Seeking Alpha

The United States Gasoline ETF, LP (UGA)

  • Apr. 17, 2012, 11:47 AM
    The President's plan to chill supposed oil manipulation: Increase by 6-fold the surveillance and enforcement staff at the CFTC. Increase spending on surveillance technology. Increase civil and criminal penalties for manipulation from $1M to $10M. Give the CFTC authority to increase margins (presumably now only the domain of the exchanges). Crude +1.4% to $104.84.
  • Apr. 17, 2012, 8:09 AM
    With gasoline hovering around $4/gallon, the President this morning is expected to announce proposals to crack down on higher oil prices, including increased penalties for market manipulation and allowing for an increase in margin requirements. Wouldn't phone calls to the FOMC, BoE, and the ECB be easier? WTI crude +0.8% to $104.22.
  • Apr. 11, 2012, 9:51 AM
    Though gas prices on average have tricked lower over the last week, drivers on the East Coast aren't paying less at the pump. A flurry of refinery closures in the region have pushed up transport costs in a trend that could continue through the summer.
  • Apr. 10, 2012, 3:38 PM
    Gas prices are set to rise, according to EIA forecasts. Retail gasoline prices are expected to average $3.81 in 2012 and $3.73 per gallon in 2013, up $0.26 and $0.14 respectively from last months estimates. The energy agency adds that prices are likely to average $3.95 a gallon from April to September, with a peak called for in May at $4.01 a gallon.
  • Mar. 30, 2012, 8:29 AM
    Prices at the pump creep higher again, the average price for regular rising to $3.925/gallon as of early this morning. The price is nearly 11% higher Y/Y and at another new record for March. Gasoline ETF: UGA +18.9% YTD.
  • Mar. 26, 2012, 11:52 AM
    The average price at the pump creeps higher, rounding up to $3.90/gallon for regular, according to AAA. UGA +20.5% YTD. Beleaguered drivers can take tiny comfort from oil today, not participating in the Bernanke-led stock and commodity rally. WTI crude flat at $106.84.
  • Mar. 18, 2012, 5:31 AM
    Although there has been much debate about the economic and political effects of rising gasoline costs, studies indicate that while consumers get angry, the issue doesn't have a particularly big influence on whom they'll vote for. A major reason is that there is division as to whether politicians are even responsible.
  • Mar. 18, 2012, 5:16 AM
    While inflation came in below expectations in February, gasoline prices jumped 6% and futures indicate that $4/gallon is not far off, with the average pump price $3.831 on Friday. A major reason is that loss-making North East refineries are being idled or shut permanently as their operators get squeezed by higher oil prices.
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  • Jun. 14, 2011, 11:09 AM
    Gasoline futures jump on a combination of higher crude and news BP (BP +1.76%) has shut down another unit at a key Texas refinery. This is the second shutdown in two weeks for the facility. UGA +1.5%. USO +1.0%.
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  • May. 11, 2011, 7:43 AM
    The Mississippi flooding is expected to cause billions of dollars in damages, with one economist putting the figure at up to $4B. The deluge is heading towards the Gulf Coast, where many of the U.S.'s biggest refineries are located, hastening the return of  $4-a-gallon gasoline.
  • May. 5, 2011, 1:16 PM
    Some ETF plays - petroleum-related in the near-term (UGA, XOIL), and alternative-energy in the longer term (FCG, LIT) - might help soften the portfolio blow of still-increasing gasoline prices. That is, assuming you think the dollar will keep declining.
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  • Apr. 28, 2011, 8:38 AM
    Russia will suspend gas exports in May to quench domestic demand. Companies had switched fuel flows abroad to capitalize on rising energy prices and avoid domestic price caps. Russia has sent 3M tons of oil products abroad YTD, matching its total for all of 2010.
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  • Feb. 18, 2010, 10:10 AM
    Sector ETF strength: Gold Miners– GDX +1.2%. Silver– SLV +1.1%. Base Metals– DBB +1.1%. Gasoline– UGA +1%.
    Sector ETF weakness: Semis– IGW -1.1%. Semis– SMH -0.8%.
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  • Feb. 16, 2010, 3:24 PM
    Sector ETF strength: Solar– TAN +4.7%. Heating Oil– UHN +4.1%. Steel– SLX +3.9%. Oil– USO +3.9%. Silver– SLV +3.9%. Coal– KOL +3.5%. Commodities– GSG +3.3%. Gasoline– UGA +3.1%.
    Sector ETF weakness: none.
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  • Feb. 11, 2010, 10:06 AM
    Sector ETF weakness: Real Estate– IYR -1.1%. Homebuilders– XHB -1.1%. Regional Banks– KRE -1.1%. Gasoline– UGA -1.1%. Telecom– IYZ -1%.
    Sector ETF strength: Coal– KOL +1.5%.
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  • Feb. 10, 2010, 10:24 AM
    Sector ETF weakness: Solar– TAN -2.4%. Solar– KWT -2%. Gold Miners– GDX -1.9%. Steel– SLX -1.8%. Gasoline– UGA -1.7%.
    Sector ETF strength: Broker/Dealers– IAI +0.6%.
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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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