When Will High Gasoline Hurt Stocks?  By Feb 6, 2013, 5:25 PM
Author's Blog    Everyone has seen the rise in the major stock
indexes recently. The highly followed Dow Jones Industrial
Average (DJIA) just traded as high as 14,000 yesterday which was
last seen in late 2007. Nearly every talking head in the
financial media is screaming about the bullish stock market on a
daily basis. The one thing that people are not talking about is
the high energy prices that come with the rising stock market.
Gasoline prices have been steadily rising at the pump since
November 2012. Traders and investors can track the price of
gasoline by following the United States Gasoline Fund
(NYSEARCA:UGA). On November 2, 2012 the UGA was trading at
$53.66 a share. Today, the UGA is trading at a new four year
high at $64.11 a share. A gallon of regular unleaded gasoline is
now averaging around $3.60 in the Eastern part of the United
States. Remember, high gasoline prices are a direct tax on the
U.S. consumer. Consumers have already rece