$UGA
United States Gasoline Fund, LP

2024 Q4 Form 10-Q Financial Statement

#000141057824001826 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue -$13.45M
YoY Change -344.99%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $285.0K
YoY Change 26.52%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$13.74M
YoY Change -360.88%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 1.600M 1.550M
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $74.65M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $96.70M
YoY Change 24.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $169.3K
YoY Change -32.87%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity
YoY Change
Total Liabilities & Shareholders Equity $96.70M
YoY Change 24.1%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$13.74M
YoY Change -360.88%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q4 us-gaap Other Liability Related Party Type Extensible Enumeration
OtherLiabilityRelatedPartyTypeExtensibleEnumeration
http://fasb.org/us-gaap/2024#GeneralPartnerMember
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001396878
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q3 us-gaap Other Liability Related Party Type Extensible Enumeration
OtherLiabilityRelatedPartyTypeExtensibleEnumeration
http://fasb.org/us-gaap/2024#GeneralPartnerMember
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-33975
dei Entity Registrant Name
EntityRegistrantName
United States Gasoline Fund, LP
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
20-8837263
dei Entity Address Address Line1
EntityAddressAddressLine1
1850 Mt. Diablo Boulevard, Suite 640
dei Entity Address City Or Town
EntityAddressCityOrTown
Walnut Creek
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
94596
dei City Area Code
CityAreaCode
510
dei Local Phone Number
LocalPhoneNumber
522-9600
dei Security12b Title
Security12bTitle
Shares of United States Gasoline Fund, LP
dei Trading Symbol
TradingSymbol
UGA
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
1600000
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74650255
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45845199
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74650255
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45845199
CY2024Q3 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
21985460
CY2023Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
40626444
CY2024Q3 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
21985460
CY2023Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
40626444
CY2024Q3 uga Unrealized Gain Loss On Open Commodity Futures Contracts Current And Noncurrent
UnrealizedGainLossOnOpenCommodityFuturesContractsCurrentAndNoncurrent
-319053
CY2023Q4 uga Unrealized Gain Loss On Open Commodity Futures Contracts Current And Noncurrent
UnrealizedGainLossOnOpenCommodityFuturesContractsCurrentAndNoncurrent
-1664279
CY2024Q3 us-gaap Dividends Receivable
DividendsReceivable
146997
CY2023Q4 us-gaap Dividends Receivable
DividendsReceivable
158330
CY2024Q3 us-gaap Interest Receivable
InterestReceivable
235180
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
196367
CY2024Q3 us-gaap Prepaid Insurance
PrepaidInsurance
5822
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
4133
CY2024Q3 us-gaap Assets
Assets
96704661
CY2023Q4 us-gaap Assets
Assets
85166194
CY2024Q3 us-gaap Management Fee Payable
ManagementFeePayable
46513
CY2023Q4 us-gaap Management Fee Payable
ManagementFeePayable
42835
CY2024Q3 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
86882
CY2023Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
201750
CY2024Q3 us-gaap Commissions Payable To Broker Dealers And Clearing Organizations
CommissionsPayableToBrokerDealersAndClearingOrganizations
21403
CY2023Q4 us-gaap Commissions Payable To Broker Dealers And Clearing Organizations
CommissionsPayableToBrokerDealersAndClearingOrganizations
21403
CY2024Q3 uga Directors Fees Payable
DirectorsFeesPayable
2793
CY2023Q4 uga Directors Fees Payable
DirectorsFeesPayable
1711
CY2024Q3 uga License Fees Payable Current And Noncurrent
LicenseFeesPayableCurrentAndNoncurrent
11675
CY2023Q4 uga License Fees Payable Current And Noncurrent
