Gas price surge may fall back next week

Published: August 5, 2021 8:31 AM EDT
Updated: August 5, 2021 11:01 AM EDT

Gas prices are on the rise. In Lehigh Acres, the price jumped 10 cents within 24 hours, leaving it sitting around $3 per gallon Thursday, but relief might arrive next week.

Until then, here are three ways to save money on gas:

  • Sign up for a rewards program. You can download the 7-Eleven app, for instance, and save 11 cents per gallon for the first seven gas fill-ups.
  • Figure out which brand of gas you buy the most. Instead of going to random gas stations when you’re out of gas, go to the same station all the time to get the most out of a rewards program.
  • Be more fuel-efficient. This can be as simple as taking more weight out of your car and not flooring it at a green light.

“Making sure that your tires are properly inflated, even going a couple psi over,” are also helpful, said Jason Stretch, owner of Legendary Automotive. “You know, there’s less rolling resistance. That’s gonna help there. Something like a dirty air filter can rob 3% to 6% of your fuel economy.”

Inflation caused these prices to go up, but the good news is AAA says future prices are actually decreasing, which means that all of these gas price surges that we are seeing right now could come to an end and start to decline as soon as next week

“And the past couple of days, crude oil prices and gasoline futures prices have declined… which is actually great news,” said AAA spokesman Mark Jenkins. “So the increase we saw last week could actually be erased as the next week or two plays out, we’re just gonna have to wait and see how the market continues to digest new information.”

According to Jenkins, the main reason for the crude oil price decrease is concern over the delta variant of the coronavirus.