Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:09 AM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA reports resume, missed report shows increase in crude supply, drop in gasoline supply Back to Topics
PD
Moderator
Message Posted: Oct 21, 2013 10:38:19 AM

The Energy Information Administration restarting their releases today, starting with the report it missed for last Wednesday. Another report for last week will be issued as normal on Wednesday.

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased by 4.0 million barrels to a total of 374.5 million barrels. At 374.5 million barrels, inventories are 5.3 million barrels above last year (1.4%) and are above the upper part of the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 2.6 million barrels to 217.3 million barrels. At 217.3 million barrels, inventories are up 20.2 million barrels, or 10.2% higher than one year ago. Here's how individual...

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
Hemond
Champion Author Providence

Posts:12,828
Points:187,515
Joined:Oct 2006
Message Posted: Oct 26, 2013 12:31:13 AM

QUOTE..... oil prices going from around $100.00 to around $100.00 is nothing but a sad joke to me,my hope for America's future "plunged" when oil went past $50.00----and thats my proffessional opinion.::::


Err, the price of WTI plummeted from ~$103 to ~$96 before upticking over the last 2 days. Saying it went from $100 to $100 doesn't have any bearing on reality.

It may be a sad joke to you but traders are buying contracts heavily today. That is why the uptick is happening. It may very well climb back up to $104 at which point todays buyers will cash out.
dongo50
Champion Author West Virginia

Posts:16,258
Points:2,571,795
Joined:Jul 2006
Message Posted: Oct 26, 2013 12:10:02 AM

missed it
OKRifle
Champion Author Oklahoma City

Posts:14,271
Points:2,606,500
Joined:Oct 2007
Message Posted: Oct 24, 2013 12:49:55 AM

Fire'em all!
fedupp
Champion Author Cleveland

Posts:7,438
Points:44,965
Joined:May 2013
Message Posted: Oct 23, 2013 7:01:50 AM

I dont care what anybody says oil prices going from around $100.00 to around $100.00 is nothing but a sad joke to me,my hope for America's future "plunged" when oil went past $50.00----and thats my proffessional opinion.
Cebo
Champion Author Maryland

Posts:3,517
Points:981,790
Joined:Oct 2012
Message Posted: Oct 23, 2013 2:22:23 AM

Okay
Hemond
Champion Author Providence

Posts:12,828
Points:187,515
Joined:Oct 2006
Message Posted: Oct 22, 2013 3:09:27 PM

:::::--plunged? to $99.22????? how about to $30.22? that would be "plunged"::::



In the parlance of the commodity exchanges, last night's drop was indeed a plunge. Look at the commodity graphs for WTI.

The plunge in oil is dramatic. 'Plunge' is the word used by the professionals.

randyragon
All-Star Author Gary

Posts:634
Points:20,685
Joined:Oct 2012
Message Posted: Oct 22, 2013 3:07:49 PM

Total oil stocks in the United States are up by 33.0 million barrels (3.0%) over last year and stand at 1.13 billion barrels (excluding the Strategic Petroleum Reserve).
Last year this date the price was $88.30, 9.8% less than today for a supply that is 3% higher.
tclbbs
Champion Author Columbus

Posts:2,172
Points:1,832,535
Joined:Jan 2002
Message Posted: Oct 22, 2013 12:53:18 PM

@WonderfulMI - You sir are a jack-n-ninny! It was NOT the GOP that caused the shut-down, it was Mr. Stompy Feet President who REFUSED to make any kind of compromise.
fedupp
Champion Author Cleveland

Posts:7,438
Points:44,965
Joined:May 2013
Message Posted: Oct 22, 2013 10:15:39 AM

--plunged? to $99.22????? how about to $30.22? that would be "plunged"
Hemond
Champion Author Providence

Posts:12,828
Points:187,515
Joined:Oct 2006
Message Posted: Oct 22, 2013 9:44:56 AM

Crude plunged overnight on electronic trading. The middle east is in a mess with oil prices....
prcoqui
Champion Author Maryland

Posts:5,837
Points:2,187,675
Joined:Dec 2006
Message Posted: Oct 22, 2013 9:20:00 AM

And the speculation begins.
fedupp
Champion Author Cleveland

Posts:7,438
Points:44,965
Joined:May 2013
Message Posted: Oct 22, 2013 6:48:28 AM