LicenseFeesPayableCurrentAndNoncurrent
426
CY2024Q3 us-gaap Liabilities
Liabilities
169266
CY2023Q4 us-gaap Liabilities
Liabilities
268125
CY2024Q3 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
96535395
CY2023Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
84898069
CY2024Q3 us-gaap Partners Capital
PartnersCapital
96535395
CY2023Q4 us-gaap Partners Capital
PartnersCapital
84898069
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
96704661
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
85166194
CY2024Q3 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
1650000
CY2023Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
1400000
CY2024Q3 uga Net Asset Value Per Unit
NetAssetValuePerUnit
58.51
CY2023Q4 uga Net Asset Value Per Unit
NetAssetValuePerUnit
60.64
CY2024Q3 uga Market Value Per Unit
MarketValuePerUnit
58.43
CY2023Q4 uga Market Value Per Unit
MarketValuePerUnit
60.70
CY2024Q3 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
21985460
CY2023Q4 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
40626444
CY2024Q3 uga Realized Gain Loss On Closed Commodity Futures Contracts
RealizedGainLossOnClosedCommodityFuturesContracts
-9640554
CY2023Q3 uga Realized Gain Loss On Closed Commodity Futures Contracts
RealizedGainLossOnClosedCommodityFuturesContracts
11205436
uga Realized Gain Loss On Closed Commodity Futures Contracts
RealizedGainLossOnClosedCommodityFuturesContracts
-6007659
uga Realized Gain Loss On Closed Commodity Futures Contracts
RealizedGainLossOnClosedCommodityFuturesContracts
26618298
CY2024Q3 uga Unrealized Gain Loss On Open Commodity Futures Contracts
UnrealizedGainLossOnOpenCommodityFuturesContracts
-5074755
CY2023Q3 uga Unrealized Gain Loss On Open Commodity Futures Contracts
UnrealizedGainLossOnOpenCommodityFuturesContracts
-6641229
uga Unrealized Gain Loss On Open Commodity Futures Contracts
UnrealizedGainLossOnOpenCommodityFuturesContracts
1345226
uga Unrealized Gain Loss On Open Commodity Futures Contracts
UnrealizedGainLossOnOpenCommodityFuturesContracts
-19435908
CY2024Q3 us-gaap Dividend Income Operating
DividendIncomeOperating
460367
CY2023Q3 us-gaap Dividend Income Operating
DividendIncomeOperating
451572
us-gaap Dividend Income Operating
DividendIncomeOperating
1382944
us-gaap Dividend Income Operating
DividendIncomeOperating
883494
CY2024Q3 us-gaap Interest Income Operating
InterestIncomeOperating
799165
CY2023Q3 us-gaap Interest Income Operating
InterestIncomeOperating
474354
us-gaap Interest Income Operating
InterestIncomeOperating
2421731
us-gaap Interest Income Operating
InterestIncomeOperating
1568883
CY2024Q3 us-gaap Other Income
OtherIncome
1400
CY2023Q3 us-gaap Other Income
OtherIncome
1750
us-gaap Other Income
OtherIncome
9450
us-gaap Other Income
OtherIncome
4550
CY2024Q3 us-gaap Revenues
Revenues
-13454377
CY2023Q3 us-gaap Revenues
Revenues
5491883
us-gaap Revenues
Revenues
-848308
us-gaap Revenues
Revenues
9639317
CY2024Q3 us-gaap Management Fee Expense
ManagementFeeExpense
149619
CY2023Q3 us-gaap Management Fee Expense
ManagementFeeExpense
113394
us-gaap Management Fee Expense
ManagementFeeExpense
449938
us-gaap Management Fee Expense
ManagementFeeExpense
333947
CY2024Q3 us-gaap Professional Fees
ProfessionalFees
106330
CY2023Q3 us-gaap Professional Fees
ProfessionalFees
89588
us-gaap Professional Fees
ProfessionalFees
196757
us-gaap Professional Fees
ProfessionalFees
296600
CY2024Q3 us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
18884
CY2023Q3 us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
12088
us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
55451
us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
41530
CY2024Q3 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
6456
CY2023Q3 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
7383
us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
19802
us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
21326
CY2024Q3 uga License Fees And Other Offering Expenses
LicenseFeesAndOtherOfferingExpenses
3740
CY2023Q3 uga License Fees And Other Offering Expenses
LicenseFeesAndOtherOfferingExpenses
2836
uga License Fees And Other Offering Expenses
LicenseFeesAndOtherOfferingExpenses
11248
uga License Fees And Other Offering Expenses
