Comments on: MyGallons: Save Money on Gas?

By: John

John — Mon, 23 Feb 2009 20:56:30 +0000

It’s the $1.95 reload fee and the 30 cents per gallon adjustment for premium that’s the killer for me. I can see a 3% or 5% adjustment due to the commissions charged by the credit card but only if they offered their own credit service as an alternative. Premium is only 20 cents more per gallon than regular at most gas stations around here and my car requires premium. The reload fee means that the pre-purchase needs to be in as large a quantity as possible thereby negating any opportunity to dollar cost average or use a simple algorithm such as buy a few gallons daily whenever prices are stable or rising and to hold off when the prices are falling. The annual fee does seem high as well, especially since people like firstfuelbank.com charge a one time $1 membership fee, too bad firstfuelbank only serves a small area.

By: Wyche128

Wyche128 — Tue, 15 Jul 2008 20:39:10 +0000

Not a good service. It’s a shame that people are struggling and these types of deals are offered.

By: Festival of Frugality 134 | On Financial Success

Festival of Frugality 134 | On Financial Success — Tue, 15 Jul 2008 10:06:38 +0000

[...] The Sun’s Financial Diary’s MyGallons: Save Money on Gas? [...]

By: fathersez

fathersez — Mon, 14 Jul 2008 07:15:10 +0000

These guy just seem to be cashing in on a current fad, the fear of rising oil prices.

Would be interesting to see how these guys fare after a couple of months or so. Wonder if they would still be around.

By: Link roundup: Rat snake edition | Mighty Bargain Hunter

Link roundup: Rat snake edition | Mighty Bargain Hunter — Sat, 12 Jul 2008 03:58:20 +0000

[...] Sun’s Financial Diary talks about MyGallons.com. [...]

By: Stephen

Stephen — Fri, 11 Jul 2008 04:09:59 +0000

I heard that quote from the BBB too. The local news did a piece on mygallons.com and quoted the “F” rating as well.
That aside, turns out their “network” of gas retailers is non-existent. They’re in negotiations with getting a network, but have nothing setup yet. So you can’t even use it.

By: Sun

Sun — Fri, 11 Jul 2008 03:59:55 +0000

Eden: Yes, it doesn't look like it's a sound business. Actually, it's more like some people try to cash in on people's fear of high gas price. aa: I am not sure where you got the rate. I just checked BBB and MyGallons.com is still having a NR rating.

By: aa

aa — Thu, 10 Jul 2008 19:13:18 +0000

Are you showing us the service that the Better Business Bureau (BBB) rated “F�? just last week?

By: Eden

Eden — Thu, 10 Jul 2008 18:35:19 +0000

Wow! That looks like an absolutely horrible ’service’. I’m glad you laid out the facts to help save people from falling for something like this.