Hedge against rising cost of fuel

Discussion in 'Lawn Mowing' started by Scagguy, Jul 3, 2008.

  1. Scagguy

    Scagguy LawnSite Bronze Member
    Posts: 1,522

    Ya'll might want to check this out www.mygallons.com After my fuel bills the last 3 months I signed up for it. For $30 it's a no brainer.
     
  2. brucec32

    brucec32 LawnSite Platinum Member
    Posts: 4,403

    Where was this last winter when I was looking for something along these lines?

    FYI, you can hedge against gas price increases simply by buying oil futures options or even stocks if you have enough free cash. I made enough in oil trust units in the last 2 months to buy several years of gas.

    I'd want to hear feedback on the reliablity of prepaying for anything these days. But it's interesting enough I'll read more.
     
  3. topsites

    topsites LawnSite Fanatic
    Posts: 21,653

    *Cost of annual membership is $29.95 when enrolling in the auto-refill program.

    erm...
    Doesn't that mean the card re-tanks itself?
    Which all this is going to do is drive the price at the pump even higher...
     
  4. Scagguy

    Scagguy LawnSite Bronze Member
    Posts: 1,522

    I've played the futures market myself and did well on oil. Took my profits from that and purchased more land. So, it's all good.
     

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