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PD Moderator	Message Posted: Apr 13, 2011 7:42:41 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 1.6 million barrels to a total of 359.3 million barrels. At 359.3 million barrels, inventories are 5.3 million barrels above last year (1.5%) 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 7.0 million barrels to 209.7 million barrels, likely as they drain the system of winter spec (high RVP) gasoline. At 209.7 million barrels, inventories are now 11.7 million barrels, or 5.3% lower than last year (last week that number... Visit GasBuddy Blog for full article

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Message Posted: Apr 13, 2011 7:42:41 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 1.6 million barrels to a total of 359.3 million barrels. At 359.3 million barrels, inventories are 5.3 million barrels above last year (1.5%) 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 7.0 million barrels to 209.7 million barrels, likely as they drain the system of winter spec (high RVP) gasoline. At 209.7 million barrels, inventories are now 11.7 million barrels, or 5.3% lower than last year (last week that number...

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jtmalone Rookie Author Illinois Posts:21 Points:17,130 Joined:Apr 2011	Message Posted: Apr 26, 2011 10:54:19 AM Ignore jtmalone Report Abuse I couldnt agree with you more Pray4Peace
Pray4Peace Champion Author Massachusetts Posts:2,443 Points:332,055 Joined:Mar 2011	Message Posted: Apr 17, 2011 6:54:43 AM Ignore Pray4Peace Report Abuse That is kewl, "Specutraitors" LOL :D
Pray4Peace Champion Author Massachusetts Posts:2,443 Points:332,055 Joined:Mar 2011	Message Posted: Apr 17, 2011 6:53:19 AM Ignore Pray4Peace Report Abuse These prices are just outrageous and I don't see an end in sight. I last time they went up like this they maxed out at about 4.75 a gallon. I drive for a living and pay for my own gas but with a small stipend that doesn't go up accordingly. Something needs to be done.
theshredguy Champion Author Portland Posts:1,167 Points:230,075 Joined:Dec 2010	Message Posted: Apr 16, 2011 10:47:23 AM Ignore theshredguy Report Abuse And the rich get richer.
theshredguy Champion Author Portland Posts:1,167 Points:230,075 Joined:Dec 2010	Message Posted: Apr 15, 2011 12:05:03 PM Ignore theshredguy Report Abuse Nice, honda. "Specutraitors" :o)
honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Apr 15, 2011 3:13:35 AM Ignore honda0105 Report Abuse once again, specutraitors at their "best."
honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Apr 15, 2011 3:13:10 AM Ignore honda0105 Report Abuse tomok: actually, around here, price got jacked up by about 15 cents. Oh, diesel went from 3.89 to 405 overnight this week and from 3.69 to 4.05 in the past 10 days.
tomok Champion Author Portland Posts:32,965 Points:2,343,560 Joined:Aug 2006	Message Posted: Apr 14, 2011 9:09:39 PM Ignore tomok Report Abuse Crude oil inventories increased, Gasoline inventories decreased, Distillate inventories decreased, Refinery utilization fell, Production ethanol decreased and the price of fuel at the pump is still too high!
theshredguy Champion Author Portland Posts:1,167 Points:230,075 Joined:Dec 2010	Message Posted: Apr 14, 2011 12:15:43 PM Ignore theshredguy Report Abuse It's all about the pump price for most Americans. Inventories don't drive the price.
K9LO Champion Author North Dakota Posts:2,674 Points:542,030 Joined:Nov 2010	Message Posted: Apr 14, 2011 8:50:37 AM Ignore K9LO Report Abuse Don't use gasoline and the oil companies will choke on the oil.
UseLessGasFolks Champion Author Iowa Posts:5,441 Points:1,294,875 Joined:Jul 2007	Message Posted: Apr 13, 2011 10:52:03 PM Ignore UseLessGasFolks Report Abuse The only sure way to save money on gas is to USE LESS GAS!!!!
satrn38mpg Champion Author Raleigh Posts:5,062 Points:1,052,065 Joined:Sep 2009	Message Posted: Apr 13, 2011 10:49:45 PM Ignore satrn38mpg Report Abuse sure increased supply and stable demand causes the sure rise in prices ??
TIGERPAW46 Champion Author Florida Posts:7,120 Points:1,353,810 Joined:Mar 2004	Message Posted: Apr 13, 2011 10:32:30 PM Ignore TIGERPAW46 Report Abuse This is like a broken record.
GAS1251 Champion Author Texas Posts:5,143 Points:1,625,255 Joined:Jun 2008	Message Posted: Apr 13, 2011 10:26:06 PM Ignore GAS1251 Report Abuse So when can we expect the bubble to pop? Gas up again today at the pump
66mustangfb Champion Author Missouri Posts:5,035 Points:863,245 Joined:Nov 2008	Message Posted: Apr 13, 2011 10:17:48 PM Ignore 66mustangfb Report Abuse So there's plenty of oil, and.......
