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With gas prices getting closer and closer to $4.00, I’m sure we’d all like some tips on how to reduce fuel costs. So far the only sure fire method I’ve found is to ride public transportation whenever possible. And then of course there’s the option of just not going any where at all. But as YBPs we usually have places to go and people to see. So how can we ride around more cost efficiently? Well, CNNMoney has outlined a few tips and myths about fuel-saving.

Tips:

• Make sure your tires are properly inflated for starters. Besides posing a safety hazard, underinflated tires can reduce your fuel economy slightly, based on Edmunds.com’s 2005 study.
• Removing excess weight from your car can also help save you gas. The Department of Energy estimates that drivers can save anywhere between 3 and 6 cents a gallon (assuming gas prices of $2.97 a gallon) just by removing those golf clubs and other unnecessary weight from your trunk.
• If your car comes equipped with cruise control, make sure you use it, especially on long trips. Edmunds.com’s study revealed that using cruise control at highway speeds offered an average fuel economy savings of 7 percent.
• But the biggest fuel saver is driving the speed limit and driving sensibly. Rapid starts and stops and exceeding the speed limit will dent your pocketbook. Just by adhering to one of those, the Department of Energy estimates that drivers can save anywhere between 15 and 98 cents a gallon, again assuming pump prices are at $2.97 a gallon.

Myths:

• Gimmicks. There have been additives, special magnets and even a pill that has promised to improve a car’s fuel efficiency by as much as 30 percent in some cases. While the promise of stretching your gas dollars seems awfully lucrative, especially when they cost under $20, most of these products provide a negligible, if any, improvement in fuel efficiency, said Rik Paul, the automotive editor for the publication Consumer Reports.
• Turn the air-conditioning off. There’s the old story that leaving your windows rolled down creates an aerodynamic drag on your car, cutting down on fuel efficiency. And there’s the notion that the fastest way to drain your gas tank is by running your air conditioning. Don’t believe either one. In two separate studies conducted in 2005, the automotive Web site Edmunds.com and Consumer Reports compared the fuel economy of both a sedan and an SUV at highway speeds with and without air conditioning and how open windows affected gas usage.What they found was no significant difference in fuel economy in either sedan or SUV under either condition.
• Fill up on Wednesday.Some drivers insist the best time to buy gasoline is on a Wednesday, when pump prices have cooled from the weekend run-up when oil companies typically raise prices. That’s true to a point, says Tom Kloza, chief oil analyst at the Oil Price Information Service. Gas prices tend to be higher on the weekend, but there’s no ideal day of the week to purchase your gas. Geoff Sundstrom of the motorist organization AAA notes that gas prices fluctuate from day to day and are determined by gas station owners who look at a variety of factors including wholesale gasoline prices, competitors’ prices and food and drink sales if they have an attached convenience store. Drivers who want to bargain-hunt for inexpensive gas should instead check out Web sites like Gasbuddy.com, which allows consumers to find the cheapest gas in their area simply by entering their zip code.
• Restart your engine. It’s probably a myth that goes back to the days when cars were equipped with carburetors, but many drivers believe that starting up and turning off your car repeatedly is a fast way to drain your gas tank. But because of modern fuel-injection technology, drivers actually save gas by turning off their engine than letting their car needlessly idle, says Consumer Reports’ Paul. Granted it’s probably not sensible shutting down the engine every time you get stuck in traffic, but if it looks like you might be at the drive-thru for more than 30 seconds to a minute, it’s worth turning off your car, says Paul.

I was recently forwarded an email soliciting everyone on the internet to not buy gas on May 15th. Hope no one was counting on this one day boycott to work- it’s nothing but an urban legend. The premise behind this recycled message is inherently flawed, because consumers’ not buying gasoline on one particular day doesn’t affect oil companies at all. The “gas out” scheme doesn’t call upon people to use less gasoline, but simply to shift their date of purchase and buy gas a day earlier or later than they usually would. The very same amount of gasoline is sold either way, so oil companies don’t lose any money.

One last thing, if you want to save a dime or two, you can search for the cheapest gas price in your area on MSN Auto.