MyGallons.com

Is Oil Heading To $200?

MyGallons.com — 2010-08-11T22:43:37+00:00

The attention of investors has been rightly focused on a solid earnings season, employment data, and the Federal Open Market Committee meeting on Tuesday.

Unfortunately, the elements that constitute so-called risk or geopolitical premium in oil prices suffer from no distractions. Several newsworthy events, recently, represent the dots that the oil market may begin to connect to produce a significant event driven price spike in prices - potentially driving crude oil prices upwards of $200 per barrel. Read more.

Fuel Prices on the Rise?

MyGallons.com — 2010-08-04T22:35:38+00:00

Brent oil prices open today’s trading session ahead of WTI oil and over $82 a barrel, posting four straight daily gains as investors look to Asian oil demand to gauge the future price of oil. Read more.

MYGALLONS GIVES TO THE GULF

MyGallons.com — 2010-07-09T16:32:41+00:00

MyGallons.com believes that we need a major change in our nation’s energy policy. Our focus must be on developing renewable energy to end dependence on foreign oil and to preserve our environment.

While our nation remains dependent upon the use of fossil fuels, MyGallons.com will continue to provide real price protection to consumers by allowing them to lock in current prices before they rise once again.

MyGallons.com is committed to relief and assistance for the many victims of the BP oil spill tragedy. MyGallons.com pledges to donate 10% of all new membership fees to the Gulf oil spill relief.
Should this disaster lead to higher gasoline prices and economic hardship for hard working Americans, MyGallons.com will be here to help.

Click here to create an account.

Oil rises to $76 amid optimism on global economy

MyGallons.com — 2010-07-09T14:31:07+00:00

Oil prices rose to near $76 a barrel Friday in Asia, following stock markets higher as confidence rose the global economic recovery remains intact. Benchmark crude for August delivery was up 25 cents to $75.69 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.37 to settle at $75.44 on Thursday. Read more.

Liquid fuels demand shows signs of recovery

MyGallons.com — 2010-07-07T20:50:38+00:00

Demand for liquid fuels such as gasoline and diesel have started to show “signs of recovery” this year, the Energy Information Administration said Wednesday. Consumption slowed to 20,000 barrels a day in the first quarter of 2010, but second-quarter consumption rose by 500,0000 barrels a day compared to the same quarter last year, the EIA said in its energy outlook report. The EIA has also increased OPEC and non-OPEC supply forecasts, and said emerging markets represent nearly all the expected growth in world oil consumption. Read more.

Will higher gas prices fizzle Fourth of July weekend?

MyGallons.com — 2010-06-30T14:46:33+00:00

More of us will be traveling this Fourth of July weekend and we’ll be paying more for gas than in past weeks.

AAA expects the national average price of self-serve regular gasoline to range from $2.70 to $2.80 per gallon during this Fourth of July holiday weekend, which has climbed a bit over the past couple weeks after a month-long fall. Read more.

Crude Oil, Natural Gas: Volatility Ahead

MyGallons.com — 2010-06-28T17:57:41+00:00

Crude oil and natural gas are expected to be volatile this week on updates related to tropical storm Alex, poor economic data releases and inventory buildup. Read more.

The Truth About MyGallons

MyGallons.com — 2010-06-10T13:22:29+00:00

On June 30, 2008, MyGallons.com launched with a ton of national press. The public response was nothing short of amazing. Suddenly, the processor for the MyGallons Card pulled out of the agreement, leaving MyGallons holding the bag with many new memberships and no way to fulfill them. MyGallons was forced to suspend operations, but every penny was returned to the members.
MyGallons has filed a lawsuit in US Federal Court against U.S. Bancorp, U.S. Bank Voyager Fleet Systems Inc., and K.E. Austin Corp for the damage inflicted upon MyGallons, Zenacon and Steven Verona. You can read the Complaint filing, including details of all nine counts, by clicking here. There is also helpful information on thetruthaboutmygallons.com.

MyGallons has a sister company: MoreGallons. It is intended for fleets, or those who purchase large quantities of fuel. MoreGallons does not utilize a fuel card allowing members to use their choice of payment method at the pump. MoreGallons has been providing secure fuel saving services to its members since February, 2009.

There is a lot of false or misleading information on the Internet about MyGallons and its founder, Steven Verona. Some of it appears to be part of an orchestrated attack.

The truth is this: MyGallons hasn’t gone anywhere. Despite the terrible damage done to the company’s reputation, and the pending legal suit, MyGallons continued to progress towards a re-launch of the secure fuel savings program for consumers.

Of course, all of the mistruths on the internet combined with U.S. Bank’s actions have made it difficult to find a partner to provide cards for processing at the pump.

For now, in order to bring our secure fuel savings program to consumers, MyGallons has re-launched with a non-card program which allows members to use their preferred payment method at the pump, similar to MoreGallons.

IEA Raises Oil Demand Outlook, But Warns on U.S. Drill Ban

MyGallons.com — 2010-06-10T12:11:17+00:00

The International Energy Agency on Thursday raised its 2010 world oil-demand forecast but warned that up to 300,000 barrels a day of future U.S. output may be at risk if a drilling moratorium is extended. Read more.

Survey: Corporate Managers Expect 9% Spike in Energy Prices

MyGallons.com — 2010-06-03T15:41:06+00:00

Managers of corporate buildings throughout the world expect energy prices to rise by an average of 9 percent in the next year. That’s according to a new global survey by Johnson Controls of suburban Milwaukee.Read more