Walmart Slashes Gas Prices by 10 Cents a Gallon

Wal-Mart gasWal-Mart Stores Inc. (WMT) is cutting gas prices by 10 cents a gallon for three months to help consumers worried about their spending amid a sputtering economy and busy summer travel season.

"Our customers have told us that high gas prices are a top budget concern, nearly as large an expense to their households as food and groceries," Chief Marketing Officer Stephen Quinn said in a statement.

Wal-Mart is well aware that rising gas prices and other household costs are squeezing shoppers' budgets, reporting at its annual shareholders meeting earlier this month that shoppers appear to be focusing on groceries and little else.

To help ease consumers' worries, the world's biggest retailer announced Wednesday that customers visiting participating Murphy USA and Walmart gas stations in 18 states through Sept. 30 will receive a discount on all fuel, gas and diesel purchases when they use a reloadable Walmart gift card, Walmart MoneyCard or a Walmart credit card.

Gas prices neared $4 a gallon in late April and early May, but have since fallen to a national average of $3.57 per gallon. Still, the government reported on Monday that Americans spent at the weakest pace in 20 months in May, a sign gas prices may be hurting the economic recovery.

Wal-Mart said the discount will be taken immediately at the gas pump, with no other restrictions or requirements. The Bentonville, Ark. company said that a complete list of participating Walmart and Murphy USA locations can be found at www.walmartstores.com/gasrollback.

Wal-Mart, which had fiscal 2011 sales of $419 billion, has 9,000 stores in 15 countries.


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wnpjr

What I would like to know is, if Wal-Mart is so customer friendly then why on the Thursday before the holiday of the 4th of July did Wal-Mart Raise the price of gas from 318.9 per gal to 365.9 per gal, while I was waiting in line at the pump to fill up. Why, because everyone raised prices. Just because they could and know no one will put a stop to it. People had plans to travel or just out to visit family for a cook out and watch some fireworks!!! So lets suck every penny we can to the working family who is already struggling to put food on their tables. That is price gouging and yes the Politicians all screem we are not going to stand for price gouging but they never do anything to stop it. GO FIGURE!!!

July 05 2011 at 11:36 PM Report abuse rate up rate down Reply
Robert & Lisa

Well, guess I'll go get a walmart card.

June 30 2011 at 9:42 AM Report abuse rate up rate down Reply
DOORSTEPBABY

SHELL fuel stations also recognize the Kroger shoppers...Drive cheaper, shop KROGERS...

June 30 2011 at 8:21 AM Report abuse rate up rate down Reply
DOORSTEPBABY

I got 40 cents off per gal, my daughter got 30 cents off and my niece got 30 cents off per gal. for shopping at KROGERS. No hidden gift card or credit card to apply for. My forty cents came to an 8.00 savings per fill up. NOT BAD. We used to do the Speedy fuel points but KROGERS is the best way...NICE.

June 30 2011 at 8:18 AM Report abuse rate up rate down Reply
answer24

walmart is the only company taking care of the working class people !!

June 30 2011 at 7:38 AM Report abuse -2 rate up rate down Reply
1 reply to answer24's comment
mjmatera

What ever happened to "Bring it home to the USA"?? Walmart has forced manufactured goods and jobs out of this country and into China. Walmart does not care about the working class!!! Profits above people.

June 30 2011 at 9:47 AM Report abuse -2 rate up rate down Reply
1 reply to mjmatera's comment
bggdg

WalMart hasn't "forced" anything. Like every business, WalMart must compete to best serve customers. If customers shunned WalMart because the inventory of products was not desirable, the available products would change to better reflect customers desires. The proof of their service to "working class" citizens is their history of explosively growing into the world's largest retailer with stores filled with "working class" customers who have voted with their feet.

June 30 2011 at 10:24 AM Report abuse rate up rate down
JANE and BILL

Florida is not one of the states that enjoys the discount...guess the demand is high so Walmart doesn't discount.

June 30 2011 at 7:34 AM Report abuse rate up rate down Reply
theshudude

Kroger and their affiliated brands have been doing this for a long time. What took WM so long? Hell, the summer is 1/2 over!

June 30 2011 at 7:11 AM Report abuse rate up rate down Reply
Andy

If you think Wal Mart is loosing money by lowering the price on gasoline; take a look at the in-store prices they are charging.
They keep moving merchandise all over the stores and raising the prices after each relocation. Try to find someone to help you find the article you're craining your neck to find, where the signs @ the end of the rows are too high to read. Good luck!
Don't forget to examine your sales receipt and count your change before leaving the store.

June 30 2011 at 7:03 AM Report abuse +1 rate up rate down Reply
Gary

The nearest Wal-mart with a gas port is over 20 miles away , , not worth the drive ..

June 30 2011 at 6:52 AM Report abuse rate up rate down Reply
amani4000

Gas where I live is $3.90 a gallon, I thought opening the reserves was going to lower prices. Oil is $95 a barrel again. Don't worry this administation has it all under control!

June 30 2011 at 5:04 AM Report abuse rate up rate down Reply