United States USD

United States EIA Gasoline Stocks Change

Impact:
Medium

Latest Release:

Date:
Surprise:
-0.958M
| USD
Actual:
-2.658M
Forecast: -1.7M
Previous/Revision:
4.188M
Period: Jul/04

Next Release:

Date:
Period: Jul/11
What Does It Measure?
The EIA Gasoline Stocks Change measures the weekly change in the volume of gasoline held in inventory by commercial firms in the United States. The primary focus is on assessing the stock levels of gasoline, which reflects supply and demand dynamics, and is a critical element for understanding trends in energy markets.
Frequency
This event is released weekly, typically on Wednesdays, providing a preliminary estimate of gasoline stock levels but is subject to later revisions.
Why Do Traders Care?
Traders closely monitor this indicator because it affects gasoline prices and therefore can influence broader energy markets, impacting currencies like the USD and equities in energy-related sectors. Fluctuations in gasoline stocks are considered a barometer for consumer demand and can lead to immediate reactions in the financial markets.
What Is It Derived From?
Gasoline stocks data are derived from a survey conducted by the U.S. Energy Information Administration (EIA), which collects information directly from a sample of refiners, importers, and distributors regarding their gasoline inventories. The data is compiled into a report that reflects weekly changes by comparing current inventory levels to those of the previous week.
Description
The EIA Gasoline Stocks Change report provides insights into supply-side dynamics in the oil market, enabling market participants to gauge potential price movements based on supply availability. Traders interpret higher-than-expected gasoline stocks to signify weaker demand or an over-supply scenario, while lower stocks may indicate strong consumption demand and potential pricing pressures.
Additional Notes
This indicator is often viewed as a coincident economic measure since it reflects current conditions in the gasoline market, with implications for future prices and consumption patterns. The gasoline stocks data can serve as a leading indicator for broader economic activity, providing context for trends in consumer behavior and energy consumption.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bearish for USD, Bearish for Energy Stocks. Lower than expected: Bullish for USD, Bullish for Energy Stocks.

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
-2.658M
-1.7M
4.188M
-0.958M
4.188M
-0.94M
-2.075M
5.128M
;