Bought 2 small gas tanks last night at Walmart...

Call me crazy but I was walking around the local Walmart last night after work and decided to purchase (2) gas tanks for $3.12 apiece + tax. The adjacent gas station still had gas posted at $2.59 a gallon which was suprisingly low for the area.

So headed over to the gas station and filled them with 4.276 gallons of gas for $11.11. Crazy? Maybe. Bad decision from a personal finance perspective? Lets see.

So my net cost for the gas tanks was 2 x ($3.12 + $0.22 [sales tax]) = $6.68 and my net cost for the gas was 4.276 gallons x $2.59/gallon = $11.11.

I use about a tank of gas (about 11 gallons) every 5-7 days which means even if gas prices spike for 2 weeks after the hurricane I will need to refill during this period.

Lets run 3 quick scenarios assuming everything else is equal:


Value of Gas

Savings on Gas


$5/gallon for ~2 weeks




up $1/gallon to $3.59 for ~2 weeks




gas prices stays the same




Well the results are mixed on simply saving money by buying the tanks and filling them up. However, I think there are some big benefits not highlighted in these scenarios:
1) I can save the tanks till the next hurricane type event and they won't cost me a thing.
2) The hurricane completely disrupts our gas supply chain making gas unaccessible for weeks thereby making it one of the most precious commodities available and I have 4.276 gallons more than most people.

I figure a sunk cost of $6.68 is maybe along the lines of the "Be Prepared" scout motto more than anything. Its worth it to me to reduce my exposure to the unknown event that maybe coming.

I will follow up when I use this gas and see what the end result is. Hopefully I'll be able to report that it was a complete lost of $6.68.

Related in General:

Save Money on Overhead Garage Storage (Aug 28, 2012) With the upcoming expansion of our family, my wife and I have been discussing the space in our home. While we have a good size home (~2,600 sq ft), its currently laid out with 3 bedrooms and 1 bonus room...

When is a SmartPhone the Right Financial Decision? (May 14, 2012) I last purchased a typical cell phone back in October 2008 with a 2 year contract when we returned from China. My old cell phone broke while we were on assignment in China and I needed something once we...

Black Friday Shopping Highlights (Nov 27, 2011) I have little interest in going out and standing in long lines to pick up a few deals on Black Friday. However we did pick up a few deals over the weekend mostly online: $159 GE Front Loading Washer @...

Comments (0)

Post a comment

(Comment moderation enabled.)


A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,938,393


New Personal Finance Articles

PF Blogs