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With gasoline now at $3.37 per gallon – 20 cents higher than last week, and rising daily – who is profiting from higher prices and who is not?
Converting combustion engines to natural gas is relatively easy, says John Kilduff, founding partner at Again Capital in New York.
“There are plenty of companies, such as UPS and FedEx, that have fleets of trucks running on natural gas. Maybe this will prompt policymakers to throw stimulus dollars in that direction. Natural gas is in abundance right now,” he adds.
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