United States Gasoline Fund, LP - FORM 8-K - EX-99.1 - 2011-0629 UGA FINANCIAL STATEMENT - June 29, 2011

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8-K - 2011-0629 UGA FORM 8K - United States Gasoline Fund, LPuga8k_2011-0629.htm
     
Exhibit 99.1
  
United States Gasoline Fund, LP
      
Monthly Account Statement
      
For the Month Ended May 31, 2011
      
         
         
Statement of Income (Loss)
      
         
Income
        
Realized Trading Gain (Loss)
   $ (17,307,507 )
Unrealized Gain (Loss) on Market Value of Futures
     (226,254 )
Dividend Income
     938  
Interest Income
     522  
ETF Transaction Fees
     5,000  
 
Total Income (Loss)
   $ (17,527,301 )
           
Expenses
          
Investment Advisory Fee
   $ 81,934  
Brokerage Commissions
     9,082  
NYMEX License Fee
     3,409  
Non-interested Directors' Fees and Expenses
     1,074  
SEC & FINRA Registration Expense
     775  
Prepaid Insurance Expense
     435  
Other Expenses
     33,945  
 
Total Expenses
     130,654  
Expense Waiver
     (13,462 )
 
Net Expenses
   $ 117,192  
 
     Net Gain (Loss)
   $ (17,644,493 )
           
           
Statement of Changes in Net Asset Value
        
           
           
Net Asset Value Beginning of Period 5/1/11
   $ 189,416,890  
Withdrawals (600,000 Units)
     (30,159,778 )
Net Gain (Loss)
     (17,644,493 )
           
 
Net Asset Value End of Period
 $ 141,612,619  
 
Net Asset Value Per Unit (2,800,000 Units)
 $ 50.58  
           
           
           
To the Limited Partners of United States Gasoline Fund, LP:
      
           
Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that,
  
to the best of his knowledge and belief, the information contained in the Account Statement for
  
the month ended May 31, 2011 is accurate and complete.
        
           
           
/s/ Howard Mah
        
           
Howard Mah
        
Chief Financial Officer
        
United States Commodity Funds LLC, General Partner of United States Gasoline Fund, LP
  
           
United States Commodity Funds LLC
        
1320 Harbor Bay Parkway
        
Suite 145
          
Alameda, CA 94502
        
           

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