EIA working to revive affected gas value reporting methods

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Methods errors have created a delay with the Vitality Data Administration’s knowledge launch, together with the weekly diesel costs, schedule for the week of June 20, the EIA mentioned in an announcement launched June 22.

The weekly pure fuel storage report was launched as scheduled on June 23.

Nevertheless, all different knowledge releases scheduled for this week might be delayed, the EIA mentioned.

“We apologize for the inconvenience of this delay, and stay dedicated to our mission of accumulating, analyzing, and disseminating impartial and neutral vitality data as we resolve this situation,” EIA mentioned.

With the discharge of its June 13 weekly on-highway diesel gas value survey, the EIA launched a brand new statistical methodology for figures its weekly common costs.

In response to the EIA web site, the brand new sampling and estimation methodologies had been carried out to enhance the accuracy of the weekly value estimates they publish. The brand new pattern, first launched on June 13, consists of about 590 diesel shops in comparison with 403 within the earlier pattern, the company mentioned.

This variation in methodology is unrelated to the system errors, mentioned Chris Higginbotham, EIA media relations.

“The problems we face are hardware-related, and so they had been sudden,” Higginbotham mentioned. “This was 100% a technical downside. The problem is unrelated to the adjustments in our methodology for calculating U.S. common diesel costs.”

Higginbotham mentioned he doesn’t count on any further adjustments to the methodology utilized by EIA to determine weekly diesel costs.

The company mentioned it’s going to resume its regular manufacturing schedule, and in addition plans to launch the delayed knowledge as quickly as doable.

Land Line will replace its gas protection with the most recent data from the EIA as soon as it’s launched. LL

 

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