From the course: Economic Indicators

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Weekly energy reports

Weekly energy reports

From the course: Economic Indicators

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Weekly energy reports

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- Americans have two times of year when their energy demand is high. In the summer, gasoline demand is high because people go on summer vacations and road trips. In the winter, natural gas demand is high because it's cold. And natural gas is critical for heating demand. But demand isn't the only thing that drives energy prices. Energy supplies are important for prices too. This is why petroleum inventories of gasoline, diesel, and crude oil, as well as inventories of natural gas determine if prices will be high when demand is high. And energy prices don't just impact what you pay for fuel at the gas pump, or what you pay to heat your house or fireplace. Energy prices also impact the value of energy investments you may have. And energy prices impact inflation. There are two important weekly inventory reports from the U.S. Department of Energy's Energy Information Agency, that can influence energy prices. The first report is the Weekly Petroleum Status Report, which is informally called…

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