LicenseFeesAndOtherOfferingExpenses
8349
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
285029
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
225289
us-gaap Operating Expenses
OperatingExpenses
733196
us-gaap Operating Expenses
OperatingExpenses
701752
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-13739406
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
5266594
us-gaap Net Income Loss
NetIncomeLoss
-1581504
us-gaap Net Income Loss
NetIncomeLoss
8937565
CY2024Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-8.98
CY2023Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
4.95
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-2.13
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
7.79
CY2024Q3 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-8.77
CY2023Q3 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
4.92
us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-1.04
us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
7.55
CY2024Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
1566848
CY2023Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
1070652
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
1522080
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
1184066
CY2024Q3 us-gaap Partners Capital Account Units Contributed
PartnersCapitalAccountUnitsContributed
150000
CY2023Q3 us-gaap Partners Capital Account Units Contributed
PartnersCapitalAccountUnitsContributed
150000
us-gaap Partners Capital Account Units Contributed
PartnersCapitalAccountUnitsContributed
1200000
us-gaap Partners Capital Account Units Contributed
PartnersCapitalAccountUnitsContributed
250000
CY2024Q3 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
50000
CY2023Q3 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
100000
us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
950000
us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
550000
us-gaap Net Income Loss
NetIncomeLoss
-1581504
us-gaap Net Income Loss
NetIncomeLoss
8937565
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
1345226
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-19435908
us-gaap Increase Decrease In Dividends Receivable
IncreaseDecreaseInDividendsReceivable
-11333
us-gaap Increase Decrease In Dividends Receivable
IncreaseDecreaseInDividendsReceivable
55984
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
38813
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
16321
uga Increase Decrease In Prepaid License Fees
IncreaseDecreaseInPrepaidLicenseFees
728
uga Increase Or Decrease In Prepaid Insurance
IncreaseOrDecreaseInPrepaidInsurance
1689
uga Increase Or Decrease In Prepaid Insurance
IncreaseOrDecreaseInPrepaidInsurance
5769
uga Increase Decrease In Payables Due To Customers
IncreaseDecreaseInPayablesDueToCustomers
-196909
uga Increase Decrease Management Fees Payable
IncreaseDecreaseManagementFeesPayable
3678
uga Increase Decrease Management Fees Payable
IncreaseDecreaseManagementFeesPayable
-3483
uga Increase Decrease In Professional Fees Payable
IncreaseDecreaseInProfessionalFeesPayable
-114868
uga Increase Decrease In Professional Fees Payable
IncreaseDecreaseInProfessionalFeesPayable
40292
us-gaap Increase Decrease In Payables To Broker Dealers
IncreaseDecreaseInPayablesToBrokerDealers
3027
uga Increase Decrease In Directors Fees Payable
IncreaseDecreaseInDirectorsFeesPayable
1082
uga Increase Decrease In Directors Fees Payable
IncreaseDecreaseInDirectorsFeesPayable
-276
uga Increase Decrease In License Fees Payable
IncreaseDecreaseInLicenseFeesPayable
11249
uga Increase Decrease In License Fees Payable
IncreaseDecreaseInLicenseFeesPayable
0
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3054758
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
28137322
us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
77492068
us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
17104260
uga Payments To Partnership Redemption
PaymentsToPartnershipRedemption
64273238
uga Payments To Partnership Redemption
PaymentsToPartnershipRedemption
35003914
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13218830
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17899654
