United States Gasoline Fund Issues Monthly Account Statement for November 2024

United States Gasoline Fund, LP recently released its monthly account statement for the month ended November 30, 2024, as per the requirements outlined by Rule 4.22 under the Commodity Exchange Act. The report includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value.

The monthly account statement details various aspects of the fund’s financial performance during the period. Notable figures include a realized trading loss of $3,341,445 on commodity futures, offset by an unrealized gain of $631,478 on the market value of commodity futures. Additionally, dividend income of $135,189, interest income of $241,685, and ETF transaction fees of $1,400 were recorded, resulting in a total income loss of $2,331,693.

On the expense side, the fund incurred general partner management fees of $50,525, professional fees of $35,045, brokerage commissions of $8,240, directors’ fees and insurance costs of $2,147, and license fees amounting to $1,263. Total expenses summed up to $97,220, leading to a net income loss of $2,428,913 for the period.

The Statement of Changes in Net Asset Value highlights the fund’s financial position, showing a net asset value of $98,401,480 at the end of November 2024. This reflects an increase from the beginning of the month when the net asset value stood at $97,500,745. The net asset value per share, calculated based on 1,650,000 shares, was reported at $59.64.

The information contained in the monthly account statement was confirmed to be accurate and complete by Stuart P. Crumbaugh, the Chief Financial Officer of United States Commodity Funds LLC, the general partner of United States Gasoline Fund, LP.

Investors and stakeholders can access the complete monthly account statement on the fund’s website at www.uscfinvestments.com. The disclosure in the Form 8-K filing provided by the Registrant and the attached exhibit 99.1 are not filed items under the Securities Exchange Act of 1934 or incorporated by reference in any Securities Act filings unless specifically noted.

Aimed to fulfill regulatory requirements and provide transparency, these financial statements offer insights into United States Gasoline Fund’s recent financial performance and net asset value for November 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read United States Gasoline Fund’s 8K filing here.

United States Gasoline Fund Company Profile

United States Gasoline Fund, LP (UGA) is a commodity pool that issues limited partnership interests (shares). The Company is engaged in the trading of futures contracts, options on futures contracts and cleared swaps (derivatives). The investment objective of UGA is for the daily changes in percentage terms of its shares’ per share net asset value to reflect the daily changes in percentage terms of the spot price of gasoline, as measured by the daily changes in the price of the futures contract for gasoline traded on the New York Mercantile Exchange (the NYMEX), that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case the futures contract will be the next month contract to expire, less UGA’s expenses.