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PD Moderator	Message Posted: Jan 12, 2011 7:38:48 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 decreased by 2.2 million barrels to a total of 333.1 million barrels. At 333.1 million barrels, inventories are 2.1 million barrels above last year (0.6%) and are now slightly above average. Supply at NYMEX delivery point, Cushing, Oklahoma fell 0.1 million barrels to 37.4 million barrels this week. Gasoline inventories increased 5.1 million barrels to 223.2 million barrels. At 223.2 million barrels, inventories are now 0.3 million barrels, or 0.1% lower than last year (last week that number was 0.7% lower). No decreases were seen in gasoline... Visit GasBuddy Blog for full article

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Message Posted: Jan 12, 2011 7:38:48 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 decreased by 2.2 million barrels to a total of 333.1 million barrels. At 333.1 million barrels, inventories are 2.1 million barrels above last year (0.6%) and are now slightly above average. Supply at NYMEX delivery point, Cushing, Oklahoma fell 0.1 million barrels to 37.4 million barrels this week.

Gasoline inventories increased 5.1 million barrels to 223.2 million barrels. At 223.2 million barrels, inventories are now 0.3 million barrels, or 0.1% lower than last year (last week that number was 0.7% lower). No decreases were seen in gasoline...

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joelas Champion Author Cleveland Posts:1,035 Points:603,720 Joined:Jan 2011	Message Posted: Aug 29, 2011 2:35:36 PM Ignore joelas Report Abuse Isn't this article a little old?
lawsondawg Rookie Author Georgia Posts:23 Points:89,860 Joined:Nov 2009	Message Posted: Aug 27, 2011 8:27:45 PM Ignore lawsondawg Report Abuse The fact of the matter is this, refineries may have expanded however, we still get taken to the cleaners when, refineries are taken off line for any reason. Whether it be maintenance, fires, break downs or hurricanes. Just watch the price as hurricane Irene sweeps the east coast refinery area. We need at least 1 new refinery every 10/20 years but situated in the center of the country to get it out of the lines of storms. Over 60% or our capacity is on the gulf coast, what do you think happens at the report of any storm?? It doesn't have to hit for prices to increase, only has to be a threat. One thing that should have never happened and that is for gas and oil to be traded on a daily electronic market. We are screwed as long as it continues.
tomok Champion Author Portland Posts:33,577 Points:2,372,235 Joined:Aug 2006	Message Posted: Jan 14, 2011 2:06:56 PM Ignore tomok Report Abuse Crude oil inventories decreased, Gasoline inventories increased, Refinery utilization fell and the price of fuel at the pump is too high!
djliberty All-Star Author Chicago Posts:967 Points:320,380 Joined:Mar 2008	Message Posted: Jan 13, 2011 9:57:47 AM Ignore djliberty Report Abuse boring. do i hear a foghorn?
TIGERPAW46 Champion Author Florida Posts:7,236 Points:1,378,645 Joined:Mar 2004	Message Posted: Jan 13, 2011 2:35:43 AM Ignore TIGERPAW46 Report Abuse Similar to last week; they decreased oil reserves 2.2 mil brls by refining more oil & increased gas reserves 5.1 mil brl. So you figure how many brls of gas they get per brl of oil & the decrease oil is pretty meaningless. Just taking the product out of one pocket & putting it into another. Anyone for a little shell game. Which shell is the oil under, the ground, the oil tanker ship, the holding tank on land, the refinery, tanker truck or the Gas station? Whoops, how about everyone decided to fill up last week because gas prices were climbing so more gas reserves this week. If you intend to have the report meaningful just say total PETROLEUM fuel potential within the USA IS UP OR DOWN BY HOW MUCH. ONE FIGURE TELLS IT ALL, MAYBE HOW MANY TRILLION KILOCALORIES CAN WE GENERATE OR SOMETHING LIKE THAT.
