PetroFix: Stay Immune To Gas Price Increases

For people who drive cars on a daily basis, changes in gas prices have a direct impact on their budget. Considering the volatility of gas prices, imagine if you could hedge against future gas price increases and make sure you never have to pay too much for Gas. Petrofix lets you do just that. It lets you lock in a fixed price for a gas, so even when the gas price increases you won’t incur any additional costs.

How it works:

1. Sign up and estimate your personal monthly fuel consumption online
2. Buy a plan. Lock-in the gas at the current price for 3 to 24 months.
3. If prices go up, you will get a refund for the price difference. If prices go down, you can buy the gas at cheaper actual rates

This service works well, if you are certain that gas prices will increase in the future. On the other hand, if prices go down, you will benefit from lower prices but will still have to pay the fee for each booked gallon over the period of your plan (around $0.28 – 0.40 per gallon, depending on the lock-in period).

See PetroFix explained on CNN Energy Fix.

Features:

• Hedge against future gas price increases by locking-in a fixed price for a gas
• Lock-in a fixed price for 3 to 24 months
• Estimate your fuel consumption online
• If gas prices increase, receive money refund from the company for the price difference

Check out PetroFix @ www.petrofix.com (via TechCrunch)