New Products | July 09, 2008 |
The Gas-Price Gamble
There are very few mechanical modifications that can be made to cars to save gas excepting getting a stack of batteries, converting to a hybrid or removing the floor and opting for Flintstones-style pedal power. So if you’re stuck with a regular ole non-hybrid, gas fueled car, you may as well lock in a gas price now before the going gets really rough.
That's the idea behind www.Mygallons.com, which gives customers the opportunity to reserve gas at current gas prices and redeem it later. The same idea is being used to sell SUVs, as some car manufacturers offer a duration of gas at current prices.
The Mygallons.com people are betting that gas prices ain’t faillin’. Members lose if gas prices drop -- or at least will have paid above market prices. Yet based on supply forecasts from the International Energy Agency, peak oil experts and our gosh darn intuition, gas is unlikely to fall significantly in price even if it fluctuates slightly. Which means that the people locking in prices with Mygallons.com are positioned to be able to afford to drive longer than the rest of us.


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