United States Gasoline Fund, LP (UGA) Dividend History

Company News

• Biden Plans To Release 1 Million Barrels Of Gasoline To Curb Northeast Prices: 'Because He's Unable To Drill Properly,' Trump Says

  U.S. Energy Secretary Jennifer Granholm announced Tuesday that the Biden administration has ordered the release of approximately 1 million barrels of gasoline from the nation’s reserves to lower pump prices in the Northeastern United States. The release will occur in 100,000-barrel increments, aimed at easing fuel costs between Memorial Day and July 4. The gasoline is expected to reach local retailers ahead of the Fourth of July holiday, providing relief to consumers at a critical time. "The Biden-Harris Administration is laser focused on lowering prices at the pump for American families, especially as drivers hit the road for summer driving season," the Department of Energy wrote in a statement. Why It Matters: Gasoline prices typically rise during the summer months due to increased demand as Americans travel more for vacations and other activities. This seasonal surge is a result of higher consumption rates, which naturally drives up prices. Warm weather and school holidays encourage road trips, causing a noticeable uptick in fuel usage across the country. Notably, gasoline prices are a ...Full story available on Benzinga.com

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• 4 Reasons Why Oil & Energy ETFs Can Continue to Soar

  Oil prices surged recently to their highest levels since October as investors closely monitored escalating geopolitical tensions in key regions. The improved demand outlook is another reason for which oil prices can go higher.

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• 5 Commodity ETFs Riding High in 2024

  The Bloomberg Commodity Index, a widely viewed measure of broad commodities prices, rose to its highest level since November driven by higher prices for oil, gold, and cocoa.

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• Boost Profits With Gasoline ETF Ahead of Summer Driving Season

  Gas prices have started to climb up ahead of the summer driving season. Investors could easily take advantage of surging gas prices by focusing on the pure-play United States Gasoline ETF (UGA).

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• Gas Prices Set For Summer Spike: West Coast Consumers Already Paying More Than $4 A Gallon

  Gas prices at the pump are on the rise and could lead to a higher national average next month, exacerbating inflation concerns and lowering the prospect of interest rate cuts during the first half of 2024. According to the American Automobile Association’s Gas Prices Monitor, the national average price of a gallon of regular gas hit $3.49 on Tuesday. Some states, particularly the higher taxed regions on the West Coast are already paying upwards of $4 a gallon, with California’s average hitting $4.92, Hawaii at $4.70, Washington at $4.33 and Nevada $4.22. Those paying the lowest are the states closest to domestic refining facilities around the Mexican Gulf and up through the Midwest. Wholesale Price Leaps As Ukraine Strikes Russia Refineries Much of the recent moves higher at the pump are due to higher wholesale gasoline prices on commodity exchanges. On Tuesday, RBOB Gasoline futures were down a shade after hitting their highest levels since August on Monday. The United States Gasoline Fund (NYSE:UGA) an exchange traded fund that tracks the price of wholesale gas futures, gained 1.7% to $71.58 on Monday, hitting its highest level since September. Also Read: Saudi Aramco CEO Amin Nasser Says ‘Abandon The Fantasy Of Phasing ...Full story available on Benzinga.com

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