Seeking Alpha

More pain at the pump is coming for U.S. consumers, as AAA says average gasoline prices could...

More pain at the pump is coming for U.S. consumers, as AAA says average gasoline prices could pop another $0.10-$0.15/gallon after Friday's 3.2-cent surge, the biggest one-day rise in five months. The recent spike in gasoline futures prices is linked to reports this week of production hitches at several U.S. refineries. Though inventories are high, they've been dropping steadily. UGA, the gasoline ETF, +15% this month.
Comments (10)
  • This is perfect timing for all those that just bought SUV's and F150's. Tahoe was one of the most popular as reported in the latest surge of new vehicle purchases. Most people in my area use F150's and similar trucks for personal, daily transportation.
    13 Jul 2013, 08:54 AM Reply Like
  • Still a bit below Feb. high. Cashed in on the July 63 puts sold last April. Have short calls set for 65+. One of my favorite yo-yo plays. Bid-ask slightly large on options, but UGA doesn't get much love. In this case, however, the premium amount mutes the alligator.
    13 Jul 2013, 09:19 AM Reply Like
  • Notice how when oil drops, gas goes down a couple cents, but when oil rises, suddenly 10 to 30 cent increase. They are gouging Americans and really deserve to go down in flames to the electric car.
    13 Jul 2013, 11:29 AM Reply Like
  • I was agreeing with you until the last four words...
    13 Jul 2013, 08:39 PM Reply Like
  • Gas, historically speaking, is still cheap.
    13 Jul 2013, 12:51 PM Reply Like
  • yes it is! Most people fail to realize this fact!

     

    http://bit.ly/GCZuQT
    13 Jul 2013, 01:28 PM Reply Like
  • A 300% increase since 1999 reflects cheap by historical standards? Don't think so regardless of what chart is provided by an energy biased organization.
    14 Jul 2013, 11:37 AM Reply Like
  • It is cheap regardless of your bias.
    14 Jul 2013, 02:48 PM Reply Like
  • It will get cheaper regardless of your bias.
    15 Jul 2013, 08:44 AM Reply Like
  • Polly - wanna' cracker?
    15 Jul 2013, 10:38 PM Reply Like
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