RENEGADEGAS Champion Author Missouri Posts:14,906 Points:1,590,250 Joined:Jul 2008	Message Posted: Apr 13, 2011 10:15:32 PM Ignore RENEGADEGAS Report Abuse Wonder how much this report cost taxpayers? I never trust anything from a federal agency of this administration.
Wombly Veteran Author Milwaukee Posts:254 Points:74,945 Joined:Jul 2010	Message Posted: Apr 13, 2011 10:15:11 PM Ignore Wombly Report Abuse man do i love coming into the automotive world when the gas prices are higher than ever. please go down so we can all enjoy life again.
ysmc Champion Author Providence Posts:10,552 Points:2,020,835 Joined:Apr 2007	Message Posted: Apr 13, 2011 10:14:48 PM Ignore ysmc Report Abuse "Rockies plants ran at 69.3% of their capacity while East Coast plants ran 39.0% of their available capacity." East Coast refineries: 39% of available capacity!!!!!!!!!!!!!!!! I quess there is no where to store their product. If this number is not a mistahe, it is shocking, but great, that conservation is working to decrease use, but sadly, not prices yet. The bubble has to burst.
hubcapLA Champion Author Louisiana Posts:3,905 Points:940,435 Joined:Apr 2009	Message Posted: Apr 13, 2011 10:14:08 PM Ignore hubcapLA Report Abuse DOE is useless another unneeded government agency
DirtDauber Champion Author San Antonio Posts:6,776 Points:1,626,485 Joined:Nov 2005	Message Posted: Apr 13, 2011 10:12:57 PM Ignore DirtDauber Report Abuse More Bull Roar from the Bull Roar people.
vulcan96 Champion Author Ohio Posts:26,894 Points:3,102,680 Joined:Aug 2004	Message Posted: Apr 13, 2011 10:11:42 PM Ignore vulcan96 Report Abuse the DOE has done nothing worthwhile since its inception - get rid of it asap !
grouch311 Champion Author Peoria Posts:6,378 Points:1,572,030 Joined:Jun 2007	Message Posted: Apr 13, 2011 10:10:22 PM Ignore grouch311 Report Abuse still doesn't mean a thing to me
Chitowner Champion Author Omaha Posts:4,258 Points:1,130,040 Joined:Jul 2007	Message Posted: Apr 13, 2011 10:10:21 PM Ignore Chitowner Report Abuse I drive a whole lot less then last year
FrankTA2 Champion Author New York Posts:4,293 Points:1,093,810 Joined:Jun 2007	Message Posted: Apr 13, 2011 10:07:31 PM Ignore FrankTA2 Report Abuse So when are gas prices going down???
N5EXY Champion Author Austin Posts:5,487 Points:1,508,655 Joined:Jul 2004	Message Posted: Apr 13, 2011 10:03:22 PM Ignore N5EXY Report Abuse Another 45 GasBuddy points - - -
jcurley Champion Author California Posts:7,893 Points:1,773,295 Joined:Dec 2007	Message Posted: Apr 13, 2011 9:59:02 PM Ignore jcurley Report Abuse Good comments by GasholeMI and judgemobile. Couldn't have said it better myself.
BBHybrid Champion Author Pittsburgh Posts:6,465 Points:1,294,070 Joined:Aug 2008	Message Posted: Apr 13, 2011 9:57:39 PM Ignore BBHybrid Report Abuse down with speculators...
GasholeMI Champion Author Lansing Posts:10,129 Points:1,716,340 Joined:Jul 2008	Message Posted: Apr 13, 2011 9:57:01 PM Ignore GasholeMI Report Abuse If you think inventories are high now, just keep prices at $4 and above and watch the inventories grow.
judgemobile Champion Author Ohio Posts:7,560 Points:2,443,185 Joined:Nov 2005	Message Posted: Apr 13, 2011 9:53:52 PM Ignore judgemobile Report Abuse these numbers are all but meaningless: GREED and SPECULATION are the new Supply and Demand.
BobD2009 Champion Author Long Island Posts:6,984 Points:1,238,810 Joined:Apr 2009	Message Posted: Apr 13, 2011 9:50:04 PM Ignore BobD2009 Report Abuse We pay more at taxpayer expense.
barajasjse Veteran Author California Posts:336 Points:68,860 Joined:Mar 2011	Message Posted: Apr 13, 2011 9:49:59 PM Ignore barajasjse Report Abuse That's old news!!
goodbuy Champion Author Michigan Posts:7,658 Points:1,420,630 Joined:May 2005	Message Posted: Apr 13, 2011 9:49:08 PM Ignore goodbuy Report Abuse Get rid of DOE and save taxpayer money.
