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July 1, 2008

Lock It Up And Throw Away The Key

By David

aka Highspeedhijinks

Right now a trend that’s beginning to pick up steam is locking in existing gas prices. Dot-com companies that allow you to buy your gas in bulk for a set market price are popping up all over the web. Through the use of debit-like cards, the company keeps track of how many gallons you purchase and applies that to your locked-in price for gas. Personally I think it’s an ingenious idea for the consumer–but if I was to sign up, I’d just like to know a little more about how it works on the back end. Do you think this price "lock in" has a future among the driving public, or is this just another fad to go with the times?

Comments

Dhillaz
Jul 5, 2008 at 4:26 pm

I hope not many people find out about this: it’s basically panic buying, and can seriously mess up the economy. However, I wouldn’t blame you for doing it: seems like a good deal.

i_luv_dusty
Jul 2, 2008 at 1:02 pm

Wow. So now, in addition to speculation on crude oil futures, the public has access to speculation on gasoline futures…

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