Prices for summer driving season lowest in four years despite Middle East turmoil
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Current Gas Prices: U.S. gas prices are averaging $3.19 per gallon this summer, which is $0.31 lower than last year, with analysts predicting that ample supply will keep prices stable despite geopolitical tensions in the Middle East.
Travel Predictions: AAA forecasts record travel for the Fourth of July holiday, estimating 72.2 million Americans will travel domestically, with nearly 62 million traveling by car, reflecting a 2.2% increase from 2024.
Analyst Views on UGA
Wall Street analysts forecast UGA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UGA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 65.285
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Current: 65.285
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
