Gas ETFs Leap, Foreshadowing Pain at the Pump
April 27, 2011 at 16:35 PM EDT
An exchange traded fund (ETF) tracking gasoline futures rallied more than 2% on Wednesday amid the party in commodity markets. Bulls seemed convinced the Federal Reserve will keep the monetary punch bowl well stocked, and bid prices higher from oil to silver. U.S. Gasoline Fund (NYSEArca: UGA)...
