
Check out this new website, MyGallons.com. Basically they let the public buy gas just like the big whigs on Wall Street... as futures! Here's how the program works, you buy gas now, at the price it is now, and they give you a MyGallons credit card which you can use to buy gas at any gas station. Then, instead of paying what the price is at the pump, your account is deducted how ever many GALLONS you had purchased with MyGallons. So, if you buy gas now, and the price of gas goes up, you save money.... a few catches. 1. If you buy gas now, and the price goes down, you lose money. 2. MyGallons.com doesn't have a credit card company who is willing to issue cards for their service. They had US BANK signed up to issue their cards, but US BANK backed out at the last minute. (sucks for MyGallons). anyways, it might be interesting to see what happens with this business.



1 comments:
Chad, you are so informative these days :)
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