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This week, there has been a stabilization in oil and gas prices. Consumers should be prepared for a potential setback to their wallets. As per the Energy Information Administration, gas prices are predicted to go up by around $0.10 per gallon this summer. During the summer, gas prices will typically be at an average of $3.70 per gallon. This is due to the decreased refining capacity and the higher refining expenses. The refining capacity has decreased by approximately 7% over the past several years due to the age of these refineries, making it expensive to maintain them.
The impact of high gas prices on your wallet is bound to affect you if you drive frequently. There’s a way to decrease the amount of money you are spending on gas. Using a gas rewards credit card can help you save on high gas prices. Discounts on gas purchases are provided by various gas rewards credit cards. When you buy gas, you simply pay for your purchase with your gas rewards credit card. Each gas credit card offers its own unique rewards program. Read the fine print thoroughly and comprehend how to use the card to gain the most benefits. Keep in mind that certain cards may have a limit on how much you can spend and still get rewards.
Understanding the redemption options available is crucial. You can receive a statement credit in many instances, and it can be directly applied to your balance to decrease it. Welcome bonuses for new cardholders are offered by many rewards credit cards, and these bonuses can be used to reduce your balance or be deposited into your bank account. Here at CreditMonarch, we are here to help you find the credit card that suits you best. Below are our recommended gas rewards credit cards for you to choose from.
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