GasBankUSA gives Fleets and Consumers an Option to Manage Gasoline Price Increases

BOYNTON BEACH, Fla., July 1 /PRNewswire/ -- Consumers and businesses are longing for price stability in gasoline and diesel, commodities that fluctuate on a daily basis due to distant global events and media perceptions. Over the past year gasoline prices have risen almost 39% and diesel almost 64% according to the AAA and with it have gone the budgets of many Americans and the profits of small fleet operators.

Gas Bank USA, LLC based in Boynton Beach, FL is launching its new web site located at www.gasbankusa.com where it will introduce its fuel card for consumers, businesses, over-the-road truckers and fleet owners to lock in their gasoline and diesel prices.

GasBankUSA members can lock in and purchase gallons at the daily AAA National Average Fuel Price, which is the benchmark for retail fuel price reporting, plus a small transaction fee. Then they use the GasBankUSA fuel card to make their purchases at the pump, and they never pay more than their locked in price. The card is accepted at more than 95% of all gas stations including the major brands, independents and convenience stores.

The Company will offer individual, family and fleet memberships, starting at $19.95 per year. Individual accounts include a single GasBankUSA fuel card. Family accounts include up to 3 GasBankUSA fuel cards. Fleet accounts include detailed reporting, exception monitoring and card control features such as daily usage caps. Members will be able to view and update their account, purchase gallons and generate reports at the interactive and secure web site located at www.gasbankusa.com. To manage the constantly changing fuel marketplace, the Company has developed a proprietary hedging portfolio.

'Our members will gain peace of mind knowing they now have a little control over something where they previously had none,' stated Jonathan Paul, Chief Financial Officer, Gas Bank USA, LLC. 'Gasoline and oil prices are constantly in the headlines and in the minds of consumers and business owners. We believe the GasBankUSA fuel card will be a vital tool for our members to mitigate the rising price of gasoline and diesel.'

The Company's web site, located at www.gasbankusa.com, is currently live with information about the site, how it works, historical gasoline prices and a registration page for interested consumers and businesses to be notified once the site launches. GasBankUSA expects to be live in the fourth quarter of 2008.

GasBankUSA is a division of Boca Networks.com LLC, an established internet marketing and development company serving the business community since 2003.

SOURCE Gas Bank USA, LLC