Memorial Day weekend has come and gone, marking the start of the U.S. summer driving season. This sets the stage for a second leg-up in the gasoline price rally which began in the third week of April. UGA, the gasoline ETF, is up 56% since MRP’s report titled “The Pieces are falling in Place for a Gasoline Price Rebound”. On a year-to-date basis, UGA is still down 45%, so there’s still a ways to go in the gasoline recovery story.
Related ETF: United States Gasoline Fund ETF (UGA)
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