Childhood friends Dustin Coupal and Jason Toews founded GasBuddy in April 2000 in Minneapolis, Minnesota. Originally designed as a free website where consumers could share information about gas prices and availability, the pair filed as a for-profit company in April 2004.
The GasBuddy app is a GPS-based program for smartphones and tablets, providing prices of nearby gas stations from user-submitted data, as well as through partnerships with other companies and directly from station operators.
While the company still operates a website where consumers report gas prices and availability, registered GasBuddy members are encouraged to input gas price data, with the incentive to earn points that allow them to obtain electronic tickets for entry towards a daily drawing for a $100 prepaid gas card. The website offers additional features such as a fuel logbook, which allows users to record fuel purchases, odometer miles, and fuel usage.
In March 2013, UCG acquired GasBuddy for an undisclosed amount. Initially available only in the US and Canada, the company expanded to include Australia in 2016.
Headquarters for GasBuddy are located in Boston, Massachusetts.