I just can't for the life of me figure out how anyone who has lived in this country their whole life thinks we have cheap oil or even affordable oil?!?! where does that come from? Where do you think these big easy to develop oil reserves are? Even the north slope that was VERY expensive to begin with is becoming depleted---we have oil you have to crack rocks to get-does that sound cheap to you? We have oil in the deep ocean-does that sound cheap? Tundra oil,60 degrees below zero cheap? I dont think so not even a little bit.The oil companies that develop oil in the US and Canada are happy with the price of crude oil because it allows them to make a profit-any lower in price and they would not be interested in developing these leftovers because it would not be worth it----and these high prices took a decade of work to get-war,lies,propaganda so good that people think we have oil like Iraq or Saudi or Venezuela---and we dont even come close-oh we have oil dont get me wrong-just no cheap or affordable oil like many many other countries have---the closest thing are the tar sands,low quality oil that the koch brothers will just find a sea port for ,think about it if they refined it for Canadian citizens it would lower the price of fuel-so they are exporting it-same as the koch's will.
WonderfulMI
Champion Author Michigan

Posts:15,220
Points:2,618,025
Joined:Jun 2008
Message Posted: Oct 22, 2013 6:24:29 AM

Not bad, after a paid two-week vacation, thanks to the Republicans.
bobzilla11
Champion Author Indiana

Posts:2,851
Points:1,239,825
Joined:May 2011
Message Posted: Oct 22, 2013 6:15:29 AM

$2 gas
pitamon
Champion Author Philadelphia

Posts:7,590
Points:2,600,530
Joined:Sep 2004
Message Posted: Oct 22, 2013 6:10:30 AM

Speculators love they are back to work.
jflabbe96
Champion Author Pennsylvania

Posts:1,895
Points:731,910
Joined:May 2012
Message Posted: Oct 22, 2013 6:04:39 AM

This article shows how they spin the data to justify a price increase. Despite supply and inventory being up, we get all kinds of reasons why price may increase. This system is broken beyond repair.
tigerhater
Champion Author Toronto

Posts:2,799
Points:701,650
Joined:Aug 2013
Message Posted: Oct 22, 2013 6:01:32 AM

prices should be way down with inventory that much higher
jmg144
Champion Author Maryland

Posts:12,523
Points:3,671,430
Joined:Jul 2004
Message Posted: Oct 22, 2013 6:01:00 AM

Why prices starting to move up.?
devildog66
Champion Author Pennsylvania

Posts:3,876
Points:1,097,090
Joined:May 2012
Message Posted: Oct 22, 2013 6:00:53 AM

Let us defund this organization.
jppezz
Champion Author New Mexico

Posts:11,947
Points:2,498,820
Joined:Jun 2008
Message Posted: Oct 22, 2013 5:58:33 AM

Oil companies are looking to raise the prices.
vamike
Champion Author Virginia

Posts:8,336
Points:2,162,500
Joined:Dec 2008
Message Posted: Oct 22, 2013 5:58:11 AM

This article must be exciting to those that complain about every off-topic article. Yawn.
Petrock
Champion Author Lexington

Posts:12,514
Points:3,389,485
Joined:Apr 2005
Message Posted: Oct 22, 2013 5:57:30 AM

Supply is up, inventories are up, must be time for the price to go up!
Ferdman17
Champion Author Albany

Posts:4,457
Points:1,192,730
Joined:Feb 2012
Message Posted: Oct 22, 2013 5:57:20 AM

Very favorable but we will have to see...
Jeffro61
Champion Author Cleveland

Posts:5,190
Points:3,013,445
Joined:Oct 2005
Message Posted: Oct 22, 2013 5:56:42 AM

Waste of money!
soupmanSC
Champion Author South Carolina

Posts:3,329
Points:1,067,585
Joined:Mar 2009
Message Posted: Oct 22, 2013 5:56:01 AM

here goes the prices again...
DerTaubman
Champion Author Detroit

Posts:10,710
Points:2,340,545
Joined:Jun 2007
Message Posted: Oct 22, 2013 5:55:05 AM

So we just got the excuse for next price increase?
friday21
Champion Author Toronto

Posts:10,193
Points:1,439,395
Joined:Jul 2010
Message Posted: Oct 22, 2013 5:54:34 AM

Whatever
LeeFree
Champion Author Pittsburgh

Posts:12,484
Points:3,044,950
Joined:Jun 2005
Message Posted: Oct 22, 2013 5:54:20 AM

Back to same old blah, blah, blah.
BugMe99
Champion Author Lexington

Posts:1,141
Points:831,360
Joined:Jan 2012
Message Posted: Oct 22, 2013 5:54:03 AM