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
10164072
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
10237668
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86471643
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
75181773
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96635715
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
85419441
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74650255
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
40143127
CY2024Q3 uga Cash And Cash Equivalents In Trading Accounts
CashAndCashEquivalentsInTradingAccounts
21985460
CY2023Q3 uga Cash And Cash Equivalents In Trading Accounts
CashAndCashEquivalentsInTradingAccounts
45276314
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96635715
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
85419441
uga Investment Objective Successive Valuation Days
InvestmentObjectiveSuccessiveValuationDays
30
uga Investment Objective Threshold Adjustment On Average Daily Percentage Change In Price
InvestmentObjectiveThresholdAdjustmentOnAverageDailyPercentageChangeInPrice
0.10
uga Investment Objective Successive Valuation Days
InvestmentObjectiveSuccessiveValuationDays
30
uga Investment Objective Threshold Adjustment On Average Daily Percentage Change In Price
InvestmentObjectiveThresholdAdjustmentOnAverageDailyPercentageChangeInPrice
0.10
CY2024Q3 uga Fee Paid Per Order
FeePaidPerOrder
350
CY2007Q4 uga Number Of Units Registered In Period
NumberOfUnitsRegisteredInPeriod
30000000
CY2008Q4 uga Net Asset Value Per Unit
NetAssetValuePerUnit
50.00
CY2008Q4 uga Units Issued During Period Units New Issues
UnitsIssuedDuringPeriodUnitsNewIssues
300000
CY2008Q4 uga Units Issued During Period Value New Issues
UnitsIssuedDuringPeriodValueNewIssues
15000000
CY2024Q3 uga Interest Expense Or Penalties
InterestExpenseOrPenalties
0
CY2024Q3 uga Fee Paid Per Order
FeePaidPerOrder
350
us-gaap Incentive Distribution Policy Managing Member Or General Partner Description
IncentiveDistributionPolicyManagingMemberOrGeneralPartnerDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">Partnership Capital and Allocation of Partnership Income and Losses</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Profit or loss shall be allocated among the partners of UGA in proportion to the weighted-average number of shares each partner holds as of the close of each month. USCF may revise, alter or otherwise modify this method of allocation as described in the LP Agreement.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The preparation of condensed financial statements in conformity with U.S. GAAP requires USCF to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed financial statements, and the reported amounts of the revenue and expenses during the reporting period. Actual results may differ from those estimates and assumptions.</p>
us-gaap Management Fee Description
ManagementFeeDescription
UGA is contractually obligated to pay USCF a fee, which is paid monthly, equal to 0.60% per annum of average daily total net assets.
uga Fee Percentage Per Annum Of Average Daily Total Net Assets
FeePercentagePerAnnumOfAverageDailyTotalNetAssets
0.0060
uga License Fees And Other Offering Expenses
LicenseFeesAndOtherOfferingExpenses
11248
uga License Fees And Other Offering Expenses
LicenseFeesAndOtherOfferingExpenses
8349
us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
55451
us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
41530
CY2024Q3 uga Percentage Of Average Daily Net Assets
PercentageOfAverageDailyNetAssets
0.0007
CY2023Q3 uga Percentage Of Average Daily Net Assets
PercentageOfAverageDailyNetAssets
0.0007
CY2024Q3 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
35500000
CY2023Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
35500000
CY2024Q3 us-gaap Deposits
Deposits
61135715
CY2023Q4 us-gaap Deposits
Deposits
50971643
CY2024Q2 uga Net Asset Value Per Unit
NetAssetValuePerUnit
67.49
CY2023Q2 uga Net Asset Value Per Unit
NetAssetValuePerUnit
62.59
CY2023Q4 uga Net Asset Value Per Unit
NetAssetValuePerUnit
60.64
CY2022Q4 uga Net Asset Value Per Unit
NetAssetValuePerUnit
59.75
CY2024Q3 uga Total Income Loss Per Unit
TotalIncomeLossPerUnit
-8.80
