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How to Soften the Oil Market’s Volatility


21 Aug 2007

Luckily the analysts have been wrong about the price of gasoline this summer. If you remember back in April everyone was worried that prices would be pushing $4 a gallon by the end of the summer. Now prices are as low as they were back in April!

What this really shows me is how volatile the oil and gasoline markets really are. One minute you think you’re going to have to start using your life savings to put gas in the tank, and the next minute prices are going down to at least manageable levels.

With so much volatility, what can you do to keep things reasonable? Well, you could consider several things, such as using a fuel saving gas additive, driving less, and doing a myriad of other tips that will help you to increase your car’s gas mileage.

Here is a summary of a few things you can do on a daily basis to keep your fuel costs down:

  1. Keep Tires Inflated to the Right Levels
    Some studies have shown that keeping your tires at the right pressure can increase you fuel mileage by as much as 3%. Check them often!
  2. Plan Trips in Advance
    Do you drive around aimlessly, just burning gas for the fun of it? Cruising and other leisurely driving activities should either be completely cut out or at least cut to a minimum.
  3. Lighten Your Car
    There is not need to drive around with heavy things in your call all the time during the summer. Lighten the load of your car and you can lighten the work the engine has to do.
  4. Use a Fuel Saving Gas Additive
    Do some research on the different gas additives on the market and see which one is best for you. Several of these products have been tested over time to improve your overall gas mileage.

The market will continue to be volatile. But there are things that you can do about it. Follow these tips and see how they help!

 

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