Hedge Prices at the Pump

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Apr 16, 2008 9:07 am

A new fund recently came out from Victoria Bay Asset Management, United States Gasoline (UGA). It tracks the futures contract on unleaded gasoline delivered to the NY Harbor traded on the NYMEX. If $4 a barrel is what we're expecting (especially heading into Memorial Day) this is a nice play to hedge against the cost at the pump, even for your own account. 

Apr 16, 2008 11:30 am
IndyAlly:

A new fund recently came out from Victoria Bay Asset Management, United States Gasoline (UGA). It tracks the futures contract on unleaded gasoline delivered to the NY Harbor traded on the NYMEX. If $4 a barrel is what we're expecting (especially heading into Memorial Day) this is a nice play to hedge against the cost at the pump, even for your own account. 


$4 a barrel!!!!!!!! In my dreams...


Just yankin' yer chain. I know what you meant. 
Apr 16, 2008 1:39 pm

Dob-

Nice catch $4 a gallon...thx
Apr 16, 2008 3:52 pm

Seriously.. my gas cost me $3.40 at the pump today!! Damn, and you know it's only going to get worse as the summer is just around the corner.

 
 
Apr 16, 2008 6:54 pm
Ferris Bueller:

Time to short that fund.


My exact thought!