Don’t Let Gas Prices Drain Your Budget—Here’s Help You Can Count On
- Author: Alex O'Connell
- Posted: 2024-12-06
Lately, it seems like gas prices are creeping higher every time you fill up.
From the Midwest to New York and even California, the rising costs are hitting drivers hard. But this isn’t just about gas—it’s part of a bigger problem: inflation.
Inflation makes everything more expensive, from groceries to utilities, and now fuel is adding even more pressure to already tight budgets.
The good news? You don’t have to face it alone.
There are government benefits and practical tips that can help you stretch your dollars further.
Why Are Prices So High?
Inflation increases the costs of goods and services across the board.
For gas, factors like supply chain disruptions, global oil prices, and local tax adjustments add to the challenge.
In states like New Jersey, new gas tax hikes are only making it harder, while California is bracing for even steeper costs next year due to stricter regulations.
How You Can Get Help
1. Cut Energy Costs with LIHEAP
Inflation affects more than gas—it’s driving up utility bills, too.
The Low-Income Home Energy Assistance Program (LIHEAP) offers financial help to cover energy costs, so you can redirect savings toward other essentials like fuel. Apply at LIHEAP.
2. Save on Groceries with SNAP
The Supplemental Nutrition Assistance Program (SNAP) is a lifeline for many families.
By covering food expenses, it can free up cash for transportation or other rising costs.
Learn more at Benefits.gov SNAP.
3. Boost Your Budget with EITC
If you’re working and earning a low to moderate income, the Earned Income Tax Credit (EITC) can provide a much-needed financial boost.
It’s worth checking if you qualify at IRS EITC.
4. Inflation Relief from Your State
Some states are offering inflation relief checks or rebates to offset rising living costs.
For example, California residents have already benefited from tax refunds aimed at combating inflation.
Check your state’s programs for similar opportunities.
Read: Inflation in Focus: How Americans Can Navigate Financial Uncertainty
Smart Ways to Manage Gas Prices
- Plan Your Trips: Combining errands into one trip can save time and fuel.
- Use Gas Price Apps: Apps like GasBuddy show the cheapest stations nearby.
- Take Advantage of Rewards Programs: Many gas stations offer loyalty programs for discounts and perks.
You’ve Got This
Rising gas prices and inflation might feel overwhelming, but there are resources and strategies to help lighten the load.
Programs like LIHEAP, SNAP, and the EITC are designed to provide real support during tough times.
Explore these options, take small steps to save where you can, and remember—help is out there.
For more assistance, visit Benefits.gov to see what you might qualify for.
Previous article: Holiday Spending Stays Strong Despite Inflation
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