(January 19, 2010) – Miami, Fla. — MoreGallons.com, a fixed price secured fuel savings program, officially launched its service to high quantity users of fuel at the 2010 International Consumer Electronic Show (CES) in Las Vegas, Jan. 7-10, 2010. At CES, MoreGallons announced its partnership with The Buying Group dba The Member Savings Program Inc. to offer its group members the ability to pre-purchase fuel and lock in at today’s prices.
High-quantity users of fuel, approximately 100 gallons or more per month, can protect themselves from the instability of fuel prices by locking in the current price for use at a later date. MoreGallons can be used in conjunction with fleet or gas credit cards. When fuel prices rise, members can simply redeem pre-purchased gallons, saving money on this unavoidable business expense.
“In light of today’s current economic climate and ever-changing gas prices, small to mid-sized businesses are in need of and looking for the best opportunities to control costs and save money,” said Steven Verona, founder and CEO of MoreGallons. “The day after CES, fuel prices continued to rise. By allowing users to pre-purchase fuel at the current prices, small to mid-sized companies can compete with larger corporations that have benefited from fleet fuel savings programs for years. We are helping to level the playing field.”
The process is simple. When signing up with MoreGallons, members pay an annual membership fee of $79 regardless of the size of their fleet. After joining, unleaded gas and diesel fuel can be pre-purchased in increments of 100 gallons, paying the current price for fuel to be credited to their accounts as a balance in gallons, for a 6 cent per gallon service fee.
Members purchase gas at the pump as they always have, typically with a credit card or fleet fuel card. When the monthly card bill arrives, the user can decide whether or not to cash in their pre-purchased fuel with MoreGallons. If they decide to use their pre-purchased fuel, customers simply complete an online form indicating the number of gallons they wish to cash in from their MoreGallons account and the money is electronically transferred to them within three business days to assist them in paying their card bill, minus a 3 cent per gallon service fee.
Member Savings Program group members can sign up for MoreGallons service through the MSP website and are eligible for 10 free gallons. “We continue to seek partnerships with leading companies that can provide our members with purchasing advantages and business solutions. MoreGallons provides our loyal member base the finest solution to combat volatile fuel prices,” said Mark Schiavone, CEO of Member Saving Program.
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