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Fuel Economy Forum for people to discuss their mileage and ways to improve it.

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Old 07-03-2008, 06:26 PM   #1 (permalink)
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MyGallons.com

check this out... what do you think? found this on finance.yahoo.com

How it works below.

1. Become A Member Of MyGallons

Sign up and become a member of MyGallons. Similar to joining any other price club such as Sam's, COSTCO, etc., there is an annual membership fee of $29.95* backed by our 100% money-back guarantee*:
If you do not save money on at least one redemption throughout the subscription year, we will refund 100% of your first year's membership fee. Upon signing up, your MyGallons Card will be sent to you. You will also receive additional cards that you can give to family members or friends to activate.
2. Pre-Purchase Gas At Your Current MyGallons Prices

Pre-purchase fuel at your current MyGallons price – Once you have logged in, you will be able to access your MyGallons account. You will see how many gallons of fuel you have available, transaction history, current price for purchasing more fuel, etc. You will also have the option of pre-purchasing fuel to add to your account at your current MyGallons price. The price of fuel frequently changes. The quote you see on your screen is good for making a pre-purchase at that point in time. When you pre-purchase fuel, you are locking-in the price on the gallons you are purchasing at that moment. Your “MyGallons price” refers to regular unleaded fuel and includes estimated taxes based on your location. You will add gallons to your account at any time except as described in 3 below.
3. Pump Gas

When you are ready to fill up your vehicle, simply visit any of the over 200,000 participating filling stations. (See Location Finder). Using your MyGallons Card is as easy as using a debit card and it is accepted at virtually all stations that accept credit cards. The number of gallons pumped is deducted from your MyGallons account balance. Please note that an adjustment, in gallons, will be made to your account balance if you choose a more expensive grade/type of fuel such as premium or diesel. In some circumstances, adjustments will be made to your account balance to reflect price differences caused by location, typically resulting from tax discrepancies between your home and redemption areas. For example, you will receive a credit in gallons if you fill up at a price significantly lower than the average price in your home area on the same day [or a debit in gallons if you fill up at a price significantly higher than the average price in your home area on the same day]; Be sure to log into your MyGallons account regularly to check your balance and be certain that you have enough fuel available to fill your vehicle. Please note that some filling stations can take up to 72 hours to report transactions. Therefore, the balance shown in your MyGallons account will not include more recent transactions.
*Cost of annual membership is $29.95 when enrolling in the auto-refill program. Cost of annual membership is $39.95 for the manual refill program.
Other MyGallons Benefits
  • • Manage all of your gas expenses through one card
  • • Limit access of family members or employees to only fuel purchases
  • • Higher gas prices only increase the amount you save
  • • Easy, automated purchases of gasoline
  • • Maximize your savings with MyGallons
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Old 07-03-2008, 07:28 PM   #2 (permalink)
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Took a quick look at the site.

I would have to use a lot more gas to possibly make this work.

There is a $39.95 yearly fee for starters with a $1.95 per purchase charge. I'll assume that every 2 months I purchase more gallons so that for the year I am paying $11.70 for purchase charges or $51.65 a year to play. To avoid purchase charges I have to buy a lot of gas credits way in advance, with the potential that I won't use them because gas prices are flat.

My consumption for the last 7 months was 149 gallons or a projected 255 gallons per year.

Just to break even I need to save on average $0.203 per gallon.

Add in some charges for buying at a higher than average station, which I may well do as I go to a station that advertises Zero Ethanol at usually a $0.05 premium, and I'm losing again.

I haven't seen much price fluctuation in the last 4 months, it's been stuck in the $3.87-3.95 range. I'd have seen no benefit and I'd have lost money if I used my gas credits.

If you like gambling this might be fun though.

Could be just as fun to track how you would have done using this plan before laying out real money. Though it looks like you have to signup before the nitty gritty details like what is the current price in my location.
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Last edited by worthywads; 07-03-2008 at 07:35 PM.
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Old 07-03-2008, 07:28 PM   #3 (permalink)
THIS SPACE FOR RENT
 
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Sorry to burst your bubble:

http://www.latimes.com/business/la-f...,5410778.story
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Old 07-03-2008, 07:40 PM   #4 (permalink)
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Quote:
Originally Posted by humanoid View Post
So somehow the company launched 3 days ago, and no one has yet received their card, but there are 4 glowing "Testimonials" about how much money these ficticious members are saving.

Bubble is imploding.
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Old 07-04-2008, 10:33 AM   #5 (permalink)
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interesting find.... thanks for that..


I thought it was a good idea though....
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Old 07-04-2008, 01:57 PM   #6 (permalink)
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I heard about this on CNN just a few days again. I was gonna check it out, but forgot about it.
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