This morning the United States Gasoline Fund(NYSE:UGA) is making a new three month high. The popular UGA is trading higher by $1.03 to $39.00. It is important to note that since the famous Ben Bernanke speech in Jackson Hole, Wyoming on August 27, 2010 regarding quantitative easing the UGA has increased by 30 percent.
The next important daily chart resistance levels for the UGA will be around $40.00 area and more at the $42.25 level. Generally higher gasoline prices are considered a direct tax on the U.S. consumer. 
