I read somewhere that over 90% of GA accidents were fuel related. My instructor always stressed having a lot more fuel than you will need and told me never to take off with under a quarter tanks even in the pattern. I do understand that different conditions IE: high DA, temp, and a short runway would dictate different actions but I always hand check and carry as much fuel as possible.
I read on the 150 site about a guy who flew a 150 acrossed the Atlantic with an approval from FAA to take off 500 lbs over gross. They had an L shaped tank made and took out the passenger seat. He flew to the Azores and filled up.
I am not suggesting anyone fly over gross but I don't go anywhere without having way too much fuel and sometimes that is hard to do in a 150.

This will not work with your standard 1/2 hr. reserve.