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The United States Gasoline ETF, LP (UGA)

- NYSEARCA
  • Nov. 24, 2013, 9:55 PM
    • A six-month deal to curtail Iran's nuclear ambitions is enough to send oil futures sliding 0.85% in Monday's early electronic trading. The easing of geopolitical tensions is usually a good excuse to pare bullish bets on crude.
    • Although the deal doesn't officially ease restrictions on crude oil sales, it does represent progress and some believe the agreement may be a precursor to the eventual resumption of exports.
    • "We can ... expect some price weakness as the market adjusts to the future prospect that Iranian exports will resume,” one Societe Generale strategist tells Bloomberg.
    • For more on the deal, see here.
    • ETFs: USO, OIL, UCO, SCO, UGA, DBO, BNO, DTO, CRUD, USL, DBE, UHN, RJN, DNO, SZO, OILZ, UWTI, OLO, UOIL, DWTI, JJE, RGRE, ONG, DOIL, OLEM, TWTI, FOL, UBN
    | 3 Comments
  • Nov. 24, 2013, 2:47 AM
    • Iran and the P5+1 world powers have struck a six-month interim agreement in which the Persian nation will limit its nuclear program in exchange for an easing of international sanctions that will provide the country with $6-7B of foreign exchange.
    • However, "the key oil, banking, and financial sanctions architecture, remains in place," the White House said in a fact sheet.
    • "The EU crude oil ban will remain in effect and Iran will be held to approximately 1M bpd in sales, resulting in continuing lost sales worth an additional $4B per month," the sheet said.
    • Iran will eliminate uranium enriched to 20%, halt the installation of advanced centrifuges, refrain from commissioning its Arak heavy water reactor - from which plutonium can be made - and remove its stockpile of the fissile material, which is thought to be almost enough to make one nuclear bomb.
    • The sides now plan to spend the next six months working on a permanent deal.
    • The P5+1 and Iran have expressed satisfaction with the deal, but Israeli ministers have already rushed to the airwaves to denounce it.
    • President Obama's statement.
    • ETFs: USO, OIL, UCO, SCO, UGA, DBO, BNO, DTO, CRUD, USL, DBE, UHN, RJN, DNO, SZO, OILZ, UWTI, OLO, UOIL, DWTI, JJE, RGRE, ONG, DOIL, OLEM, TWTI, FOL, UBN
    | 30 Comments
  • Nov. 12, 2013, 3:11 PM
    | 17 Comments
  • Nov. 7, 2013, 9:10 AM
    | 15 Comments
  • 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.
    • ETFs: OIL, USO, DBO, OLO, USL, CRUD, UCO, DTO, SCO, SZO, DNO, UWTI, DWTIBNO, UOIL, DOIL, UGA.
    | 1 Comment
  • 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.
    | 10 Comments
  • 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.
    | 2 Comments
  • 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%.
    | 3 Comments
  • 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?
    | 1 Comment
  • 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%.
    | 4 Comments
  • 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.
    | Comment!
  • 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%.
    | Comment!
  • 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.
    | Comment!
  • 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.
    | 26 Comments
  • 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.
    | 6 Comments
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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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