Gas Prices: What Time Is the Best Time to Buy Gas?
Maybe this is a couple days late for anyone taking a road trip for Labor Day, but anyone who drives a car knows that gas prices are at brutal all-time highs. Do you feel sad every time you go to the pump? It’s so bad now I try my best to not look at my total as it’s ringing up. There’s nothing I can do about it, so I try to turn away from the crime that’s being committed upon me by OPEC and the 76 Gas Station.
Summer Gas Prices On the Rise
The average gas price of a gallon of unleaded regular gasoline has risen from $3.38 on July 1 to $3.73 on August 27. And in my neighborhood of San Diego it’s around $4.25!
But what most people don’t know, like how you should buy shorts in the fall and coats in the spring, is that there is a best time to buy gas.
Best Day and Time for Gas Prices
The people of the world who own gas stations may not want everyone to know this, but there is a best time of day and best day of week to buy gas. Now I know that there is some variance here, but morning time is when gas prices are the best. And it may not be for the reasons you’re thinking.
I’ve heard before that fuel is denser when cold. Therefore pumping gas in the morning would gain you denser “gallons” of gas—saving you money. While that theory is slightly true, it’s only going to slightly save you money on gas prices.
The real reason is because most gas station owners are doing their gas price homework in the mornings. Usually between 8AM-10AM. This is when they are checking out their competition’s prices. Then they raise their prices after 10AM. Sure, it is possible that gas prices could be lowered, but on average gas prices are lower in the early morning.
Similarly, Wednesday is the best day to pump fuel when gas prices are on the rise. This may not be true every single week, but gas prices typically climb as you get closer to the weekend as owners are trying to catch extra revenue from travelers and vacationers.
So when are gas prices going to be at their best? On the average, it’s the safest bet on a Wednesday morning.
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