MyGallons! You (don't) have to click here! *ADMIN warning - this is likely a scam*

[downshift_sideways]

Mygallons.com Web site May Help Save Gas Money for Drivers


As anyone who owns a car and drives him or herself knows, gas prices keep getting higher. Of all places to turn to for relief, few probably envisioned that a website called Mygallons.com could provide any help. But Mygallons.com is proposing to do just that for drivers who want some form of cheap gas. True, the Internet is hardly a place to pump gas from, and Mygallons.com doesn't bring the gas to you directly. However, the Internet can help you purchase all kinds of products on line, so now Mygallons.com adds gas to that list at a fixed price that could help your wallet later on.

http://a.abcnews.com/images/GMA/ap_pumping_gas_070723_ms.jpg (http://a.abcnews.com/images/GMA/ap_pumping_gas_070723_ms.jpg)Mygallons.com first requires you to log in and join the site. After you have done so, you can get a Mygallons card which can work to get your tank filled. Members of Mygallons.com can purchase gas online. The fixed price of your gas on the site will be the same as the average gas prices on the day you join. Although members will still likely pay about $4 for gas, the price will stay the same even if prices rise to 5 or 6 dollars in the coming months. When or if that happens, the customer will save a lot of money by redeeming their online purchases.

Once you're finished purchasing the amount of gas you want, your account will show how may gallons you have left on your card, your transaction history and the current price of gas on the site. Months later, the driver can swipe the card at the pump and automatically get the amount of gas you paid for earlier, without paying the higher prices of that day.

However, membership in Mygallons.com still costs a bit of money in of itself. There is a $29.95 membership fee for an automatic refill plan, while a membership plan for self-replenishment costs $39.95. However, once this is paid, the customer's Mygallons.com user card can be used at about 95% of the nation's gas stations. Customers will be alerted as to when their balances come close to zero so they can add additional gallons to their plan.

Mygallons is headquartered in Miami, Florida, and founded by CEO Steve Verona.


Sources

Mygallons.com- www.mygallons.com/

[lflkajfj12123]

yeah i heard about this on the radio coming back from class today

interesting

if you like slanging gas

[downshift_sideways]

I mean gas prices are only going to get higher and higher.

I've signed up...and awaiting my card.

[lflkajfj12123]

haha yeah

i would just slang gas to people for a 1 dollar under the price or something lol

hustlin

[TiNMAN]

someone try it out and report back. :)


i've been trying to find out what the catch is.

[speedgod^s13]

Yeah, it sounds too good to be true. What they are charging for membership, isn't even that much. Which to me, rings an alarm. True, millions of people could join, and that is a lot of membership income. But, the amount that people will save on gas, how will this company stay afloat? The profit margin, is just going to get smaller, and smaller. If this IS legit, count me and the whole state of Hawaii in.

[Gnnr]

Some more info

http://www.usnews.com/blogs/alpha-consumer/2008/7/1/locking-in-lower-gas-prices.html

Sounds a bit like a pyramid scheme, and the guy is from Miami so it sounds even more shady. If they're making money of the membership though, they must be figuring that their returns on interest will allow them to break just above even. Let us know if it works out for ya.

[exitspeed]

I have to admit I'm skeptical.

[just1pepsi]

so pumps will have special card readers or will the balance on the card go up with gas prices?

[stiizy]

^ i think it's just like a debit card thing..

Na i aint fucking with it rather just start buying barrels of race gas i saw 55 gallons for $268 of 103 octane.. 55 = 5 fill ups,, 5 fill up at pump at 45 a tank or regular which alot of us dont use.. throwin it out there..

But this sounds a little fly-by-night to me??

[VIPDRFT]

It's actually pretty straight forward. There are companies that do the same thing with meat and vegetables. Your basically buying in bulk ahead of time, which is a money saving practice with any product.

[steve shadows]

I mean gas prices are only going to get higher and higher.

I've signed up...and awaiting my card.

No they are going to start leveling off

it's called demand destruction. it will go up more but it's not going over 6 if it did there would be much bigger problems

[blueshark123]

i might sign up when the price of gas drops sux u can only buy regular gas i think.

[pbcstylez]

mygallons telling lies
Does anyone do homework anymore before writing or publishing a story? Looks like the answer is NO.


Here are the problems I see with mygallons.com site.


They state:

2000 members

Soft Launch in January


Problems:

Registered Domain in March

Registered company in April

Got SSL Certificate 2 weeks ago (Not possible to run credit cards without it)

Have testimonials on their site (Not possible since no site, no members and it takes 1-6 weeks to get card)

Site went live last week


Conclusion:

Not too good. They are not being honest and truthful. Make your own conclusion. Do I feel safe sending them my hard earned dollars, absolutely NOT

[BustedS13]

you know, between this and chrysler promising "2.99 a gallon" for whatever... i half expect gas to go down.

[Gnnr]

It WILL go down. It always does around September, its always highest in the summer just look at this chart

http://www.gasbuddy.com/gb_retail_price_chart.aspx

Unless of course the US Dollar keeps getting weaker OR other leading currencies get stronger

[S14DB]

and the scam begins...
Gasoline seller MyGallons.com gets 'F' from Better Business Bureau
A report questions how MyGallons.com processes transactions.
By Elizabeth Douglass, Los Angeles Times Staff Writer
July 4, 2008
With gasoline prices at nosebleed levels, MyGallons.com sounds like a great deal: Pre-purchase gasoline through the website and save cash as the price climbs.