ED6 Champion Author Riverside Posts:9,589 Points:1,871,965 Joined:Jul 2007	Message Posted: Jan 13, 2011 1:11:10 AM Ignore ED6 Report Abuse There is enough supply of oil and yet price is rising.
DellDude2 Champion Author Nashville Posts:9,566 Points:2,148,485 Joined:Aug 2005	Message Posted: Jan 13, 2011 1:03:39 AM Ignore DellDude2 Report Abuse Yawn, the perfect bedtime story to help me get to sleep.
1fulltank Champion Author Buffalo Posts:8,036 Points:1,570,995 Joined:Nov 2008	Message Posted: Jan 13, 2011 1:02:15 AM Ignore 1fulltank Report Abuse Sometimes, info like this seems so irrelative. The price just seems to be propped up regardless of the data.
Saturn93 Champion Author Salt Lake City Posts:7,292 Points:1,640,885 Joined:Oct 2006	Message Posted: Jan 13, 2011 12:50:22 AM Ignore Saturn93 Report Abuse Another government report of dubious accuracy.
MDTDriver Champion Author California Posts:9,848 Points:2,180,900 Joined:Jul 2006	Message Posted: Jan 13, 2011 12:48:04 AM Ignore MDTDriver Report Abuse So, why is gas go HIGH at the pumps!!
SteveMartin Champion Author New Orleans Posts:4,548 Points:910,715 Joined:May 2008	Message Posted: Jan 13, 2011 12:47:22 AM Ignore SteveMartin Report Abuse Sounds like we are doing fine.
comprof Champion Author Houston Posts:7,004 Points:1,383,475 Joined:Jul 2009	Message Posted: Jan 13, 2011 12:39:42 AM Ignore comprof Report Abuse DOE reports. Just more wasted government spending.
findcheap Champion Author Los Angeles Posts:9,732 Points:2,036,600 Joined:Apr 2007	Message Posted: Jan 13, 2011 12:18:41 AM Ignore findcheap Report Abuse doesn't seem to affect prices much
rippertoo Champion Author Tacoma Posts:5,890 Points:1,168,560 Joined:Jan 2010	Message Posted: Jan 13, 2011 12:14:47 AM Ignore rippertoo Report Abuse Whatever
OnTheWater Champion Author Orange County Posts:2,123 Points:623,130 Joined:Nov 2009	Message Posted: Jan 12, 2011 11:57:22 PM Ignore OnTheWater Report Abuse Same old DOE bull crap stories!!
lgwhitlock Champion Author Chico Posts:7,520 Points:1,712,220 Joined:Jun 2008	Message Posted: Jan 12, 2011 11:55:20 PM Ignore lgwhitlock Report Abuse Yet another government sponsored speculation report...
bigsranch Champion Author Houston Posts:3,282 Points:1,032,205 Joined:Apr 2007	Message Posted: Jan 12, 2011 11:54:48 PM Ignore bigsranch Report Abuse agree w/ 52MPG
EcoVore Champion Author Los Angeles Posts:3,538 Points:728,775 Joined:Jun 2008	Message Posted: Jan 12, 2011 11:50:35 PM Ignore EcoVore Report Abuse Increasing is the mystery, no rhyme but reason of greed.
Retowered Champion Author Colorado Posts:8,712 Points:2,712,140 Joined:May 2004	Message Posted: Jan 12, 2011 11:46:25 PM Ignore Retowered Report Abuse All we have seen is increases in the prices of fuel, is it not time for it to go DOWN?
speedys Champion Author Utah Posts:7,147 Points:2,585,385 Joined:Nov 2005	Message Posted: Jan 12, 2011 11:44:50 PM Ignore speedys Report Abuse I agree "52MPG".
