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Business

Trading Gasoline Futures

Source: https://www.advan.us/blog.php

One of the largest moves we have ever seen in our data is that of gas station visitors and miles driven. Americans drive more now than they ever did, pre-pandemic and all.

What is the best way to trade this data? According to the analysis below, Gasoline Futures. This is the RBOB Gasoline front month index, on a year over year change basis, overlaid with Advan’s foot traffic at all US Gas Stations, also on a year over year basis.

The futures move is actually even larger than the foot traffic. Here are the two lines graphed on the same axis:

The correlation between Advan traffic and the Gasoline index is over 0.95 on a monthly and weekly Year over Year basis; over 0.9 on a one-week (year over year) forward basis, i.e., using traffic to forecast next week’s average RBOB; and over 0.8 on a one-day (year over year) forward basis, i.e., forecasting today’s RBOB open using yesterday’s traffic data (which is available before today’s open).

To learn more about the data behind this article and what Advan has to offer, visit https://www.advan.us/.

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ForwardKeys

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Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.

GET WEEKLY ALERTS

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The email you entered is not valid.

LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.