Tuesday, July 15, 2008

MyGallons.com Running on Empty?

With gas threatening to hit $5 a gallon, it’s no wonder that drivers are looking high and low for a better deal. However, if the deal sounds too good to be true, it probably is.

MyGallons.com, a membership program which has promised customers that they will be able to lock in today’s prices for gas purchased in the future, has come under scrutiny by the Better Business Bureau.

The BBB began investigating MyGallons.com when they noticed that their advertisements suggested that they had a relationship with US Bank, a major American financial services company.

After looking into the matter more closely, the BBB learned that US Bank had actually turned down the request of MyGallons.com to form a partnership. Despite the fact that they were misleading customers about how they processed transactions, they continued to collect membership fees.

Following the attention from the BBB, MyGallons.com has stopped accepting payments because the company does not have an appropriate contract in place to continue operations. The BBB has since modified their evaluation of MyGallons.com from an “F” to “No Rating."

Click here for the lowdown.

UPDATE: There are reports that MyGallons.com is now refunding membership fees.

--Bridget O'Sullivan

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