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Gas prices....Purchasing in advance

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Old 01-18-2007, 01:17 PM
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Default Gas prices....Purchasing in advance

Gas prices are down now, I'm in Michiagan. I have been trying to pre-purchase 1000 gallons+., Basiclly I buy now at the current price
and use as I need it....mostly next summer...like taking it out of the gas bank...Nobody will do this....I don't want a storage tank just a prepurchase...Has anyone tried this???
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Old 01-18-2007, 01:28 PM
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Default Re: Gas prices....Purchasing in advance

I have done the same thing with my propane, but never asked about gasoline. I prepay in the summer months for the next seasons propane. Usually I come out to the good.
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Old 01-18-2007, 01:42 PM
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Default Re: Gas prices....Purchasing in advance

Probably too small a quantity. Many fleets and Gov't agencies purcase on contract and lock in a price
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Old 01-18-2007, 01:49 PM
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Default Re: Gas prices....Purchasing in advance

Would Be Nice to be able to get Instead Of A $50 Dollar Gift Card You Could Buy A 50 Gallon (or How Ever Much You Want) Gift Card At That Days Price
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Old 01-18-2007, 02:20 PM
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Default Re: Gas prices....Purchasing in advance

This is probably what you need to do...

http://www.infinitytrading.com/unlea...s_options.html
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Old 01-18-2007, 07:43 PM
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Default Re: Gas prices....Purchasing in advance

Quote:
Originally Posted by db71 View Post
Does anyone do this type of trading I am intersested in it and would like to know more about it. That site was very helpful
Just make sure you have a lot of money you can afford to lose if you don't know what you are doing.
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Old 01-18-2007, 07:54 PM
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Default Re: Gas prices....Purchasing in advance

Find a small supplier to sell you gas. You will need your own storage tank. But you only need maybe a 300 gal tank. Out in the country the supplier will supply the tank a lot of times. Then pre pay what you want to and have them deliver it as you need it.
Stay away from the commodities. Unless you have very thick skin and a big bank account.
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Old 01-18-2007, 08:06 PM
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Default Re: Gas prices....Purchasing in advance

I have my own tank "550gal" an ask my supplyer and he said he could'nt do it, prebuy for kero only. but he had contract with all schools in the county." big money" that he lost his azz on last year. but his supplyer says no to gas.
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Old 01-18-2007, 10:43 PM
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Default Re: Gas prices....Purchasing in advance

Hmm, we do it with diesel just about every year. Off road and road diesel. I've never checked on gas.
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Old 01-18-2007, 10:59 PM
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Default Re: Gas prices....Purchasing in advance

Do a little research and find an energy mutual fund. Deposit some money in the fund. As the price of energy goes up so will your fund. This way you have hedged your costs.
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