Fuel rewards are back and worse for fuel drillers

Oct 7, 2021 Journals

Fuel rewards have been back in the news recently, with reports that companies are looking to pay up to $10,000 for the privilege of filling up on gas.

However, a new report from Bloomberg suggests that those rewards may not be worth it for some companies.

According to Bloomberg, companies have been asking for fuel to be paid back for years, but this is the first time they have gone to this lengths.

In fact, the company that Bloomberg is referring to is FuelStick, which is an app that allows companies to set up reward programs.

FuelStoke was recently acquired by rival GasTap, which has also been pushing for fuel rewards to be returned to drillers.

The new report says that FuelStake “takes a different approach” to the program, and instead of rewarding companies for filling up their tanks, it is asking for “a fixed percentage of the profits generated.”

FuelStoke CEO Brian Gollop told Bloomberg that the company does not make any profit off of fuel, but it does make a profit by “buying and selling gasoline.”

Gollop added that he would like to see a program that “puts a higher price on the fuel you are driving than the gas stations in your area.”

The company did not respond to Business Insider’s request for comment.

The report comes as the U.S. continues to struggle with gas shortages.

Fuel pumps in states like California, Texas, and Oklahoma have been running at reduced levels due to a lack of fuel in the air.

In the past month, there have been a number of gas stations that have run out of fuel.

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