General Motors promised that it would develop some innovative sales promotions this summer, and we have to say that it delivers with a newly-announced offer for Florida and California residents who buy selected SUVs and midsize sedans.

Buyers will be issued a pre-paid credit card, which will be credited monthly with reimbursement for gasoline costs above and beyond $1.99/gallon until December of 2007. The credit will be based on the published AAA price for premium fuel and the actual mileage driven (tracked via OnStar, natch), and so those who rack up the miles could end up with a substantial chunk of change back in their pockets - especially if gas prices continue towards pessimists' projections of $4/gallon (or worse).

The gas credit applies to the Chevrolet Tahoe, Suburban, Monte Carlo, and Impala; the GMC Yukon, Hummer's H2 and H3, the Cadillac SRX, Pontiac's Grand Prix, and Buick's new Lucerne. GM claims that the vehicles were selected for their "outstanding fuel economy and great consumer appeal".

[Source: GM]

Continue reading GM's newest incentive - $1.99/gallon gasoline in Florida and California

GM's newest incentive - $1.99/gallon gasoline in Florida and California originally appeared on Autoblog on Wed, 24 May 2006 10:44:00 EST. Please see our terms for use of feeds.