United States Gasoline ETF
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Gasoline Prices Could Continue to Outperform Oil Prices
The shutdown at Philadelphia Energy Solutions could increase US oil inventories in the coming weeks. But at the same time, gasoline inventories might decline. The Philadelphia Energy Solutions refinery has a refining capacity of 335,000 barrels per day. On June 26, the United States Gasoline Fund (UGA), which follows gasoline prices, rose 4%.
Is US Gasoline Demand Helping Oil Bulls?
US gasoline consumption averaged 9.32 MMbpd in 2017. Gasoline consumption could average 9.31 MMbpd in 2018 and 9.36 MMbpd in 2019.
US Gasoline Demand Could Hit a New Record
The EIA estimates that the four-week average US gasoline demand increased 2.4% to 9,701,000 bpd (barrels per day) on June 22–29.
How Energy Commodities Are Performing This Week
Crude oil (USO) prices rose from last week’s close of $68.58 per barrel to $70.53 per barrel on June 26—an increase of ~3%.
A Look at Valero Energy’s Surge This Year
Year-to-date, Valero Energy (VLO) has been the Energy Select Sector SPDR ETF’s (XLE) fourth-strongest energy stock, rising ~27%.
How the Energy Sector Is Doing This Year
In this series, we’ll look at the Energy Select Sector SPDR ETF’s (XLE) strongest stocks, and analyze the developments behind their movement.
How Energy Commodities Performed from June 18–20
Energy stocks are rising this week. The Energy Select Sector SPDR ETF (XLE) has risen 1.2% from June 18–20.
Brent and US Crude Oil before OPEC’s Meeting
On June 8–15, Brent crude oil August futures fell 3.9%, which was 2.9 percentage points more than the fall in US crude oil.
Are Crude Oil Bulls Tracking US Gasoline Demand?
The EIA estimates that the four-week average US gasoline demand increased 1.6% to 9,671,000 bpd (barrels per day) on May 18–25.
Why Oil’s Rally Is Cooling
Between May 18 and May 25, US crude oil July futures fell 4.9%—the steepest weekly decline since February 9.
Gasoline Inventories Pressure Gasoline and Oil Prices
US gasoline inventories increased by 1.9 MMbbls to 233.9 MMbbls on May 11–18. The inventories have fallen by 5.9 MMbbls or 2.5% YoY.
Gasoline Inventories Support Gasoline and Oil Prices
The larger-than-expected decline in gasoline inventories helped US gasoline futures on May 16. US gasoline futures rose 2.1% to $2.3 per gallon on May 16.
Drop in Gasoline Inventories Boosts Gasoline and Oil Prices
According to the EIA, US gasoline production decreased 0.7% to 9,974,000 bpd (barrels per day) on April 27–May 4.
US Gasoline Demand Decreased on April 13–20
The EIA estimates that the four-week average US gasoline demand decreased by 31,000 bpd (barrels per day) to 9,354,000 bpd on April 13–20.
Gasoline and Distillate Inventories Could Boost Crude Oil Futures
The API reported that US gasoline inventories increased by 1.1 MMbbls (million barrels) on March 23–30, 2018.
US Gasoline Inventories Fell for the Fourth Consecutive Week
The EIA reported that US gasoline inventories declined by 3.4 MMbbls (million barrels) to 239.5 MMbbls on March 16–23, 2018.
US Gasoline Inventories Helped Gasoline and Oil Prices
The EIA released its crude oil inventory report on Wednesday, March 14, 2018.
US Gasoline Inventories Rose: Bad News for Crude Oil Prices
US gasoline inventories increased by 3.6 MMbbls (million barrels) or 1.5% to 249 MMbbls on February 2–9, 2018, according to the EIA.
Larger Build in US Gasoline Inventories Pressures Oil Prices
According to the EIA, US gasoline inventories increased by 3.4 MMbbls (million barrels) to 245.4 MMbbls on January 26–February 2, 2018.
EIA Upgrades US Gasoline Demand for 2019
The four-week average US gasoline demand increased by 99,000 bpd (barrels per day) or 1.1% to 8,806,000 bpd on January 19–26, 2018.
World Fuel Services: The Only Refining and Marketing Gainer
Refining and marketing gainers In this part, we will look at the top percentage gainers from the refining and marketing sector in the US for the week starting January 29, 2018. To compile the list of top refining and marketing gainers, we have selected refining and marketing companies with market capitalizations of greater than $100 […]
Phillips 66’s Strong Performance in 2017
In 2017, Phillips 66 (PSX) was the fifth-best-performing energy stock of the Energy Select Sector SPDR ETF (XLE).
US Gasoline Inventories Could Threaten Crude Oil Prices
According to the EIA, US gasoline inventories increased by 3.1 MMbbls (million barrels) to 244 MMbbls on January 12–19, 2018.
US Gasoline Demand Could Extend the Crude Oil Price Rally
The EIA estimated that four-week average US gasoline demand decreased by 190,000 bpd (barrels per day) to 8,904,000 bpd on January 5–12, 2018.
