Here is no futures contract on aviation fuel combo air inc, Finance Basics

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Here is no futures contract on aviation fuel combo air inc

Question: There is no futures contract on aviation fuel. Combo Air Inc. has to buy 3 million gallons of aviation fuel in three months. Suppose you are in charge of Combo Air's hedging activities. You gather the following data:

a. Which energy futures contract will you choose for hedging jet fuel purchase?

b. Is this a long hedge or a short hedge?

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