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98CentGas Startup Funding

$210 of $500,000 goal

Raised by 7 people in 3 months
Our quest to solve a societal vulnerability!

In 2005, gas prices were out of control. Our lives were governed by high gas costs that affected our families, businesses and personal freedom. During this year, my gas expense was $1400 dollars a month. I was determined to solve this societal vulnerability of having no control over gas prices. In 2006, I began searching for a solution to lower gas costs and a way to solve this problem without disrupting major players. Unmanageable gas prices are the effects of national disasters, mechanical problems or economic recessions and could easily happen again. Today, because of technological advancements, we are building a platform and community so that we can be prepared! 98CentGas is a technology that saves you 98 cents on each gallon you purchase. Our why for innovating this platform is to create empowerment and freedom, and to put more money in the pockets of all citizens. How we help people.

How does 98CentGas work? Imagine having access to a technology that saves you 98 cents on every gallon you purchase. What can that extra income do for YOUR life? You might be thinking...."What? This doesn’t mathematically make sense.”

Well, it is possible. It’s being developed and almost here! This technology is multidimensional, complex and designed to create income streams on the back-end to cover the loss and even create a profit.

98CentGas has found a way that disrupts the normal paradigm for how to purchase our gas differently, specifically designed to make life easier for every consumer. How we identified proof of concept.

We surveyed working class people in downtown Phoenix, Arizona and showed them a version of this gas saving app. See what their responses were to this gas saving app and notice the excitement in the feedback we received.

"This app would put more money in my pocket. That’s the bottom-line.Transportation is key to our lives, so saving money there is like saving money on food. More money means freedom!"

"Wow that’s amazing. I love that. I would sign up for that immediately. The savings alone and the convenience. That would be amazing. That’s money that can go to other areas of my life. When is it coming out? You guys are onto something, you’re onto something really big."

"Wow, it’s cheap gas. No one wants to spend money on gas, but you have to do it. I have two kids so if I could save 20 dollars on a tank of gas, we can go do something fun. To have extra money rather than have to spend it on gas."

"I drive all the time. Anytime we could save money anywhere is helpful. This app would help me organize my budget more too. Also, sharing one account with my family would be so helpful."

"98CentGas means more Starbucks and donuts and we can travel further for the mile. It sounds great, so how do I sign up?"

"Saving 98 cents per gallon would be really good. I could buy extra stuff, food and clothing. It would be really great for my finances."

"The financial benefits of this app would help me. The savings would be great!" How will 98CentGas help society?

(in the words of the consumers themselves)

"As a single mom this will help so much. The savings would help my budget and allow me to do other things with my kids."

"This would be perfect for my son. I could send this to him so he can get his gas cheaper. This will give people more money and really help our economy. When we take our family out to dinner, we are feeding the economy."

"This will really help the poor guy who saves and provides for his family. It’ll give us freedom to not worry about how far we can drive. It’ll relieve the stress for those who are scraping by for a living."

'It’ll provide more money for us to travel more so we’re not as tethered to our homes. It’ll provide additional streams of income. With the savings, you could create a small stream of income to invest, have a nest, to help whichever element of finances you want to impact." The nitty gritty details!

What is 98CentGas?

98CentCas.com is the first internet gas station where membership can be used anywhere gas is sold. Membership is similar to a national gym; your monthly membership fees, along with support from our partners, go towards buying down the cost of gas. Your participation and theirs is how we achieve 98 cents off every gallon of gas, a savings that we pass on to you. How will membership work?

This card can be used anywhere you buy gas. If you live in California, but happen to be in Florida, simply use this card at the pump and we will buy down your gas. Our process will eventually be built so that even if you're overseas, you can still use your membership wherever gas is sold. Where we are now with implementation.

This idea came about as gas prices were rising through the roof and we never understood how prices could vary so drastically from one mile to the next. We knew there had to be a better way and we set out to build it! After years of research, structuring and restructuring, we figured out what worked. Our concept has been validated through engineers; this technology is available and affordable. We can now bring it all together for you but we can't do it without your help!

Website: www.98centgas.com

This website is for information only. An updated website needs to be built and which will provide all the necessary steps - from registering to purchasing. The details of that site will be made available as the engineers start to build it. Also, there will be a phone app built for the website, where you can monitor your use of gas and make gas purchases.

The money funding this campaign will go towards the cost of hiring software engineers required. Code needs to be written, apps need to be built and the technology needs to be linked. This is where the funds will be used. Once it is completely built, the supporters that believed in the concept will be among the first to be offered membership in 98CentGas.

As heard on: Money Radio 99.3

Proud Member of: Eliances Entrepreneurs Group

Risks and challenges

We understand that every new business venture comes with its own unique risks and challenges. We have worked through the process and technology, and have answered all the naysayers who said it could not be done. With the advances in technology, it now can be done.

We are presently Patent Pending with our project. Every effort has been made to protect the process and the consumer. At this time, we have not yet determined which financial institution(s) will have our distribution rights. We have already had various banks and financial institutions interested in working with us. As we build our business model, we will reach out to the financial community to find the institution who will be best-qualified to meet our demands for our members.

We also must bring on qualified engineers to take this to the next level. We want to make sure all data is secure, with the most sophisticated cyber security available on the market.

Questions about 98CentGas? Check out the FAQ page here: www.98centgas.com/faq
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$210 of $500,000 goal

Raised by 7 people in 3 months
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