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The airlines have been saving money by buying fuel at a capped price for years. So, I say why don’t us normal consumers get teh same benefit. If the consumer is willing to sign an agreement for 6 months of gas for a fixed price, then allow us to do it. Well The CEO of Gulf is saying that it is comng to a gas station near you.

There are a few stipulations to this capped gas policy. He says that the gas will be capped at a price a little higher than the going rate at the gas station, but if the daily price is cheaper than your capped rate, you can get it for the cheaper price. Most likely the gas won’t be capped much longer than 6 months. The only downside to this action is that the particular gas station you go to (Gulf, Citgo, BP, Shell, etc.) will have you sing up for their credit card. he claims that the margin is smaller nowadays for the gas station, but it sure as hell doesn’t seem like it.

This is a novel idea with a good purpose in mind. I’m glad to see that they are at least “trying” to accomodate the consumers and alleviate this gas price gouging problem. We’ll see if this idea even materializes.

via CNN Money