Additionally, we believe that companies that are involved in the consumption of gasoline (such as trucking companies, airlines, charter bus companies, etc.) can likely effectively use UGA as a hedging tool against possible price rises in gasoline.
From a technical standpoint, UGA is at a congestion point as its 50 and 200 day moving averages are converging (with a 50-day moving average of $48.87 and a 200-day moving average of $48.77, while the fund closed at $48.59), so we will monitor short term activity in the fund closely for a sense of the near term immediate direction in gasoline prices and the fund itself.
U.S. Gasoline Fund
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