What is GasBankUSA?
GasBankUSA™ will be the first of its kind that allows consumers, businesses, fleets, and over the road truckers to lock in a fixed price for gasoline. GasBankUSA leverages consumers' concern for price stability in a commodity that fluctuates on a daily basis due to distant global events and media perceptions. For members who are concerned about rising gasoline prices, the ability to lock in the price makes budgeting easier and saves money. For drivers who travel more than 10,000 miles per year, the potential savings can add up to hundreds or thousands of dollars per year.
How Does It Work?
Members purchase gallons from GasBankUSA locking in the daily GasBankUSA price for a small processing fee. As the price of gasoline increases, the value of the member's gallons increases as well. When the member is ready to use their gallons, they use their GasBankUSA Fuel Card at any participating location, which covers most of the nation's gas stations. The GasBankUSA Fuel Card will allow the member to pump as many gallons as they have in their account at the current price, which may be a much higher price than when they purchased their gas on the site.
GasBankUSA™ will be the first of its kind that allows consumers, businesses, fleets, and over the road truckers to lock in a fixed price for gasoline. GasBankUSA leverages consumers' concern for price stability in a commodity that fluctuates on a daily basis due to distant global events and media perceptions. For members who are concerned about rising gasoline prices, the ability to lock in the price makes budgeting easier and saves money. For drivers who travel more than 10,000 miles per year, the potential savings can add up to hundreds or thousands of dollars per year.
How Does It Work?
Members purchase gallons from GasBankUSA locking in the daily GasBankUSA price for a small processing fee. As the price of gasoline increases, the value of the member's gallons increases as well. When the member is ready to use their gallons, they use their GasBankUSA Fuel Card at any participating location, which covers most of the nation's gas stations. The GasBankUSA Fuel Card will allow the member to pump as many gallons as they have in their account at the current price, which may be a much higher price than when they purchased their gas on the site.
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