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Hedge Funds Turn Gasoline Bears First Time in Four Years: En

Bloomberg -- Hedge-fund bets against gasoline exceeded wagers that prices will rise for the first time in almost four years as the fuel fell in the final week of the U.S. driving season.

Net-short positions held by money managers in gasoline futures and options increased to 1,169 contracts the week ended Aug. 31, the first time speculators have been bearish since November 2006, according to the Commodity Futures Trading Commission’s weekly Commitments of Traders report. Hedge funds cut bullish bets for four straight weeks.

Investors have turned bearish on gasoline amid a slide in demand just as the motoring season ends and economic data sends mixed signals about U.S. recovery.

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Submitted Sep 06, 2010 By: BurntOrange

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lgppa Champion Author Pennsylvania Posts:11,530 Points:496,235 Joined:Sep 2010	Message Posted: Oct 15, 2010 3:50:10 PM Ignore lgppa Report Abuse I guess the market turned around, didn't it?
Blue48 Champion Author Illinois Posts:4,965 Points:1,173,195 Joined:Feb 2007	Message Posted: Sep 11, 2010 11:03:34 PM Ignore Blue48 Report Abuse AND!
honda0105 Champion Author Tallahassee Posts:15,266 Points:1,142,300 Joined:Nov 2008	Message Posted: Sep 7, 2010 6:08:05 PM Ignore honda0105 Report Abuse brbaritone: doubt it will happen.
brbaritone Champion Author Virginia Posts:1,069 Points:1,270,505 Joined:Jan 2007	Message Posted: Sep 6, 2010 9:40:49 PM Ignore brbaritone Report Abuse " ... the first time speculators have been bearish since November 2006" - nice to see the financial press calling a spade a spade. Now that the speculators have started to short gasoline, let's see if THAT makes the price of gas fall ... FINALLY.
ScottTee Champion Author Detroit Posts:2,088 Points:602,175 Joined:Mar 2010	Message Posted: Sep 6, 2010 7:52:31 PM Ignore ScottTee Report Abuse I am waiting as well
alterman156 Champion Author New York Posts:5,087 Points:1,090,990 Joined:Dec 2008	Message Posted: Sep 6, 2010 7:05:07 PM Ignore alterman156 Report Abuse Gasoline prices are likely to go down since Labor Day has weekend has come and gone.
BCweatherman All-Star Author British Columbia Posts:738 Points:803,705 Joined:May 2009	Message Posted: Sep 6, 2010 4:55:39 PM Ignore BCweatherman Report Abuse Still waiting for gas prices to go down.
skybiker Champion Author South Carolina Posts:5,486 Points:1,132,465 Joined:Jul 2008	Message Posted: Sep 6, 2010 4:48:03 PM Ignore skybiker Report Abuse Hope they are right......
NorthglennBill Champion Author Denver Posts:5,199 Points:1,017,445 Joined:Oct 2008	Message Posted: Sep 6, 2010 12:54:49 PM Ignore NorthglennBill Report Abuse They are finally right. Demand is low. To bad the gasoline retails haven't gotten the message. The price of a gallon of unleaded gasoline continues to rise in this area.
regasaz Champion Author Phoenix Posts:3,661 Points:842,010 Joined:Dec 2006	Message Posted: Sep 6, 2010 12:38:49 PM Ignore regasaz Report Abuse And diesel prices went up as much as 12 cents a gallon at some local stations here in the valley yesterday.......... go figure.
jwduke1 Champion Author Iowa Posts:13,855 Points:2,723,765 Joined:Apr 2004	Message Posted: Sep 6, 2010 11:51:23 AM Ignore jwduke1 Report Abuse Hedge funds in consumer commodities is wrong!
cssco Champion Author Virginia Posts:4,916 Points:1,288,020 Joined:Feb 2006	Message Posted: Sep 6, 2010 11:40:00 AM Ignore cssco Report Abuse ...and economic data sends mixed signals about U.S recovery. For those who don't have a job (10 million, or so, give or take a few) the signals are extremely clear. More hype from Bloomberg and wishful thinking from Washington, D.C.
Tnerbeel Champion Author Houston Posts:6,355 Points:1,284,960 Joined:Mar 2007	Message Posted: Sep 6, 2010 11:35:34 AM Ignore Tnerbeel Report Abuse Day to day movements and trends are just plain don't matter at the pump.
niceguytx Champion Author Houston Posts:11,412 Points:2,251,145 Joined:Sep 2005	Message Posted: Sep 6, 2010 11:26:04 AM Ignore niceguytx Report Abuse Follow the smart money.
donny47 Champion Author New Hampshire Posts:1,471 Points:655,405 Joined:Feb 2009	Message Posted: Sep 6, 2010 11:24:30 AM Ignore donny47 Report Abuse make speculation illegal!!!!!!!!!!!!!
