United States Gasoline Fund LP (UGA)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
United States Gasoline Fund LP (UGA) trades at $106.50 with AI Score 43/100 (Grade C). United States Gasoline Fund LP (UGA) is an exchange-traded fund that invests primarily in gasoline futures contracts. Market cap: $124.16M, Sector: Financial services.
Price live · AI analysis from Mar 17, 2026Analyst Coverage for UGA: UGA does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates UGA against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
UGA: the 1 perspectives are evenly split.
How is this calculated? →United States Gasoline Fund LP (UGA) Financial Services Profile
United States Gasoline Fund LP (UGA) provides investors exposure to gasoline futures contracts, tracking the daily percentage changes in the spot price of gasoline. As a specialized commodity fund, UGA caters to investors seeking to capitalize on short-term gasoline price fluctuations within the broader energy market, offering a liquid and accessible investment vehicle.
What Is the Investment Thesis for UGA?
UGA's investment thesis centers on its ability to provide direct exposure to gasoline price movements through futures contracts. With a market capitalization of $124.16M and a beta of 0.90, UGA offers a moderately volatile investment vehicle for those seeking to capitalize on short-term gasoline price fluctuations. Key value drivers include geopolitical events, supply disruptions, and seasonal demand patterns that influence gasoline prices. Upcoming catalysts include potential supply chain disruptions due to geopolitical instability, which could drive up gasoline prices. Potential risks include contango in the futures market, which can erode returns as contracts are rolled, and regulatory changes that could impact the trading of gasoline futures. Investors should carefully consider these factors before investing in UGA.
Based on FMP financials and quantitative analysis
UGA Key Highlights
- UGA's investment strategy focuses on gasoline futures contracts traded on the New York Mercantile Exchange (NYMEX).
- The fund aims to mirror the daily percentage changes in the spot price of gasoline, providing a tool for speculation or hedging.
- UGA's market capitalization is $0.10 billion, indicating its size and liquidity within the commodity ETF market.
- The fund's beta of 0.90 suggests moderate volatility compared to the broader market.
- UGA does not pay a dividend, as its primary objective is to track gasoline price movements rather than generate income.
Who Are UGA's Competitors?
UGA is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ELD WisdomTree Emerging Markets Local Debt Fund | $28.82 | +0.10% | $73.77M | 44 |
| JGRW Jensen Quality Growth ETF | $27.41 | +0.27% | $74.16M | 46 |
| LLYX Daily Target 2X Long LLY ETF | $28.09 | -0.44% | $133.79M | 46 |
| MARW AllianzIM U.S. Equity Buffer20 Mar ETF | $36.20 | +0.36% | $86.79M | 47 |
| MAYW AllianzIM U.S. Equity Buffer20 May ETF | $34.92 | +0.40% | $70.25M | 50 |
| NXDT NexPoint Diversified Real Estate Trust | $5.53 | +3.08% | $285.77M | 73 |
| GENB Generate Biomedicines, Inc. | $17.03 | -2.18% | $2.18B | 72 |
| SII Sprott Inc. | $118.11 | +2.72% | $3.05B | 71 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are UGA's Key Strengths?
- Direct exposure to gasoline price movements.
- Liquidity and accessibility for investors.
- Established track record of tracking gasoline prices.
- Versatile tool for speculation or hedging.
What Are UGA's Weaknesses?
- Exposure to contango in the futures market.
- Potential tracking differences due to contract rolling.
- Volatility in gasoline prices can lead to losses.
- Limited diversification compared to broader commodity ETFs.
What Could Drive UGA Stock Higher?
- Geopolitical instability leading to supply chain disruptions and higher gasoline prices.
- Seasonal demand increases during the summer driving season.
- Inflationary pressures driving up commodity prices, including gasoline.
What Are the Key Risks for UGA?
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Contango in the futures market eroding returns.
- Regulatory changes impacting gasoline futures trading.
- Economic downturns reducing gasoline demand.
