Boynton firm says it will launch fuel card that will help ease high gas prices

BOYNTON BEACH — Feel a pain in your bank account every time you lift the nozzle from a gas pump? Boynton Beach-based Gas Bank USA says it can help.

The company is launching a website where consumers, businesses, over-the-road truckers and fleet owners essentially can lock in gasoline and diesel prices.

Gas Bank members can lock in and buy gallons at the daily AAA
National Average Fuel Price, which is the benchmark for retail fuel price reporting, plus a small transaction fee. Then they use the Gas Bank fuel card at the pump, and pay their locked-in price. The card is accepted at more than 95 percent of all gas stations.

Individual, family and fleet memberships start at $19.95 a year. Fleet accounts include detailed reporting, exception monitoring and
card control features, such as daily usage caps. Members will be able to view and update their account, purchase gallons and enerate reports on the Internet.

GasBank says it has developed its own hedging portfolio to manage constantly changing fuel prices.

"Our members will gain peace of mind knowing they now have a little control over something where they previously had none," said  Gas Bank CFO Jonathan Paul said. "Gasoline and oil prices are constantly in the headlines and in the minds of consumers and business owners. We believe the Gas Bank fuel card will be a vital tool for our members to mitigate the rising price of gasoline and diesel."

The company's web site is operations, and has information about how it works and historical gasoline prices and a registration page.

GasBankUSA expects to be fully operational in the fourth quarter.