Finished Gasoline Stocks, Total for United States
Millions of Barrels (Of 42 Gallons), Monthly, Not Seasonally Adjusted
M0514EUSM387NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
192.40
Year-over-Year Change
4.23%
Date Range
12/1/1952 - 2/1/1957
Summary
This economic trend measures the monthly volume of crude oil stored in the United States, providing insight into supply and demand dynamics in the global energy market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Millions of Barrels (Of 42 Gallons), Monthly, Not Seasonally Adjusted series tracks the total volume of crude oil stockpiles held in storage facilities across the United States. This metric is closely watched by economists, policymakers, and energy analysts as an indicator of market conditions and the balance between supply and demand for crude oil.
Methodology
The data is collected and reported monthly by the U.S. Energy Information Administration.
Historical Context
Changes in the U.S. crude oil inventory levels can influence global oil prices and impact economic and policy decisions.
Key Facts
- The U.S. currently holds over 550 million barrels of crude oil in storage.
- Crude oil inventories reached a record high of 568 million barrels in June 2022.
- Changes in inventory levels can signal shifts in global production and consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly volume of crude oil stored in the United States, providing insight into the balance between supply and demand in the global energy market.
Q: Why is this trend relevant for users or analysts?
A: Changes in U.S. crude oil inventory levels are closely watched by economists, policymakers, and energy analysts as an indicator of market conditions and a key input for assessing energy supply and demand dynamics.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Fluctuations in crude oil inventory levels can influence global oil prices and, in turn, impact economic and policy decisions related to energy, trade, and macroeconomic management.
Q: Are there update delays or limitations?
A: The data is reported monthly with a relatively short lag, providing timely information on U.S. crude oil storage levels.
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Citation
U.S. Federal Reserve, Millions of Barrels (Of 42 Gallons), Monthly, Not Seasonally Adjusted (M0514EUSM387NNBR), retrieved from FRED.