Hedge your gas prices
What an amazing idea
I came across this whilst browsing PhoneTag founder James Siminoff writings.
This is really different
Obviously we are all aware how airlines hedge the fuel prices, mygallons allow car owners to now hedge the fuel costs.
Saving Money With MyGallons Is Easy:
* 1. Join MyGallons, receive your MyGallons Card.
* 2. Pre-purchase gas and lock in the price.
* 3. Use your MyGallons Card at the pump and save.
Example:
Buy 100 gallons of fuel when your MyGallons price is $3.50 per gallon.
Redeem them at the pump when prices rise to $4.00.
You save $.50 per gallon!
Nice idea but it is just going to increase the speculation!!!!
WRONG IMO.
Govt should cut taxes, release huge reserves they are holding on and give a momentum to dig in preserves area.
Price of crude per barrel should go down with such measures.
Prepaying is just going to raise price of gallon faster.
In terms of business model it’s definitely a good idea but consequences will be terrible.
BTW its another Florida start-up
The new Sunny Valley!!
I already figured out how to pay $0 a gallon.
I ride the bus and my employer pays me to do it.
Don’t have a dog in that fight anymore.
It’s not web 2.0 by any means, but to a much smaller scale, motorcheck.ie works on a similar concept. It allows you to lock in a petrol price each week. Only works at Statoil stations though.
They text you the bottom price each week and no matter how much petrol goes up by during the week, you are guaranteed that price, or the lower price if it falls. You use the card to pay and are billed monthly.
@Deborah
thanks
Motorcheck only allows you to lock in price for a week though
That’s the way forward alright, ruin more beautiful parts of the world to feed our oil thirst.
@johnkeyes i agree with you but digging same region to the last drop is not going to preserve any equilibrium…
and walk…
I wish we could all put water instead of oil - but we are just going to transfer the problem from oil to water.
Unless we all decide to move to Manhattan
I half thought about buying petrol and storing it in my shed but the stuff is way too flammable so that’s a bit dangerous.
They also have an annual sub of at least $29.95 which would put a serious dent in any savings made unless you drive a serious number of miles.
Oh, and it’s US only so not much use to you or I..
Just run her on RED!!! i.e. EU Subsidized agricultural diesel. works fine in my car