Quote:
Originally Posted by jamesqf
The real problem here is how do you tell when prices are cheap? For instance, not that long ago it was around $4/gal, then dropped to $3. That's cheap, right? So if you bought a bunch of cheap $3 gas, you'd have missed out when it went below $2.50.
OTOH, if you really can reliably forecast price changes, you should get a job on Wall Street and not have to worry about the cost of a few gallons of gas :-)
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When it hit $2/gallon, I knew it wouldn't go much lower. You don't have to buy at the absolute lowest to profit anyhow. You just need to buy at less than the average price. If you buy a lot of fuel and the prices drop further, you keep your stored fuel and fill your vehicle with the cheaper stuff at the pump until prices rise above the price you paid.
As you point out though, buying physical goods as an investment is dumb when you can buy futures instead.