Hedge Funds Throw Record Bets on Rising Gasoline Prices
- Futures for the motor fuel are at their highest since August
- U.S. gasoline demand hit the highest level ever this month
Photographer: David Paul Morris/Bloomberg
This article is for subscribers only.
Money managers are going all in on gasoline.
Hedge funds boosted bets on rising gasoline prices to the highest on record. That’s as futures for the motor fuel jumped to the highest since August amid robust demand and inventories hovering near their lowest since January.