Did you know they can sniff a gas station from 20 miles away? Source: Wieck/Via Bloomberg News.

Trade of the Day: Buy a Tesla, Sell Your Hummer

Mark Gilbert is a Bloomberg View columnist and writes editorials on economics, finance and politics. He was London bureau chief for Bloomberg News and is the author of “Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable.”
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David Holt, president of the Consumer Energy Alliance, says U.S. holiday makers should focus on their tans rather than their pocketbooks. "Instead of worrying about rising prices when pulling into the gas station this driving season, consumer should be focused on their summer vacations," he said in a statement earlier this week.

With average U.S. gasoline prices climbing to their highest level in a year, however, that's a big ask. A gallon of regular gasoline reached $3.69 this week, up 11 percent so far this year and higher than it reached at any point last summer. So the Trade of the Day is buy a Tesla, sell your Hummer.

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

To contact the author on this story:
Mark Gilbert at magilbert@bloomberg.net

To contact the editor on this story:
James Greiff at jgreiff@bloomberg.net