That sucking sound you hear is more money going directly from your wallet and into your gas tank. That’s right: Gas prices are once again on the move upward — just in time for your summer vacation plans.

According to AAA, a gallon of unleaded fuel hit an average of $3.70 today. That’s about a 3-cent increase from last week, but well up from the $3.52 a gallon recorded last month. Moreover, the automobile club predicts that gas prices per gallon will hit $3.75 by early summer before rising further during peak driving times.

The culprit? Lower supply here at home.

While energy companies aren’t allowed to export crude oil, they can export finished and refined petroleum products. And that means gasoline. Recent data from the Energy Information Administration showed that energy firms in the U.S. exported about 3.6 million barrels worth of gasoline a day last week, according to the Wall Street Journal. That’s an increase of about 25% for the same period last year. All in all, that’s crimped domestic supplies of gasoline down to their lowest point for this time of year since 2011.

Lower supply due to exports plus rising demand equal higher gas prices for you and me. Yet, you don’t have to take higher gas prices in stride. There are ways investors can hedge and profit from the upcoming pain at the pump. Here’s four ways to do just that.

Valero (VLO)

As one of the nation’s largest independent downstream players, Valero (VLO) is in a prime position to profit from exporting refined petroleum products and rising gas prices. In fact, VLO has made sending gasoline and diesel overseas one of its main pillars of profit.

Valero is responsible for about 20$ to 25% of all refined fuel exports from the U.S. and exports around 20% of all the diesel fuel and 8% of all the gasoline in produces.

During its last earnings report, VLO reported that it sent 193,000 barrels of diesel fuel and 91,000 barrels of gasoline overseas every day during the third quarter. More importantly, Valero has been working to increase that capacity even further and recently beefed up its terminal assets on the Gulf Coast.

Valero has also spent a hefty penny reconfiguring its refineries to run on more light sweet crude oil — the kind produced in the Bakken and Eagle Ford — rather than heavier, sour crude. That gives VLO higher profit margins since gas prices are tied to Brent-benchmarked crude.

VLO trades at just 9 times next year’s expected earnings, so it’s a cheap choice to hedge rising gas prices, and it also offers a 1.8% dividend yield for a little backside protection.

Phillips 66 (PSX)

As if ConocoPhillips (COP) spinoff Phillips 66 (PSX) needed any more positives. PSX is already becoming a major player in liquefied petroleum gas (LPG) and propane exports. Meanwhile, it’s a major midstream and natural gas processor as well. All of these refining activities are boosting the firm’s bottom line.

You can add gasoline exporter to that list of achievements.

Like Valero, PSX has continued to see the benefits of exporting gasoline and diesel — especially to a hungry South American market.

Phillips 66 currently has the capacity to export around 320,000 barrels of gasoline a day from its facilities in the Gulf. As of the fourth quarter of 2013, PSX was using that capacity to send around 190,000 barrels per day. While that was the fourth quarter in a row of rising export volumes, it still leaves plenty of room to raise it more. Also like Valero, PSX has been able to use light sweet crude to its advantage and profit from the rich crack spread.

Meanwhile, Phillips 66 shares, while not as cheap as VLO, still are decently valued at 10.5 times next year’s earnings on anticipated long-term growth of almost 10%. It also yields just less than 2% in dividends.

Enterprise Products Partners, LP (EPD)

It shouldn’t come as a shock that midstream giant Enterprise Products Partners, LP (EPD) is one of the best ways to play rising gas prices. When you’re one of the largest midstream master limited partnerships (MLPs) in the country, you have your hands in a variety of different energy commodities. That includes pipelines that transport refined gasoline to export terminals.

EPD owns three different pipelines that carry refined crude oil to two different Gulf Coast export terminals. Those terminals are within a short tanker trip to the rich Central and South American markets. At the same time, Enterprise is expanding those terminals to begin exporting more gasoline. The terminals will be able to tap into nearly 12 million barrels worth of storage capacity and be able to export 360,000 barrels per day of gasoline, diesel and other products when fully completed by the end of this year.

All in all, these moves should help EPD continue with its rich tradition of rising cash flows and dividends. EPD currently yields a very healthy 3.9%.

United States Gasoline Fund (UGA)

One of the best ways to hedge against rising gas prices is to directly bet on that happening. The exchange-traded fund boom has made it easy for anyone with a brokerage account to hedge their gasoline consumption.

The United States Gasoline Fund (UGA) is the way to do it.

UGA attempts to track the changes, in percentage terms, of spot gas prices. It does this by using RBOB gasoline futures contracts and other gasoline-related forwards/swaps traded on the NYMEX exchange. Essentially, UGA avoids investors the hassle of opening and owning a futures account and dealing with the resulting headaches.

UGA is proven to be pretty effective at tracking rising gasoline prices as well.

Over the last five years as gasoline has surged from recessionary lows, UGA has managed to tack on an impressive 208% gain. That gain has certainly made up for the rise in gas prices in that time. Expenses for UGA run 0.6% — or $60 per $10,000 invested — and investors will get a K-1 statement from the fund come tax time.

As of this writing, Aaron Levitt did not hold a position in any of the aforementioned securities.