Thursday, July 03, 2008

How much more can it rise?!

There is a fairly new and rather ingenius company that claims to want to save people money at the gas pumps. It is called MyGallons.com. What it allows people to do is to lock in at a certain rate and every time they go to fill their gas tanks, they will pay the agreed-upon price. From what I understand it is like a prepaid phone card. You buy the amount you want in advance and then you redeem it as you need it. You swipe your gas card and, voila! Your gas is paid for. All of the major gas stations accept it, which makes it fairly convenient. The one draw-back is the membership fee ($29.95), but that would not be a big deal if gas prices sky-rocketed in the near future and you bought enough to make it worth your while.

My only question in all of this, is how much can gas prices continue to rise?! Is there no end in sight?

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