Link here for home page -- tells you what the concept is.
This is the current price chart for gasoline and other finished products. The site will be linked at my "Data Links" tab.
Four-Fifty Gas.com alerted me to it. Thank you. Four-Fifty Gas is linked at the bottom of the sidebar on the right.
Interesting, the fuel bank basically "stores" your fuel for you.
ReplyDeleteI would be curious to know to what extent their advance purchases have declined with the gas price run up. Thats what I would expect. Not that consumers actions would be indicating a drop in demand. That could be part of it but as we all know, it just gets more expensive to prepay and the bank traffic would be an indicator of demand in some respect.
I simply love American ingenuity. Who would have ever thought that one could make money storing gasoline for others. Just like the airlines, one can hedge your bets on which gas price of fuel will be going.
ReplyDeleteOr something parents could buy for their teenage drivers.
Fuel is fuel so this is really a retail level futures contract. First Fuel Bank has been around since 1982. The earliest "lock-in" price was around one-dollar a gallon for unleaded.
ReplyDeleteWhat is most interesting is watching the "spread between pre-pay lock and pre-pay spot. The current fifty-nine cent spread is far higher than I have seen it before. http://www.firstfuelbanks.com/ChooseChart.asp
The monthly online newsletter is worth the read.
http://www.firstfuelbanks.com/FTPShare/FuelTalk/fueltalk.pdf
I wish I had bought thousands of barrels years ago. I could be trading those barrels on eBay. Ha.
ReplyDelete