Atreides Posted May 8, 2006 Share Posted May 8, 2006 I read this story on Yahoo! news and it's an interesting one. Basically customers buy and pay for fuel at a fixed price now and can withdraw it at the pump at future dates as they require. The interesting part to me is that they can withdraw from their reserve as needed. If gas prices are high, withdraw at lower prices. If gas prices are lower than what you paid for your reserve, hold off. First Fuel Banks bills itself as the only retailer in the country where customers can buy gasoline for the future and hedge against rising prices. I'm not sure how the company makes money exactly but they did mention that they buy futures in the market. My guess is part of their plan is to make use of the up-front payments and invest it in other stuff. What do you guys think? Spreading beauty with my katana. Link to comment Share on other sites More sharing options...
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