Mygallons.com is a new service that lets you purchase gasoline at the current rate, and lock in that price for future fill ups. For example: you prepay for 100 gallons at $4.10 a gallon and every time you get gas (until the 100 gallons run out) you pay that rate - even if prices go up. The system uses a debit card that’s accepted at 95% of the gas stations in the United States. Users can either pay a $29.95 annual fee for automatic refills to their card, or $39.95 for manual refills. Rates go up slightly if you buy a higher grade fuel or fill up outside of your home area. Your price per gallon is calculated based on an average price in your local region. You’ll also get credits if the gas is significantly cheaper than your local average. The only potential downside to this program is if gas prices go down, which is of course, very unlikely.
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This sounds like an interesting opportunity. I think I will purchase 100 gallons now and hold onto them until I have to drive my daughter to Chicago for school come September. It is a 14 hour drive and will definitely be costly since I am driving a van to move all her stuff. We could also use the gallons for her trip back home for thanksgiving. If we buy now at $4 and the price goes up to $4.75 by the time shes coming home we’ll be making 75 cents a gallon which is nothing to squawk at.
July 2nd, 2008 at 11:36 am
how much does the price per gallon go up when we travel outside our area
July 3rd, 2008 at 4:39 pm
ONLY downside? What if this company goes out of business? Hello!?
This scores a very high Dumb Idea, even dumber to go through with it Score.
July 4th, 2008 at 10:43 am
The bankruptcy and previous corporations of the owner who wants you to buy
prepaid gas cards at mygallons.com. Escrow accounts are not protected from
bankruptcy proceedings.
http://www.webofdeception.com
July 5th, 2008 at 4:12 pm