Consumers Concerned That Gas Prices Will Increase In The Next Year According To Petrofix Survey

San Francisco, Calif. (PRWEB) May 27, 2009 -- A majority of consumers plan to take a road trip this summer according to a study conducted by Harris Interactive® on behalf of Petrofix (http://www.petrofix.com). Many adults who are taking a road trip report that gas (http://www.petrofix.com) is the number one expense they are budgeting for; 92 percent confess that it will be important to find the lowest-priced gas during their trip.

Petrofix, an online service that controls gas prices (http://www.petrofix.com/ExamplePlan/CurrentGasPrices.aspx) for individuals and small businesses, also found that nearly all consumers are concerned about rising gas prices in the next year.

Of the 93 percent of adults who spend money on gas, 82 percent said if gas prices rise over the next 12 months they will take steps to control their gas spending.

"The survey's findings confirm that there is a significant demand for a gas price cap (http://www.petrofix.com) gas price cap service like Petrofix," said Edward Lee, co-founder of Petrofix. "Gas prices are a top concern for the average consumer and family, and Petrofix has a solution that can give budget conscience consumers much needed peace of mind."

"Petrofix allows customers to fix their gas costs even if gas prices are unpredictable. Customers can sign up for a plan to cap gas prices whether it's for three months or two years," said Alex Pabon, co-founder of Petrofix. "The best part is, Petrofix puts a limit on gas prices without locking you in if gas prices fall - you can still benefit if gas prices fall at the pump. If gas prices rise, Petrofix will compensate you monthly by check or credit card. Last summer, customers would have saved up to 30 cents per gallon net of the initial fee."

Survey findings include:

• 68 percent of adults plan to take a road trip this summer; 82 percent of married adults with children 17 and under plan to take a road trip this summer

• 35 percent of adults who are going on a road trip this summer cited gas as the most important thing to budget/save for, while 33 percent cited accommodations as the most important

• 92 percent of adults who are taking a road trip this summer say that it is at least somewhat important for them to find the lowest-priced gas; 67 percent said it was important or very important

• 93 percent of adults are at least somewhat concerned that gas prices will increase in the next year; 62 percent are concerned or very concerned

• Out of the adults who spend money on gas, 82 percent said they would take steps to control money spent on gas if gas prices increased over the next 12 months

• Out of the 82 percent who would take steps to control their gas expenses, 40 percent would look for ways to cap the amount of money spent on gas

About the survey:

This survey was conducted online within the United States by Harris Interactive on behalf of Petrofix from May 11 to May 13, 2009 among 2,065 adults ages 18 and older, of whom 415 are married and have a child/children under the age of 18 living in their household. Results were weighted as needed to reflect the composition of the U.S. population of adults ages 18+ using targets for region, age within gender, education, household income, race/ethnicity, and propensity to be online. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact Candice Huang at chuang(at)citigatecunningham.com.

About Petrofix

Petrofix provides an online service (www.petrofix.com) that controls gas prices for individuals and small businesses. Petrofix is the only service that allows customers to limit their gasoline expenses if prices rise, while allowing them to benefit if gas prices fall. Plans have an initial fixed charge with no hidden fees. Customers can sign up for a plan that suits their needs - three months, six months, twelve months or longer - and they can tailor it to their personal or corporate driving requirements. If from the beginning of the plan gas prices rise, the difference will automatically be paid each month to the customer's credit card. The service is offered online and there is no claims process or paperwork. Customers can continue to get gas as usual, at any gas station anywhere in the country. Petrofix allows customers to manage their budget and make volatile gas costs fixed.

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