WAZE Navigation System Locates the Cheapest Fuel Prices
Sarah Moore — June 21, 2012 — Tech
References: waze & techcrunch
Already wildly popular with smartphone users thanks to its traffic updates and GPS routing, the WAZE Navigation system will also help motorists with another hassle that they experience while driving -- finding the closest, and cheapest, gas station.
When a driver runs low on fuel in a neighborhood they are unfamiliar with, traditionally they would simply drive into the closest gas station they can find without really scouring the scene for deals on fuel.
However, this app allows motorists to find the closest gas stations on their route and then compare the price per liter that they will pay at each pump. If the information given by the app is not up-to-date, because the station just changed its price for example, then users also can program in the latest info to let other drivers know of the change.
When a driver runs low on fuel in a neighborhood they are unfamiliar with, traditionally they would simply drive into the closest gas station they can find without really scouring the scene for deals on fuel.
However, this app allows motorists to find the closest gas stations on their route and then compare the price per liter that they will pay at each pump. If the information given by the app is not up-to-date, because the station just changed its price for example, then users also can program in the latest info to let other drivers know of the change.
Trend Themes
1. Fuel Price Comparison - Developing apps that allow drivers to compare fuel prices at nearby gas stations, helping them find the cheapest option.
2. Real-time Price Updates - Incorporating real-time price updates into navigation systems, providing drivers with the most accurate fuel price information.
3. Crowdsourced Fuel Prices - Creating platforms where drivers can share and update fuel price information to help each other find the best deals.
Industry Implications
1. Mobile Applications - The development of mobile apps that offer fuel price comparison services, improving the convenience and cost-effectiveness of driving.
2. Navigation Systems - Integrating fuel price comparison features into navigation systems, enhancing the value and functionality of GPS devices.
3. Crowdsourcing Platforms - Building online platforms that allow users to share and update fuel price information, creating a community-driven approach to finding the cheapest fuel options.
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