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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS EIA Gasoline Production climbed to 0.39M in December 2019
FMPMonthlyReleased January 2020
US EIA Gasoline Production climbed to 0.39M in December 2019, released January 2020, up 1.68M from November's -1.29M reading.
Latest Release
0.394000
Actual
—
Consensus
-1.286000
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
EIA Gasoline Production (United States) was reported at 0.39 million in January 2020. The reading rose from the previous value of -1.29 million.
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 NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update January 2020.
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EIA Gasoline Production - US
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About EIA Gasoline Production — United States
DEFINITION
EIA Gasoline Production is a key financial indicator that measures the total amount of gasoline produced in the United States. This data is collected and reported by the Energy Information Administration (EIA) and is used by investors, economists, and policymakers to track the health of the energy sector and make informed decisions. It provides valuable insights into the supply and demand of gasoline, which can impact prices and profitability for companies in the oil and gas industry. EIA Gasoline Production is a crucial tool for understanding the overall state of the economy and making strategic financial decisions.
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 (Jan 2020): actual 0.394 M. Prior reading (Jan 2020): -1.286 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.