CY2023Q3 uga Total Income Loss Per Unit
TotalIncomeLossPerUnit
5.16
uga Total Income Loss Per Unit
TotalIncomeLossPerUnit
-1.65
uga Total Income Loss Per Unit
TotalIncomeLossPerUnit
8.38
CY2024Q3 uga Total Expenses Per Unit
TotalExpensesPerUnit
-0.18
CY2023Q3 uga Total Expenses Per Unit
TotalExpensesPerUnit
-0.21
uga Total Expenses Per Unit
TotalExpensesPerUnit
-0.48
uga Total Expenses Per Unit
TotalExpensesPerUnit
-0.59
CY2024Q3 uga Increase Decrease In Net Asset Value Per Unit
IncreaseDecreaseInNetAssetValuePerUnit
-8.98
CY2023Q3 uga Increase Decrease In Net Asset Value Per Unit
IncreaseDecreaseInNetAssetValuePerUnit
4.95
uga Increase Decrease In Net Asset Value Per Unit
IncreaseDecreaseInNetAssetValuePerUnit
-2.13
uga Increase Decrease In Net Asset Value Per Unit
IncreaseDecreaseInNetAssetValuePerUnit
7.79
CY2024Q3 uga Net Asset Value Per Unit
NetAssetValuePerUnit
58.51
CY2023Q3 uga Net Asset Value Per Unit
NetAssetValuePerUnit
67.54
CY2024Q3 uga Net Asset Value Per Unit
NetAssetValuePerUnit
58.51
CY2023Q3 uga Net Asset Value Per Unit
NetAssetValuePerUnit
67.54
CY2024Q3 uga Rate Of Return On Average Asset
RateOfReturnOnAverageAsset
-0.1331
CY2023Q3 uga Rate Of Return On Average Asset
RateOfReturnOnAverageAsset
0.0791
uga Rate Of Return On Average Asset
RateOfReturnOnAverageAsset
-0.0351
uga Rate Of Return On Average Asset
RateOfReturnOnAverageAsset
0.1304
CY2024Q3 uga Percentage Of Total Revenue
PercentageOfTotalRevenue
-0.1356
CY2023Q3 uga Percentage Of Total Revenue
PercentageOfTotalRevenue
0.0732
uga Percentage Of Total Revenue
PercentageOfTotalRevenue
-0.0085
uga Percentage Of Total Revenue
PercentageOfTotalRevenue
0.1295
CY2024Q3 uga Management Incentive Fee Percentage
ManagementIncentiveFeePercentage
0.0060
CY2023Q3 uga Management Incentive Fee Percentage
ManagementIncentiveFeePercentage
0.0060
uga Management Incentive Fee Percentage
ManagementIncentiveFeePercentage
0.0060
uga Management Incentive Fee Percentage
ManagementIncentiveFeePercentage
0.0060
CY2024Q3 uga Expenses Excluding Management Fee Percentage
ExpensesExcludingManagementFeePercentage
0.0054
CY2023Q3 uga Expenses Excluding Management Fee Percentage
ExpensesExcludingManagementFeePercentage
0.0059
uga Expenses Excluding Management Fee Percentage
ExpensesExcludingManagementFeePercentage
0.0038
uga Expenses Excluding Management Fee Percentage
ExpensesExcludingManagementFeePercentage
0.0066
CY2024Q3 uga Percentage Of Consolidated Net Income Loss
PercentageOfConsolidatedNetIncomeLoss
-0.1385
CY2023Q3 uga Percentage Of Consolidated Net Income Loss
PercentageOfConsolidatedNetIncomeLoss
0.0702
uga Percentage Of Consolidated Net Income Loss
PercentageOfConsolidatedNetIncomeLoss
-0.0158
uga Percentage Of Consolidated Net Income Loss
PercentageOfConsolidatedNetIncomeLoss
0.1201
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 uga Rule10b51 Arr Modified Flag
Rule10b51ArrModifiedFlag
false
CY2024Q2 uga Rule10b51 Arr Modified Flag
Rule10b51ArrModifiedFlag
false
CY2024Q3 uga Rule10b51 Arr Modified Flag
Rule10b51ArrModifiedFlag
false
CY2024Q1 uga Non Rule10b51 Arr Modified Flag
NonRule10b51ArrModifiedFlag
false
CY2024Q2 uga Non Rule10b51 Arr Modified Flag
NonRule10b51ArrModifiedFlag
false
CY2024Q3 uga Non Rule10b51 Arr Modified Flag
NonRule10b51ArrModifiedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001410578-24-001826-index-headers.html Edgar Link pending
0001410578-24-001826-index.html Edgar Link pending
0001410578-24-001826.txt Edgar Link pending
0001410578-24-001826-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
uga-20240930.xsd Edgar Link pending
uga-20240930x10q.htm Edgar Link pending
uga-20240930x10q009.jpg Edgar Link pending
uga-20240930x10q010.jpg Edgar Link pending
uga-20240930x10q011.jpg Edgar Link pending
uga-20240930x10q012.jpg Edgar Link pending
uga-20240930xex31d1.htm Edgar Link pending
uga-20240930xex31d2.htm Edgar Link pending
uga-20240930xex32d1.htm Edgar Link pending
uga-20240930x10q_htm.xml Edgar Link completed
uga-20240930xex32d2.htm Edgar Link pending
uga-20240930_def.xml Edgar Link unprocessable
uga-20240930_cal.xml Edgar Link unprocessable
uga-20240930_lab.xml Edgar Link unprocessable
uga-20240930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable