   long   manual   mileage   model   more   much   number   octane   offer   only   owner   paying   pressure   than   that   tires   transportation   turn   using   week   when   will   windows   with   your
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use & Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  Econonomic News  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Stock Market Definitions
MNV

12 Ways To Save At The Gas Pump | Market News Video | Copyright © 2008 - 2013, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.