Esurance, a direct-to-consumer insurance company, has released Fuelcaster, a free online tool that predicts whether gas prices will rise or fall and can help consumers choose the best time to fill up. The app actually predicts whether those prices will rise or fall in the next 24 hours.
A user will enter a ZIP Code, and Fuelcaster will display a “buy” or “wait” recommendation, based on whether the price of gas will rise or fall, Esurance said. It will display up to 10 gas stations with the lowest price in a user’s area and the current prices.
Developed in partnership with Deutsch LA’s Inventioni.st group, Fuelcaster is powered by GasBuddy and uses a proprietary algorithm that incorporates pricing signals from industry sources to estimate whether gas prices will rise or fall in a particular ZIP Code, Esurance said.
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