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Data from U.S. Energy Information Administration. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Gasoline Inventories fell to -1.72M in July 2013
U.S. Energy Information AdministrationMonthlyReleased July 2013
US Gasoline Inventories fell to -1.72M in July 2013, down 5.37M from June's 3.65M reading. The reading missed the 0.61M consensus by 2.33M.
Latest Release
-1.719
Actual
0.61
Consensus
3.653
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
Gasoline Inventories (United States) was reported at -1.72 million in July 2013. This missed the market consensus of 0.61 million by 2.33 million. The reading fell from the previous value of 3.65 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 July 2013.
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Gasoline Inventories - US
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About Gasoline Inventories — United States
DEFINITION
Gasoline Inventories is a key financial indicator that measures the amount of gasoline held in storage by refineries, terminals, and other facilities. It provides valuable insights into the supply and demand dynamics of the gasoline market, as well as the overall health of the energy sector. Changes in gasoline inventories can impact prices and profitability for both producers and consumers, making it a crucial metric for investors and analysts in the energy industry.
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 (Jul 2013): actual -1.719 M, consensus 0.61 M.
WHAT'S NEXT
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.