MyGallons - Tomorrow's Gas/Today's Prices
Southwest Airlines is one of the only profitable airlines in the industry today, primarily because of the enterprising forethought of their management team to hedge their fuel costs at what are now below-market prices. The Dallas-based airline is currently paying a price equivalent to $51 per barrel of crude oil (that's a 75% savings over today's prices!!! ) For those not in the know, hedging is a financial strategy that lets airlines or other investors protect themselves against rising prices for commodities such as oil by locking in a price for fuel. Most analysts say Southwest Airlines will be the only one to earn a profit this year.
The same opportunity is available to the enterprising common man. Essentially peddling gas futures, MyGallons.com lets you pre-purchase fuel at today's prices, then put it on a card valid at 200,000+ stations across the country, saving you cash when prices goes up. The price you pay with MyGallons is calculated at the average price in your zip code on the day you lock in your price. The annual membership fee at MyGallons is $29.95 but they'll refund your annual fee if you don't manage to save any cash in the first year because of falling prices.
Check the cash-saving details and sign up today at: http://www.mygallons.com/
Comments
This is a great deal. I just shared your post with literally everyone in my email address book. I want to help them save as much money on fuel as they can.. Thanks a bunch for sharing this!
I agree.. my idea was to buy $100 here and $100 there to stockpile it.. like you said.. use it this time next year.. although I emailed them a question and got a generic answer back - look in our FAQ's.. which I had already done.
I am not sure truckers can use it though.. I am not sure it covers Diesel.. I did not look into that aspect. But it is definitely a good idea.