Rising gas prices force Americans to make cuts to other parts of their budget. “Over three-fifths (61%) of drivers said rising gas prices have moderately or significantly impacted their household’s ability to afford other expenses in the past month,” according to Numerator’s…
nsumers React to Rising Gas Prices. People are also cutting back on discretionary spending. “Seventy-three percent of drivers say that higher gas prices have resulted in them cutting spending from other categories, including dining out/takeout (43%), travel (30%), and entertainment (29%)
A quarter of drivers also cut spending on everyday items like groceries (28%) and household goods (24%),” the study showed. In addition, Americans are also changing their gas-buying habits. “Ninety-three percent of drivers are trying to save money on gas, resorting to using gas station loyalty programs or apps,” Numerator’s April report showed. The situation has driven more Costco customers to buy gas at the warehouse club, but one perk from 7-Eleven’s 7Rewards program could be an even better deal for customers. 7-Eleven has a price lock feature 7-Eleven’s 7Rewards program comes with a lot of gas rewards, but it’s more complicated to use than Costco’s gas pumps, which simply require a membership.
To join, you have to follow a few steps: – Text SAVE to 711711 for 25¢ OFF/gal on your next 3 fills – Sign up for7REWARDS and get 11¢ OFF/gal on your 7 fills If you download the 7-Eleven app, you also unlock the convenience-store chain’s Price Lock feature. This gives shoppers protection from rising gas prices. “Lock in a low fuel price in your area for 4 days in the 7-Eleven app. You’ll always get the best deal, even if prices drop,” the chain shared on its website.