The domain name kind of sucks, and it’s not exactly an original idea (people have been doing this for years, and part of the reason we’re in this mess is because of the investors buying futures, which is the investing in the future price of gas) but Mashable points out MyGallons.com is capitalizing on the current situation with consumers where can lock the price of gas in at a certain price.

How it works:

• Pay the $29.95 membership fee and get a card in the mail
• Pre-purchase gas at a certain price
• Use the card at any of the 200,000 participating stations in the network

The site is fairly usable, but when I checked it, there was no place to look for locations near me, but I was able to check out how much I would save. I haven’t been driving a lot lately, but they estimated my savings at $400 a year. That’s ironically just about what I would set down at a blackjack table in Las Vegas, so I don’t see it as that much of a savings.

But if you want to hedge your bets, this is the place to go.