Who's Getting Rich And Poor Off $4 Gas?
- added May 17, 2008
- 0 responses
-

-
-
-
- muckraker
- added this
-
-
- related topics
-
- News and Politics (21595)
- Politics (16403)
- News (9481)
- Barack Obama (2071)
- John McCain (884)
- Gas (220)
- George W. Bush (187)
Drivers seeking relief from rising gas prices might not want to read further. Retail gas prices hit record highs for the ninth day in a row Friday, AAA reported. Feeling the most pain at the pump? Drivers in Alaska and Connecticut. They are paying $4.042 and $4.008 a gallon respectively.
But they're not the only ones suffering. The prospect of $4-a-gallon gasoline this summer is making losers -- and some winners -- out of others. That obnoxious neighbor with the Hummer? At an estimated $150 a fill-up, you can put him firmly in the loser category. Your Prius-driving sister-in-law, who had the foresight to load up on Exxon stock two years ago? Winner.
In Depth: Who's Getting Rich And Poor Off $4 Gas?
There are other ways to play the $4-gas game. VSMPO-AVISMA, for example. Never heard of it? This Russian company is world's largest producer of titanium, a lightweight metal used in aircraft engines and frames whose value only increases as fuel prices rise.
Investors have put titanium producers in the loser category because they think high fuel prices and economic troubles will reduce demand for air travel. At $80 a share, U.S. producer Allegheny Technologies (nyse: ATI - news - people ) is down 31% from last summer, for example, and Titanium Metals (nyse: TIE - news - people ) is down almost 50%.
But they're not the only ones suffering. The prospect of $4-a-gallon gasoline this summer is making losers -- and some winners -- out of others. That obnoxious neighbor with the Hummer? At an estimated $150 a fill-up, you can put him firmly in the loser category. Your Prius-driving sister-in-law, who had the foresight to load up on Exxon stock two years ago? Winner.
In Depth: Who's Getting Rich And Poor Off $4 Gas?
There are other ways to play the $4-gas game. VSMPO-AVISMA, for example. Never heard of it? This Russian company is world's largest producer of titanium, a lightweight metal used in aircraft engines and frames whose value only increases as fuel prices rise.
Investors have put titanium producers in the loser category because they think high fuel prices and economic troubles will reduce demand for air travel. At $80 a share, U.S. producer Allegheny Technologies (nyse: ATI - news - people ) is down 31% from last summer, for example, and Titanium Metals (nyse: TIE - news - people ) is down almost 50%.
Login/Registration is required to add a response.