Matt G Champion Author Boston Posts:4,668 Points:2,799,765 Joined:Jun 2004	Message Posted: Jan 12, 2011 11:44:19 PM Ignore Matt G Report Abuse And the price keeps going up
RENEGADEGAS Champion Author Missouri Posts:15,064 Points:1,617,850 Joined:Jul 2008	Message Posted: Jan 12, 2011 11:36:41 PM Ignore RENEGADEGAS Report Abuse Another waste of time to post this story. I never trust anything from an agency of this administration.
da_bears22 Veteran Author Chicago Posts:405 Points:1,262,460 Joined:Nov 2005	Message Posted: Jan 12, 2011 11:31:25 PM Ignore da_bears22 Report Abuse If stocks of petroleum products are up, prices should drop a little. But we'll see.
52MPG Champion Author Dayton Posts:7,397 Points:1,767,680 Joined:Apr 2006	Message Posted: Jan 12, 2011 11:25:53 PM Ignore 52MPG Report Abuse The percentage change is so small I wonder if an error in reporting could have caused it.
danny999 Champion Author Florida Posts:8,858 Points:1,665,785 Joined:Oct 2008	Message Posted: Jan 12, 2011 11:14:52 PM Ignore danny999 Report Abuse and a partridge in a pear tree.blah,blah,blah/.
nurdco Champion Author Colorado Springs Posts:9,377 Points:1,721,135 Joined:Apr 2008	Message Posted: Jan 12, 2011 11:12:27 PM Ignore nurdco Report Abuse Prices still GO UP...
firefly09 Champion Author San Diego Posts:2,608 Points:739,130 Joined:Mar 2009	Message Posted: Jan 12, 2011 11:04:00 PM Ignore firefly09 Report Abuse Seems like I have heard this before.
grouch311 Champion Author Peoria Posts:6,386 Points:1,596,990 Joined:Jun 2007	Message Posted: Jan 12, 2011 10:50:07 PM Ignore grouch311 Report Abuse put a bounty on the speculators
BoxtheGnat Veteran Author St. Louis Posts:338 Points:240,615 Joined:Feb 2009	Message Posted: Jan 12, 2011 10:47:12 PM Ignore BoxtheGnat Report Abuse What is the DOE doing to lessen gas prices. NOTHING! We know we are going to be screwed by OPEC, oil companies, the government & oil speculators. Maybe we should hunt oil speculators?
gass12 Champion Author Omaha Posts:8,523 Points:2,330,420 Joined:Oct 2005	Message Posted: Jan 12, 2011 10:37:22 PM Ignore gass12 Report Abuse What is DOE-Death over Engery.
LostToo Champion Author Illinois Posts:4,392 Points:975,315 Joined:May 2009	Message Posted: Jan 12, 2011 10:32:03 PM Ignore LostToo Report Abuse text deleted a female dear....
GAS1251 Champion Author Texas Posts:5,288 Points:1,652,935 Joined:Jun 2008	Message Posted: Jan 12, 2011 10:30:03 PM Ignore GAS1251 Report Abuse Maybe supplies are going up because gas prices have gone up too much
Bruno44 Champion Author Texas Posts:7,212 Points:1,794,920 Joined:Sep 2007	Message Posted: Jan 12, 2011 10:19:42 PM Ignore Bruno44 Report Abuse Ahhh, DOE = Dumbest Overseeing Energy.
packards42 Champion Author Washington Posts:6,535 Points:1,147,920 Joined:Feb 2005	Message Posted: Jan 12, 2011 10:17:14 PM Ignore packards42 Report Abuse I just don't see a movement of less than 3/4% effectiving the price at the pump. It like saying the glass is "half full or half empty" it just your prospective on life. It like kaous theory
Bubba44612 Champion Author Ohio Posts:7,521 Points:1,903,210 Joined:Aug 2005	Message Posted: Jan 12, 2011 10:15:09 PM Ignore Bubba44612 Report Abuse So what, supply and demand doesn't mean anything.
9C1 Champion Author Chicago Posts:22,989 Points:4,273,085 Joined:Jul 2001	Message Posted: Jan 12, 2011 10:15:03 PM Ignore 9C1 Report Abuse Food for speculators.
