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PD Moderator	Message Posted: Apr 6, 2011 10:37:48 AM Ignore PD Report Abuse The Department of Energy released its weekly report on the condition of petroleum inventories in the United States today. Here are some highlights: Crude oil inventories increased by 2.0 million barrels to a total of 357.7 million barrels. At 357.7 million barrels, inventories are 1.5 million barrels above last year (0.4%) and are above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 0.0 million barrels to 41.9 million barrels this week. Gasoline inventories decreased 0.4 million barrels to 216.7 million barrels, likely as they drain the system of winter spec (high RVP) gasoline. At 216.7 million barrels, inventories are now 5.7 million barrels, or 2.6% lower than last year (last week that number... Visit GasBuddy Blog for full article

Moderator

Message Posted: Apr 6, 2011 10:37:48 AM

Ignore PD Report Abuse

The Department of Energy released its weekly report on the condition of petroleum inventories in the United States today.

Here are some highlights:

Crude oil inventories increased by 2.0 million barrels to a total of 357.7 million barrels. At 357.7 million barrels, inventories are 1.5 million barrels above last year (0.4%) and are above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 0.0 million barrels to 41.9 million barrels this week.

Gasoline inventories decreased 0.4 million barrels to 216.7 million barrels, likely as they drain the system of winter spec (high RVP) gasoline. At 216.7 million barrels, inventories are now 5.7 million barrels, or 2.6% lower than last year (last week that number...

