May 08, 2006

It's a good idea

But it's not a new one. has a story about people pre-paying for gasoline to try and head off higher future prices. If prices go down, you're stuck with having paid high prices. For the record, Priceline did this first; it was a pretty good program. However, Priceline decided to burn through all of its capital quickly, leaving lots of unhappy former customers.

Posted by Physics Geek at May 8, 2006 11:50 AM | TrackBack StumbleUpon Toolbar Stumble It!