6 August
United States. Gasoline Production. The value of the indicator has increased from -0.491M to 0.278M
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, as well as 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: an increase of the indicator value may contribute to the rise in quotes of Gasoline.
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