US EIA Gasoline Stocks Change (Feb/13) -3.213 vs. Exp. -0.3 (Prev. 1.160, Rev. From 1.16)
Newsquawk Staff ·
US EIA Gasoline Stocks Change (Feb/13) -3.213 vs. Exp. -0.3 (Prev. 1.160, Rev. From 1.16)
What it means
The EIA report shows a significantly larger draw in U.S. gasoline stocks than expected, indicating stronger demand or supply constraints. This substantial decline from previous levels could support higher gasoline prices and reflects tightening in the energy market, potentially influencing overall inflation and consumer spending.
- US EIA Gasoline Production Change (Oct/23) -0.509M (Prev. 0.518M)
- US EIA Gasoline Stocks Change (Oct/23) 3.87M vs. Exp. -0.9M (Prev. -2.952M)
- EIA Expectations: Crude +0.35M, Distillate -0.63M, Gasoline -1M
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