BP offers cheaper gas

By doris | Published: August 8, 2010

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — In an effort to help struggling gas stations and appease furious consumers following the Gulf disaster, BP is lowering its gasoline prices.

BP is offering a series of incentives to its distributors that could shave two cents off the price of gasoline at the pump.

Contrary to popular belief, BP does not set prices at the gas station.

Most BP stations are independent businesses, they’re not owned by the company. Much like a convenience store selling Coke, the gas stations buy their gas from distributors, which are also independent businesses.

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