Oil has declined nearly 66% from its peak closing price of $145.29 on July 3rd to its closing low of $49.62 on November 20th. With gas prices down significantly since then, drivers no longer dread filling up at the pumps like they did just a couple of months ago.
I recently came across a good article highlighting a simple way to lock in low gas prices. The US Gasoline Fund (UGA) is an ETF that tracks the price of gasoline futures in the US. If you want to go to the pump and not even care what gas prices are, you can buy the same dollar amount of UGA that you would normally spend on gas each year based on the current price of gas. If gas prices go up and you're paying more at the pump, your UGA will also be going up by a similar amount. If gas prices go down, your UGA will also go down, but you'll be paying less at the pump as well.
Seems like a good hedge...
Regards,
frenchee
#board-4258 TSP Trend Timing: EFA (I), TLT (F), SPY (C), and VXF (S)
Recent UGA News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/28/2024 01:24:01 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 08:00:57 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/29/2024 10:07:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 02:28:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/30/2024 04:00:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/28/2023 04:47:34 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 12/04/2023 10:01:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/28/2023 03:12:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/16/2023 10:01:51 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/07/2023 04:32:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/27/2023 11:40:44 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/29/2023 01:19:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2023 11:42:49 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/08/2023 08:34:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2023 08:30:51 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/04/2023 01:31:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2023 02:03:20 PM
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