We are here to help you save money, and Speedway, a major convenience store and fuel chain, has introduced an innovative feature called Price Lock to its Speedy Rewards app, offering drivers a practical way to combat fluctuating fuel costs. This new tool allows customers to secure a lower gas price for up to four days, providing greater control over their fuel expenses in an era of unpredictable market changes. This comes as their parent company 7-11 has now offered this option for a few months.
The Price Lock program enables users to monitor current fuel prices through the app and lock in a favorable rate when they spot a dip. Once activated, the locked price remains valid for four days, giving drivers flexibility in timing their fill-ups. If prices continue to fall during that window, the system automatically adjusts to the even lower amount, ensuring users benefit from further declines without needing to take additional action. This forward-thinking approach turns potential price volatility into an advantage for consumers.
To use the feature, individuals must access the Speedy Rewards app, where they can view real-time pricing at nearby participating Speedway locations. After selecting a station and deciding to lock the price, the lock applies to future purchases at eligible sites for up to 4 days after you lock the price. The program comes with a fuel limit of 25 gallons per redemption, making it suitable for standard passenger vehicles while preventing excessive commercial use. Redemption occurs directly at participating Speedway gas stations using the app’s mobile fuel payment option or associated rewards account.
Several restrictions apply to maintain fairness and comply with regulations. The locked price cannot be used in commercial fueling lanes, particularly those designated for diesel. It also excludes transactions involving fleet cards as the payment method. Availability is limited to regions where the program is legally permitted, and users should verify participation at their local stations. The lock remains in effect for the full four-day period unless manually removed earlier by the user.
This rollout aligns with Speedway’s ongoing efforts to enhance its loyalty program, which already includes earning points on fuel and in-store purchases, monthly perks for bonus rewards, and partnerships with grocery chains for additional gas savings. By adding Price Lock, the chain addresses a common pain point for drivers: the frustration of seeing lower prices shortly after filling up. The feature encourages more frequent app engagement, helping users stay informed about deals while stacking discounts from other promotions or accumulated points.
In a competitive fuel market, where prices can shift daily due to global supply factors, regional demand, and economic influences, tools like Price Lock empower everyday consumers to make smarter decisions. Drivers who regularly patronize Speedway can now plan refueling strategically, potentially saving significant amounts over time, especially during periods of price instability.
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