{"id":3767,"date":"2009-06-17T11:41:32","date_gmt":"2009-06-17T15:41:32","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=3767"},"modified":"2016-09-20T04:40:19","modified_gmt":"2016-09-20T08:40:19","slug":"gasoline-trumps-oil-inventories","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2009\/06\/17\/gasoline-trumps-oil-inventories\/","title":{"rendered":"Gasoline Trumps Oil Inventories"},"content":{"rendered":"<p>Today&#8217;s latest release from the Energy Information Administration showed a larger draw-down for oil inventories but a much greater build in gasoline inventories. \u00a0 Economists were expecting a draw-down in oil inventories of approximately -1.2 million barrels versus the reported -3.9 million barrels. \u00a0 Although, this was much larger than expectations oil continued to slip in early trading as the number of gasoline inventories moved up larger than expectations.<\/p>\n<p><!--more-->As gasoline is a by product of oil, the net effect of an increase in gasoline means that you will probably see a much greater build in oil inventories in the coming week. \u00a0 It appears at least in the short run consumers have slowed the amount of gasoline consumption or the refineries have increased supplies larger than consumption needs.<\/p>\n<p><a rel=\"attachment wp-att-3772\" href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/2009\/06\/17\/gasoline-trumps-oil-inventories\/oil3\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3772\" title=\"oil3\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2009\/06\/oil3-1.png\" alt=\"oil3\" width=\"598\" height=\"401\" \/><\/a><em>Courtesy of Economy.com<\/em><\/p>\n<p>Even more compelling is that the dollar has continued to weaken against all major currencies as oil has moved down. \u00a0 Typically the dollar and oil have an inverse relationship. \u00a0 As the dollar weakens, oil moves higher and as the dollar strengthens oil moves lower. \u00a0 Right now we are seeing the dollar weaken against the euro and oil is lower.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today&#8217;s latest release from the Energy Information Administration showed a larger draw-down for oil inventories but a much greater build in gasoline inventories. \u00a0 Economists were expecting a draw-down in oil inventories of approximately -1.2 million barrels versus the reported -3.9 million barrels. \u00a0 Although, this was much larger than expectations oil continued to slip [&hellip;]<\/p>\n","protected":false},"author":371,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5],"tags":[481,71],"class_list":["post-3767","post","type-post","status-publish","format-standard","hentry","category-economy","tag-economy","tag-oil","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/3767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/371"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=3767"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/3767\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=3767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=3767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=3767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}