Visit GasBuddy Blog for full article

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WanderDan All-Star Author Dayton Posts:585 Points:141,960 Joined:Nov 2012	Message Posted: Jan 7, 2013 12:55:36 PM Ignore WanderDan Report Abuse ok
dongo50 Champion Author West Virginia Posts:14,678 Points:2,378,095 Joined:Jul 2006	Message Posted: Jan 7, 2013 7:06:04 AM Ignore dongo50 Report Abuse ok
dockersbin Veteran Author Virginia Beach Posts:407 Points:259,635 Joined:May 2006	Message Posted: Nov 23, 2012 11:48:31 AM Ignore dockersbin Report Abuse Alright!
Bearcat500 Champion Author Cincinnati Posts:9,715 Points:1,629,325 Joined:Nov 2005	Message Posted: Nov 23, 2012 8:38:44 AM Ignore Bearcat500 Report Abuse OK.
jtmalone Rookie Author Illinois Posts:21 Points:17,130 Joined:Apr 2011	Message Posted: Apr 26, 2011 2:03:59 PM Ignore jtmalone Report Abuse Give me my points!
JAIMEFOX Rookie Author Raleigh Posts:7 Points:790 Joined:Apr 2011	Message Posted: Apr 12, 2011 8:48:21 PM Ignore JAIMEFOX Report Abuse ARE WE TALKING WHISKEY HERE OR ARE OIL EXECUTIVES DRUNK AGAIN LOL
tomok Champion Author Portland Posts:32,954 Points:2,343,560 Joined:Aug 2006	Message Posted: Apr 8, 2011 10:57:27 AM Ignore tomok Report Abuse Crude oil inventories increased, Gasoline inventories decreased, Distillate inventories increased, Refinery utilization rose, Production of fuel ethanol decreased and the price of fuel at the pump is too high!
1006 Champion Author Birmingham Posts:1,105 Points:1,352,665 Joined:Apr 2008	Message Posted: Apr 7, 2011 6:44:01 AM Ignore 1006 Report Abuse interesting word smithing
rasprout Champion Author Tacoma Posts:3,367 Points:1,218,935 Joined:Jun 2009	Message Posted: Apr 7, 2011 4:56:49 AM Ignore rasprout Report Abuse Yet we still see prices rise. When will the US get tough on Speculation...
runinoutagas Champion Author San Bernardino Posts:10,496 Points:1,616,735 Joined:Oct 2008	Message Posted: Apr 7, 2011 2:11:28 AM Ignore runinoutagas Report Abuse … “rose 0.0 million barrels”; and “Among the regions posting gains … the Rockies (-0.0mb)” — sound like instances of a bit of “fuzzy math” to me. Also, that “Crude oil inventories increased by 2.0 million barrels …” while “Total oil stocks in the United States are down 7.2 million barrels” seems rather ambiguous. I suppose that could be referring to refined product being off; but that isn't exactly borne-out in the article. Obviously price is up, so the supply-chain is encountering resistance to movement somewhere; and contrary to the “speculation” conspiracists' speculations, stagnation doesn't help their profit equation either. I know of no entity on earth that can screw things up more royally and that is more irresponsible than “big gov”; and that is where You'll find the real culprits behind these lousy prices. (They'll be found “scapegoating” others, of course; and “painting the roses red”.) Drill !! and increase refining capacity, in anticipation of the economic boom that will follow stifling “big gov” having gotten out of the way of enterprise.
TIGERPAW46 Champion Author Florida Posts:7,120 Points:1,353,810 Joined:Mar 2004	Message Posted: Apr 7, 2011 1:55:42 AM Ignore TIGERPAW46 Report Abuse Crude inventories keep increasing for weeks while gasoline inventories keep decreasing. The article again suggest they ae probably depleting their winter supplies. Sounds like refineries have reduced output to help push prices up so they can get in on the extra profits.>"Refinery utilization rose to 84.4%, a rise of 0.3% vs. last week's numbers. Gasoline production decreased last week to 8.8 million barrels per day while distillate fuel production averaged 4.3 million barrels per day, an increase over the prior week."< [Edited by: TIGERPAW46 at 4/7/2011 2:00:36 AM EST]
bcok Champion Author Los Angeles Posts:2,111 Points:1,541,470 Joined:Oct 2005	Message Posted: Apr 7, 2011 1:47:34 AM Ignore bcok Report Abuse Too bad some of this oil can't help qualm the price at the pump.
grouch311 Champion Author Peoria Posts:6,378 Points:1,571,130 Joined:Jun 2007	Message Posted: Apr 7, 2011 1:36:34 AM Ignore grouch311 Report Abuse don't understand, just color me confused
