Everybody can be an “evil” speculator
Things are busy, busy, busy, but I had to stop and check out a site I heard on the news this morning. The site is MyGallons.com, and it lets you pre-purchase gas at today’s price. You can fill-up with your pre-purchased gasoline at certain gas stations without having to worry about any price hikes. So, for example, if your purchased 100 gallons of gas at $4.00 today and the price jumps to $5, you can still go to participating gas stations and pick up 100 gallons.
There are a few catches, though. There is an annual fee of $30-$40, and I think there are some small fees on transactions. I don’t know enough about how prices fluctuate to know if it’s worth the investment, and I especially don’t know if it’s worth the time to find out. Still, I like the fact that there some people are able to find creative solutions for today’s situation. If anything, this company should be an example as to the possible alternative ideas that could come about if individuals were free to find them and act on their ideas.
Tags: [gas prices, speculation]