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Data from U.S. Energy Information Administration. Forecasts by Sigmanomics Forecast Engine.
United StatesUS API Gasoline Stock Change fell to -0.48M in May 2013
U.S. Energy Information AdministrationMonthlyReleased May 2013
US API Gasoline Stock Change fell to -0.48M in May 2013, down 0.29M from April's -0.19M reading. The print exceeded the -0.63M consensus by 0.15M. The print is running well above the 12-month average of -2.71M.
Latest Release
-0.48
Actual
-0.63
Consensus
-0.19
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
API Gasoline Stock Change (United States) was reported at 3.03 million in May 2013. The reading rose from the previous value of -0.48 million.
WHY IT MATTERS
The indicator has been trending upward over the last three releases.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Building Permits MoM (Jun 16) and Building Permits (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update May 2013.
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API Gasoline Stock Change - US
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About API Gasoline Stock Change — United States
DEFINITION
API Gasoline Stock Change is a key financial indicator that measures the weekly change in the amount of gasoline held in inventory by U.S. refineries. This data is released by the American Petroleum Institute (API) and is closely monitored by investors, analysts, and industry experts as it provides valuable insights into the supply and demand dynamics of the gasoline market. A positive change in API Gasoline Stock indicates an increase in supply, while a negative change suggests a decrease in supply. This indicator is an important tool for predicting future gasoline prices and assessing the overall health of the energy sector.
WHY THIS INDICATOR MATTERS
Energy-supply and inventory data shape commodity-curve positioning and feed through to headline inflation and consumer-discretionary spending. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2013): actual 3.03 M. Prior reading (May 2013): -0.48 M. Before that (May 2013): -2.71 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.