Gas Price = Fixed Rate

Ok, this morning as the gas pump was draining my wallet at $3.25/gallon I thought of something I would love to see implemented.

So, tell me why fixed rate mortgages are so prevalent and appealing?

Do they benefit the consumer? Yes. Do the mortgage companies still make a ton of cash? Yes

Why not implement the same type of buying model for gasoline?

The concept is simple, you go into your favorite Quickie Mart and buy a set volume of fuel at a set price. "I'll take 100 gallons at $2.99/gal." Slap down your credit card and walk out with your little punch card.

Then you can continue to cash in those gas credits at the set price from the same store or franchise, with the credits expiring 1 year from issue.

Now, you may be saying why in the world would the oil companies or the local gas stations be interested in this model? Well, why do the banks sell so many fixed rate mortgages?

At some point the price may dip down to $2.50/gal especially in the winter months but when it goes up to $3.50 you will feel good cashing in your tickets.

The Post Office is offering something similar now with the Forever Stamp.