Money Saving Tip: Buy your Gas from BP....

Aug. 9, 2010 - PRLog -- Andover, Massachusetts August 9th, 2010 – The Gulf Oil Rig explosion and subsequent oil leak has devastated the Gulf Coast Region for well over 100 days now. While efforts to seal the leak appear to be working finally, the long term damage to the coastal region is still unknown. Thousands lost their jobs and the future could be radically different for millions of Americans who depended on the Gulf of Mexico for a livelihood. As expected, the company responsible for the leak has been taking a beating both on Wall Street and on Main Street. Many Americans expressed their frustration and anger towards BP by boycotting their gas stations. BP certainly felt the impact, but local independent business owners who run the BP stations were more affected as they saw a drop in gasoline and convenience store sales. So what is BP doing to help these gas station owners? They are lowering the price of gas!
Today BP announced a series of discounts and allowances that are being offered to distributors of BP gasoline. These are the large wholesalers who then sell the gas to the local gas station owners. The goal of the program is for the distributors to pass along this discount to the station owners and then ultimately to the consumer. Outside analysis of the perks shows that distributors can see up to a 4 cent per gallon reduction while the consumer should see up to a 2 cent per gallon discount. While this may seem very low to most, if that 2 cent drop puts the BP price below its competitors then it will drive traffic up. For many BP station owners this good news comes after what has been a brutal summer. Reports from around the country indicate some stations saw drops of as much as 30% in operating revenue, mainly due to the oil spill and subsequent public outrage. Some stations even had to deal with protestors in front of their stations urging consumers to boycott BP. Hopefully with this proposal as well as the continued repair and cleanup of the Gulf Coast the independent station owners will see some relief and increased sales.

Preferred Financial Services is a debt reduction firm certified by the CFC (Center for Financial Certifications) and accredited by U.S.O.B.A. (United States Organizations for Bankruptcy Alternatives). Headquartered in Andover, Massachusetts, Preferred Financial Services has been a leader in the debt reduction industry since 2003. Preferred Financial Services has acquired some of the best experience in the industry over the past 7 years. In 2009 alone Preferred Financial Services reduced over $16.5 million worth of consumer debt for just $6.4 million, for a savings of about 60%- and over 2,900 accounts were settled on behalf of their clients.

Readers, did you boycott BP because of the oil spill? Have you noticed any drops in price recently?

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Contact:
Stephan Tavernini
Marketing Coordinator
Certified IAPDA Debt Arbitrator
Preferred Financial Services
stavernini@pfs1.net

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Preferred Financial Services is the leading voice in the debt settlement industry. PFS has worked with hundreds of creditors to help negotiate realistic goals for those drowning credit card debt.