US EIA Gasoline Production Change (Jan/16) -0.246 (Prev. 0.029)
Newsquawk Staff ·
US EIA Gasoline Production Change (Jan/16) -0.246 (Prev. 0.029)
What it means
The U.S. EIA reported a significant decline in gasoline production, dropping by 0.246 million barrels per day from a previous increase of 0.029. This sharp contraction could signal tighter supplies in the gasoline market, potentially pushing prices higher if demand remains steady. Traders should monitor the implications for crude oil prices and overall commodity inflation as this trend develops.
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