Gasoline futures are a type of financial contract that allows investors to speculate on the future price of gasoline. They are traded on exchanges, and the price of a gasoline futures contract is determined by the market’s expectations of the future price of gasoline.
Gasoline futures are important because they allow investors to hedge against the risk of rising gasoline prices. They can also be used to speculate on the future price of gasoline, which can be a profitable endeavor if the market correctly predicts the future price.