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Nov 9, 2007

Oil Rising up everyday

Oil prices continue to shatter all previous records, climbing above $98 a barrel this morning in what many analysts say is a run up to $100.
As the price of crude rises, the cost of filling up at the pump is really starting to drain a lot of wallets.
Normally, gas pumps see the price per gallon drop in the fall, but this year that hasn't happened.

Here are some tips from the Federal Trade Commission on how to get more miles out of each gallon of gas and keep some dollars in your wallet.
Choose the right octane. For most cars, the recommended gas is regular octane. Using a higher octane gas than the manufacturer recommends offers no benefit, and it costs you at the pump. Unless your engine is knocking, buying higher octane gas is a waste of money.
Stay away from gas-savings gadgets. Be skeptical about any gadget promising to improve your mileage. The Environmental Protection Agency has tested more than 100 such devices -- including "mixture enhancers" and fuel line magnets -- and found that very few provided any benefits. Those that did work provided only a slight improvement. Some can even damage your engine.

Stay within the speed limit. Gas mileage decreases rapidly at speeds above 60 miles per hour.
Avoid unnecessary idling. It wastes fuel, costs you money and pollutes the air. Turn off the engine if you anticipate a wait.
Stop and start gently. You can improve in-town gas mileage by up to 5 percent by driving gently.

Use overdrive and cruise control. They improve fuel economy when you're driving on the highway.
Inflate your tires. Keeping your tires properly inflated and aligned can increase gas mileage up to 3 percent.
Keep your engine tuned. Tuning your engine can increase gas mileage by an average of 4 percent.
Change your oil. Clean oil reduces wear caused by friction between moving parts and removes harmful substances from the engine. Motor oil that says "Energy Conserving" on the performance symbol of the American Petroleum Institute contains friction-reducing additives that can improve fuel economy