US EIA Gasoline Production Change (Feb/20) -0.223 (Prev. 0.290, Rev. From 0.29)
The EIA's reported decrease in gasoline production suggests tightening supply dynamics, especially after a previous increase.
Fed's Barkin (2027 voter, Neutral) says they should not immediately assume that people will be displaced by AI; AI will provide opportunities for workers to do higher-skilled tasks
US Treasury Secretary Bessent says the US Treasury will continue to pressure Iran on weapons
US EIA Gasoline Production Change (Feb/20) -0.223 (Prev. 0.290, Rev. From 0.29)
EIA Expectations: Crude 1.84M, Distillate -1.2M, Gasoline -0.272M
JPMorgan raises its long-term gold forecast to USD 4,500/oz, keeps its 2026 year-end forecast at USD 6,300/oz
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This change could signal upward pressure on gasoline prices, impacting broader energy costs and potentially influencing inflation expectations.
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