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Optimal Finance Daily - Financial Independence and Money Advice

2289: How to Save on Gas - An Amazing 45% by Gordon Stein

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 29 April 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

Gordon Stein of Cash Flow Cookbook talks about how to save 45% on gas Episode 2289: How to Save on Gas - An Amazing 45% by Gordon Stein Gordon is an international personal finance speaker, author and blogger on a mission to help everyone attain financial wellness. North Americans are struggling with high levels of personal debt and higher levels of stress about money. Their financial worries affect their sleep, their job performance, their marriages and their mental health. He wants to fix that. The original post is located here: https://cashflowcookbook.com/save-on-gas/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Optimal Finance Daily, episode 2289.

0:04.4

How to Save on Gas, an amazing 45% by Gordon Stein of cashflowcookbook.com

0:11.7

And I'm your host and personal finance enthusiast, Diana Mariam.

0:15.9

This is the show where I serenade you with the sweet sounds of personal finance knowledge

0:20.4

from some of the best money blogs on the planet.

0:23.4

So with that, let's get right into today's reading and start optimizing your life.

0:31.0

How to Save on Gas, an amazing 45% by Gordon Stein of cashflowcookbook.com

0:40.2

Everyone is looking for a way to save on gas.

0:42.6

That's a big change in the last year.

0:45.2

Back in 2020, in the middle of the COVID calamity, the world appeared to be ending.

0:51.0

Everything was shuttered, traffic disappeared, with no demand, oil prices plunged and then dropped to negative values.

0:59.0

Oil storage tanks were filled to the brim and there was no place to store the stuff.

1:04.0

We never got to the point where gas stations were paying people to fill their cars, but we weren't far from it.

1:10.0

Since then, the COVID restrictions lifted and people started traveling.

1:15.0

The highways filled, oil demand returned.

1:19.0

Then Ukraine was invaded and global oil supplies dropped.

1:23.0

Prices soared and were all facing price pressure at the pumps.

1:27.0

Is there a way to really save on gas?

1:30.0

The usual approach is to save on gas.

1:34.0

Yes, you can get a gas loyalty card to save about 5 cents a gallon.

1:39.0

That's about 1.4%.

1:41.0

If you drive 15,000 miles and your vehicle gets 25 miles per gallon, you buy about 600 gallons a year.

...

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