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Discussion Starter · #1 · (Edited)
Let me first start off by saying that I have no affiliatiion with this website: I heard about it on Headline News (Robin is so hot) so I checked it out and thought it was interesting, so thought I would pass on.

Apparantly, you are able to purchase a gas debit card (after paying a yearly membership fee - kind of like Sam's Club or Costco) and you load the card with "gallons of gas" purchased at todays prices. So if you fill it while gas is $4.00/gallon you can use it when gas is $5.00/gallon.

MyGallons.com

Take a look; I'm interested in hearing what you all have to say. Could this be helpful to those that are filling a sting in their pocket each time they go to fill up their Cruiser?

P.S. Robin also said that you can achieve the same effects of Viagra by eating watermelon rhine (or RIND)...that's so hot! :lol:
 

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Watermelon rind? Rhine is a river in Germany.

So, you go out an load this card, for it to do any good, you'd have to purchase a decent amount of gas, then gas prices are subsidized and prices come down and you still have your wonderful gas card with more expensive gas on it? I'm not saying it's a bad idea and it could work, sounds a lot like Chrysler's $2.99 gas deal.
 

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Discussion Starter · #3 ·
Thanks for the spellcheck...Don't have to buy a Car with this (krisler you do)
 

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Let's say gas does go to $5 a gallon and a great many people bought in at $4. That is a 25% increase over what the company issueing the cards took in compared to what they are paying out.

Obviously they will be investing the money somewhere but at 25% or better? I doubt it. So what happens when they go under? Everyone holding the cards gets caught holding the bag?

Scary
 

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Thanks for the spellcheck...Don't have to buy a Car with this (krisler you do)
U r welcum

Let's say gas does go to $5 a gallon and a great many people bought in at $4. That is a 25% increase over what the company issueing the cards took in compared to what they are paying out.

Obviously they will be investing the money somewhere but at 25% or better? I doubt it. So what happens when they go under? Everyone holding the cards gets caught holding the bag?

Scary
Exactly! Where is the profit for this company? People will spend the money, the company will get it and who makes up the difference for them when they're paying out $5 a gal vs $4? And when people are whinning so much about the price of gas now, who can afford to just fork out $400-$800 in a single pop for 100-200 gallons of gas (hoping gas prices don't FALL before they use up what they prepurchased)?
 

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Looks interesting. So I used their calculator and put in 16,000 miles/yr and 17mpg and I got $660/yr in savings. Sounds too good so I have to wonder what the catch is.
 

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Watermelon rind? Rhine is a river in Germany.

So, you go out an load this card, for it to do any good, you'd have to purchase a decent amount of gas, then gas prices are subsidized and prices come down and you still have your wonderful gas card with more expensive gas on it? I'm not saying it's a bad idea and it could work, sounds a lot like Chrysler's $2.99 gas deal.

Subsidized gas prices? Where do you think you live, Kuwait? I wouldn't hold my breath for long on that one.

What I have considered, is getting one of those large gas tanks that farmers :cowfrown: and such use to fill their equipment/vehicles. Not sure about how long you can store gasoline, but with a fuel stabilizer, it should last a while, no?
 

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I've seen this before, It was on the news a couple of years ago when gas prices first starting going up and staying up. It's a sort of Co-Op where someone pools the money together and buys the fuel at todays price, you are locked in. Even if it goes to $2 per gallon tomorrow. At the time folks there was a guy paying something like $0.86 per gallon when gasoline was $2.50 at the pump. He looked pretty happy at the time.

It's like a credit card and you buy so many gallons at today's price. When you run out of gallons you need to add more. Like calling card phone minutes.

It's basically the ultimate pre-pay.

DEWFPO
 

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I did a bit of research on MyGallons.com...ingenious marketing ploy, IMHO.

Ironically enough it's basic speculation: banking on the assumption that gas prices will continue to rise. Ironic because many economists believe mass speculation is the cause of the current gas prices.

Basically, you buy gas today at today's prices, assuming gas prices will rise in the future. Farmers live off of this practice...lock in today's prices for corn they'll purchase in the future...speculating the price will be higher in the future. (called futures trading)

Okay, back to MyGallons. Basically, they make money my charging you $30/year + $2 every time you reload your card. In addition, your card is auto-reloaded when your balance dips below 15 gallons. That is, unless of course, you pay another $40 to disable the auto refill 'feature'. (more cha-ching! for mygallons)

You can get your money back based on the number of gallons remaining on your account either at the price you paid or at the current market value of gas, whichever is lower. (guess which amount you'll get when the bubble bursts)

Heck if you got that kind of money to invest, throw it at Exxon Mobil :)

Caveat Emptor friends...
 

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Subsidized gas prices? Where do you think you live, Kuwait? I wouldn't hold my breath for long on that one.

What I have considered, is getting one of those large gas tanks that farmers :cowfrown: and such use to fill their equipment/vehicles. Not sure about how long you can store gasoline, but with a fuel stabilizer, it should last a while, no?
I know where I live and I'm not holding my breath. I was just using an example because I believe one of two things will happen. 1) Gas prices will stabilize or decline or 2) People will realize that gas prices in the US aren't that high and adapt. Flame me all you want but whether you like or not, you'll pay what you have to if you want to drive your car.

Personally, I think the higher gas prices is great for us as a society. Americans need to get away from the love of thier cars. I don't know how many buses I'd see when I lived in Seattle with just a couple passengers on them. The US should try investing in better mass transit, but I'm not holding my breath for that one either.
 

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Wow, just what we need. More speculators on oil/gas prices and buying of futures. That would be great. It has really helped our pricing thus far.
 

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if i bought 10,000 gallons at $ 4 per gallon

it would drop to 2.49 tomorrow..LOL
 

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I know where I live and I'm not holding my breath. I was just using an example because I believe one of two things will happen. 1) Gas prices will stabilize or decline or 2) People will realize that gas prices in the US aren't that high and adapt. Flame me all you want but whether you like or not, you'll pay what you have to if you want to drive your car.

Personally, I think the higher gas prices is great for us as a society. Americans need to get away from the love of thier cars. I don't know how many buses I'd see when I lived in Seattle with just a couple passengers on them. The US should try investing in better mass transit, but I'm not holding my breath for that one either.
Glad you know where you live. It's the little things that are important. Personally, If I didn't write my name on my undies, I'd forget my name. :cheers:

As for the society stuff, most of North America isn't densely populated enough for public transit to work here. I live in Alberta, where we produce much of the oil used by the US. But the distances are vast, there are no buses once you are 50 km out of town. It's similar in much of the US. Cities are islands in a sea of open roads.
:)
 

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I dont want to buy gas at todays prices let alone tomorrow.


I bet if i bet you all that we will never see gas under $4/gallon again and i was right I still wouldnt be able to afford gas .

The uk is paying $10 gallon for years .

The oil companies have already figged out that we will get used to it .

The thing i dont get is when we all spent our $ on fuel/food

whats left ? :cheers:
 

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You know what they say "if it sounds to good to be true than it probility is" and looking at what others have said I will pass
 

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So lets say I prepay 10k$ worth on this card and within a half a year this company goes belly up..oops bye bye money...No thanks
+1 Totally agree
 

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I have some gas stored in my garage. I'll sell it at $3 dollars a gallon. But you can only buy it if you are completely empty. Sound like a good deal? Neither dose that.
 
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