UGA ETF

All-time football great helps kickoff the Aflac Kickoff Game festivities  by creating bright smiles for special kids ATLANTA , Aug. 27, 2024 /PRNewswire/ -- Pro Football and College Football Hall of Fame defensive back Champ Bailey (2019) today stopped by the Aflac Cancer and Blood Disorders Center of Children's Healthcare of Atlanta. The former University of Georgia star helped kickoff for a cause before the upcoming Aflac Kickoff Game at noon this Saturday at Mercedes-Benz Stadium in Atlanta where the Bulldogs will face the Tigers from Clemson.

Gasoline prices face volatility as the 2024 U.S. election approaches, with the United States Gasoline Fund, LP ETF offering a valuable trading tool. Seasonality and the weak Chinese economy may lead to lower gasoline prices, while OPEC+ control and Middle East tensions could spike prices. The UGA ETF tracks gasoline futures prices, showing potential for rallies and declines based on various factors impacting the oil market.

Gasoline demand remains strong despite the push for clean energy. United States Gasoline Fund, LP ETF, provides access to gasoline performance through futures contracts. UGA offers direct exposure to the gasoline market, a potential hedge against inflation, but subject to high volatility and the potential impact of electric vehicle adoption.

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).

Gasoline prices could soar in the coming months due to factors such as the price action in crude oil, turmoil in the Middle East, the U.S. election, and the low level of the U.S. Strategic Petroleum Reserve. Gasoline and oil prices are in marginally bullish trends, with both crude oil and gasoline futures showing rounding bottoms since late 2023. The U.S. election, seasonality, and geopolitical factors also are supporting higher crude oil and gasoline prices.

Gasoline prices have declined and are expected to fall further due to seasonality and low demand during the winter months. Factors such as COP28, ongoing wars, and U.S. energy policy support the possibility of higher gasoline prices in 2024. The United States Gasoline Fund could be a good investment opportunity, with potential for price appreciation during the 2024 driving season.

Gasoline prices have rallied throughout 2023, approaching $3 per gallon wholesale. The gasoline crack spread, a measure of refining costs, has been trending higher, indicating robust refinery profits and bullish demand for crude oil and gasoline. Geopolitical factors, such as economic growth in China and India and OPEC's control over oil prices, could support gasoline prices despite seasonal weakness.