ChiefsPlanet - Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

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Quote:

Originally Posted by Guru (Post 11181878)

Thanks to a buck off with Kroger fuel points, I filled up for 1.33 per gallon today. My son was in shock when he saw the per gallon price. LMAO Filled up three cars on that one trip.

OMG ultimate GURU moment

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Quote:

Originally Posted by Discuss Thrower (Post 11182756)

So how do I make money on knowing oil is going to spike back up to $90+/barrel in the next year or so?

Buy futures or an etf (USO is oil, UGA is gasoline).

Given your employment situation and lack of liquidity, I would stay away from futures.

Quote:

Originally Posted by scho63 (Post 11182785)

It will not.......save your money. This is not a short term trend.

You could buy oil drilling or refinery stocks or an oil MLP. If you really want to lose all your money buy or trade CALL options on Oil Futures. Unless you have a net worth of $1,000,000 and tons of experience, you better not play the futures because you can lose a lot MORE than just your original investment! :eek:

MLPs are pipelines or other hard assets. In theory, they should not be hurt by declining prices because they are paid to transport the oil/gas. Most of them have contracts where they get paid even if the pipe sits idle.

Tax treatments for MLPs are a little wonky as well. You can really **** yourself tax wise when you sell them if you've held an MLP for awhile.

Well, crude has pushed through the $60 barrier. Now at $58.44. Gasoline at $2.60, $0.70 less than one year ago.

Quote:

Originally Posted by Discuss Thrower (Post 11182756)

So how do I make money on knowing oil is going to spike back up to $90+/barrel in the next year or so?

Call option on the futures market is all I know to do. DO NOT buy a contract. Margin calls will own your soul unless you pick THE bottom.

I'd be sure to see that it puts in what appears to be a bottom first. No point in getting in on the way down, time value will just cost you money.

Quote:

Originally Posted by KC native (Post 11183018)

Buy futures or an etf (USO is oil, UGA is gasoline).

Given your employment situation and lack of liquidity, I would stay away from futures.

Is the ETF on the futures or some stocks in the industry?

Wow. $57.49, down $2.46 or 4.10%

Putin stupidity about to be making mo-fo's rich...

2.65 today in my town. Haven't seen that price in a while.

$2.19 at Inner City Oil on Linwood.

Quote:

Originally Posted by Buehler445 (Post 11186947)

Is the ETF on the futures or some stocks in the industry?

USO

Quote:

United States Oil Fund

The United States Oil Fund® LP (USO) is an exchange-traded security designed to track the daily price movements of West Texas Intermediate ("WTI") light, sweet crude oil. USO issues shares that may be purchased and sold on the NYSE Arca.

The investment objective of USO is for the daily changes in percentage terms of its shares' NAV to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in price of USO's Benchmark Oil Futures Contract, less USO's expenses.

USO's Benchmark is the near month crude oil futures contract traded on the NYMEX. If the near month futures contract is within two weeks of expiration, the Benchmark will be the next month contract to expire. The crude oil contract is WTI light, sweet crude oil delivered to Cushing, Oklahoma.

USO invests primarily in listed crude oil futures contracts and other oil-related futures contracts, and may invest in forwards and swap contracts. These investments will be collateralized by cash, cash equivalents, and US government obligations with remaining maturities of two years or less.

UGA

Quote:

United States Gasoline Fund

The United States Gasoline Fund® LP (UGA) is an exchange-traded security that is designed to track in percentage terms the movements of gasoline prices. UGA issues shares that may be purchased and sold on the NYSE Arca.

The investment objective of UGA is for the daily changes in percentage terms of its shares' NAV to reflect the daily changes in percentage terms of the price of gasoline (also known as reformulated gasoline blendstock for oxygen blending, or "RBOB"), for delivery to the New York harbor, as measured by the daily changes in the price the Benchmark Futures Contract, less UGA's expenses.

The Benchmark Futures Contract is the futures contract on gasoline as traded on the NYMEX. If the near month contract is within two weeks of expiration, the Benchmark will be the next month contract to expire. The RBOB contract is for delivery to the New York harbor.

UGA invests primarily in listed RBOB futures contracts and other gasoline-related futures contracts, and may invest in forwards and swap contracts. These investments will be collateralized by cash, cash equivalents, and US government obligations with remaining maturities of two years or less.

Quote:

Originally Posted by Buehler445 (Post 11186947)

Is the ETF on the futures or some stocks in the industry?

Why in the **** is our gas still 2.65 when everyone else east, west, south and north of our area is around 2.25?

Quote:

Originally Posted by notorious (Post 11187418)

Why in the **** is our gas still 2.65 when everyone else east, west, south and north of our area is around 2.25?

Where are you?

Quote:

Originally Posted by Donger (Post 11187422)

Where are you?

Southwest Kansas.

I am just venting. Wichita is cheap. OKC is really cheap. Guymon, Ok is cheap.