Insuremn Champion Author Twin Cities Posts:2,596 Points:567,390 Joined:May 2010	Message Posted: Sep 6, 2010 11:24:12 AM Ignore Insuremn Report Abuse Oil futures is gambling not investing.
GoBlazers Champion Author Washington Posts:5,177 Points:654,175 Joined:Dec 2008	Message Posted: Sep 6, 2010 11:22:32 AM Ignore GoBlazers Report Abuse Would love to see a price collapse.
greenfog Champion Author Illinois Posts:4,159 Points:1,176,515 Joined:Feb 2008	Message Posted: Sep 6, 2010 11:20:42 AM Ignore greenfog Report Abuse there they go again talking about recovery, i would really like to see where it is.
Tamba10 Sophomore Author Twin Cities Posts:112 Points:13,715 Joined:Aug 2010	Message Posted: Sep 6, 2010 11:20:19 AM Ignore Tamba10 Report Abuse Thats good
DerHahn Champion Author Illinois Posts:11,150 Points:1,654,075 Joined:May 2004	Message Posted: Sep 6, 2010 11:18:32 AM Ignore DerHahn Report Abuse now if we can just get oil down with it. only problem with that is people see cheap gas and go back to driving the guzzlers and dodge is happy to make them.
bigredhill Champion Author Lincoln Posts:5,161 Points:1,178,090 Joined:Dec 2007	Message Posted: Sep 6, 2010 11:18:06 AM Ignore bigredhill Report Abuse Well its about time speculators start too see they are not going to get rich fast on gas and oil
geoutpb Champion Author Midland Odessa Posts:2,792 Points:709,280 Joined:Dec 2006	Message Posted: Sep 6, 2010 11:16:35 AM Ignore geoutpb Report Abuse Use less gasoline and the price will drop. Then we all can use that extra money to pay for something else. The oil industry has sucked us dry long enough.
NavyEOD Champion Author Los Angeles Posts:7,702 Points:1,565,950 Joined:Jul 2007	Message Posted: Sep 6, 2010 11:15:16 AM Ignore NavyEOD Report Abuse Start lowering the pump price now.
rasprout Champion Author Tacoma Posts:2,610 Points:833,955 Joined:Jun 2009	Message Posted: Sep 6, 2010 11:09:01 AM Ignore rasprout Report Abuse Would be nice to see a drop in Gas prices!!!
moody4u Champion Author Cincinnati Posts:3,635 Points:716,180 Joined:Oct 2008	Message Posted: Sep 6, 2010 11:06:34 AM Ignore moody4u Report Abuse It went up here 25 cents. Lies, Lies & more Lies!!! The price will drop soon, so will the stock market Down too 5000 or so. Thanks, Obumma!!!
BEngr Champion Author Illinois Posts:4,268 Points:1,116,205 Joined:May 2008	Message Posted: Sep 6, 2010 11:05:01 AM Ignore BEngr Report Abuse If I'm correct, speculators can make money when oil and gas prices rise or fall. That is called a win win deal.
uglytom Champion Author Florida Posts:5,678 Points:1,188,960 Joined:Jul 2007	Message Posted: Sep 6, 2010 11:02:21 AM Ignore uglytom Report Abuse About time that they recognized the gravy train is over for now!
fire@53 Champion Author Philadelphia Posts:9,602 Points:2,328,500 Joined:May 2003	Message Posted: Sep 6, 2010 11:00:34 AM Ignore fire@53 Report Abuse Time to regulate the hedge funds ink oil and gas futures!
travelzonecente Champion Author Riverside Posts:3,486 Points:808,515 Joined:Jun 2008	Message Posted: Sep 6, 2010 10:57:22 AM Ignore travelzonecente Report Abuse Prices are going up.up up up and away
Wolfwings Champion Author Delaware Posts:6,403 Points:1,313,190 Joined:May 2004	Message Posted: Sep 6, 2010 10:54:13 AM Ignore Wolfwings Report Abuse The easiest way to stop this plan is to STOP BUYING hedge funds that buy into any kind of POWER futures. Logic says that you must TELL THEM why, so they have a chance to change...
NanookAK Champion Author Anchorage Posts:4,525 Points:974,115 Joined:Nov 2007	Message Posted: Sep 6, 2010 10:52:43 AM Ignore NanookAK Report Abuse Damn speculators interfering again.
vizilo Champion Author British Columbia Posts:4,463 Points:2,337,945 Joined:May 2004	Message Posted: Sep 6, 2010 10:52:23 AM Ignore vizilo Report Abuse Hedge funds not always right
jimgraham Champion Author Akron Posts:7,960 Points:1,513,820 Joined:Oct 2007	Message Posted: Sep 6, 2010 10:52:03 AM Ignore jimgraham Report Abuse Just wait for tomorrow. Stocks will go up because some think gas is going down, and then gas will go up because of "the good outlook for the stock market".. Too many dollars chasing too few goods. Increase the % that speculators have to put up, O'Bammer...... as if you can.
PhilMils Champion Author Virginia Posts:4,846 Points:948,785 Joined:Dec 2008	Message Posted: Sep 6, 2010 10:49:57 AM Ignore PhilMils Report Abuse Regretfully, it is impossible to completely do away with speculators. This article is one that is of interest only to speculators and others with only short-term goals. We need to look at the long term when it comes to oil or gasoline prices.
