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12/11/2007

"Lock in" Gasoline Rates

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  Since gasoline rates seem to fluctuate more frequently than any other commodity, I think being able to "Lock In" to a rate for a given period of time, might be an attractive choice for many people. I'm not yet sure how the cost would be figured, but it would serve to provide some sort of insurance for higher gas prices. Perhaps it could be part of some sort of investment choice for stockholders of a particular oil company. Or, a way for non-stockholders to obtain something like a certificate of deposit for a specific company. The time period could be maybe three to six months. I, obviously, know very little about investing, but I think the idea could be developed in a way beneficial both to the oil companies and the buyer.
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