Fund Description: United States Gasoline Fund LP (UGA) is a Delaware limited partnership commodity pool that issues units that may be purchased and sold on the NYSE Arca. UGA is a domestic exchange traded security designed to track in percentage terms the movements of gasoline prices. <p> INVESTMENT OBJECTIVE: The United States Gasoline Fund LP seeks changes in percentage terms of the unit's net asset value to reflect the changes in percentage terms of the price of gasoline, as measured by the changes in the price of the futures contract on unleaded gasoline delivered to the New York harbor traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less UGA's expenses. <p> FUND STRATEGY: UGA seeks to achieve its investment objective by investing in a mix of Futures Contracts and Other Gasoline-Related Investments such that changes in UGA’s NAV will closely track the changes in the price of a specified Futures Contract which historidally has exhibited a close correlation with the spot price of gasoline. A neutral investment strategy is used which is intended to track the changes in the price of the Benchmark Futures Contract regardless of whether the price goes up or goes down. This strategy is designed to permit investors generally to purchase and sell UGA’s units for the purpose of investing indirectly in gasoline in a cost-effective manner, and/or to permit participants in the gasoline or other industries to hedge the risk of losses in their gasoline-related transactions. <p> FUND MANAGEMENT: The General Partner, United States Commodity Funds LLC, has sole current authority to manage the investments and operations of the Fund.