Besides the gasoline-related stocks and exchange traded funds (ETFs), is there any other way to try and benefit from the $4-$5 a gallon prices?

Did you just fill up your tank on the way to work, and realize a good portion of your day’s earnings are burned already?

Gary Gordon for ETF Expert is thinking that higher fuel prices will inspire more consumers to shop online, more investors to seek counsel over the Web, and more of the workforce using online solutions for communicating, meeting and conducting business.

If he’s right, perhaps these ETFs could reap the rewards and give investors another option for hedging those gas prices:

  • PowerShares Nasdaq Internet Portfolio (PNQI): Made up of the largest Internet companies such as Google, E Bay, Amazon, Priceline and Yahoo, you may actually use more of these services than you knew. This ETF is equally distributed between growth-oriented companies and manages to represent small, mid, and large-cap stocks. The fund launched on June 23.
  • iShares Networking Fund (IGN): A solid investment in the tech internet structure, although it’s had a bad year so far. Volaitlity is 1.5x more risky than the broad market. Includes networking giants such as Cisco, Qualcom, Harris and Juniper. The fund is down 17.4% year-to-date.

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The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.