While we drivers do not like the direction gas prices are taking one bit (that would be inching up), investors in Exchange Traded Funds (ETFs) for gas and oil are seeing opportunity knocking.

Gas is up a nickel a gallon, and $3/gal is the target many experts are pointing to. Oil prices are up to $82/barrel. Tension in Nigeria. China still building up its reserves.

Check out the charts in the article.

It all looks like a classic case of buy low, sell high to us. Might be a good time to get some protection for your fuel budget.

This entry was posted on Tuesday, March 9th, 2010 at 6:04 pm and is filed under Fuel Price Trends, Gas price, Fuel cost, Fuel Price Hedging, Fuel Cost Control, Fuel Budget. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.