How to Pay Only $2.99 A Gallon for Three Years

By Irene Lynn, published May 13, 2008
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A barrel of oil has gone up 20% in a matter of weeks which has lead to $3.50-4.00 a gallon of gas at the gas pump. Projections by analyst are forecasting up to $200 a barrel of oil within twelve to eighteen months. That will register to about $5.00 a gallon for gas for the consumer to pay. What can a consumer do?

Chrysler has announced about a month ago a program where if you buy a specific vehicle from Chrysler, they will give the buyer a card that will lock in the price of gasoline for $2.99 per gallon for three years. The program ends June 2nd and applies to many popular cars, mini vans and trucks.

The offer is only valid with an 87 octane regular unleaded fuel, E85 fuel or diesel fuel. There is a yearly allocation of gallons given at a discounted price. The total amount of fuel that can be bought at the lock-in price will be computed on the basis of the new vehicle's federal mile per gallon rating and 12,000 miles of driving per year.

The following are the Chrysler vehicles this applies to:

Pick Up Trucks

Dodge Dakota, Dodge Ram, Dodge Ram HD

Mini Vans

Dodge Grand Caravan, Chrysler Town and Country

SUVs

Jeep Patriot, Jeep Compass
Dodge Nitro, Jeep Liberty
Jeep Grand Cherokee, Jeep Commander, Dodge Durango, Chrysler Aspen

Crossover

Dodge Journey

Cars

Dodge Caliber, Chrysler PT Cruiser, Chrysler PT Cruiser Convertible
Dodge Avenger, Chrysler Sebring, Chrysler Sebring Convertible
Dodge Charger, Chrysler 300, Dodge Magnum

There have been fuel incentives in the past. However, this incentive from Chrysler is intended as an unprecedented program according to Chrysler's President Jim Press. Besides this incentive, some models are coming with a $3,000 cash bonus.

It is a possibility we could see a trend starting here as gas prices are continuing to rise over the summer. There really has never been a better time to purchase a car when you factor in that the cost of new cars have been modestly rising due to lack of demand from buyers. Furthermore, auto dealers continue to offer zero interest rates.

 
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How to Pay Only $2.99 A Gallon for Three Years

How to Pay Only $2.99 A Gallon for Three Years

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Copyright: sxc.hu/bjeawickle

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The offer is only valid with an 87 octane regular unleaded fuel, E85 fuel or diesel fuel. There is a yearly allocation of gallons given at a discounted price.
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I heard of these sorts of incentives too. But I'd rather not have to buy a new vehicle just so I can get a locked in price for petrol!! Sophie

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Posted on 05/24/2008 at 6:05:56 PM

 
Surrrre...we bought a Town & Country in December! Darn! We'd love to pay the low amount for gas as it blasts off the charts! But we were lucky and bought the van from a company/auction that sells to dealers only and special people. :-) lol It's not what you know, it's WHO you know! So I guess in the long run we saved $4-$5,000 on our van. Yay! I cannot believe how much dealers make on vehicles, especially trucks! Thank you for the info!

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Posted on 05/20/2008 at 8:05:20 PM

 
Very informative :-)

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Posted on 05/20/2008 at 5:05:01 PM

 
Just a little while ago, I was listening to oil man Boone Pickens being interviewed on CNBC....what he said makes sense..first, he says we are buying oil at $600 billion a year from foreign sources...he said, Bush waited too long to get with the Saudis on this to produce more oil..now there is no shortage of oil..just not having the resources to pump out to keep up with demand..he said..that the way to go is with wind energy and natural gas...if we use wind energy for electric..it would save 20% ..then less natural gas would be needed ..using that natural gas for fuel...reducing then our dependence on foreign oil..this is how we can get it down...but thiis year..he sess $150 per barrel..and this is all be driven by demand, not the $...he says combining wind and natural gas will be the solution..no one in the political arena "gets it"..neither side!..he said these other alternatives solutions like ethanol would just take too long and wouldn't work.

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Posted on 05/20/2008 at 6:05:15 AM

 
Michael...take a deep breathe...lol!..I think the average American knows the tricks..but what they don't get is their constant lack of discipline in their consumption!...that is what will be terminal..eventually we will hit an equilibrium where we all must slow down..and prices will fall...and in the meantime, our government needs to get their ass in gear and start giving out the right incentives for quicker solutions for alternative fuel... rathter than helping the profits of the oil companies..(thank you President Bush for that!)....there will be a day of reckoning for the consumer...but this marketing strategy I don't think will make a difference..the consumer doesn't have the money to buy a new car..and the credit cruch is going to get tighter as interest rates go up..and they are going up now!

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Posted on 05/18/2008 at 11:05:17 AM

 
"Americans" still don't get it. Marketing tricks will not "save" the average American family. We, as a Nation, are at the precipice of a free-fall disaster. See "We Were Warned - Out of Gas" at http://www.cnn.com/CNN/Programs/siu/ . This airs on CNN May 17 and May 18, 2008 at 8PM ET. (This is an update of the original which aired in 2007.) A PLACEBO FOR THE SYMPTOM WILL NOT CURE THE DISEASE. We are entering the terminal phase.... M

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Posted on 05/18/2008 at 9:05:43 AM

 
Excellent article, and a great incentive and you can afford a new car. Have a great weekend. Hugs Mary

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Posted on 05/16/2008 at 4:05:50 AM

 
Well this might of been a hell of a deal if I wasn't already sitting on a truck note! As mush as we need a larger vechile I am not sure I want to go trade in and have yet a longer note to pay off then the one I have now, and with the way things are I would have to finace it for as long amount of time as they would allot! The vicious cycle never ends, does it?

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Posted on 05/15/2008 at 5:05:35 PM

 
very read , I'm glad your Back, missed you artme

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Posted on 05/14/2008 at 6:05:23 PM

 
Interesting, but we're not planning on buying a new car.

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Posted on 05/14/2008 at 4:05:52 PM

 
Your title fueled up my interest... And I wasn't disappointed. As always, great read! :)

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Posted on 05/14/2008 at 2:05:08 PM

 
I don't know of that would be enough for me to want to buy a chrisyler - you are probably only saving a thousand dollars or so in the long term...you would be better off to buy a hybrid! either way very informative!

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Posted on 05/14/2008 at 2:05:46 PM

 
very informative and nicely done!

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Posted on 05/14/2008 at 1:05:33 PM

 
Sure Linda..you have to just go buy a new Jeep!..lol!..i have a 2006 diesel Jeep..to me, this is all relative to if you feel that in 3 yrs prices will be higher..now, I don't know the details..but if the prices are at $2.99 and they go lower..and you haven't bought it all at once, I would think you get the lower price..this is why I say..see the details IN WRITING!..personally, I feel in within 3 yrs prices will be lower..that's my prediction!..lol!

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Posted on 05/14/2008 at 9:05:31 AM

 
glad to help, Jane..i get blanks too and I'm suppose to be not financially challenged..LOL!...althought .i get to now blame it on age.

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Posted on 05/14/2008 at 9:05:20 AM

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