Gas prices are always going up, I can't remember a time when they dropped significantly for any lengthy duration. I'm going to be spending that money on gas anyway, why not pay it all at once and save a couple bucks?
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Todays Hot Topics Good news for consumers? A company has begun selling tomorrows gas for todays prices. You can go to MyGallons.com and start an account with them. You then purchase future gas at todays prices. That’s right!
Todays gas prices locked in for use at a future date! So for example if you purchase 100 gallons at $3.95 per gallon you would spend $395.00 today.
Let’s say next week gas costs $5.95 per gallon, you could then use your account to purchase gas at $3.95 per gallon rather than $5.95 per gallon up to the number of gallons you purchased.
It’s a prepaid gas plan. Sounds like the MyGallons.com has got a great idea as long as gas prices are going up. However, is a gamble.
Something crazy might happen, like some genius discovers a way to turn cockroaches into fuel - prices plunge - and you are left with a hundred gallons of gas at high prices.
However, we don't know. If you use MyGallons.com you will be at your own risk.
Who knows what will happen to the price of my gallons after this elections or after car companies start mass producing electric powered cars?
Source: Reported by Your Hot Topics http://yourhottopics.wordpress.com/
Posted July 1st, 2008 by Armen Hareyan
Gas prices are always going up, I can't remember a time when they dropped significantly for any lengthy duration. I'm going to be spending that money on gas anyway, why not pay it all at once and save a couple bucks?
this seems to me to be illegal. I believe this gives the manipulators another way to fleece the public.
Read the comments on the LA Times Blog. Looks like all of the details and an in depth investigation took place and details are posted in link below. The outlook for mygallons isn't looking to good. Looks like a scam.
http://travel.latimes.com/daily-deal-blog/index.php/mygallonscom-july-1--2146/
The bankruptcy and previous corporations of the owner who wants you to buy prepaid gas cards at mygallons.com. Escrow accounts are not protected from bankruptcy proceedings as mentioned in article.
www.webofdeception.com
Here are the problems I see
Here are the problems I see with mygallons.com site.
They state:
2000 members
Soft Launch in January
Problems:
Registered Domain in March
Registered company in April
Got SSL Certificate 2 weeks ago (Not possible to run credit cards without it)
Have testimonials on their site (Not possible since no site, no members and it takes 1-6 weeks to get card)
Site went live last week
Conclusion:
Not too good. They are not being honest and truthful Make your own conclusion