In this post, I am going to address a different topic related to speculating about gas prices: Commodity-based ETF’s. Early this year, I was posting about the US Gasoline Fund ETF (ticker symbol: UGA). If you have a strong opinion about gas prices, you could use this ETF to make money. Except there are some [...]
Archive for the Tag 'contracts'
After a wild week last week, we should settle down. Markets were down overnight on renewed fears that the economy won’t heat up for years and that the DOW will drop below 7,000 for the first time in over a decade. These fears are causing oil and gasoline contracts to trade lower this morning, leading [...]
Just to warn you, this post will be a bit lengthy, but may be incredibly insightful for some. First off, it looks like Ed has predicted a hike to $1.99. We’ll see if he’s right on… if you can get gas for around $1.80, fill up like I did tonight just in case. I’m not [...]
Tuesday, October 21, 2008, 9:20 AM: The following question has been posed to me several times the past month: On July 15, oil was at $145 a barrel, and gasoline cost $4.25 a gallon at the pump in Grand Rapids. Last week, oil was $72 a barrel, and gasoline cost $2.96 a gallon. If the [...]
As of late, oil and gasoline have been virtually tied to the Dow as we look to economic woes as reasons to sell-off gasoline and oil contracts. With the Dow finally putting together a noteworthy rally, gasoline and oil both surged. With a gain in wholesale prices along with much tighter Midwest supplies, we can [...]
You know that part of the intellectual basis for The Gas Game is to use energy prices on future markets to approximate wholesale prices and then try to predict what is going to happen to retail prices. Following the futures markets have always made me wonder if they are manipulated, or perhaps the better word [...]