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Old 01-20-2015, 09:43 AM   #1
Scalded Dog


 
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Pay now, reap the benefits later: Gasoline

Has anybody tried using any of the alleged services such as mygallons.com? This is a service that offers to let you pay for gasoline at today's prices, then use those gallons later. If the price goes back up... sorry, I mean WHEN the price goes back up... you are still getting gas at the prices you originally paid.

Say, today gasoline is $2.00/ gallon... you pay for 500 gallons. You are now allotted 500 gallons of gasoline to use, no matter what the FUTURE price. If it's $6.00/ gallon later, you still have 500 gallons at your disposal, already paid for.

I'd love to just buy some 55- gallon drums of gasoline (at today's prices!), but the logistics of that just don't work for me. Gasoline degrades over time, and the idea of having those giant bombs on my property doesn't sit well with me, the family, or the fire dept.

So, this service seems to be another option, but I've also heard rumors of this (mygallons.com) being a scam, a rip-off, unstable. However, I don't know if that's just OPINION from those who scoff at any money- saving idea, or if it really is a sketchy prospect.

Anybody done it, used it, tried it? mygallons.com, or any other similar service?
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Old 01-20-2015, 10:25 AM   #2
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Dude, take your sandwhich out first before filling up the bag!! Be smart!!!
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Old 01-20-2015, 10:26 AM   #3
Zslash28
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Sounds interesting. Subscribed.
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Old 01-20-2015, 10:31 AM   #4
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Quote:
Originally Posted by Scalded Dog View Post
Has anybody tried using any of the alleged services such as mygallons.com? This is a service that offers to let you pay for gasoline at today's prices, then use those gallons later. If the price goes back up... sorry, I mean WHEN the price goes back up... you are still getting gas at the prices you originally paid.

Say, today gasoline is $2.00/ gallon... you pay for 500 gallons. You are now allotted 500 gallons of gasoline to use, no matter what the FUTURE price. If it's $6.00/ gallon later, you still have 500 gallons at your disposal, already paid for.

I'd love to just buy some 55- gallon drums of gasoline (at today's prices!), but the logistics of that just don't work for me. Gasoline degrades over time, and the idea of having those giant bombs on my property doesn't sit well with me, the family, or the fire dept.

So, this service seems to be another option, but I've also heard rumors of this (mygallons.com) being a scam, a rip-off, unstable. However, I don't know if that's just OPINION from those who scoff at any money- saving idea, or if it really is a sketchy prospect.

Anybody done it, used it, tried it? mygallons.com, or any other similar service?
I never heard of mygallons.com but the BBB gives them a big "F" and while they do not say that it is a scam, they actively warn the public to avoid using them.

From what I could find, mygallons.com keeps track of your gallons by issuing you a Voyager fleet card. I don't know about you but most places around me does not accept fleet cards, in fact Wal-Mart is the only place that does. Also they only guarantee your "locked in" price in the city you register in when you first sign up of the program. So if you travel somewhere and have to stop and get gas it is worthless to you.
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Old 01-20-2015, 10:59 AM   #5
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Thanks for the comments/ info.

Just a few moments ago, as I was trying to Google mygallons.com, there was a comment from somebody saying that mygallons.com had spawned moregallons.com... and, looking at THAT site, one cannot help but notice remarkable similarities.

Both sites, however, seem sort of sketchy... moregallons' pages are mostly blank, as though the site may be under construction.

I'm also a little skeptical of the fees required to join/ purchase fuel from mygallons... there are a number of flat fees and percentage fees which make me question just how much one will end up paying. It seems very nebulous, too, with things like, "When you purchase fuel, your membership fee will be deducted." I have no idea what that means, but I suspect that the first $30 that you give to them does not purchase fuel, but simply gets your name on the logbook.

Along with the BBB's "F" ratings, I find myself very skeptical. I have also been unable to find ANY reviews online from people who have used the service. I would THINK that anybody using it would have an opinion, and would holler somewhere, either cheering or jeering. But, maybe they still haven't had their first customer(!?!)... and I am not going to volunteer to be the guinea pig. The concept is cool, just not sure about the execution...
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Old 01-20-2015, 11:10 AM   #6
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The "Forever Stamp" of gasoline.
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Old 01-20-2015, 11:15 AM   #7
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I do this withthe local propane company for the house. Works good and has already saved over $600 on this year's heating bill. Don't think I would do it for go juice...too impersonal.
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Old 01-20-2015, 11:57 AM   #8
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..save up for a proper portable gas can, first.
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Old 01-20-2015, 03:56 PM   #9
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Quote:
Originally Posted by pickwithaustin View Post
The "Forever Stamp" of gasoline.
My first thought too.
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Old 01-20-2015, 06:19 PM   #10
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This is essentially buying gasoline futures.

It's perfectly legal, but like any other investment, it's a gamble.

It sounds like the fee structure is set up to protect them from price increases.
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