TBONE3 Champion Author Pennsylvania Posts:8,741 Points:1,975,675 Joined:Mar 2005	Message Posted: Apr 13, 2011 9:48:28 PM Ignore TBONE3 Report Abuse Looks like most everything is down except THE PRICE OF FUEL TO THE CONSUMER!
GasHunterIA All-Star Author Iowa Posts:791 Points:485,795 Joined:Feb 2011	Message Posted: Apr 13, 2011 9:48:09 PM Ignore GasHunterIA Report Abuse This report is a repeat.
LanguageMan1 Champion Author Tampa Posts:11,712 Points:1,659,840 Joined:Apr 2008	Message Posted: Apr 13, 2011 9:47:37 PM Ignore LanguageMan1 Report Abuse Ok, so the refiners are producing less gas here at home and importing more gasoline from abroad. Go figure! Crude should be lower so we're still screwed.
bobdec Champion Author Miami Posts:8,959 Points:1,768,845 Joined:May 2008	Message Posted: Apr 13, 2011 9:47:26 PM Ignore bobdec Report Abuse Do not believe any government report, so thios is usless
Rageagainsttm Champion Author Tampa Posts:8,298 Points:1,901,255 Joined:Jul 2007	Message Posted: Apr 13, 2011 9:45:50 PM Ignore Rageagainsttm Report Abuse Never good news here.
REDFINGER Champion Author Montreal Posts:1,380 Points:282,750 Joined:Dec 2010	Message Posted: Apr 13, 2011 9:44:43 PM Ignore REDFINGER Report Abuse Conserve and let us produce our own...
HEBster Champion Author Kentucky Posts:8,778 Points:2,372,075 Joined:May 2006	Message Posted: Apr 13, 2011 9:44:25 PM Ignore HEBster Report Abuse Way up N KY...
WalkingWV Champion Author West Virginia Posts:3,701 Points:778,845 Joined:May 2008	Message Posted: Apr 13, 2011 9:42:23 PM Ignore WalkingWV Report Abuse All the 'conserve more' and 'drill baby drill' folks, read the first paragraph. One station here hit $4.01 this evening, others are $3.89-3.95. Up from $3.59 last week. [Edited by: WalkingWV at 4/14/2011 12:44:56 AM EST]
Toppers Champion Author Atlanta Posts:9,002 Points:2,468,745 Joined:Mar 2005	Message Posted: Apr 13, 2011 9:42:19 PM Ignore Toppers Report Abuse Steady in the ATL...
WalRus49 Champion Author Boston Posts:4,065 Points:866,915 Joined:Nov 2010	Message Posted: Apr 13, 2011 9:40:39 PM Ignore WalRus49 Report Abuse And prices keep going up.... Enough already.....
boatmen Champion Author New York Posts:3,075 Points:621,605 Joined:Jan 2011	Message Posted: Apr 13, 2011 9:38:19 PM Ignore boatmen Report Abuse old news already no change in gas prices
MRED3 Champion Author Jacksonville Posts:4,005 Points:930,050 Joined:May 2009	Message Posted: Apr 13, 2011 9:34:23 PM Ignore MRED3 Report Abuse OK?
Blue48 Champion Author Illinois Posts:7,300 Points:1,636,970 Joined:Feb 2007	Message Posted: Apr 13, 2011 9:33:56 PM Ignore Blue48 Report Abuse HIGHLIGHTS THAT MAKE YOU SLEEP!
Matt G Champion Author Boston Posts:4,523 Points:2,771,090 Joined:Jun 2004	Message Posted: Apr 13, 2011 9:33:29 PM Ignore Matt G Report Abuse Gas inventories went way down
carloco75 Champion Author Richmond Posts:3,711 Points:599,390 Joined:Oct 2010	Message Posted: Apr 13, 2011 9:33:27 PM Ignore carloco75 Report Abuse Sooooo.....why am i still paying 2.50 to dam much?????
rippinusoff Champion Author Lexington Posts:7,393 Points:1,485,825 Joined:May 2007	Message Posted: Apr 13, 2011 9:32:24 PM Ignore rippinusoff Report Abuse doesn't matter, greed is in control
Zonk Champion Author Michigan Posts:6,476 Points:2,101,040 Joined:Oct 2005	Message Posted: Apr 13, 2011 9:31:03 PM Ignore Zonk Report Abuse Inventory position and price/gallon don't follow supply and demand logic.
goalie1950 Champion Author Phoenix Posts:6,400 Points:1,294,470 Joined:Oct 2009	Message Posted: Apr 13, 2011 9:30:37 PM Ignore goalie1950 Report Abuse More useless numbers as gas prices continue to skyrocket.