We have been working diligently on getting a much needed web based demo / presentation together to help explain how the gas cap product works - you can click here to see the beta version of the demo - please let us know what you think - we look forward to your comments.

So everyone in blogworld has linked to the interview article on MSNBC with T. Boone Pickens, one of the most prolific energy traders of all time. His thoughts on Gasoline prices and where they can go are quite scary if you are running a business with a heavy gasoline cost structure. click on the link and have a quick read. Can gasoline prices go to $4 per gallon - $5…$6?

The last 2 days have seen gasoline prices increase almost 9¢ on the wholesale market - it will be interesting to see how that will impact retail gasoline prices at the pump. One of the causes for the price jump is the recent inventory report showing a change of zero, when people were expecting an increase of close to 2 million gallons.

My buddy sent me a link to this igoogle gadget that allows you to locate the cheapest gas stations in your area. Granted the GasLimit concept is meant to help you manage gasoline costs, but it cant hurt to buy at the cheapest gas stations. Remember, the GasLimit cap product is tested against the average surveyed gas price for your location - so buying cheaper gasoline will still help you bring your cost down.

Here’s a short clip I found on Yahoo Finance about the recent easing of gasoline prices (if you call a few cents per gallon “easing”) - will OPEC keep things tight? is this a Crude Oil issue, or a Refining issue? And finally - without any particular news causing gasoline prices to be so high - what happens when something does come along to give us a price jump???

A friend of mine set me this link from “How Stuff Works” on gasoline prices. We thought our customers and readers might find it both helpful and interesting. Based on this article, 178 Million Gallons per day for the US - thats a lot of gasoline!!!!

So another week goes by and the price craze continues. First its prices rising to levels unseen then the news on Nigeria comes out to make the oil markets react with a $2/barrel drop - If there is a lesson to be learned, we think it is that the wild swings in prices and the drastic changes from week to week are probably here to stay for the unforseen future - Interestingly - and this is something we think readers should keep a close eye on, is whether or not the Nigeria news will have as great an impact on Gasoline prices as it has had on Oil prices or are we in a place right now where the Gasoline supply-demand picture is independent of its Oil brethren…

Some people ask us what the difference is between Diesel Fuel and Gasoline and why the Cap offers are different for the 2 fuels. A short answer on the differences is 2 fold -

1. how they are made
2. the types of engines they are used in.

From a price perspective - Diesel Fuel is priced similar to heating oil because the refining process is nearly identical, thereby making the supply/demand curves react in tandem. That being said, when we quote customers for Cap rates on Diesel or Unleaded the Cap level and up front fees might be very different because we must take these factors into consideration. For more information on Diesel fuel, please check out the Wikipedia definition by clicking here.

So I’m sure we are all familiar with the recent headlines about rising gasoline prices - CNN Money for example and it is a real concern. People could be spending hundreds of dollars more a month just because prices at the pump are rising. What is even scarier is the great unknown as to how high these prices can go and for how long they can do so. Consumers (businesses and people) spend thousands of dollars a year on gasoline, as a percentage of income, thats pretty significant - so now we have GasLimit. Please feel free to email us at sales@gaslimit.com to find out how we can help you.