Commodities traders buy gasoline futures all the time. Could they work at the gas pump? Imagine a big gas chain willing to sell you future gas today. You would buy a coupon, good for 15 galons of gas in August, the month you plan a big family trip in the minivan. You're afraid the high prices in the future might hurt the trip, you can be protected against them. The futures might even cost less than gas at the pump today due to widespread belief that supplies will open up. In times of heavy fear they would cost less. You could even buy some of your gas years ahead (from a big chain you know will be around) and then sell them on eBay if you don't need them. Would you need a commodities licence to do so?
Would anybody buy them?
(Thanks to Kathryn for this idea.)
