Hedging gasoline - Fuelly Forums

Android Users - Coming Soon! - Migrating from aCar 4.8 to 5.0

Reply
 
Thread Tools Display Modes
 
Old 03-23-2007, 07:08 AM   #1
Registered Member
 
zpiloto's Avatar
 
Join Date: Mar 2006
Posts: 1,225
Country: United States
Hedging gasoline

Does anyone in Minnesota belong to this. I've had this idea for awhile but it not an option here. I think it would be something that would work but timing is everything.
__________________

zpiloto is offline   Reply With Quote
Old 03-23-2007, 07:47 AM   #2
Registered Member
 
Join Date: Oct 2005
Posts: 682
Country: United States
We buy a lot of natural gas here. I think hedging gives price STABILITY, but not the best overall price.
__________________

__________________
Capitalism: The cream rises. Socialism: The scum rises.
Sludgy is offline   Reply With Quote
Old 03-23-2007, 07:51 AM   #3
Registered Member
 
omgwtfbyobbq's Avatar
 
Join Date: Jul 2006
Posts: 1,516
Country: United States
Depends how long you hedge and what the price is/does. Iirc, as long as the fuel lasts for a few years, simply hedging in the winter's a good bet, since prices are generally higher in the summer. I recall reading something about an older gentleman who had a 500 or 1000 gallon storage tank and bought when prices were ~$1.50-1.80 a gallon. Sufficed to say, gas went to $3 a gallon within a year and he still hasn't burned through all of it... Hedging all the way to the bank in that case.
__________________
Quote:
Originally Posted by FormulaTwo
I think if i could get that type of FE i would have no problem driving a dildo shaped car.
omgwtfbyobbq is offline   Reply With Quote
Old 03-23-2007, 08:44 AM   #4
Registered Member
 
Join Date: Mar 2007
Posts: 1,138
Country: United States
Definitely a fun concept, and a great option for people who find themselves complaining about the rise and fall of gas prices. I think that more of the nationwide discounters will start doing this in the next couple of years.
__________________
Bill in Houston is offline   Reply With Quote
Old 03-23-2007, 11:22 AM   #5
Registered Member
 
zpiloto's Avatar
 
Join Date: Mar 2006
Posts: 1,225
Country: United States
It's huge for the airlines(large volumes). That's one of the reason Southwest Airlines was making profits while other carriers were hurting. They had more free cash to buy larger quanities. If I could figure a way to keep it freash I buy a 500 gallon tank. That would last the family a year. Summer is right a round the coner you know it will jump 10-15 cents at least.
zpiloto is offline   Reply With Quote
Old 03-23-2007, 11:22 AM   #6
Registered Member
 
zpiloto's Avatar
 
Join Date: Mar 2006
Posts: 1,225
Country: United States
Quote:
Originally Posted by omgwtfbyobbq View Post
Depends how long you hedge and what the price is/does. Iirc, as long as the fuel lasts for a few years, simply hedging in the winter's a good bet, since prices are generally higher in the summer. I recall reading something about an older gentleman who had a 500 or 1000 gallon storage tank and bought when prices were ~$1.50-1.80 a gallon. Sufficed to say, gas went to $3 a gallon within a year and he still hasn't burned through all of it... Hedging all the way to the bank in that case.
What does Iirc mean? I seen that in several of your posts.
zpiloto is offline   Reply With Quote
Old 03-23-2007, 11:55 AM   #7
Registered Member
 
omgwtfbyobbq's Avatar
 
Join Date: Jul 2006
Posts: 1,516
Country: United States
Depends who you ask. Even though it's pretty much the same thing either way.
__________________
Quote:
Originally Posted by FormulaTwo
I think if i could get that type of FE i would have no problem driving a dildo shaped car.
omgwtfbyobbq is offline   Reply With Quote
Old 03-23-2007, 04:18 PM   #8
ELF
Registered Member
 
ELF's Avatar
 
Join Date: Jan 2007
Posts: 245
Country: United States
Quote:
Originally Posted by zpiloto View Post
What does Iirc mean? I seen that in several of your posts.
I never knew what that meant either



I live to far from any of those gas stations for me to join. But I would love it if they had something closer to me. I like to buy in bulk, or stock up on things that are on sale so I would like having the option to buy gas in advance.
__________________
ELF is offline   Reply With Quote
Old 03-23-2007, 04:20 PM   #9
*shrug*
 
Join Date: Sep 2005
Posts: 6,195
Country: United States
If I recall correctly, IIRC is an acronym for some phrase...
SVOboy is offline   Reply With Quote
Old 03-23-2007, 11:39 PM   #10
Registered Member
 
Join Date: Sep 2006
Posts: 409
Country: United States
I-f
I-
R-ecall/Read/Remember
C-orrectly

IIRC

__________________

__________________
red91sit is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Spoiler Joestralia Fuelly Web Support and Community News 11 01-19-2013 05:10 AM
Combined totals of all my vehicles? nizationpcs Fuelly Web Support and Community News 0 03-30-2009 07:41 AM
Do other drivers ever get pissed off at you? LincolnW General Fuel Topics 174 10-26-2007 09:47 AM
Ted Hart - please send me your email address Matt Timion Fuelly Web Support and Community News 0 08-22-2006 10:51 AM
"active" aero grille slats on 06 civic concept MetroMPG General Fuel Topics 21 01-03-2006 01:02 PM

Powered by vBadvanced CMPS v3.2.3


All times are GMT -8. The time now is 10:39 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.