Nashville gas prices don’t matter, that’s right they don’t matter. The title may seem a little provocative, but that is exactly the point. It is time that we think about Nashville gas prices in a different way.
Ever since the price of gas started making its climb beyond about two dollars a gallon, America has become transfixed with monitoring what the price of gas is at any given time. This is probably not that surprising when you consider how often the average person has to fill up their gas tank. There are even websites set up to directly monitor gas price flucuations as they happen. However, I argue that this obsession with gas prices is really just a way to get ourselves distracted and off track from the things we really need to be focusing on in personal finance.
The reason why Nashville gas prices don’t matter is simple, it is because the impact of even a ten cent drop in the price of gas will hardly save you any money at all. When you consider the fact that your car might only hold 15-20 gallons of gas at the most (unless you have a truck), you can do the math on this to see that it is not that important. Even on a twenty gallon tank, you are only saving two dollars per fill up at the tank.
Now, there are always some that will say that every dollar is important to save, and I could not agree more. My main issue with looking for cheap gas prices is that you are not spending as much time looking for quality prices elsewhere. What good does two dollars in savings on gas do for you when you use that gas to go buy fast food? Right there, you have given away your two dollars worth of savings and more to the fast food company. Fast food is just one example, it could be coffee, the movies, or whatever.
In Nashville, with the ability to be able to walk or use mass transit to get to most places that we would really need to be, the importance of Nashville gas prices is deminished even more. An argument might be able to be made for those in more rural areas monitoring gas prices more carefully, but those in the city have no need for this.
In summary, it is only fair to say that Nashville gas prices matter when the price move is dramatic. The years that had us moving from two dollar gas to four dollar gas were indeed important. However, the penny to penny moves that we see in Nashville gas prices could not matter less. You need to instead focus that energy that you would be using to look for cheap gas to instead try to find savings in other areas.