taxmantoo said:Sparhawk24 said:Not for nothing, but there's another way to hedge your gas prices: buy the ETF named UGA:

Works fine if you are expensing the gasoline in your business. Otherwise the gas you buy is a nondeductible expense and the gains on the hedge are taxable.
On the flip side, if gas prices did go down, you'd have a loss to apply elsewhere on your return. So just buy a few extra shares of UGA to cover the tax burden.

So is anyone else going to give it a shot?

chymystry said:
We need several hundred nuclear power plants now. Sadly, that won't happen either because the knee jerk anti nuclear reaction.

Whoa.....several hundred? The latest nuke project in Tampa, FL was projected initially to cost $5B, that moved to $10B and now they are saying it will come in at $18 billion.

Several hundred plants at $18B equals a lot of arithmetic, don't cha think?

snoopdeal said:chymystry said:
We need several hundred nuclear power plants now. Sadly, that won't happen either because the knee jerk anti nuclear reaction.


Whoa.....several hundred? The latest nuke project in Tampa, FL was projected initially to cost $5B, that moved to $10B and now they are saying it will come in at $18 billion.

Several hundred plants at $18B equals a lot of arithmetic, don't cha think?

I'm personally not sure about several hundred, but ...

Here's some more arithmetic:
20 million barrels of oil per day imported into the US at $140/barrel = $2.8 billion dollars of oil per day = $1.022 trillion of oil imported per year at current cost. Ouch.

By using a calculator and some simple math:

If you drive 15k miles per year and get 20 mpg in your SUV, it would only take a rise of 1% (yes, ONE PERCENT) in gas prices (at $4 per gal) to recoup your initial $30 annual fee. As long as you're responsible and keep track of your spending by not going over, you save $$$ if gas goes up more than $0.04 per gallon (in this scenario).

jayK said:snoopdeal said:chymystry said:
We need several hundred nuclear power plants now. Sadly, that won't happen either because the knee jerk anti nuclear reaction.


Whoa.....several hundred? The latest nuke project in Tampa, FL was projected initially to cost $5B, that moved to $10B and now they are saying it will come in at $18 billion.

Several hundred plants at $18B equals a lot of arithmetic, don't cha think?We spend $18B every two months in Iraq. If the war had ended 4 years ago, we would have been able to build 24 nuclear plants with the money saved.

That's not even including cost reductions from bureaucratic streamlining, economies of scale, and technology improvements. if only everyone understood that !!!!!!!

kringan said:Can we get some snapshots of how the website works when logged in ? I hope I am not asking for too much
I'll see what I can do

Call me conservative. I still prefer my steady 5% Cash Back from AMEX Simplycash on gas purchase. Like several posters have mentioned, this company can go out of business very fast (hello screwy Sunrocket??? I still have some several months of prepaid service....he he he). When it's out of business, I don't think we will be getting our gallons back.

BETTER BUSINESS BUREAU
Company Report
Company Report Details

MyGallons LLC
1221 Brickell Avenue Suite 900
Miami,, FL 33131
Contact: Steve Verona
Phone: (888) 320-7090

Company Rating: "F"

Rating Explanation:
The rating the Better Business Bureau assigns a business is determined by our composite score of such factors as its type of business, length of time in business, compliance ...

» Full Rating Explanation
Company Profile
DBA: MyGallons LLC
# Other DBAs: MyGallons LLC
# mygallons.com
Address: 1221 Brickell Avenue Suite 900
# Miami,, FL 33131 Other Addresses: 1221 Brickell Avenue Suite 900
Miami,, FL 33131
# Primary Phone: (888) 320-7090 Other Phone Numbers: (888) 320-7090
# (561) 386-8064
Primary Fax: Other Fax Numbers:
Primary Contact: Steve Verona
# President Other Contacts: Steve Verona
President
# Customer Service

# Website: http://www.mygallons.com Other Websites: http://www.mygallons.com
Company ID: 92009744
Business Start Date: 4/14/2008
BBB Created Record on: 7/2/2008

Nature of Business:

This company's business is pre-paid gasoline cards.

Bureau Membership

Join Date:
This company is not a member of the Better Business Bureau. This fact does not disparage the company in any way.

Licensing and Bonding Information

This company is in an industry that may require licensing, bonding or registration in order to lawfully do business. The Bureau encourages you to check with the appropriate agency to be certain any requirements are currently being met.

BBB Comments and Analysis
This company first came to the Bureau’s attention on July 1, 2008. According to the company's website they are offering a gas card program allowing consumers to purchase a chosen number of gallons of gasoline at the current average rate in their area. The company further claims that by investing its members money in a hedge fund the card will be good for future purchases at participating gas stations even if the price of gas should increase. There is an annual membership fee ranging from $29.95 to $39.95, depending on the program you choose. Florida corporate records show the company is located in Miami, Fl. The company’s website FAQ states that “the card is currently accepted by more 95% of the filling stations in the United States”, however on July 2, 2008 the BBB was informed by MyGallons founder Steve Verona that their negotiations with US Bank’s Voyager program have broken off and they currently do not have a vendor to process transactions with the gas stations listed on their website. Other reports indicate that similar programs instituted in the Northeast last year for pre-paid natural gas purchases resulted in several companies leaving their customers holding worthless paper. The BBB encourages consumers to carefully read and understand all of the terms and conditions of this offer. This information can be obtained from the company website: www.mygallons.com. This report will be updated as more information becomes available.

The following grid displays the number and responses to complaints over the last 36 months:
No. of Cmpl Type of Response
0 Making a full refund, as the consumer requested
0 Making a partial refund
0 Agreeing to perform according to their contract
0 Refusing to make an adjustment
0 Refuse to adjust, relying on terms of agreement
0 Unanswered
0 Unassigned
0Total

Complaint Experience
We have received no complaints against this company.

Government Actions
We know of no government action taken against this company.

Advertising Review
The Bureau is concerned that the company's advertising contains a material omission of fact. Specifically, while the website proclaims that any gas station in the US that accepts credit cards will accept the My Gallons Card, however the company has informed the Bureau that no contractual agreements to process the card have been made as yet.

Other Considerations
We know of no other matter or practice relating to this company that may assist you in your consideration of this company.

LINK

You know I just have to laugh, mostly at myself. Earlier this year I got screwed over by an internet company and if I had just looked at the BBB website I wouldn't of used that company. At the time I had said I was going to check any business I do online with the BBB to avoid it in the future. While I didn't sign up for this I was thinking of it and I didn't even think to check it on the BBB even though I went there for other companies.