Safeway Partners With Exxon to Offer Cheap Gas

On Wednesday, Safeway (NYSE: SWY  ) announced a "new" (to them) program, offering discounts on purchases of gas at ExxonMobil (NYSE: XOM  ) -branded gas stations for its own frequent shoppers in the Mid-Atlantic region.

It works like this: When a Safeway shopper buys groceries, certain gift cards, or pharmacy items with a Safeway Club Card, he or she earns loyalty points based on the value of the purchase:

  • One point per dollar spent on groceries;
  • One point per dollar spent on "eligible" pharmacy items;
  • Two points per dollar spent on "qualifying" gift cards

Rack up 100 points, and you earn a $0.10-per-gallon discount when you fill up at an Exxon or Mobil station later on. Restrictions do apply. For example, you cannot use more than 1000 points ($1 per gallon) in a single gas purchase. You cannot buy more than 25 gallons in a single transaction, either, or try to fill up more than one car at the pump.

Nearly point-for-point, the plan imitates a similar discount-gas program initiated by Kroger (NYSE: KR  ) some years ago. Privately held Marsh supermarkets also has a loyalty program rewarding shoppers with discounts on gas. Likewise  supermarket chains Bi-Lo, Giant, Winn-Dixie, and Roundy's (NYSE: RNDY  ) all offer similar rewards.

 
 

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  • Report this Comment On February 03, 2013, at 12:10 AM, hooops wrote:

    The story has some facts wrong. I'm not especially a fan of Safeway, but they had a similar program with BP until they ended the relationship over a year ago. It was especially popular in Chicagoland at BP and Safeway's Dominick's units and started in 2009. The program is not new to Safeway; just the relationship with ExxonMobil. Looking forward to the usual better coverage in The Fool.

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11/21/2014 4:01 PM
KR $58.37 Up +0.15 +0.26%
The Kroger Co. CAPS Rating: ***
RNDY $4.17 Up +0.24 +6.11%
ROUNDYS INC COM US… CAPS Rating: ***
SWY $34.82 Down -0.08 -0.23%
Safeway, Inc. CAPS Rating: **
XOM $96.81 Up +0.99 +1.03%
ExxonMobil Corp CAPS Rating: ****

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