Platts reports today, Monday, February 6, 2017, it expects US gasoline stocks to rise another 1.2 million bbls when the data is presented later this week. The four data point/estimates:
- gasoline stocks: to rise 1.2 million bbls
- distillate inventories: to rise 1.1 million bbls
- refinery utilization: to remain unchanged (has slowed recently but has been higher than normal for this time of year)
- crude oil stocks: to increase 2.5 million bbls
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GDP Now
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is 3.4 percent on February 1, up from 2.3 percent on January 30, 2017.
After this morning's ISM Report On Business from the Institute for Supply Management and the construction spending release from the U.S. Census Bureau, the forecasts for first-quarter real personal consumption expenditures growth and real private fixed investment growth increased from 3.0 percent to 3.8 percent and 4.7 percent to 8.0 percent, respectively.
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Atmospheric CO2
Huge jump from January, 2016, one year ago.
- 406/1,000,000 this year.
- 402.5/1,000,000 this year.
3.5 / 402.5 = 0.87% jump in atmospheric CO2 in one year. At this rate, we could hit 410 ppm by next January, 2018.
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