If I think Gas Will Be 4.50+ On July 4th What Should I Do?

Quote from Avid_Consumer:

so you would probably buy RBQ08, August delivery nymex gasoline. The spreads are decent enough for that timeframe.. pretty straight forward
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I wouldn't touch the RBOB if I was a newbie. The swings can be wide and scary for a newbie. Best to trade the ETF.
 
Quote from DrAtomic:

Thank you for the help Avid Consumer. :)
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lol sure thing. do know what you're getting into.

it's a thin volatile contract with a very small $4.20 tick, ticks in 10,000ths (hundredths of a cent). kind of an expensive contract, $114,000. you should expect it to fluctuate by $2000-5000 on an average day if you seriously intend to try and position for july
 
Has anyone besides me noticed that with the continue rise of the RBOB, and i mean a huge run up with crude, the price of gas in my city has been relatively unnaffected. Somehow I think with the RBOB at these levels, gas at our pumps should already be at $4.50. Price manipulation perhaps.

Am I the only one who's noticed this?
 
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