This article originally appeared in the South Florida Sun-Sentinel last month. It does such a great job of explaining the principle behind DriveFreeForLife and the free gas calculator, that I’ve included the salient excerpt here.
If $4-or-more-a-gallon gas is what we face this summer, then it’s time to find a way to handle it. Here’s one way to ease the pain: Invest in something that benefits from high gasoline prices.
What are the best plays on expensive oil?”
I don’t think that’s a real hard question,” said James Paulsen, chief investment strategist at Wells Capital Management, which is a unit of Wells Fargo. “Oil stocks will do well or you can play commodities and basic materials because commodities are going up and the dollar’s becoming weak.”
True. Oil is the commodity that’s sky high. And all the mega oil companies are up strongly. If you’ve owned any of the major integrated oil companies for a while, it’s probably not all that distressing to watch gasoline prices go up.
That group, according to the S&P 500 energy index, has just about tripled in value in the last five years.
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