- Volatility in gasoline prices leading to potential losses.
What Are the Growth Opportunities for UGA?
- Increased Volatility in Gasoline Prices: Geopolitical instability and supply chain disruptions can lead to increased volatility in gasoline prices, creating opportunities for UGA to generate returns. The market for gasoline futures is highly sensitive to these events, and UGA's ability to track these price movements can attract investors seeking to capitalize on short-term fluctuations. The timeline for this growth opportunity is ongoing, as geopolitical risks and supply chain vulnerabilities persist.
- Seasonal Demand Patterns: Gasoline demand typically increases during the summer driving season, leading to higher prices. UGA can benefit from this seasonal trend by attracting investors who anticipate this increase in demand. The market for gasoline futures reflects these seasonal patterns, and UGA's investment strategy is designed to capture these price movements. The timeline for this growth opportunity is annual, coinciding with the summer driving season.
- Expansion of ETF Market: The overall ETF market is experiencing significant growth, driven by increased investor adoption and product innovation. UGA can benefit from this trend by attracting new investors who are seeking exposure to gasoline prices through a liquid and accessible investment vehicle. The market for ETFs is expected to continue growing in the coming years, providing opportunities for UGA to expand its investor base. The timeline for this growth opportunity is long-term, as the ETF market continues to evolve.
- Development of New Trading Strategies: UGA can be used as a component in various trading strategies, such as hedging against gasoline price increases or speculating on short-term price movements. The development of new trading strategies that incorporate UGA can attract institutional investors and sophisticated traders. The market for trading strategies is constantly evolving, and UGA's versatility can make it a valuable tool for these strategies. The timeline for this growth opportunity is ongoing, as new trading strategies are continuously developed.
- Increased Investor Awareness of Commodity ETFs: As investors become more aware of the benefits of commodity ETFs, such as diversification and inflation hedging, UGA can attract a wider range of investors. Increased investor awareness can lead to higher trading volumes and greater liquidity for UGA. The market for commodity ETFs is still relatively small compared to other asset classes, but it is growing rapidly. The timeline for this growth opportunity is long-term, as investor awareness continues to increase.
What Opportunities Does UGA Have?
- Increased volatility in gasoline prices.
- Seasonal demand patterns during the summer driving season.
- Expansion of the ETF market.
- Development of new trading strategies.
What Threats Does UGA Face?
- Regulatory changes impacting gasoline futures trading.
- Competition from other commodity ETFs.
- Economic downturns reducing gasoline demand.
- Geopolitical events disrupting gasoline supply.
What Are UGA's Competitive Advantages?
- First-mover advantage in offering a pure-play gasoline ETF.
- Liquidity and accessibility for investors seeking exposure to gasoline prices.
- Established track record of tracking gasoline price movements.
What Does UGA Do?
United States Gasoline Fund LP (UGA) is a specialty exchange-traded fund (ETF) designed to provide investors with direct exposure to the price of gasoline. Unlike traditional energy companies that explore, produce, or refine gasoline, UGA focuses solely on tracking the daily price movements of gasoline futures contracts. The fund's primary objective is to mirror the daily percentage changes in the spot price of gasoline, offering investors a tool for speculation or hedging against gasoline price volatility. UGA invests primarily in near-month gasoline futures contracts traded on the New York Mercantile Exchange (NYMEX). These contracts serve as the benchmark for gasoline pricing and delivery. The fund's strategy involves rolling these contracts as they approach expiration, which can lead to tracking differences due to the contango or backwardation in the futures market. UGA's structure as a limited partnership means that investors are considered limited partners, and the fund's operations are managed by its general partner. UGA does not aim to provide long-term capital appreciation but rather to offer a short-term trading instrument for those seeking to profit from or hedge against fluctuations in gasoline prices.
What Products and Services Does UGA Offer?
- Invests in gasoline futures contracts traded on the New York Mercantile Exchange (NYMEX).
- Tracks the daily percentage changes in the spot price of gasoline.