Grismer Champion Author Kitchener-Waterloo Posts:8,519 Points:1,721,120 Joined:Apr 2008	Message Posted: Apr 7, 2011 1:33:45 AM Ignore Grismer Report Abuse Simply put, with greater refinery production and less interference by market speculators, pump prices might have levelled off.
9C1 Champion Author Chicago Posts:22,849 Points:4,244,635 Joined:Jul 2001	Message Posted: Apr 7, 2011 1:25:33 AM Ignore 9C1 Report Abuse Prices are controlled by speculators.
66mustangfb Champion Author Missouri Posts:5,035 Points:863,245 Joined:Nov 2008	Message Posted: Apr 7, 2011 1:23:54 AM Ignore 66mustangfb Report Abuse Price is controll by World Oil prices, not inventory.
GAS1251 Champion Author Texas Posts:5,138 Points:1,624,280 Joined:Jun 2008	Message Posted: Apr 7, 2011 1:22:59 AM Ignore GAS1251 Report Abuse Note to speculators- Nothing to see here, move along.
srchr Champion Author San Jose Posts:7,238 Points:1,617,125 Joined:Apr 2008	Message Posted: Apr 7, 2011 1:21:56 AM Ignore srchr Report Abuse waste of gov't money - let a private firm do it
WantLowLowLow Champion Author Dallas Posts:11,871 Points:1,292,595 Joined:Sep 2009	Message Posted: Apr 7, 2011 1:21:04 AM Ignore WantLowLowLow Report Abuse That's why they will raise gas prices.
Archangel00 Champion Author Mississippi Posts:1,697 Points:351,995 Joined:Feb 2011	Message Posted: Apr 7, 2011 1:19:26 AM Ignore Archangel00 Report Abuse ZZzzZZzzZZ......
BigMoney65 All-Star Author Wisconsin Posts:800 Points:617,395 Joined:Nov 2006	Message Posted: Apr 7, 2011 1:19:12 AM Ignore BigMoney65 Report Abuse Thank you speculators.
jadeusa Champion Author Dallas Posts:9,320 Points:1,822,065 Joined:Sep 2005	Message Posted: Apr 7, 2011 1:15:12 AM Ignore jadeusa Report Abuse Supply should be higher since demand is down.
MattR228 Sophomore Author Illinois Posts:174 Points:127,935 Joined:Mar 2011	Message Posted: Apr 7, 2011 1:15:03 AM Ignore MattR228 Report Abuse http://www.youtube.com/watch?v=VIA5aszzA18
RENEGADEGAS Champion Author Missouri Posts:14,899 Points:1,589,275 Joined:Jul 2008	Message Posted: Apr 7, 2011 1:13:27 AM Ignore RENEGADEGAS Report Abuse I never trust anything from any agency of this administration.
djgunrunner Champion Author Salt Lake City Posts:10,087 Points:2,346,655 Joined:Apr 2005	Message Posted: Apr 7, 2011 1:13:22 AM Ignore djgunrunner Report Abuse Crude is in excess and the price is up. Thank you speculators. Gasoline supplies are a little below normal but not in excess and the price is out of sight. Thank you big oil and speculators. We need to have Natural Gas infrastructure now. We need to have the money that the government was just going to give to Big Oil and the Ethanol Mafia for doing nothing and use it for rebates and incentives to convert to Natural Gas for low interest loans for the infrastructure. We need the Natural Gas Conversion Stations to quit scalping the public and to make a reasonable profit on each job and not have to pay for every license and certification with each installation. We need the American automobile manufactures who are making Natural Gas cars and trucks for the overseas market to make them available in America.
southrob Champion Author Tucson Posts:3,590 Points:686,225 Joined:Mar 2011	Message Posted: Apr 7, 2011 1:09:26 AM Ignore southrob Report Abuse gettin ready to bust the economy again remember 08? Thanks congress and president. you could do something about it but don't seem to care
djtdi Champion Author San Jose Posts:2,840 Points:709,250 Joined:Aug 2005	Message Posted: Apr 7, 2011 1:04:44 AM Ignore djtdi Report Abuse Help us God? Why do we keep reading this kind of reports.
computernut2008 Champion Author Ohio Posts:6,562 Points:1,348,415 Joined:Oct 2008	Message Posted: Apr 7, 2011 1:04:17 AM Ignore computernut2008 Report Abuse The DOE is BS//
TXGasPriceSpy Champion Author Fort Worth Posts:7,800 Points:1,470,325 Joined:Sep 2008	Message Posted: Apr 7, 2011 1:03:34 AM Ignore TXGasPriceSpy Report Abuse The most useless report on this site.
