Concept: Use the Internet to find the cheapest gas stations by having a loyal base of users enter in the prices that they see. By knowing where the lowest price gas is available, you can save money. You can use services such as Gas Buddy or MSN Auto Gas Prices
Will You Save Money?: Yes**
Comments: The Internet has made it quite easy to find the cheapest gas prices in your area. This means that you can avoid driving around looking for the cheapest price which can cost a lot of money as you search. Knowing exactly where the least expensive gas is available will make it much more likely that you get the best price since gas station prices can fluctuate quite a bit even on a daily basis. Just becasue a gas station has the cheapest price, however, doesn’t automatically mean that you should use it. Here are some other factors to consider:
**Purchasing gas at the least expensive gas station may give you the feeling that you are saving money, but if you’re driving across town to save a few pennies a gallon on gas, you’re likely losing money. The American Automobile Association estimated that it costs 56.1 cents a mile to drive a car in 2005. That means that if you drive even a mile or two outside your normal driving route to save a few pennies on gas, you will actually be losing money. To avoid losing money when you think you are saving it, you should look for those gas stations that offer the best price which are along the routes you normally drive.
**Most people look for gas stations with good prices in the area surrounding their house. There are, however, other areas in your city that you should search for cheaper gas. It makes sense to check gas prices near your work, where you shop for groceries, near your workout gym or any other place where you drive on a regular basis. If you find a gas station with lower prices on your normal route (even if it is not close to your house), you can still save money.