Gas futures at the gas pump?
Submitted by brad on Thu, 2004-05-27 17:00Commodities traders buy gasoline futures all the time. Could they work at the gas pump? Imagine a big gas chain willing to sell you future gas today. You would buy a coupon, good for 15 galons of gas in August, the month you plan a big family trip in the minivan. You're afraid the high prices in the future might hurt the trip, you can be protected against them. The futures might even cost less than gas at the pump today due to widespread belief that supplies will open up. In times of heavy fear they would cost less.