UGA - UGA: The Case For Gasoline Prices Over The Coming Months

2024-07-11 12:58:49 ET

Summary

• Gasoline demand increases during the summer due to increased mileage from drivers.
• Gasoline prices have been trending higher since early June, with a bullish trend in 2024.
• The November U.S. election will determine U.S. energy policy, impacting crude oil and gasoline prices for the coming years.
• United States Gasoline Fund, LP ETF is an ETF that tracks NYMEX gasoline futures prices.

While the U.S. and Europe continue to address climate change, supporting alternative and renewable fuels and inhibiting traditional hydrocarbons, crude oil is the energy commodity powering the world. Gasoline is the most ubiquitous oil product, powering vehicles in the United States, Europe, and worldwide....

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