There are actually quite a few ways you can cut your monthly car spending, and finding the cheapest fuel is certainly one.
After your mortgage/rent and food shopping, car running costs are likely to be one of your biggest monthly spending commitments. So anything you can do to cut costs and put this money into savings will have a major long term benefit on your future wealth.
Fuel is certainly the more regular expense when it comes to running a car, but before we discuss how best to find the cheapest petrol there are some other ways you can save money.
Reducing the cost of running your car
These savings tips involve changes to your driving style and maintenance of your car.
Try a few of these cost saving tips and then finding the cheapest fuel will be the icing on the cake.
- Reduce the weight of your vehicle, take out anything you don’t need.
- Keep your tyres inflated to the recommended pressure.
- Don’t fill up to the max. Fill up little and often.
- Accelerate gradually and get into a higher gear earlier.
- Don’t break too hard.
Most of these tips are based around weight. The heavier your car the more power/fuel will be used to move it, and this means not getting enough miles for your money!
How to find the cheapest fuel
If you are like most people you probably buy your fuel where it is convenient. On the way home from work or at your supermarket when finishing the shopping.
But did you know there can be a massive difference in the price of fuel depending on where you buy it from.
What’s great, is that there are ways you can search online for the best stations to buy the cheapest fuel.
#1 – PetrolPrices.com
In order to use the site you will need to sign up for a free account which is a bit annoying but according to Money Saving Expert, it does cover the largest range of petrol stations.
The free account lets you do 100 searches per month which should be enough I reckon!
You enter your postcode and how far you are prepared to travel and it will rank the cheapest fuel by station.
#2 – Confused.com
If you can’t be bothered with the sign up then try Confused.com. It will also allow you to enter your postcode and it will tell you where the cheapest fuel is. You will need to create an account to see others.
The free account gives you 20 searches per week.
Is there much of a difference in fuel prices?
As at the 22nd November Confused.com confirmed that the difference between the highest fuel price and the cheapest fuel price was 40.3p per litre for unleaded.
But remember don’t go out of you way to get the cheapest fuel, that means wasting the savings you make on the extra miles you spend driving! Best to find a cheap station that is convenient for you and is on the way to somewhere else you would normally go.