New Gas Fuel Bank Concept.

MIAMI: Believe it or not, some people are still pumping gas they bought at under a dollar a gallon. How? They bought it through a gas bank. It's a concept that's been around for a while and may be coming to a pump near you.
Jim Feneis owns one of the only fuel banks in the country. It's a lot like a regular old bank, but you make a deposit of money that gives you a credit of fuel.
"Once they've made that deposit into their account we have virtually converted their dollars into gallons," said Feneis.
The fuel bank lets you buy gas at that day's price and use it anytime - today or in the future when gas prices go up.
That's what keeps the numbers spinning at First Fuel Banks in St. Cloud Minnesota.
Feneis says he has 8,000 members. Hundreds of his clients are pumping gas they bought years ago for under $2 a gallon.
"I feel awfully lucky that I'm getting gas for a dollar less than what other people are paying for today that's for sure," said customer Ed Cook.
When we spoke to cook in November, gas prices were around 3.27 per gallon. He had opened his gas account three years before for 1.64 a gallon. But we can't drive up to Minnesota just to fill up our tanks.
Entrepreneur Rod Senior wants to bring the fuel bank idea to Florida.
"If you would like to call it - it's your own personal petroleum reserve."
Senior's company is based in Fort Myers. He wants to bring fuel banks to Florida and to other parts of the country.
"What fuel bank does is allow you to control the future price that you pay by getting on the web and locking in the price that you want to pay for the next 12 months and control what you pay at the pump," said Senior.
Fuel bank would let you buy the gas on the internet. Then when you go to the gas station, you would use a fuel debit card that would keep track of how much fuel you use.
"Call it a gallon card where people will be able to go to debit, go to the gas station - go to the pay at the pump or the kiosk and draw down the reserves that they have on the internet," said Senior.
Senior says major oil companies are interested in the idea of a fuel bank. He's hoping to debut the program in Florida and around the country by the end of this year.