Gas prices fluctuate throughout the year. In the heavy travel months of the summer, prices are typically higher than during the winter. However, this changes during the holiday season, as prices rise along with demand during holiday travel. As a general rule, however, the best day and time of the week to buy gas is Wednesday between 10 a.m. and noon.
Why Wednesday Morning?
Many people assume that the best time of day to buy gas is in the morning, due to the fact that gas is most dense during the coolest part of the day. While this is true, the savings are typically minimal. The reason behind the Wednesday dip in pricing is simple: competition. Gas stations typically raise their prices for weekends, especially holiday weekends, to take advantage of weekend travelers. By Wednesday, the managers have had three days to ratchet down their prices before raising them again for the next weekend, according to GasPriceWatch.com. If they are going to change their price based on nearby competitors, they will check out their rivals before 10 a.m., then change the price between 10 a.m. and noon, according to Time magazine.
- Kenishirotie/iStock/Getty Images