Ok
Dedemc
Champion Author Baltimore

Posts:1,522
Points:440,450
Joined:Apr 2012
Message Posted: Oct 22, 2013 5:53:58 AM

ok
hockey_24
Champion Author KW

Posts:2,370
Points:520,405
Joined:Oct 2012
Message Posted: Oct 22, 2013 5:53:41 AM

wow
fillerupyeoww
Champion Author Columbus

Posts:9,003
Points:2,399,205
Joined:Mar 2008
Message Posted: Oct 22, 2013 5:52:01 AM

So this just proves we really don't need the EIA. How many billions is the EIA costing us?
raccoon2011
Champion Author Massachusetts

Posts:4,777
Points:1,156,240
Joined:Aug 2011
Message Posted: Oct 22, 2013 5:50:40 AM

most of the report sounds good
kobes1
Champion Author Florida

Posts:5,762
Points:1,340,180
Joined:Aug 2011
Message Posted: Oct 22, 2013 5:50:30 AM

What crap
honda0105
Champion Author Tallahassee

Posts:24,320
Points:2,439,915
Joined:Nov 2008
Message Posted: Oct 22, 2013 5:50:18 AM

LOL Clermont, I have to agree... those reports are a bore, esp. since they are of no use to anyone.
serrog
Champion Author Nova Scotia

Posts:8,942
Points:2,343,615
Joined:Oct 2008
Message Posted: Oct 22, 2013 5:50:02 AM

Amazing
mohammed10
Champion Author Gainesville

Posts:4,559
Points:1,408,675
Joined:Jun 2011
Message Posted: Oct 22, 2013 5:48:41 AM

Old news
alice4250
All-Star Author Rockford

Posts:913
Points:184,895
Joined:Jul 2011
Message Posted: Oct 22, 2013 5:47:40 AM

They don't need a reason to push up the price of gas,
jacob5066
Champion Author College Station

Posts:5,228
Points:1,250,695
Joined:Feb 2012
Message Posted: Oct 22, 2013 5:47:09 AM

Nothing new, just another cycle
ARMADA157
Champion Author Detroit

Posts:3,450
Points:770,345
Joined:Jun 2013
Message Posted: Oct 22, 2013 5:46:49 AM

Now were talking.
bassakwards007
Champion Author Orange County

Posts:4,416
Points:1,070,300
Joined:Aug 2012
Message Posted: Oct 22, 2013 5:45:01 AM

A trend..
Quick68
Champion Author Columbus

Posts:12,872
Points:2,037,850
Joined:Dec 2009
Message Posted: Oct 22, 2013 5:44:59 AM

It's all set up to keep the price of gas high. Election time is here and the lawmakers need the money from big oil. As long as we have lawmakers in Washington we will always have corruption & greed.
gravie314
Champion Author South Carolina

Posts:3,068
Points:805,335
Joined:May 2008
Message Posted: Oct 22, 2013 5:43:57 AM

ok
ReadyWriter
Champion Author Columbus

Posts:1,325
Points:73,935
Joined:May 2008
Message Posted: Oct 22, 2013 5:40:20 AM

Do you notice the pattern we've seen here? This is how they keep the gas price propped up like they do. Can you imagine if EVERY commodity price went up and down like gasoline does?!? OOPS, sorry, I might be planting ideas in someone's mind.....
gabisgram
Champion Author Michigan

Posts:4,408
Points:1,436,015
Joined:Sep 2006
Message Posted: Oct 22, 2013 5:38:56 AM

Just trying to push up the price.
metrojeep
Champion Author Fort Worth

Posts:5,729
Points:1,266,445
Joined:Feb 2012
Message Posted: Oct 22, 2013 5:35:37 AM

Really, read an article yesterday that said gas supply was UP.....
shivarr
Champion Author New Jersey

Posts:3,471
Points:911,500
Joined:Oct 2012
Message Posted: Oct 22, 2013 5:35:27 AM

ok
Jamer
Champion Author Las Vegas

Posts:9,479
Points:1,772,910
Joined:Jul 2002
Message Posted: Oct 22, 2013 5:34:11 AM

Old article.
bad_sailor
Champion Author London

Posts:11,143
Points:2,503,120
Joined:Dec 2007
Message Posted: Oct 22, 2013 5:30:51 AM

Quick, raise the price again!
toolman3md
Champion Author Maryland

Posts:3,131
Points:1,053,150
Joined:Apr 2012
Message Posted: Oct 22, 2013 5:30:36 AM

Up they go as if there needed to be a reason.
Rick52
Champion Author Milwaukee

Posts:15,784
Points:2,008,275
Joined:Mar 2005
Message Posted: Oct 22, 2013 5:28:19 AM

Oh,Oh...Drop in gas Supplies mean prices will be going up..
Post a reply Back to Topics