Published 3 August 2026
You can get exposure to the gasoline price on Trading 212 without handling a single litre of fuel. Instead, you invest in a product that follows the wholesale gasoline price and trades as easily as a share. This guide shows exactly how to buy gasoline on Trading 212, why it is one of the more volatile fuels, and how to place your order.
Gasoline is a refined product, made from crude oil, so it moves with oil but adds its own swings from refining margins and the summer driving season. It is a focused, tactical market rather than a buy-and-forget holding. If you would rather spread across the whole oil complex, we also cover the broader baskets on Trading 212.
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Key Takeaways
- You buy gasoline through a futures-based commodity ETC, not physical fuel or refiner shares.
- The main option available on Trading 212 is WisdomTree Gasoline (UGAS), which tracks the Bloomberg Unleaded Gasoline Subindex.
- Gasoline is highly seasonal and volatile, driven by refining margins and summer demand, so it suits a tactical trade.
- UGAS trades in US dollars with no GBP line, so a pound account pays the 0.15% currency fee on the buy and the sell.
- The ongoing charge is around 0.49% a year, and because it is futures-based, contango can drag on returns.
What You Are Actually Buying
Buying gasoline on Trading 212 does not mean fuel delivered to you, and it does not mean buying shares in a refiner either. Instead, you buy an Exchange-Traded Commodity (ETC) that tracks the price of gasoline futures. Rather than storing physical fuel, it uses futures contracts to follow the market, with collateral held to back the position. Gasoline is one corner of a wider asset class, and our guide to commodities covers the full range.
A Single Fuel, Not a Basket
Gasoline is a focused, single-fuel exposure. WisdomTree Gasoline (UGAS) tracks the Bloomberg Unleaded Gasoline Subindex, which follows RBOB gasoline futures, the US wholesale petrol benchmark. Because it is one product refined from crude, it tends to move with oil but with extra swings of its own, especially around the summer driving season and when refinery outages tighten supply.
If a single fuel feels too concentrated, you can spread the risk. Our petroleum guide covers the basket of crude and refined products. For the full energy market, the energy basket adds natural gas. To follow crude directly, see our oil guide.
Things to Watch Out For (Fees, Currency and Contango)
The exposure is futures-based. Gasoline futures are often in contango, where later-dated contracts cost more than near-term ones, so each roll can drag on returns and the ETC may lag the headline spot price over long holds. Gasoline is also seasonal, so timing matters more than with a broad basket, which is why it is generally held as a short-term, tactical trade.
On costs, WisdomTree Gasoline is priced in US dollars and currently has no pound-denominated line, so a GBP account pays Trading 212’s 0.15% currency conversion fee on both the buy and the sell. The ongoing charge, shown as the expense ratio, is around 0.49% a year, and as a smaller ETC the spread can be wider, which is a good reason to use a limit order when you buy.
The ETC Questionnaire
There is also one quick step to know about before your first purchase. Because ETCs are classed as complex products, Trading 212 may ask you to complete a short appropriateness questionnaire before you can buy one. Our guide to the Trading 212 ETC questionnaire explains exactly what it asks and how to complete it.
How to Buy Gasoline on Trading 212: Step by Step
Step 1: The Search
Open the search, the magnifying glass icon, and type Gasoline. Filter to the ETFs section to skip leveraged products and land on the standard tracker.
Step 2: Choosing Your Product
At the time of writing, the main option available on Trading 212 is WisdomTree Gasoline (UGAS), which tracks the Bloomberg Unleaded Gasoline Subindex. Check the name says “Gasoline” rather than a broad basket or an equity fund. Note that it currently trades in US dollars, as there is no pound-denominated line at the time of writing. Fund availability can change, so it is worth checking Trading 212 for the latest options before you buy.
Step 3: Checking the Details
Click into the product and scroll to Instrument Details. Confirm the ongoing charge, shown as the expense ratio, is around 0.49%, and check the currency, which will read USD for UGAS. This is also where you can confirm it is the futures-based commodity ETC rather than an equity fund.
Step 4: Market vs Limit Orders
When you press buy you have a choice in the top right. A market order buys instantly at the current price, which is convenient but can slip if the price moves while it processes.
A limit order lets you set the maximum you will pay and only fills if the price dips to your level, which is handy on a volatile, smaller ETC.
Market and limit orders are just the starting point. Trading 212 also offers stop orders, stop-limit orders, and other tools that can help you buy at a specific price or protect against sudden drops. For a full breakdown of how each order type works and when to use them, see our guide on Trading 212 order types.
Conclusion
For most people, WisdomTree Gasoline (UGAS) is a tactical way to trade the gasoline price on Trading 212, with more volatility and seasonality than a broad energy basket. Bear in mind it is priced in dollars, so a pound account pays the currency fee, and the exposure is futures-based, so contango can drag on long-term returns. If a single fuel feels too concentrated, a petroleum or energy basket spreads the risk.
FAQ
What Drives the Gasoline Price?
Gasoline follows crude oil but adds its own swings from refining margins, refinery outages and the summer driving season, which makes it more volatile than oil.
Is WisdomTree Gasoline an ETF of Refiner Shares?
No. It is a commodity ETC that tracks gasoline futures, not the shares of refiners, so it moves with the fuel price rather than company earnings.
Does It Have a Currency Fee?
Yes, if your account is in a currency other than US dollars. Because UGAS is priced in US dollars, Trading 212’s 0.15% currency conversion fee applies each time you buy or sell, so a pound account pays it on both trades. The ongoing charge is around 0.49% a year.
Can I Hold Gasoline in an ISA?
Yes. Gasoline ETCs can be held in a Stocks and Shares ISA, which shelters any gains from tax.
Why Might It Lag the Spot Price?
Because it tracks futures rather than physical fuel. When the curve is in contango, rolling contracts forward costs a little each time, which can cause the ETC to trail the headline spot price over longer holds.