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Gas ETF by D este
Gas ETF |
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Investment
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Gas for vehicles is one of the planets most widely used commodities and is a byproduct of crude oil. In the United States, where gasoline is used in cars and light trucks, boats, recreational vehicles, and farm, construction and landscaping equipment, consumption was equal to about 360 million gallons per day during 2011 about one gallon each day for every person in the United States. The United States does not produce enough crude oil to match this demand for gasoline, and as a result, imports about sixty percent of the crude oil used by US refineries. ETF Gasoline commodities "RBOB," or reformulated gasoline blend stock for oxygen blending, is a newer blend of unleaded gas that is prepared for the addition of ten percent fuel ethanol, an alcohol based fuel produced by fermenting and distilling corn and other starch crops. Many gas stations now sell this mixture.
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