- Offers investors a tool for speculation or hedging against gasoline price volatility.
- Rolls near-month futures contracts as they approach expiration.
- Provides a liquid and accessible investment vehicle for exposure to gasoline prices.
- Operates as a limited partnership managed by its general partner.
How Does UGA Make Money?
- Generates returns by tracking the daily percentage changes in the spot price of gasoline.
- Profits from price movements in gasoline futures contracts.
- Manages the fund's assets to mirror the performance of gasoline prices.
What Industry Does UGA Operate In?
UGA operates within the asset management industry, specifically focusing on commodity ETFs. The market for commodity ETFs has grown significantly in recent years, driven by increased investor interest in alternative assets and hedging strategies. The competitive landscape includes other commodity ETFs that track various energy products, such as crude oil and natural gas. UGA differentiates itself by focusing solely on gasoline, offering a more targeted exposure to this specific energy commodity. The asset management industry is subject to regulatory oversight and market volatility, which can impact the performance of commodity ETFs like UGA.
Who Are UGA's Key Customers?
- Individual investors seeking exposure to gasoline prices.
- Institutional investors using UGA for hedging purposes.
- Traders speculating on short-term gasoline price movements.
UGA Valuation & Market Position
Relative to its peer group, UGA's quantitative score of 43/100 is roughly in line with the peer average of 47/100.
F-Score 3/9Financial Health
United States Gasoline Fund LP's Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny.
UGA Financials
Bull Case vs Bear Case
Bull Case
- Direct exposure to gasoline price movements.
- Liquidity and accessibility for investors.
- Established track record of tracking gasoline prices.
- Versatile tool for speculation or hedging.
Bear Case
- Exposure to contango in the futures market.
- Potential tracking differences due to contract rolling.
- Volatility in gasoline prices can lead to losses.
- Limited diversification compared to broader commodity ETFs.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
UGA Latest News
No recent news available for UGA.
UGA Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for UGA.
Price Targets
Wall Street price target analysis for UGA.
UGA MoonshotScore
What does this score mean?
The MoonshotScore rates UGA's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest United States Gasoline Fund LP Analysis
United States Gasoline Fund LP Financial Services Stock: Key Questions Answered
What does United States Gasoline Fund LP do?
United States Gasoline Fund LP (UGA) is an exchange-traded fund designed to track the daily percentage changes in the spot price of gasoline. It achieves this by investing primarily in gasoline futures contracts traded on the New York Mercantile Exchange (NYMEX). UGA offers investors a way to gain exposure to gasoline price movements without directly purchasing or storing physical gasoline. The fund is structured as a limited partnership and is managed by its general partner. UGA caters to investors seeking short-term trading opportunities or hedging strategies related to gasoline prices.
What are the main risks for UGA?
The primary risk for UGA is its exposure to the volatility of gasoline prices, which can be influenced by a wide range of factors, including geopolitical events, supply disruptions, and economic conditions. Contango in the futures market is another significant risk, as it can lead to losses when rolling contracts. Regulatory changes impacting gasoline futures trading could also negatively affect UGA's performance. Additionally, economic downturns that reduce gasoline demand could put downward pressure on prices. Investors should carefully consider these risks before investing in UGA.
What are the key factors to evaluate for UGA?
United States Gasoline Fund LP (UGA) holds an AI score of 43/100 (low). Not financial advice.
How frequently does UGA data refresh on this page?
UGA prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven UGA's recent stock price performance?
United States Gasoline Fund LP (UGA) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Direct exposure to gasoline price movements. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider UGA overvalued or undervalued right now?
Valuing United States Gasoline Fund LP (UGA) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying UGA?
Before investing in United States Gasoline Fund LP (UGA), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding UGA to a portfolio?
Key strength of United States Gasoline Fund LP (UGA): Direct exposure to gasoline price movements. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending, which may provide additional insights.
- Gasoline prices are subject to significant volatility.
- Contango in the futures market can erode returns.