How to save money at the gasoline pumps 24x7
How would you like to track gasoline prices on your own and save money at the pump 24X7? There’s a way to determine how gasoline prices are trading in the futures markets so that you can predict what will be transpiring at the pumps. By making yourself more informed you can empower yourself and save alot of cash over your lifetime of commuting.
Two items that you’ll Need:
Step 1
Why
should you
inconvenience yourself
by tracking gasoline futures prices? You
should track these prices because it directly impacts you every
time you
fill up your
car at the
gas pump. The
futures prices are the
driving force behind the
prices at the
pump,
so if you
track these futures prices you’ll be ahead of the
game.
Step 2
How can you track gasoline futures?
Websites
like Bloomberg and CNN
Money both
have commodity futures pages where you are able to track these prices. The
prices are delayed by about 30 minutes or so.
On this same screen you’ll be able to also view the
prices of natural gas,
crude oil,
heating oil, and
other commodities.
I have included links to both
of these internet sites in the
resources below.
Step 3
How
long does it take for these changes to
hap at the
pump?
More often than not if gasoline futures trade significantly lower one day on the
market,
you can expect prices at the
pump to
move lower within 10 days or so.
Plan your
purchases accordingly and you
should be capable of saving some serious money at the
pumps.
Step 4
Why
is the
price of gasoline futures so different than the
cost at the
pump?
For instance, the
price of unleaded gasoline futures may be $
2.
50,
but the
price at the
pump may be $
3.
40. The
difference here is largely due to taxes.
In general it can be expected that the
average pump price should be somewhere between 70 and
90 cents above the
futures market price.
It takes a little time to show up at the pump
Posted via web from Easy Living Sherpa | Comment »
