UGA
The United States Gasoline ETF, LPNYSEARCA
1d
5d
1m
6m
1y
5y
10y
Advanced Chart
  • Tue, Dec. 6, 5:16 PM
    • U.S. crude inventories fell 2.21M barrels last week, according to reports of just-released API data. It would be the largest decline in stocks in about 7 weeks.
    • The EIA reports its numbers tomorrow.
    • WTI crude has added about $0.20 since the report hit, still down 1.7% on the day at $50.91 per barrel.
    • USO +0.25% after hours
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    | Tue, Dec. 6, 5:16 PM | 27 Comments
  • Sat, Dec. 3, 11:33 AM
    • Electric vehicles are forecast to cut into oil demand by 1M-2M bbl/day by 2035, according to oil industry consultant Wood McKenzie.
    • That estimate is actually much more conservative than Bloomberg New Energy Finance’s estimate for EVs to impact demand by 8M bbl/day by 2035. For perspective, OPEC agreed this week to coordinated production cuts of 1.2M bbl/day which swung crude oil prices wildly. EVs are only sipping up the equivalent of 50K bbl/day currently.
    • The general consensus even in the oil industry is that governments are moving toward major changes with pollution and emissions regulations. Just this week, the cities of Paris, Mexico City, Madrid and Athens all said they would ban the use of diesel vehicles by 2025. Beijing is also slowly adopting pro-EV policies.
    • A higher mix of EVs in the future has already been tipped off by the dramatic long-term electrification initiatives announced this year by companies such as BMW (OTCPK:BMWYY), Volkswagen (OTCPK:VLKAY), Ford (NYSE:F) and Toyota (NYSE:TM). Around the corner, Tesla Motors (NASDAQ:TSLA) and General Motors (NYSE:GM) have their mass model EVs ready to roll - while new EV trucks, buses and motorcycles are also on the way.
    • WTI crude oil futures +1.21% to $51.68/bbl on Friday. Brent crude +0.96% to $54.46/bbl.
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, SZO, OLEM, OILK, OILX.
    | Sat, Dec. 3, 11:33 AM | 169 Comments
  • Fri, Dec. 2, 11:08 AM
    • Speaking in D.C., former Saudi Oil Minister Ali Al-Naimi says it remains to be seen if this week's deal to cut production is successful.
    • In addition to his acknowledgement of "cheating" on caps, Al-Naimi notes there's still plenty of shale oil to be found across the globe.
    • WTI crude this morning is higher by another 0.7% to $51.41 per barrel, and in line for a weekly gain of more than 11%.
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    | Fri, Dec. 2, 11:08 AM | 33 Comments
  • Tue, Nov. 29, 9:12 AM
    • Speaking to reporters in Vienna, Iran oil minister Bijan Namdar Zanganeh says his country "won't cut oil production."
    • Bloomberg reports the Saudis as ready to reject any deal if Iran and Iraq don't participate. The Kingdom, according to the report, will only accept production cut exemptions for Nigeria and Libya.
    • WTI crude is now lower by 3.6% to $45.38 per barrel.
    • USO -3.25% premarket
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    | Tue, Nov. 29, 9:12 AM | 105 Comments
  • Mon, Nov. 28, 12:26 PM
    • Oil and the stocks of European oil players were hit early today, with a weekend story about Saudi Arabian oil honchos pulling out of a Monday meeting with their Russian counterparts setting the opening tone.
    • Later in the session though, Iraqi Oil Minister Jabbar al-Luaibi said he was optimistic a production deal will be reached later this week.
    • WTI crude is now higher by 2.55% on the session to $47.24 per barrel. USO +1.95%
    • The XLE, however, remains in the red by 0.45%.
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    | Mon, Nov. 28, 12:26 PM | 12 Comments
  • Tue, Nov. 22, 4:47 PM
    • Crude inventories fell 1.28M barrels last week, according to the API.
    • Distillates fell 350K barrels, and gasoline supplies rose 2.68M barrels - the largest weekly gain since February.
    • The EIA publishes its data tomorrow and expectations are for a 1M barrel add to crude stockpiles.
    • Oil is quiet in late trade at $47.91 per barrel.
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    | Tue, Nov. 22, 4:47 PM | 5 Comments
  • Tue, Nov. 22, 12:12 PM
    | Tue, Nov. 22, 12:12 PM | 5 Comments
  • Tue, Nov. 22, 8:45 AM
    • "We think we should increase output," Iraqi Foreign Minister Ibrahim al-Jafari tells reporters. "Iraq is in a special situation ...we are at war ... It would not be fair for us to cut output."
