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Memorial Day weekend is about to kick off, but the buzz surrounding the holiday is different than usual.
In the past, most people packed their bags for a long weekend getaway, but now, many are wondering if that short trip is even worth the gas money…
As you've probably noticed, it costs a little more at the pump than it did a month ago…
As of Monday, the national average for a gallon of gas was sitting at $2.92 – and that's expected to go up at the start of the holiday weekend.
But that doesn't mean you have to cancel your plans and spend the weekend binge-watching Netflix…
You see, there's an easy way for you to "reimburse" yourself at the pump. Two, actually…
Here's What's Going on with Oil Prices
Back in February, I predicted that oil would take off on a bullish run based on a strong seasonal pattern the Money Calendar was showing. And that pattern revealed that when the oil market was crashing, it typically moves higher between mid-February and mid-July.
Urgent: Oil prices could soar to $100 (or higher) ahead of largest IPO ever – click here to see how you could triple your money from oil's epic rise.
Fast forward to now and oil prices are surging, with no signs of slowing down – just like my Money Calendar predicted.
Now, you've probably seen things like oil moving as high as $100 per barrel – and the truth is, I don't think it will stop there. Both Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries have been flirting with production cut extensions into mid-2019. Back in April, the cuts marked a record number of months in which they adhered to the cuts, which was five months in a row. That means oil prices could go even higher.
And with the holiday weekend right around the corner, it's a guarantee that oil will see a short-term bump in price.
But that doesn't mean you can't "reimburse" yourself…
Two Ways to Pad Your Pockets at the Pump
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About the Author
Tom Gentile is one of the world's foremost authorities on stock, futures and options trading.
With more than 25 years' experience trading stocks, futures, and options, Tom's style of trading systems and strategies are designed to help individual investors propel themselves past 99 percent of the trading crowd.