What is GasBankUSA?
GasBankUSAâ„¢ will be the first of its kind that allows consumers 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 GasBankUSA credits at the daily GasBankUSA price plus a small fee. As the price of gasoline increases, the value of the member’s credits increases as well. When the member redeems credits, the proceeds are converted back into dollars and transferred to the member’s GasBankUSA Visa Debit Card, which can be used to purchase fuel or any other products or services. The GasBankUSA branded Visa debit card is a unique feature of this service.
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