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July 05, 2021

How far are you willing to drive for cheaper gas?

Wal-Mart's core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried.

Gass So much so that world's biggest retailer is cutting gas prices by 10 cents a gallon for three months to help consumers worried about their spending amid a sputtering economy and busy summer travel season.

Customers visiting participating gas stations in 18 states through the end of September will receive a discount on all fuel, gas and diesel purchases when they use Wal-Mart branded cards.

All of which means, assuming you’re going to be down south anyway, you can save a bit on that fill up. Closer to home though, the discounts aren’t so great — often only a few cents.

Although gas prices are expensive everywhere, some stations do sell it for a bit less than others. But does it really pay to shop around a bit?

In a big city, with a variety of prices available at stations within a few miles and even blocks of each other, maybe. But it takes time.

Sites like GasBuddy.com and Ontariogasprices.com (or their smartphone apps) can help you avoid driving around checking out signs. Just punch in your postal code, and up comes the cheapest gas stations in your area.

And then there's always those Canadian Tire 6X coupons, of course. Or the occasional supermarket promotion.

Which begs the question: How far out of your way are you willing to drive for cheaper gas? Five kilometres? 10? More? And how much of a difference in price does it take to pique your interest?

Obviously, at some point the price of driving — or even convenience — outweighs the savings. Here’s a quick calculator (in gallons, however) that can help you figure things out.

How far are you willing to drive for cheaper gas? Do you just drive up to the pump? Or do points or loyalty take you to your local gas station?

By Gordon Powers, MSN Money

* Follow Gordon on Twitter here.

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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

James HaversJames Havers

James is the senior editor of MSN Money living in Toronto. He has worked for the Nikkei Shimbun (Tokyo), canoe.ca, AOL.ca, Canadian Business and other publications. Havers turned to journalism after teaching overseas.

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...