United States Gasoline Fund, LP filings document the regulatory reporting of a commodity fund whose shares trade on NYSE Arca under UGA. Its Form 8-K reports furnish monthly account statements required under Rule 4.22 of the Commodity Exchange Act, including statements of income or loss and changes in net asset value.
The filing record also covers annual financial statements, commodity-futures trading gains and losses, share registration and listing information, and audited statements of financial condition for United States Commodity Funds LLC, the fund's general partner. These disclosures frame the fund's NAV mechanics, capital structure, governance relationships, and recurring commodity-fund reporting obligations.
United States Gasoline Fund, LP furnished its monthly account statement for the month ended March 31, 2026. The fund reported net income of $44,125,939, driven mainly by a realized trading gain on gasoline futures of $44,855,735 and modest unrealized losses.
Net asset value increased from $105,327,587 at the beginning of March to $149,984,062 at month-end. Net asset value per share was $103.44 based on 1,450,000 shares. During the month, investors added and withdrew 150,000 shares each, with additions of $15,476,963 and withdrawals of $14,946,427.
United States Gasoline Fund, LP registered a continuous offering of its exchange-traded shares under the 1933 Act, with a prospectus dated April 24, 2026. UGA’s objective is to track daily percentage changes in the spot price of gasoline via a specified short‑term Benchmark Futures Contract, plus interest on collateral, less expenses. The prospectus discloses a breakeven illustrative NAV of $72.64 per share as of February 28, 2026, annual management fee of 0.60% and total annual operating expenses of 1.08%. The fund warns of material risks including correlation risk, contango/backwardation effects, position and accountability limits, OTC counterparty credit risk, tax complexity for partners, potential suspension or limitation of creations/redemptions, and that UGA is not regulated as an investment company under the 1940 Act.
United States Gasoline Fund, LP reported a net loss of $3.9 million for the year ended December 31, 2025, compared with net income of $5.6 million in 2024. The loss was driven mainly by negative realized and unrealized results on gasoline futures, partially offset by dividend and interest income.
Total assets declined to $77.5 million from $101.0 million as partners’ capital fell to $77.2 million, reflecting net redemptions and the annual loss. Limited partners’ shares outstanding decreased from 1,600,000 to 1,250,000, while net asset value per share edged down from $62.94 to $61.77, producing a total return of -1.86% for 2025.
The fund continued to pursue its objective of tracking daily percentage changes in the gasoline Benchmark Futures Contract, holding 1,072 NYMEX RBOB gasoline futures contracts at year-end 2025 and investing surplus cash primarily in U.S. government money market funds. The independent auditor issued unqualified opinions on both the financial statements and internal control over financial reporting.
United States Gasoline Fund, LP furnished its monthly account statement for the month ended February 28, 2026. The fund generated net income of $5,084,513, driven by realized trading gains on gasoline futures of $4,131,591 and unrealized gains of $771,359, plus dividend and interest income.
Total income was $5,157,736 against relatively modest expenses of $73,223, primarily management and professional fees. Net asset value rose from $86,241,075 at the beginning of the month to $105,327,587 at month-end, reflecting additions of $17,400,522 and withdrawals of $3,398,523. Net asset value per share was $72.64 based on 1,450,000 shares.
United States Gasoline Fund, LP furnished an 8‑K that includes the audited statements of financial condition of its general partner, United States Commodity Funds LLC, as of December 31, 2025 and 2024. USCF reported total assets of $6.7 million and member’s equity of $5.1 million at year-end 2025, slightly below 2024 levels. Assets are mainly cash, cash equivalents, and investments in money market funds and other equities, with modest lease-related right‑of‑use assets and deferred tax assets. The audit opinion from BPM LLP is unqualified and highlights a critical audit matter on evaluating legal loss contingencies. Extensive notes describe ongoing securities and derivative litigation involving United States Oil Fund, prior SEC and CFTC cease‑and‑desist orders with $2.5 million in civil penalties, and that no additional accruals have been recorded, though adverse outcomes could materially affect USCF’s financial condition. The notes also outline USCF’s management fee arrangements with eight commodity funds, fair value hierarchy for investments, tax and lease accounting, and subsequent dividends of $450,000 and $400,000 paid to its parent in early 2026.
United States Gasoline Fund, LP (UGA) is a Delaware commodity pool whose shares trade on NYSE Arca and seek to match, in percentage terms, daily movements of a gasoline futures benchmark plus interest on collateral, minus expenses.
UGA gains exposure primarily through NYMEX RBOB gasoline futures and related petroleum futures, supported by Treasuries, cash and cash equivalents held for margin and collateral. The fund uses a rules-based rolling strategy and targets its 30-day average NAV change to be within 10% of the benchmark’s 30-day average move.
UGA charges a 0.60% annual management fee on average daily net assets, plus brokerage, exchange and other operating costs, and reported 1,400,000 outstanding shares as of February 23, 2026, with non‑affiliate market value of $72,334,047 as of June 30, 2025.
United States Gasoline Fund, LP released its monthly account statement for the month ended January 31, 2026. The fund generated net income of $9,027,829, driven mainly by realized trading gains on gasoline futures of $3,869,951 and unrealized gains on futures of $4,991,117, plus dividend and interest income.
Net asset value increased from $77,213,246 at the beginning of January to $86,241,075 at month-end. Based on 1,250,000 shares outstanding, net asset value per share was $68.99. Reported expenses for the month totaled $71,797, including management, professional, brokerage, and other fees.
United States Gasoline Fund, LP furnished an update by releasing its monthly account statement for the month ended December 31, 2025. The statement, presented as a Statement of Income (Loss) and a Statement of Changes in Net Asset Value under Commodity Exchange Act rules, is attached as Exhibit 99.1 and available on the fund’s website. The information is being furnished under Regulation FD and is not treated as filed for liability purposes under the Exchange Act.
United States Gasoline Fund, LP furnished an update on its recent performance by providing a monthly account statement for the month ended November 30, 2025. This statement, issued on December 26, 2025, includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value prepared under Commodity Exchange Act Rule 4.22. The account statement is attached as Exhibit 99.1 and is also available on the fund’s website.
The information in this report, including Exhibit 99.1, is being furnished under Regulation FD and is not deemed “filed” for liability purposes under the Securities Exchange Act or incorporated into other securities law filings unless specifically referenced.
United States Gasoline Fund, LP reported that it has released its monthly account statement for the month ended October 31, 2025. The statement, provided under Commodity Exchange Act Rule 4.22, includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, giving investors a detailed view of the fund’s performance and how its net asset value changed during the month.
The account statement is available as Exhibit 99.1 to this report and can also be accessed on the sponsor’s website at www.uscfinvestments.com. The information in this report, including Exhibit 99.1, is being furnished rather than filed under securities laws, which limits its use for certain legal liability and incorporation-by-reference purposes.