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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://advanresearch.com/.

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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

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us

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

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us