Many consumers are feeling pain in their pocketbooks every time they head to a gas station to pump gas. According to AAA, the average retail gas price is currently over $4.50 a gallon, about $1.50 a gallon more than this time last year. That's making Memorial Day travel plans much more expensive for the estimated 36.2 million Americans hitting the road this weekend, an 8.3% increase in travelers from last year.
However, there are ways to lessen the sting of high gas prices. For example, several techniques can help save money at the pump as gas prices rise . Another strategy is to earn income from gasoline demand to help offset your gas spending. One way to do that is by investing in Getty Realty (NYSE: GTY) , a real estate investment trust ( REIT ) that owns gas stations and other auto-related real estate. Its dividend, currently yielding nearly 6%, could go a long way toward offsetting higher gas prices.
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This 6%-Yielding Dividend Stock Could Help Offset the Sting of High Gas Prices