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Deep Dive Energy ETFs are still priced very low compared to expected earnings, creating a cushion for investors Getty Images/iStockphoto If you drive a lot, you are suffering whenever you pull into a gas station. But you might make up for some of that pain at the pump by investing in oil companies that appear to be in a particularly sweet spot. Gas prices are high, in part, because they are declining to invest in increasing domestic supply. Three ETFs, listed below, can provide broad exposure to the sector that still has a favorable supply-and-demand setup. High oil prices — and more shortages ahead West Texas crude oil for July delivery CL was trading for $119.47 a barrel on June 6, up 59% from the end of last year, based on continuous front-month contract prices CL00. As U.S. gas prices come closer to doubling from a year ago , President Joe Biden has called the high prices part of an “ incredible transformation ” that will make the U.S. stronger over time during the transition to clean-energy sources. Meanwhile, only about 3% of U.S. autos are electric vehicles , and there are numerous repots of EV travelers inconvenienced by […]
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