---
schema_version: "secwatch.filing_event.v1"
accession: "0001171200-24-000074"
form_type: "8-K"
ticker: "UGA"
cik: "0001396878"
company_name: "United States Gasoline Fund, LP"
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T09:43:52.956549+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# USCF (GP of UGA) 2023 audited: assets down 34%, equity down 40%

## Summary
- Total assets decreased to $8.69M from $13.26M as of Dec 31, 2022, a decline of 34%.
- Cash and cash equivalents fell to $2.63M from $8.23M, down 68%.
- Member's equity decreased to $6.22M from $10.42M, down 40%.
- Optimum Strategies lawsuit against USO and USCF dismissed with prejudice in March 2023; no appeal.
- USO and UNG management fees comprised 75% of total $1.44M receivables at Dec 31, 2023.

## SEC filing metadata
- accession: 0001171200-24-000074
- form_type: 8-K
- ticker: UGA
- cik: 0001396878
- company_name: United States Gasoline Fund, LP
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1396878/000117120024000074/0001171200-24-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1396878/000117120024000074/i24084_uga-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171200-24-000074
- JSON: https://secwatch.observer/filing/0001171200-24-000074.json
- Plain text: https://secwatch.observer/filing/0001171200-24-000074.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.