AARP Hearing Center
Drivers who have visited the gas pump in recent days are probably seeking relief for their wallets. Gas prices have surged in the wake of the conflict with Iran, with the average price per gallon hitting $3.578 on March 11, up from $2.937 just a month ago, according to the American Automobile Association (AAA).
The spike stems from the fighting in the Middle East, which is limiting oil and gas shipments from the Persian Gulf. The international benchmark Brent Crude recently jumped to more than $100 a barrel, its highest level since Russia’s 2022 invasion of Ukraine.
“The thing that made this different from past skirmishes or wars in the region was the fact that Iran lashed out at ostensibly friendly neighbors,” says Tom Kloza, chief oil analyst at Gulf Oil, referring to attacks on Kuwait, the United Arab Emirates and Saudi Arabia. “In the Persian Gulf region, there’s about 7.5 million barrels a day of refining capacity. The fact that that has been threatened, that’s the game changer.”
If the conflict drags on, gas prices could soar even higher in the coming weeks and months, industry analysts say.
How much pain you feel at the pump depends, in part, on where you live. The West Coast tends to see higher gas prices, while places near the Gulf Coast see the lowest.
The rise in gas prices comes at a time when many older adults’ wallets are already stretched thin by rising grocery expenses, surging utility costs, and insurance rate hikes that are outpacing inflation. But whether you’re traveling, commuting or simply relying on your car to go about your day, there are steps you can take to save at the pump.
1. Sign up for loyalty programs
Many gas stations offer free loyalty programs that allow customers to save with every fill-up. Shell’s program offers up to 10 cents off per gallon, Exxon Mobil’s lets customers earn at least 3 cents per gallon in points and 7-Eleven loyalty members save at least 5 cents per gallon. There are sign-up perks too: At the time of this writing, Chevron is offering 25 cents off per gallon on your next five visits to the gas station, just for joining the program.
Some grocery chains, such as Giant, Hy-Vee and Tops, also offer gas rewards. For instance, the loyalty program for the Kroger’s network of grocery stores — which includes Dillons, Fred Meyer and Mariano’s, among other supermarkets — lets you earn one fuel point per dollar spent on groceries. Every 100 points gets you 10 cents off per gallon. AARP members can earn extra points at Exxon or Mobil stations on everyday purchases like fuel, car washes and convenience store items when they link their Exxon Mobil Rewards+ account to their AARP membership. Members can also get Complimentary Gold Status at Shell — including savings of at least 5 cents per gallon at participating Shell stations when they link their Fuel Rewards account to their AARP membership.
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