CommoditiesMedium•28 September 2026•
1 min read
U.S. Gasoline Fund (UGA) Hits All-Time High in September 2026 Despite Lower Futures
Key Facts
1The U.S. Gasoline Fund (UGA) reached an all-time high in September 2026 despite gasoline futures trading below their 2022 record highs.
2Escalating Middle East conflict and supply uncertainty are driving gasoline prices higher, bucking traditional bearish seasonal trends.
The U.S. Gasoline Fund (UGA) reached an all-time high in September 2026. Seeking Alpha reported that this record peak occurred even as gasoline futures continued to trade below the historic highs established in 2022.
Escalating conflict in the Middle East and supply uncertainty are driving gasoline prices higher, bucking traditional bearish seasonal trends. According to Seeking Alpha, geopolitical risk premiums are currently overriding the fundamental seasonal decline in demand and pricing.