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Monday May 23, 2022

The gas card will actually add “more fuel to the fire”; There are other ways

Statewide-President Biden and other lawmakers are discussing the idea of ​​sending gas cards to Americans to reduce the pain at the gas pump. GasBuddy doesn’t think this is the best idea.

“It simply came to our notice then. The concern is that you are going to increase usage by reducing prices. This will further upset the balance of supply and demand situation that has brought us to where we are today, “said Patrick Dihan, head of Gasbody’s Petroleum Analysis.

Dihan says things like this and gas-free tax days may seem great, but it will actually delay the problem.

“I know politicians have good intentions and they are looking to help motorists, but it could actually add more fuel to the fire and eventually if consumers go there and consume petrol the price will go up because they probably will. If the government gives gas cards. “There’s going to be a tweak when prices go up. At the end of that gas tax holiday, they’re going to hit motorists again. Politicians just need to let the free market take its course,” Dehan said.

If you want to spend less on gas pumps, DeHaan says there are some things you can do.

“The easiest thing to do is to reduce your costs. It’s not a lot of fun, but it can save you money. It’s pretty incredible that you can get an increase in fuel efficiency if you go to say 60 miles per hour over the interstate. Slowing down on the road can increase the mileage you get per tank and reduce how often you have to refill your tank, ”Dehan said.

GasBuddy says the average price of gas in Indiana is 19 4.19 per gallon, up three cents from Monday.

Listen: Full interview with Dehan


The post GasBuddy: Gas card will actually add “more fuel to the fire”; There are other ways to save 93.1FM first appeared on WIBC.

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