United States EIA Gasoline Production

Info

History

Chart

Impact:

Low

Source: U.S. Energy Information Administration

Latest Release:

Date:

Actual:

0.394M

Forecast:

Previous/Revision:

-1.286M

Period: Jan/10

What Does It Measure?

The United States EIA Gasoline Production measures the total volume of gasoline produced domestically within a specific timeframe, typically on a weekly basis. It primarily focuses on assessing the supply side of the gasoline market, providing insights into production levels that influence fuel prices and overall energy economics.

Frequency

The EIA Gasoline Production data is released weekly, typically on Wednesdays, with the report providing a preliminary estimate that may be revised in subsequent weeks.

Why Do Traders Care?

Traders pay close attention to gasoline production figures because they directly impact fuel prices and can influence broader commodities markets. Higher production levels are generally seen as bearish for prices, while lower output may drive prices higher, affecting related energy stocks and currencies.

What Is It Derived From?

The gasoline production data is derived from surveys conducted with refiners and blending facilities throughout the United States, utilizing methods such as weekly estimates from operators' reports. This process involves compiling actual production data, which are then adjusted for seasonal patterns and operational discrepancies.

Description

The weekly gasoline production figures serve as a key indicator of supply in the petroleum market, allowing stakeholders to gauge current and expected market conditions. The preliminary data presents an initial snapshot of production trends, while final revisions provide a more accurate reflection as additional data comes in.

Additional Notes

Gasoline production is considered a coincident economic indicator as it reflects current economic activity in the energy sector. Movements in gasoline output can also provide insights into consumer demand trends, influencing other related indicators such as crude oil inventories and fuel consumption rates.

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
Jan 15, 2020		0.394M		-1.286M
Jan 08, 2020		-1.286M		-0.096M