Gas Prices Stay Calm Over Memorial Day Weekend, But AAA Warns Of Uncertain Future
Portfolio Pulse from Shanthi Rexaline
Gas prices remain calm during Memorial Day weekend, with the nationwide average price of regular gasoline at $3.578 a gallon. However, AAA warns of an uncertain future for gas prices. The United States Gasoline Fund, LP (NYSE:UGA) ended Friday's session 1.46% higher at $61.35 a barrel.
May 29, 2023 | 7:09 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The United States Gasoline Fund, LP (NYSE:UGA) saw a 1.46% increase, ending Friday's session at $61.35 a barrel. Uncertainty in future gas prices may impact UGA's performance.
The article mentions that gas prices remained calm during Memorial Day weekend, but AAA warns of an uncertain future for gas prices. This uncertainty may impact the performance of the United States Gasoline Fund, LP (NYSE:UGA), which saw a 1.46% increase, ending Friday's session at $61.35 a barrel. The potential impact on UGA's performance is relevant and important for investors, but the short-term price direction is neutral due to the uncertainty.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100