stevencr Champion Author Ohio Posts:3,297 Points:967,685 Joined:Mar 2009	Message Posted: Sep 6, 2010 10:49:43 AM Ignore stevencr Report Abuse What did they say???
MahopacJack Champion Author New York Posts:5,900 Points:1,181,550 Joined:Feb 2008	Message Posted: Sep 6, 2010 10:47:08 AM Ignore MahopacJack Report Abuse From the article, "...Investors have turned bearish on gasoline amid a slide in demand just as the motoring season ends and economic data sends mixed signals about U.S. recovery" People who do commodity trading are not investors, they are speculators. Bloomberg should know better.
twiper1 Champion Author San Diego Posts:5,477 Points:1,139,535 Joined:Oct 2008	Message Posted: Sep 6, 2010 10:46:33 AM Ignore twiper1 Report Abuse I thought Obama done away with speculating, Good going Obama
ironbox_sara Champion Author Albany Posts:7,245 Points:1,782,090 Joined:Mar 2006	Message Posted: Sep 6, 2010 10:44:04 AM Ignore ironbox_sara Report Abuse Idiots.
remay Champion Author Houston Posts:4,701 Points:1,655,795 Joined:May 2006	Message Posted: Sep 6, 2010 10:40:18 AM Ignore remay Report Abuse Why do I feel this is false hope that prices will go down (more)?
Ken2OD Champion Author Grand Rapids Posts:6,678 Points:1,507,075 Joined:Dec 2005	Message Posted: Sep 6, 2010 10:33:27 AM Ignore Ken2OD Report Abuse Finally! The SPECULATORS are beginning to eat crow.
MalibuGordie Champion Author California Posts:5,078 Points:1,052,310 Joined:Sep 2008	Message Posted: Sep 6, 2010 10:11:10 AM Ignore MalibuGordie Report Abuse The only problem here is that these people have been wrong as often as they have been right!
goalie1950 Champion Author Phoenix Posts:4,049 Points:830,345 Joined:Oct 2009	Message Posted: Sep 6, 2010 9:56:53 AM Ignore goalie1950 Report Abuse The business of price speculation on energy sources should be regulated or outlawed all together. The actions of a few influence the price that's paid by the many. Not a good situation to have to deal with.
96sc1 Champion Author El Paso Posts:7,440 Points:1,143,205 Joined:Mar 2008	Message Posted: Sep 6, 2010 9:52:39 AM Ignore 96sc1 Report Abuse There is no such thing as a jobless recovery.
Helms Champion Author Fort Worth Posts:4,724 Points:1,494,080 Joined:Jun 2005	Message Posted: Sep 6, 2010 9:52:10 AM Ignore Helms Report Abuse bears means they think the price will go down jjjleblanc...and they take positions that help move it in that direction.....gas prices have been falling here for 1 week...one station jumped form $2.37 to $2.45 overnight, but when no one else folloed suit by mid-moening they were back at $2.37 again.
applejoe Champion Author Twin Cities Posts:3,630 Points:766,320 Joined:May 2001	Message Posted: Sep 6, 2010 9:50:53 AM Ignore applejoe Report Abuse How is this "hope and change " working out for you? Sucks for me!!!!!
jjjleblanc Champion Author Rochester Posts:4,349 Points:1,100,475 Joined:Jun 2008	Message Posted: Sep 6, 2010 9:48:51 AM Ignore jjjleblanc Report Abuse Reason oil is as high as it is.
w4kh Champion Author Riverside Posts:9,311 Points:1,762,175 Joined:May 2004	Message Posted: Sep 6, 2010 9:47:16 AM Ignore w4kh Report Abuse Hedge Funds place their bets based upon their best guess/estimate of future trends... with gasoline demand forecast to go down as the US summer driving season ends, gasoline inventories increasing, and the US economy not recovering as rapidly as previously forecast nor hoped for, bets on gasoline staying high don't make sense, and so the Hedge Funds pull out of gasoline futures, selling off their holdings and epressing prices... simply free market operation.
EXTREMESNOW Champion Author Medford Posts:7,052 Points:1,453,565 Joined:Jul 2006	Message Posted: Sep 6, 2010 9:44:53 AM Ignore EXTREMESNOW Report Abuse Hard to believe they can sell something they don't own but they do.
repeater1 Champion Author Topeka Posts:6,043 Points:1,914,545 Joined:Oct 2005	Message Posted: Sep 6, 2010 9:44:48 AM Ignore repeater1 Report Abuse Speculators hard at work to jack oil prices higher when there is not good reason for them to be going up.
RAC110 Champion Author Massachusetts Posts:3,990 Points:1,473,600 Joined:Mar 2003	Message Posted: Sep 6, 2010 9:43:56 AM Ignore RAC110 Report Abuse gas makes the world go round and am surprised it did not go higher than it did