As I read the story on ABC.com yesterday, a wave of nostalgia swept over me: "Experts say rising gas prices spur thefts. Industry experts say gasoline theft cost retailers $237 million last year, and this year may be much worse because of the higher prices."
Ah, memories of the '70s. Memories of a gallon of gasoline approaching the price of a gallon of milk. Memories of my father, who taught me to suck gasoline from the tank of our Datsun 310 through a rubber hose to fuel a summer day's lawn mowing, who taught me to siphon unused gasoline from the lawnmower's gas tank and back into the car's at the end of the mowing season.
And of course, memories of skyrocketing reports of gasoline thefts conducted by the same low-tech method. Back in those days, the most popular accessory in the automobile aftermarket was . lockable gas caps.
It all got me to thinking recently about how an investor might profit from the high price of gasoline at the fuel pumps of today. Not just by investing in ExxonMobil
Not surprisingly, few companies prominently advertise the humble gas cap as among their primary manufactures. But I've found a few that appear to be in the business and might be worth looking at.
An easier way to play this trend, if it re-emerges, would be to invest in retailers that stock gas caps. Here, the usual suspects should work just fine: Pep Boys
Of course, the '70s trend of robbing parked cars of their fuel may prove to have been a historical anomaly, and gas siphoning may remain a lost art. In which case, all of these investing ideas will come to naught.
But one thing I know for certain: Once you've got the suction going, stop sucking or you'll wind up with a mouth full of petrol.
To siphon off more petrol-related Foolishness, click here:
- Gas prices are gaining rapidly on milk prices. Can milk re-establish its lead?
- Or will gas soon leave milk in the dust?
F ool contributor Rich Smith does not own shares of any company named above.