But pumpers should beware.

In a new report, the Better Business Bureau gave Miami-based MyGallons.com an “F” rating, citing what it called "a material omission of fact" in the publicity material distributed as part of the service's launch Monday.

"It's just like in school, so 'F' is obviously bad," said Alison Preszler, a spokeswoman for the bureau. "We're not calling this a scam. . . . We just have serious concerns."

The company said its gas- redemption program used the Voyager fleet network, a bank-card processing service owned by U.S. Bank. But it has become clear that MyGallons.com doesn't have a deal with the bank and currently doesn't have any other card processor in place, Preszler said.

"This is obviously a huge red flag for the Better Business Bureau, because they don't have the most basic system up," she said.

MyGallons.com founder Steven Verona said it had an agreement to use the Voyager network through a regional reseller and had processed its card transactions through that system during a three-month trial that recently ended. Verona said he believed his contract was still in effect when he issued the news release about the program's launch.

Verona supplied the Los Angeles Times with an electronic copy of a June 15 invoice from the reseller, Go Gas Universal. The bill, which includes an account number and MyGallons' address, lists a total due of $847.70 for 208 gallons of gas purchased in Arizona, Florida, Pennsylvania and Ohio.

"We had an agreement with them. We've agreed to go our separate ways, and we are replacing them with one of their competitors," Verona said in an interview Thursday. "We'll have a big announcement on Monday or Tuesday with the replacement."

Minneapolis-based U.S. Bancorp provided a statement Thursday saying: "Neither U.S. Bank National Association ND, nor Voyager Fleet Systems Inc. have a contract to do business with MyGallons.com LLC, and there are no ongoing negotiations to enter into any agreement with MyGallons."

U.S. Bank didn't say whether it once had a contract with MyGallons.com, either through the bank or through a regional reseller, and a spokeswoman was unable to immediately verify MyGallons' claims about Go Gas. Officials at Go Gas Universal couldn't be reached.

Verona was surprised to hear that his company had been given an "F" grade. "I'm looking forward to straightening this out with the Better Business Bureau," he said.

The report was posted Wednesday by the Better Business Bureau of Southeast Florida and the Caribbean.

"They're saying to the public, here are the gas stations where you can go and use this card. Yet there's no ability for the card to be utilized," said Michael Galvin, a vice president at the Florida bureau. "They have to prove to us that they're doing what they're supposed to be doing, and right now their advertising is erroneous."

The bureau made no assessment of MyGallons' business model, which allows consumers to contract to buy gasoline at current prices and store the credit on a debit-like card. The company said the prepaid gas card could be redeemed at a long list of filling stations, including major brands such as Shell and Chevron.

Annual memberships cost $29.95 or $39.95 and there is a $1.95 fee each time customers refill their cards.

MyGallons said it was investing most of the customer money in low-risk accounts, with 20% of it used to purchase fuel-price hedges.

A similar membership service from GasBank USA is set to launch this year. The Boynton Beach, Fla.-based company also would issue debit-like cards that could be used at nearly any gas station -- but the company's website doesn't say who will process the financial transactions.

In 2000, a Priceline.com affiliate launched a program that allowed users to name their price for gasoline, but the unit, Priceline WebHouse Club, went out of business later that year.

Verona, 39, has been involved in a string of companies including DB Net Ventures Inc. in Upper Darby, Pa.; Jewish Jeans Clothing in Columbus, Ohio; and an online store called Pursue Peace Clothing. Verona confirmed that he filed for personal bankruptcy in Ohio in 2001.

MyGallons.com's Monday launch got widespread publicity. Verona said the site had signed up 6,000 members. Customers will be sent cards once the company finalizes a deal with a replacement processing firm, he said.

"Things are going great," Verona said in an interview. "We've gotten a tremendous response from the public, and we're very excited."
http://www.latimes.com/technology/la-fi-mygallons4-2008jul04,1,7601156.story


Apparently some company's in the Northeast did this with fuel oil for heating homes over the winter and left a lot of people with vouchers they couldn't use.

I wouldn't send them a cent till you can actually redeem your gas.

[TiNMAN]

gas prices are suppose to go down during the 3rd and 4th quarter

[DALAZ_68]

I mean gas prices are only going to get higher and higher.

I've signed up...and awaiting my card.let us know indeed...i wouldnt mind investing in this :bow:

[mrmephistopheles]

Added a disclaimer to the title.

[CrimsonRockett]

Gas has already started going down.

Well, where I usually fill up, it was $4.56 for 91 today compared to a few days ago at $4.89.

No need to fall for these stupid scams.

[unwed_transient]

I mean gas prices are only going to get higher and higher.

I've signed up...and awaiting my card.

and the scam begins...

http://www.latimes.com/technology/la-fi-mygallons4-2008jul04,1,7601156.story


Apparently some company's in the Northeast did this with fuel oil for heating homes over the winter and left a lot of people with vouchers they couldn't use.

I wouldn't send them a cent till you can actually redeem your gas.

pwnt. let us know how that turns out.

[Pank]

Jewish Jeans Clothing in Columbus, Ohio

hahahaha
what?
hahahahah, ridiculous name

[I10cruiser]

consumer report gave them a F

[an_orange_s2k]

i've heard of something similar to this in the midwest..people actually have a "gas bank" where they bought gas back in the day for $1 or so/per gallon and still have a bunch today. it was on the news a while back so i thought it was legit.

this one is just kinda weird...same concept but no references