Tundralimited2009 Champion Author Dallas Posts:38,812 Points:1,447,425 Joined:Feb 2009	Message Posted: Apr 7, 2011 1:03:31 AM Ignore Tundralimited2009 Report Abuse Time will tell
carloco75 Champion Author Richmond Posts:3,706 Points:598,415 Joined:Oct 2010	Message Posted: Apr 7, 2011 1:01:14 AM Ignore carloco75 Report Abuse Wonderfullshit...i'm still paying 2.50 too dam much!!! [Edited by: carloco75 at 4/7/2011 1:01:53 AM EST]
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Apr 7, 2011 12:59:53 AM Ignore pastorpaulcg Report Abuse Okay
MidNJ Champion Author New Jersey Posts:7,542 Points:1,171,330 Joined:Sep 2009	Message Posted: Apr 7, 2011 12:58:55 AM Ignore MidNJ Report Abuse tedjm, I agree, there is not much being said here. We need a time line, and not just "highlights"
missmoby All-Star Author Lansing Posts:955 Points:188,820 Joined:Feb 2011	Message Posted: Apr 7, 2011 12:56:05 AM Ignore missmoby Report Abuse Very sad for us
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Apr 7, 2011 12:47:40 AM Ignore tedjm1 Report Abuse Who cares. Not much being said here.
slowpoke63 Champion Author Louisiana Posts:2,727 Points:885,040 Joined:Jul 2009	Message Posted: Apr 7, 2011 12:44:18 AM Ignore slowpoke63 Report Abuse Supply increases, price increases,...HMMMMMM?!?!?!
Buddy2264 Champion Author Tampa Posts:11,644 Points:2,358,020 Joined:Oct 2005	Message Posted: Apr 7, 2011 12:43:42 AM Ignore Buddy2264 Report Abuse Who knows what it all means while prices continue to rise. Conservation keeps your money in your pocket.
jkpsr Champion Author New Jersey Posts:4,074 Points:1,100,930 Joined:Jun 2005	Message Posted: Apr 7, 2011 12:43:28 AM Ignore jkpsr Report Abuse Where were the market forces? Wall Street does it again!
Rageagainsttm Champion Author Tampa Posts:8,293 Points:1,901,030 Joined:Jul 2007	Message Posted: Apr 7, 2011 12:42:14 AM Ignore Rageagainsttm Report Abuse Never good.
Crumbfel Champion Author Virginia Posts:11,554 Points:2,160,585 Joined:Aug 2006	Message Posted: Apr 7, 2011 12:42:03 AM Ignore Crumbfel Report Abuse SO MUCH FOR SUPPLY AND DEMAND
DJRIO Champion Author Miami Posts:8,030 Points:1,422,660 Joined:Jan 2008	Message Posted: Apr 7, 2011 12:41:57 AM Ignore DJRIO Report Abuse next week would be important
tutaw Champion Author Kentucky Posts:3,585 Points:840,570 Joined:Sep 2008	Message Posted: Apr 7, 2011 12:39:02 AM Ignore tutaw Report Abuse Unbelieveable
nickrapak All-Star Author Pennsylvania Posts:513 Points:135,755 Joined:Aug 2003	Message Posted: Apr 7, 2011 12:36:45 AM Ignore nickrapak Report Abuse Higher crude inventories, higher crude production, higher crude prices. WTF?
LanguageMan1 Champion Author Tampa Posts:11,707 Points:1,658,890 Joined:Apr 2008	Message Posted: Apr 7, 2011 12:36:41 AM Ignore LanguageMan1 Report Abuse Nothing surprising and no real change here. Supplies up and prices up as has been happening. Demand is lower than two years ago. We're just getting screwed. Doesn't hurt the wealthiest of the people as they only get richer through their buddies in Congress among the democrats and republicans there.
1cheapgasin Champion Author Indianapolis Posts:5,549 Points:1,207,790 Joined:Jul 2009	Message Posted: Apr 7, 2011 12:35:44 AM Ignore 1cheapgasin Report Abuse So.
TBONE3 Champion Author Pennsylvania Posts:8,736 Points:1,974,700 Joined:Mar 2005	Message Posted: Apr 7, 2011 12:34:45 AM Ignore TBONE3 Report Abuse Big deal!
unicornpmb Champion Author Buffalo Posts:8,476 Points:1,627,465 Joined:Sep 2005	Message Posted: Apr 7, 2011 12:25:08 AM Ignore unicornpmb Report Abuse Spare me.
Blue48 Champion Author Illinois Posts:7,295 Points:1,635,995 Joined:Feb 2007	Message Posted: Apr 7, 2011 12:22:35 AM Ignore Blue48 Report Abuse "HIGHLIGHTS!"
MidNJ Champion Author New Jersey Posts:7,542 Points:1,171,330 Joined:Sep 2009	Message Posted: Apr 7, 2011 12:22:17 AM Ignore MidNJ Report Abuse Interesting info that would be good to see in graph form over the last month, year and decade.
heartbroken2010 Champion Author Ottawa Posts:4,334 Points:895,585 Joined:Aug 2010	Message Posted: Apr 7, 2011 12:18:45 AM Ignore heartbroken2010 Report Abuse i wonder if the DOE can ever release some great news for us all .