    • Black gold had breached $49 per barrel earlier this morning, but has now slid back to just below $48, down 0.5% on the session.
    • USO -0.65% premarket
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    | Tue, Nov. 22, 8:45 AM | 38 Comments
  • Mon, Nov. 21, 2:59 PM
    • The latest chatter on some sort of agreement comes from Libyan OPEC Governor Mohamed Oun, who says the cartel is discussing an output range of 32.5M-33M barrels per day (vs. current levels just north of 35M).
    • OPEC meets to maybe hammer out a formal deal later this month.
    • Source: Bloomberg
    • WTI crude today is higher by 3.9% to $47.48 per barrel - now up about $4 per barrel over the past few sessions.
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    | Mon, Nov. 21, 2:59 PM | 5 Comments
  • Thu, Nov. 17, 3:57 PM
    • Last month's U.S. deliveries of petroleum products was the strongest October since 2007, according to the API.
    • The level was 20.07M barrels per day vs. 19.5M a year ago.
    • This comes against U.S. crude production of 8.61M barrels per day vs. 9.36M a year ago. Crude imports of 7.67M vs. 7.10M; product imports of 2.09M vs. 1.74M.
    • Refinery utilization rate of 86% vs. 86.5%.
    • Oil today is down 1.4% to $44.94 per barrel.
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    | Thu, Nov. 17, 3:57 PM | 4 Comments
  • Thu, Nov. 17, 7:36 AM
    | Thu, Nov. 17, 7:36 AM | 15 Comments
  • Tue, Nov. 15, 3:31 PM
    • Renewed hopes for some sort of OPEC output deal make for a good excuse, but oil's been a one-way bet lower for several weeks, and sometimes things just bounce.
    • The Saudi energy minister is expected to head to Doha this week for meetings with ministers of oil-producing nations, according to Reuters. OPEC itself has a formal meeting on Nov. 30 at which a deal will or won't be hammered out to limit output.
    • Back to the price action ... WTI crude topped out in the mid-$50s in mid-October and has been going down in straight line since, bottoming yesterday just north of $42 per barrel. It's higher by 5.7% today to $45.79. USO +4.8%
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    | Tue, Nov. 15, 3:31 PM | 37 Comments
  • Fri, Nov. 11, 7:30 AM
    • Ahead of another meeting this month to try and formalize a deal to cut output, OPEC's oil production in October rose 240K barrels per day to 33.64M barrels.
    • That level is about 1M barrels per day above the high-end of the range agreed to at the cartel's September meeting. Driving October's increase were Nigeria, Libya, and Iraq - countries seeking exemptions from any production cut agreement.
    • Oil is lower by 1.5% to $44 per barrel - about its weakest level in a couple of months.
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    | Fri, Nov. 11, 7:30 AM | 16 Comments
  • Tue, Nov. 8, 4:45 PM
    | Tue, Nov. 8, 4:45 PM | 17 Comments
  • Sun, Nov. 6, 5:04 PM
    • The Colonial Pipeline restarts its main gasoline conduit Sunday morning after an explosion shut Line 1 for six days and forced Gulf Coast refiners to cut rates.
    • Stocks/ETFs potentially affected: UGA, DK, ALJ, VLO, MPC, PBF, RDS.A, RDS.B
    | Sun, Nov. 6, 5:04 PM | 3 Comments
  • Thu, Nov. 3, 5:35 PM
    • Colonial Pipeline says it is still on target to reopen on Saturday as it continues to repair its damaged fuel pipeline, but a small fire from this week's explosion continues to burn for a fourth day.
    • So far, ~4M barrels, or 168M gallons, of gasoline have been shut in due to the explosion that took out service on one line of a system that supplies about half of the refined products used on the U.S. east coast, bringing gasoline, jet fuel and diesel more than 5K miles from refineries in Houston to storage facilities near New York City.
    • “There are a lot of skeptics out there, but in Colonial’s credit, in the situation in September, they gave the set timeline and they met it,” according to a AAA spokesperson. “We’re looking at prices not moving all that much.”
    • Meanwhile, the Colonial Pipeline disruption has highlighted concerns about aging U.S. energy infrastructure, as more than half of U.S. fuel pipelines were built before 1970.
    • Gasoline futures (NYSEARCA:UGA) settled 1.6% lower today at $1.4245/gal, a one-month low, trimming gains made after Monday's initial surge following the blast, and nationwide retail gasoline prices have climbed $0.012/gal to $2.218 since Monday.
    | Thu, Nov. 3, 5:35 PM
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub