6 August
United States. Gasoline Production. The value of the indicator has decreased from 0.067M to -0.401M
A report on this calendar event is released weekly by the Energy Information Administration.
The presented indicator indirectly reflects the amount of gasoline demand in the United States and oil consumption.
The growth of gasoline production indirectly predicts an increase in oil demand in the foreseeable future.
The indicator rarely leads to increased volatility in fuel prices. Analysts estimate it in conjunction with other, more significant indicators of the oil market.
Comments by the MarketCheese analysts: a decrease of the indicator value may contribute to the fall in quotes of Gasoline.
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