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

Can anyone help a newbie understand? I want to buy a July contract but don't know where to start.

 

Buy a bicycle or moped.

 

so you would probably buy RBQ08, August delivery nymex gasoline. The spreads are decent enough for that timeframe.. pretty straight forward

 

LMAO

 

fill up?

 

Thank you for the help Avid Consumer.

 

UGA
gas ETF

 

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.

 

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?