Skip to main content

On the charts, wholesale gasoline prices at $2.85 (U.S.) per gallon and their related ETF have a positive technical profile.  Yesterday, the ETF broke above resistance on higher than average volume to reach a six month high. Last week, gasoline moved above its 20, 50 and 200-day moving average. Strength relative to the S&P 500 index turned positive at the beginning of February.

A direct way to invest is through the United States Gasoline Fund, LP (UGA), an exchange-traded note based on gasoline futures and short term notes.

Story continues below advertisement

Report an error Editorial code of conduct
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.