INSURANCE . RETIREMENT . INVESTMENTS
Owning a car has become a fundamental necessity in modern day living. No longer is owning a car a privilege of a few. When making this very important purchasing decision, many factors are considered including size, functionality, insurance coverage and maintenance cost, but how many of us stop to think about how much we actually spend on fuel. Let’s calculate it:
Average Annual Spend on Fuel = Cost to fill up X $ spent per week x 52 weeks
E.g. $200 x 2 x 52 = $20,800
Wow… $20,800. Never thought of it that way, did you? Here are 5 tips to improve you gas mileage:
Go easy on the gas
If you drive like a Formula 1 racer, this is not the best way to save on fuel. The faster you go the greater the drag the car will have to work against, resulting in higher fuel consumption. The same goes for stopping abruptly and sudden acceleration.
Watch the weight
Guilty? Why pay a moving truck when my things can fit in my car in a few trips? Unfortunately, doing this increases the weight of the vehicle which puts more stress on the engine, causing it to have to work harder and requiring more fuel.
Inflate tyres to the correct pressure
Check tyre pressure regularly, ideally every 2 weeks. Running on low tyre pressure increases the rolling resistance of tyres resulting in higher fuel consumption.
Refuel in the morning, not towards the end of day
Did you know that refueling early in the morning can save you a couple of dollars? Fuel storage tanks are buried deep underground. Early in the morning the ground is relatively cold, making the fuel dense.
Enjoy the wind in your hair
It is true that using your air conditioning can substantially lower fuel economy. It actually depends on when you are going to turn on the ac. If you are driving slowly, turn off the ac and roll down the windows, enjoy the wind in your hair. If you are driving fast, do the opposite.
You don’t have to go out and buy a hybrid car to save on gas. There is a lot that can be done to save on gas and save lots of money. Keep in mind that taking your car for regular servicing can save a lot of money. A car that doesn’t run at its optimum performance level can cost a lot in the long run.
What other tips do you use to increase your gas mileage?