Hedging for drivers

Gasoline retailers are exploring ways of enabling customers to personally manage their gasoline price risk, through prepaid cards and price caps.

From October this year, Gulf Oil will allow consumers to buy prepaid cards for a fixed amount of gasoline at a prevailing market price - so if the price dips to $2, for example, customers can go online and buy 200 gallons for $200, to be delivered at any time from any Gulf gas station.

The firm will also allow holders of its branded credit cards cap

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