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The United States Gasoline ETF, LP (UGA)

  • Nov. 7, 2013, 9:10 AM
  • Oct. 23, 2013, 9:32 AM
    • The API late yesterday reported a 3M barrel build in domestic supplies, a number the EIA is expected to confirm in its own report at 10:30 ET.
    • WTI crude (USO) is off 1.9% to $96.48, the lowest price since late June. Brent crude (BNO) isn't off nearly as much and the spread between the two has widened to a 6-month high of about $12 per barrel.
    • Behind the stock build and lower U.S. prices could be refinery maintenance shutdowns. Fewer runs mean lower demand for crude, but also mean less product - gasoline and distillate supplies are both expected to print lower in the EIA report.
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  • Jul. 13, 2013, 8:25 AM
    More pain at the pump is coming for U.S. consumers, as AAA says average gasoline prices could pop another $0.10-$0.15/gallon after Friday's 3.2-cent surge, the biggest one-day rise in five months. The recent spike in gasoline futures prices is linked to reports this week of production hitches at several U.S. refineries. Though inventories are high, they've been dropping steadily. UGA, the gasoline ETF, +15% this month.
  • Jun. 10, 2013, 7:38 PM
    The national average retail price of regular gasoline rose 0.9 cent to $3.655 a gallon in the week ended Monday, according to the EIA. Prices are 8.3 cents above year-earlier levels, the biggest year-on-year premium since February 18.
  • Mar. 13, 2013, 10:47 AM
    Refiners are taking a hit on an after-the-fact downgrade by Macquarie, but surely they will like the latest EIA report showing a bigger-than-expected gain in oil (USO) inventories, and a far larger-than-expected decline in gasoline (UGA) stocks. A refinery-heavy ETF, PXE -1%.
  • Mar. 6, 2013, 11:05 AM
    WTI crude (USO -1.3%) slips back below $90/barrel following the unexpected surge in inventories. Gasoline (UGA -0.9%) stockpiles fell as well, but by less than expectations. Perhaps some relief at the pump is on the way?
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  • Mar. 1, 2013, 3:45 PM
    Refiners have a big day as oil dropping to its low of the year while gasoline (UGA) rises has their profit margin widening even further. VLO +2.3%, TSO +3.5%, WNR +5.2%.
  • Jan. 28, 2013, 2:41 PM
    Hess' (HES) plan to exit oil refining, including closing the Port Reading, N.J., plant with a daily capacity of 70K barrels, is unlikely to spur imports of European gasoline into the U.S., as refiners in the U.S. and the Caribbean will replace lost capacity, analysts say. Danske Markets' Bjorn Roed sees no long-term arbitrage opening up that would stimulate increased Europe-U.S. product trade. RBOB +2% to $2.9336.
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  • Dec. 12, 2012, 10:46 AM
    WTI crude gives up a chunk of sizable early gains - USO +0.3% - after an unexpected build in stocks last week. Product stock builds were double what was expected, but the gasoline ETF (UGA) still gains 1.4%.
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  • Nov. 5, 2012, 8:31 AM
    Gasoline prices tumbled nearly $0.21 since October 19, according to the Lundberg Survey, the largest 2-week decline since late 2008. California dominates, with a $0.49 plunge reversing a big uptick in the wake of now-corrected refinery issues.
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  • Oct. 7, 2012, 6:31 AM
    Average pump prices in California hit a record $4.614/gallon yesterday vs. $4.145 a week earlier following refinery and pipeline outages, with one downtown LA station even selling regular grade at $5.49/gallon. Prices might now have peaked, as Exxon's Torrance refinery resumed normal ops on Friday after experiencing power problems.
  • Aug. 28, 2012, 12:35 PM
    Tropical Storm Isaac is upgraded to Category 1 hurricane by the NHS, with sustained winds of 75 mph and moving northwest at 10 mph. Natural gas (UNG) and gasoline (UGA) futures remain flat to moderately lower. WTI crude (USO+0.5%.
    | 1 Comment
  • Aug. 8, 2012, 11:25 AM
    It seems like we can have higher stock prices or lower crude oil prices, but we can't have both. Crude continues a 6-week rally, moving to its highest price since spring at $94.24. The gasoline ETF: UGA +14.9% in the last month. Earlier, inventory data showed an unexpected draw on stocks.
  • Jul. 25, 2012, 10:47 AM
    WTI crude tumbles 1.1% to $87.56 after the EIA reports an unexpected rise in oil inventory and greater-than-expected bumps in product inventories. USO -1.3%. Gasoline ETF: UGA -2.1%.
  • Jun. 8, 2012, 3:02 AM
    Crude futures tumble 2.3% to $82.86. Natural gas (-0.9%) and gasoline (-1.3%) aren't looking too hot either. Disappointment from lack of Fed easing hints? Concerns over upcoming China data? Or just a general bearish sell-off?
  • Apr. 25, 2012, 10:54 AM
    WTI crude gives up its gains, now -0.4% to $103.17 following a stronger-than-expected build in inventories. Products saw unexpected drawdowns, but gasoline is still lower, UGA -1.2%.
UGA vs. ETF Alternatives
UGA Description
The United States Gasoline Fund LP (UGA) is an exchange traded security that is designed to track in percentage terms the movements of gasoline prices.
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