Maintroll Champion Author Lexington Posts:8,769 Points:1,729,860 Joined:Aug 2008	Message Posted: Jan 12, 2011 10:07:49 PM Ignore Maintroll Report Abuse Who in reality really cares what this report says?
Tundralimited2009 Champion Author Dallas Posts:38,812 Points:1,447,425 Joined:Feb 2009	Message Posted: Jan 12, 2011 10:06:46 PM Ignore Tundralimited2009 Report Abuse Worldwide competition
onegiraffeAL Champion Author Alabama Posts:1,020 Points:435,500 Joined:Jan 2010	Message Posted: Jan 12, 2011 10:05:21 PM Ignore onegiraffeAL Report Abuse Another blah blah article.
hubcapLA Champion Author Louisiana Posts:3,905 Points:940,435 Joined:Apr 2009	Message Posted: Jan 12, 2011 10:04:43 PM Ignore hubcapLA Report Abuse Consider the source
BobD2009 Champion Author Long Island Posts:7,124 Points:1,266,510 Joined:Apr 2009	Message Posted: Jan 12, 2011 10:02:59 PM Ignore BobD2009 Report Abuse Another useless D.O.E. report, our tax dollars at work.
LoneGuy Champion Author Lansing Posts:8,610 Points:2,343,745 Joined:Aug 2005	Message Posted: Jan 12, 2011 10:02:48 PM Ignore LoneGuy Report Abuse With an increase in gas supplies we would expect prices to back off a bit. Still selling into a down economy no matter what the gvt says.
jadeusa Champion Author Dallas Posts:9,480 Points:1,850,740 Joined:Sep 2005	Message Posted: Jan 12, 2011 10:02:36 PM Ignore jadeusa Report Abuse Decreased, increased, & all that I know is price at the pump is way up.
N5EXY Champion Author Austin Posts:5,629 Points:1,536,805 Joined:Jul 2004	Message Posted: Jan 12, 2011 10:01:23 PM Ignore N5EXY Report Abuse Garbage, but it is worth 45 points.
Prodaddy Champion Author Houston Posts:8,511 Points:1,921,810 Joined:May 2007	Message Posted: Jan 12, 2011 9:55:08 PM Ignore Prodaddy Report Abuse Nothing suprising here
texasvet Champion Author Texas Posts:3,886 Points:364,140 Joined:Jul 2009	Message Posted: Jan 12, 2011 9:54:51 PM Ignore texasvet Report Abuse Doesn't matter what the inventories are, within reason. Prices are still going to go up as the dollar gets weaker. It's called "inflation".
saveongasNC Champion Author North Carolina Posts:4,407 Points:1,094,015 Joined:Aug 2008	Message Posted: Jan 12, 2011 9:52:30 PM Ignore saveongasNC Report Abuse Glad pipe line is fixed!!!
Jeepmon All-Star Author San Jose Posts:941 Points:1,328,950 Joined:Jul 2006	Message Posted: Jan 12, 2011 9:52:27 PM Ignore Jeepmon Report Abuse ````this is only worth clicking on to get my daily points.. CLICK poof..````` LOL
unicornpmb Champion Author Buffalo Posts:8,626 Points:1,656,240 Joined:Sep 2005	Message Posted: Jan 12, 2011 9:52:16 PM Ignore unicornpmb Report Abuse Can't wait until next weeks report.
ysmc Champion Author Providence Posts:10,698 Points:2,045,595 Joined:Apr 2007	Message Posted: Jan 12, 2011 9:52:00 PM Ignore ysmc Report Abuse East Coast refineries operated at 65.7% of theor available capacity...once again the lowest in the nation/ Doesn;t that tell anyone that either: 1. siugnificant conservation is taken place, more than they want to admit or 2. they are producing less out of greed as another excuse to raise the price and screw the East Coast residents.