Geopolitics Alpha

Inflation killed the penny. Now it’s coming for your dollar.

Published . Updated .

Congress congratulated itself for solving the penny problem, but what about the source of the problem — inflation?

Directly affected

  • No company is named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond

    Long-term bonds move when yields change

  • IEF iShares 7-10 Year Treasury Bond

    Treasury bonds move when yields change

  • SHY iShares 1-3 Year Treasury Bond

    Short-term bonds move when the Fed changes rates

  • SPY SPDR S&P 500

    Stocks move when the Fed changes the rate path

  • JPM JPMorgan Chase

    Bank profits move with lending and interest rates

  • BAC Bank of America

    Bank profits move with lending and interest rates

  • GS Goldman Sachs

    Bank profits move with lending and interest rates

  • XLF Financial Select Sector SPDR

    A fund of financial companies

  • KRE SPDR S&P Regional Banking

    Regional banks are sensitive to interest rates

  • UGA UNITED STATES GASOLINE FUND LP

    Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TLT———————
IEF———————
SHY———————
SPY———————
JPM———————
BAC———————
GS———————
XLF———————
KRE———————
UGA———————

Congress congratulated itself for solving the penny problem, but what about the source of the problem — inflation?

Source: MarketWatch

Price since this story was published: United States Gasoline Fund (UGA)

Since the first closing price after “Inflation killed the penny. Now it’s coming for your dollar.,” United States Gasoline Fund (UGA) is -1.45%. The S&P 500 fund (SPY) is +1.66% over the same days, a -3.11% difference versus the market.

UGA
SPY

Who is named in “Inflation killed the penny. Now it’s coming for your dollar.”

Companies tied to this story

  • UGA United States Gasoline Fund

    United States Gasoline Fund (UGA) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “Inflation killed the penny. Now it’s coming for your dollar..” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • GSG iShares S&P GSCI Commodity-Indexed Trust

    iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “Inflation killed the penny. Now it’s coming for your dollar..” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • HYG Ishares Tr

    For “Inflation killed the penny. Now it’s coming for your dollar.,” Ishares Tr (HYG) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • IEI Ishares Tr

    In “Inflation killed the penny. Now it’s coming for your dollar.,” Ishares Tr (IEI) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • DBA Invesco Db Agriculture Fund

    Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “Inflation killed the penny. Now it’s coming for your dollar..” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • MOO Vaneck Etf Trust

    In “Inflation killed the penny. Now it’s coming for your dollar.,” Vaneck Etf Trust (MOO) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • XME Spdr Series Trust

    In “Inflation killed the penny. Now it’s coming for your dollar.,” Spdr Series Trust (XME) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

  • XLY Select Sector Spdr Tr

    Select Sector Spdr Tr (XLY) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “Inflation killed the penny. Now it’s coming for your dollar..” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

How “Inflation killed the penny. Now it’s coming for your dollar.” reaches United States Gasoline Fund (UGA)

United States Gasoline Fund (UGA) is the company in “Inflation killed the penny. Now it’s coming for your dollar.,” the 15 Sep 2026 this story story.

For United States Gasoline Fund (UGA), the reason on file says Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

Also listed, iShares S&P GSCI Commodity-Indexed Trust (GSG): Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

The price range for United States Gasoline Fund (UGA), and the dates in the story

GSG traded between 35.09 and 37.22 across 10 sessions. The latest close on file is 37.04. HYG traded between 76.40 and 78.75 across 20 sessions. The latest close on file is 76.82. UGA traded between 140.00 and 152.81 across 20 sessions. The latest close on file is 143.49.

What the saved facts support for United States Gasoline Fund (UGA)

46 out of 100

“Inflation killed the penny. Now it’s coming for your dollar.” scores 46 out of 100. The score uses 1 sources, and 19 linked companies.