May 23, 2008 at 12:00 pm by Tom Lydon
Unless you’ve been living in a cave, you know gas and oil prices are higher than ever and that one of the few ways to take the sting away (aside from hoofing it everywhere) is with exchange traded funds (ETFs).
It’s getting more expensive to fill up even a mid-sized vehicle, reports John Wilen for the Associated Press. It’s $72 to fill up a Honda Accord, compared with $60 a year ago. It’s $87 to fill up a Ford Explorer SUV, compared to $73 a year ago.
What’s more, pump prices are showing no signs of abating anytime soon.
Oil prices are also continuing their uptick, rising to $132.99. Heating oil is also more expensive, rising above $4 a gallon for the first time.
Many analysts are arguing the the prices for oil have risen well above levels that can be justified by the fundamentals of supply and demand and the word "bubble" is being bandied about.
Bubble or not, hedging the prices with ETF is an option for investors who are hoping to add a little relief to their pocketbooks:
- United States Heating Oil Fund (UHN), up 25.6% since April 10 inception
- United States Oil (USO), up 39.4% since April 10 inception
- United States Gasoline (UGA), up 23.5% since Feb. 28 inception
- United States 12-Month Oil (USL), up 44% year-to-date
August 6th, 2008 at 9:45 pm
Is there a link to compare with your website of past where you had an index on the right margin?
August 7th, 2008 at 8:51 am
Hi Tom,
Yes, you can still find an index to the categories on the right sidebar.
An extended list of categories can be found by clicking on “more topics,” as well.
I hope this helps!