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Michael
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Gas Thoughts

Postby Michael » Wed Sep 17, 2014 1:52 pm

I mainly buy ExxonMobil gas.

Normally, I use AMEX BCP for gas - 3% any gas, any time, no hassles or work.

The Mobil station where I live has some new software upgrade that will be nationwide. It benefits those who use the ExxonMobil proprietary smart (gas) card. It is 6 cents a gallon off at the pump if you use the ExxonMobil card, plus another 6 cents per gallon off at the pump on Saturdays if you use a Speedpass linked to the ExxonMobil card. That's 12 cents a gallon off. Gas is about $3.69 a gallon where I live, so that's better than AMEX's 3%.

I already have the ExxonMobil card.

Under these circumstances, it is worth using it for Mobil gas instead of AMEX? Their gas is usually competitive with competing brands like Shell or BP.


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Postby MB131174 » Wed Sep 17, 2014 2:11 pm

Michael wrote:I mainly buy ExxonMobil gas.

Normally, I use AMEX BCP for gas - 3% any gas, any time, no hassles or work.

The Mobil station where I live has some new software upgrade that will be nationwide. It benefits those who use the ExxonMobil proprietary smart (gas) card. It is 6 cents a gallon off at the pump if you use the ExxonMobil card, plus another 6 cents per gallon off at the pump on Saturdays if you use a Speedpass linked to the ExxonMobil card. That's 12 cents a gallon off. Gas is about $3.69 a gallon where I live, so that's better than AMEX's 3%.

I already have the ExxonMobil card.

Under these circumstances, it is worth using it for Mobil gas instead of AMEX? Their gas is usually competitive with competing brands like Shell or BP.


3% of $3.69 is just slightly over 11 cents. Not sure how 6 cents is better than 11 cents.
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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Sep 17, 2014 2:35 pm

There are a lot of good gas cards. The best (if you are a member and have access) is TrueEarnings - 3% off Costco's already cheap gas. And it is the only Amex that treats Costco gas as gas, and not a warehouse purchase.

PenFed Platinum, Sallie Mae, and EDP are other good options.
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Postby augiedog » Wed Sep 17, 2014 8:24 pm

Use the GasBuddy app on your phone to find the cheapest gas. The Mobil here sells gas at $3.25/gal.
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Postby nismoZtuner » Wed Sep 17, 2014 8:35 pm

MB131174 wrote:3% of $3.69 is just slightly over 11 cents. Not sure how 6 cents is better than 11 cents.


I'm like this doesn't sound right. Haha

I would use the Amex it's 11 cents vs 6 cents..
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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Sep 17, 2014 8:39 pm

nismoZtuner wrote:I'm like this doesn't sound right. Haha

I would use the Amex it's 11 cents vs 6 cents..


I think the savings are 6 cents/gal most days or 6+6=12 cents/gal on Saturdays. 12 cents beats 11 cents.

Either way, neither option beats 5%!
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Postby Bama87 » Thu Sep 18, 2014 8:50 am

At that rate ($3.69) if ExxonMobil a penny higher that the competition, there goes your "savings".

If gas goes down it might make sense to get the Exxon card, that is if Exxon sticks to 6+6 at that point, but thats a tough game to play.

Me personally I would just stick with the BCP and shop for cheaper gas. I use GasBuddy as well.

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Postby takeshi » Thu Sep 18, 2014 9:52 am

Michael wrote:Under these circumstances, it is worth using it for Mobil gas instead of AMEX?

Worth is for each individual to determine. I ditched my gas cards long ago as they were not worth it to me for other reasons. I'd much rather buy gas when and where I need it versus trying to coast to an ExxonMobil only on Sundays to save an additional cent/gallon but YMMV.

CarefulBuilder14 wrote:PenFed Platinum, Sallie Mae, and EDP are other good options.

Just to clarify: PenFed has more than card with Platinum in the name. The points card has already been nerfed. The cash rewards card is 5% with qualifying product (easy to meet that requirement IMO) -- at least until PenFed nerfs it.

CarefulBuilder14 wrote:The best (if you are a member and have access) is TrueEarnings - 3% off Costco's already cheap gas.

Best is always subjective. We certainly have Costcos around here but they're not convenient to me and I'd rather use any station of my choosing -- especially on road trips. I also prefer the PPCR's automatic monthly credits versus the annual Costco check. Another YMMV.

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Postby nismoZtuner » Thu Sep 18, 2014 12:19 pm

CarefulBuilder14 wrote:I think the savings are 6 cents/gal most days or 6+6=12 cents/gal on Saturdays. 12 cents beats 11 cents.

Either way, neither option beats 5%!


so then only use it the days that once cent beats..

somehow this reminded me of my mom, she drives about 3 miles to the same gas station just to fill up and save 5 or so cents per gallon at an arco/valero station- while i always go to the shell closes to my house.. less than a 2 min drive
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Postby CarefulBuilder14 » Thu Sep 18, 2014 12:53 pm

Well, of course you have to factor in time and convenience. Also, cleanliness (no construction debris to damage your tires, etc) and pump equipment that works well.

Those were problems with one station near the local Costco. It closed pretty quickly when Costco added gas. Good riddance!

I divide my gas purchases between a Mobil and Costco. The reason I don't get exclusively Costco gas is that they don't have equipment to check my tire pressure there. I will always be giving Mobil some business every few weeks for that reason.

Purely on the basis of the 'price at the pump' as well as cash back, the Costco/TE combo does give the cheapest price in most of its markets. Maybe not 100%, but if you're a member and you're going to a Costco that has gas anyway, there is fairly high probability that it is the best place to fill up in the area. Having a Sallie Mae is a great backup when you go to any other station.

Also, the rebate check is different from the TrueEarnings card, and there is no rebate on gas - just warehouse purchases (and some special things you can buy through Costco). I am letting my pulls cool off before getting the TE, but I expect the cash back is earned and redeemed just like any other Amex cash back. The rebate check just applies to warehouse purchases, and is a feature of a higher-priced Costco membership.
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