Presumably, higher oil prices would further benefit UGA, leaving drivers to wonder what could have been for their wallets when crude prices were sliding.
“Taking a technical tack, Katie Stockton of BTIG said gasoline has stayed above key support levels, while crude has continuously broken down to new lows. She said this could be a sign of an approaching relief rally for both gas and oil,” reports CNBC.
However, UGA labors more than 10% below its 200-day moving average.
United States Gasoline Fund
