United States USD

United States EIA Gasoline Production Change

Impact:
Low

Latest Release:

Date:
Actual:
0.278M
Forecast:
Previous/Revision:
-0.491M
Period: Jul/04

Next Release:

Date:
Period: Jul/11
What Does It Measure?
The United States EIA Gasoline Production Change measures the weekly change in the volume of gasoline produced by refineries in the U.S. This indicator primarily assesses supply-side dynamics within the oil and gas industry, focusing on the production levels of gasoline, which is a significant component of consumer energy consumption.
Frequency
This report is released weekly, typically on Wednesday, and it presents preliminary data that may be revised in subsequent reports.
Why Do Traders Care?
Traders closely monitor gasoline production changes as they directly impact supply levels, influencing gasoline prices and overall energy market sentiment. Significant deviations from expectations can lead to fluctuations in energy stocks, currency valuation, and broader market trends as they provide insights into consumer demand and economic activity.
What Is It Derived From?
The EIA Gasoline Production Change is derived from data collected from refineries across the United States, using survey methodologies that capture the volume of gasoline produced weekly. The EIA aggregates these data points and employs standard industry practices for reporting, ensuring a consistent and accurate reflection of production trends.
Description
This indicator reports the change in gasoline production on a week-over-week basis, illustrating short-term fluctuations that may signal shifts in demand or refinery operational capacity. The preliminary nature of the report, which is subject to subsequent revisions, often generates immediate responses in financial markets as traders assess the implications for supply and price forecasts.
Additional Notes
The EIA Gasoline Production Change serves as a coincident economic measure, reflecting immediate trends in consumer energy consumption and production capacity. It is important as part of a larger suite of energy reports, including crude oil inventories and refinery utilization, which collectively provide a comprehensive view of the energy sector's health.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Energy Stocks. Lower than expected: Bearish for USD, Bearish for Energy Stocks. Dovish tone: Signaling lower gasoline supply, is usually bad for the USD but good for Energy Stocks due to potential for increased prices that benefit producers.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
0.278M
-0.491M
-0.491M
0.008M
;