The popular website and mobile app GasBuddy has been acquired by Oil Price Information Service (OPIS).
This is probably good in the near term, as it means better access to a database of wholesale gasoline prices. Most of the current pricing information provided by Gas Buddy comes from volunteer price spotters. But consumers should probably prepare for more ads as the integration with OPIS matures. They plan to accelerate development of OpenStore, a system for c-store owners to promote their car wash and burritos through social media.
Gaithersburg, Md.-based OPIS, a subsidiary of UCG, is a leading source for worldwide petroleum pricing and information It publishes daily spot prices for all refined products, more than 30,000 wholesale gasoline and diesel rack prices and more than 110,000 retail fuel prices Through its subsidiary, Axxis Software, OPIS also provides software for petroleum marketers to automate price collection, data storage and repricing of dealer and commercial accounts.
Source: CSP Daily News