Could you really be paying seven dollars a gallon for gas in the future? It sounds far-fetched, but some experts say, if the gas trends continue, it's a possibility. And if that happens, in terms of "mile per dollar", for a car that averages twenty miles per gallon, experts say it you would cost you nearly three dollars a mile to drive. So how would people pay for this?
A lot of people pay with plastic. But credit experts say that can actually get you in a lot of trouble. With gas prices so high right now, if you don't pay it off immediately, and let it pile up, you could be looking at a huge payment over time, with interest rates. Curtis Arnold, with cardratings.com says a lot of people fall into this trap, when they're in a crunch trying to pay for gas.
But he says there is a way to use credit to your advantage when paying for gas. He says gas rebate cards are growing extremely popular, and they can actually save you money at the pump.
"They're all the rage right now among consumers, because of high gas prices. But you can shave 3-5% off your gas bill by using these cards. The trick is, you have to use them in a savvy manner," Curtis Arnold with cardratings.com.
Arnold says to be savvy with a gas rebate card, be sure to pay your balance in fuel, and read fine print. Some cards, you can only use at certain stations, there are also could be expiration dates on them. But if you use it wisely, experts say right now it's a good option to ease the pain here at the pump.
ArkansasMatters.com - Seven Dollars a Gallon?