Will Walmart Put Rivals in Rearview Mirror With Gas Rollback?
Walmart announced on Monday the return of its Great Gas Rollback program, which allows customers using one of the chain’s gift cards, credit card or MoneyCard to save 15 cents a gallon on fuel purchases made at more than 1,000 Murphy or Walmart stores in 21 states through July 7.
"For every cent gas prices climb, consumers have $1 billion less to spend," said Gisel Ruiz, chief operating officer for Walmart U.S., in a statement. "Over the past two years, our Great Gas Rollback has saved customers more than $100 million."
Walmart is not alone in trying to capture customers with gas deals. H-E-B also announced on Monday that customers who purchase its gift card can save up to 12 cents a gallon at participating company gas stations in Texas. The program also runs through July 7.
Giant Eagle’s Fuelperks program allows shoppers to get a discount of 10 cents a gallon of gas at its GetGo stations for every $50 spent on groceries.
Costco members using its American Express card get three percent cash back on all gas bought at its clubs.
- Walmart Rings up the Savings with the Return of its Great Gas Rollback – Walmart Stores
- H-E-B launches gas savings program – WOAI
- Walmart offers 15-cent per gallon discount on gasoline – Cleveland Plain Dealer
- Walmart U.S. offers gasoline discount to woo shoppers – Reuters/Chicago Tribune
What effect will the Great Gas Rollback have on Walmart’s business and those of its competitors? Do you expect to see a significant increase or decrease in the numbers of retailers participating in gas discount programs in the years ahead?