Gasoline Inventories Could Cap the Upside for Oil Prices
On January 23, 2018, the API released its crude oil inventory report. US gasoline inventories increased by 4.1 MMbbls on January 12–19, 2018.
These Energy Commodities Rose This Week
With the mixed performance from energy commodities, energy stocks are down this week. As of January 17, the Energy Select Sector SPDR Fund (XLE) has fallen ~0.4% this week.
US Gasoline Inventories: More Concerns for Oil in 2018?
US gasoline inventories rose by 4.1 MMbbls (million barrels) to 237.3 MMbbls between December 29, 2017, and January 5, 2018.
Gasoline and Distillate Inventories Could Impact Crude Oil Prices
February US crude oil (DWT) (SCO) futures contracts rose 0.8% and were trading at $63.46 per barrel at 1:13 AM EST on January 10, 2018.
Will US Gasoline Demand Help Crude Oil Prices This Week?
According to the EIA, US gasoline demand rose by 423,000 bpd (barrels per day) or 4.6% to 9,595,000 bpd on November 10–17, 2017.
US Gasoline Demand Hit a Record in October 2017
According to the API, US gasoline demand averaged 9,300,000 bpd (barrels per day) in October 2017. It was the highest level ever.
Crude Oil and Gasoline Inventories Could Impact Crude Oil Futures
December US crude oil (DWT) (DBO) futures contracts fell 0.56% to $56.88 per barrel in electronic trade at 1:10 AM EST on November 8, 2017.
US Gasoline Inventories: Will Crude Oil’s Rally Be Short-Lived?
US gasoline inventories rose for the fourth straight week. The inventories are 8.5 MMbbls or 4% higher than the five-year average.
Are US Gasoline Inventories a Pain for Crude Oil Bulls?
The EIA (U.S. Energy Information Administration) estimates that US gasoline inventories rose by 1.6 MMbbls to 218.9 MMbbls on September 22–29, 2017.
US Gasoline Demand: Are the Crude Oil Bears Taking Control?
Weekly US gasoline demand rose by 81,000 bpd to 9.5 MMbpd on September 15–22, 2017. Gasoline demand rose by 642,000 bpd or 7.2% YoY.
Gasoline Inventories Could Pressure Crude Oil Prices
The API estimates that US gasoline inventories rose by 4.19 MMbbls on September 22–29, 2017. The market expected a build by 1.08 MMbbls.
Broader Energy Sector Is Underperforming S&P 500 This Week
For the week beginning October 2, 2017, natural gas prices are leading the decline in energy commodities.
Understanding the Rising US Gasoline Inventories
The EIA estimated on September 27 that US gasoline inventories rose 1.1 MMbbls (million barrels) to 217.2 MMbbls from September 15–22, 2017.
US Gasoline Demand Today: Bullish or Bearish for Crude?
The EIA estimates that weekly US gasoline demand fell 178,000 bpd (barrels per day) to 9.4 MMbpd between September 8 and September 15.
US Gasoline Inventories Fell for 4th Time in 5 Weeks
The EIA (U.S. Energy Information Administration) estimates that US gasoline inventories fell 2.1 MMbbls (million barrels), or 1%, to 216.1 MMbbls between September 8, 2017, and September 15, 2017.
US Gasoline Demand Could Fall in 2018
The EIA estimates that weekly US gasoline demand rose by 456,000 bpd (barrels per day) to 9.6 MMbpd (million barrels per day) on September 1–8, 2017.
US Gasoline Inventories’ Largest Weekly Drop in 27 Years
The EIA (U.S. Energy Information Administration) released its weekly crude oil inventory report on September 13.
Pre-Hurricane Harvey, US Crude Oil Demand Hit a Record High
US refinery crude oil demand The EIA (U.S. Energy Information Administration) estimates that US refinery crude oil demand rose by 264,000 bpd (barrels per day) to 17,725,000 bpd between August 18 and 25, 2017, reaching the highest level since 1982. Refinery demand rose 1.5% week-over-week and rose 1,110,000 bpd, or 6.6%, year-over-year. High refinery demand is […]
Will US Gasoline Demand Impact Gasoline and Crude Oil Futures?
The EIA estimates that weekly US gasoline demand rose 107,000 bpd (barrels per day), or 1.1%, to 9.6 MMbpd between August 11 and August 18.
Why September Gasoline Futures Hit a 2-Year High
September gasoline futures contracts rose 4% and closed at $1.78 per gallon on August 29, 2017—the highest settlement in more than two years.
How US Gasoline Inventories Support Crude Oil Futures
The US Energy Information Administration reported that US gasoline inventories fell by 1.2 MMbbls (million barrels) to 229.9 MMbbls (million barrels) between August 11, 2017, and August 18, 2017.
Could US Gasoline Demand Fall in the Coming Months?
The EIA estimates that US gasoline demand will fall 275.0 Mbpd (thousand barrels per day) to 9.5 MMbpd (million barrels per day) August 4–11, 2017.
Crude Oil Rose from Weak Dollar: Will It Hit a High in 2016?
In this series, we’ll focus on the bullish and bearish catalysts for crude oil prices. We’ll also look at what’s happening with US crude oil, gasoline, and distillate inventories.
