Saw these mentioned on the MakeZine site: it’s a $20 valve knob cover which visually and automatically indicates that the tank valve is open. It’s two nested caps: the inner one has red stripes, while the outer one has notches which allows you to selectively see parts of the inner cap.
When you open the valve, the outer cap first rotates relative to the inner cap, exposing the RED warning stripes. When you close the valve, the outer cap rotates back and covers the red stripes automatically as a part of the valve-closing process.
Provides an automatic and easily seen visual reminder that the tank is open. Seems like a good investment in preventing wasted gas due to a tank being left open for an extended period.