Extension financial expert shares tips to navigate high gas prices

John D. Anderson, Director of the University of Arkansas Cooperative Extension Service
John D. Anderson, Director of the University of Arkansas Cooperative Extension Service
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Arkansas drivers are facing higher gasoline prices, with the average cost for regular unleaded reaching $4.076 per gallon as of May 15, according to AAA. Laura Hendrix, extension associate professor of personal finance and consumer economics for the University of Arkansas Division of Agriculture, said some households may need to adjust their spending habits in response.

The increase in fuel costs has led many residents to reconsider their budgets. “Reducing other expenses can allow more income to be used to cover the cost of gas,” Hendrix said. “Sometimes it is necessary to adjust a spending plan to allow for uncontrollable changes in expenses. When gas prices return to normal, you can resume your regular spending habits.”

Hendrix offered several strategies for saving on fuel costs: monitoring speed, avoiding aggressive driving, using cruise control when possible, and limiting air conditioning use. She also recommended removing excess weight from vehicles and planning trips efficiently by combining errands or carpooling when possible.

“Eliminating ‘jackrabbit’ starts and stops can help improve gas mileage by 5 percent,” Hendrix said. She added that referring to a vehicle’s owner manual regarding octane levels could prevent unnecessary spending at the pump: “Don’t buy a more expensive octane level if your car doesn’t need it.” Hendrix also suggested considering energy-efficient vehicles such as electric or hybrid models if purchasing a new car.

The University of Arkansas Cooperative Extension Service operates across all 75 counties in Arkansas through county offices and research centers and aims to enhance agriculture, communities, and families through research-backed practices, according to the official website.

Hendrix encouraged Arkansans seeking additional guidance on money management or building financial security to visit the extension’s Personal Finance page or contact their local Cooperative Extension Service agent.



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