BREAKING NEWS

Petrofix

May 14 2009, Published 10:24 a.m. ET

Link to FacebookShare to TwitterShare to Email

I swear, this company should hire William Shatner:”Name your own price for Gas, wimp!” This is how the new name-your-own-price-for-gas service works:

•    Consumers can sign up with Petrofix for limited periods, such as three months at a time, to cap their gas prices.

•    Drivers that use Petrofix can go to any gas station they want and put in any grade of gasoline at the set rate they signed up for.

Article continues below advertisement

Right now, Petrofix is the only Internet provider of gas price caps for consumers or small businesses. It’s a quick online process. Pay outs are quick, paid to either to your credit card or they’ll send out a check. Plans start below 25 cents per gallon and plans range from 3 months to 2 years.

Wonder how they’re going to make money? We did too. One of the company’s reps explained:

“Petrofix makes money by utilizing the fees from customers to buy large quantity of wholesale gasoline and retaining a small profit. If gas prices rise, they pass along the savings to the customers.”

Curious to see if people guzzle up.

Advertisement

DAILY. BREAKING. CELEBRITY NEWS. ALL FREE.

© Copyright 2022 Radar Media Group LLC. RADAR and RADARONLINE are registered trademarks. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. People may receive compensation for some links to products and services. Offers may be subject to change without notice.