Some ETF plays - petroleum-related in the near-term (UGA, XOIL), and alternative-energy in the longer term (FCG, LIT) - might help soften the portfolio blow of still-increasing gasoline prices. That is, assuming you think the dollar will keep declining.May 5, 2011, 1:16 PM
Today is the first day of trading for the Global X Lithium ETF (LIT). Global X hopes to take advantage of rapidly growing demand for lithium batteries in hybrid and electric cars. According to the press release (pdf), 51% of the fund will be made up of battery manufacturers, with the remaining 49% made up of lithium miners and refiners. LIT will charge 0.75%; it has 20 components.