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PD Moderator	Message Posted: Aug 24, 2011 2:17:42 PM 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 351.8 million barrels. At 351.8 million barrels, inventories are above the upper limit of the average range for this time of year. Supply at NYMEX delivery point, Cushing, Oklahoma fell slightly from 33.68 million barrels to 33.66 million barrels this week. Gasoline inventories increased from 210.1 million barrels to 211.4 million barrels. At 211.4 million barrels, inventories are now 6.3% lower than last year. Inventory levels declined in the Midwest and West coast while they increased in the... Visit GasBuddy Blog for full article

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Message Posted: Aug 24, 2011 2:17:42 PM

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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 351.8 million barrels. At 351.8 million barrels, inventories are above the upper limit of the average range for this time of year. Supply at NYMEX delivery point, Cushing, Oklahoma fell slightly from 33.68 million barrels to 33.66 million barrels this week.

Gasoline inventories increased from 210.1 million barrels to 211.4 million barrels. At 211.4 million barrels, inventories are now 6.3% lower than last year. Inventory levels declined in the Midwest and West coast while they increased in the...

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BurtB Champion Author Los Angeles Posts:5,373 Points:1,389,845 Joined:Jun 2006	Message Posted: Sep 7, 2011 12:36:29 AM Ignore BurtB Report Abuse http://www.johnmauldin.com/outsidethebox/things-that-make-you-go-hmmm/ and so it was that 'the oil price' gradually became less about the little town in Oklahoma with a population of 9,596 and more about the real world price: and that meant Brent. ... It is notable that when people talk about oil having hit its 'highs' of $140 back in 2008 and now trading almost 40% lower they are referring to the price of WTI, which has tumbled back into the $80s, but both Argus Sour Crude (left, top) and the more ubiquitous Brent Crude (left, middle) contracts are still trading within shouting distance of their lifetime highs.
DrCashFlow Champion Author Massachusetts Posts:7,204 Points:1,654,785 Joined:Jun 2008	Message Posted: Aug 26, 2011 2:46:05 AM Ignore DrCashFlow Report Abuse noise
runway12 Champion Author Tacoma Posts:3,139 Points:607,975 Joined:Aug 2008	Message Posted: Aug 25, 2011 12:41:56 PM Ignore runway12 Report Abuse Summer to winter switch over already?
FPLREP Champion Author Virginia Posts:8,401 Points:2,475,810 Joined:Oct 2005	Message Posted: Aug 25, 2011 8:19:24 AM Ignore FPLREP Report Abuse What this report mainly shows is how far the speculators have "Hijacked" the market.
MilestoneMotors All-Star Author Allentown Posts:605 Points:390,345 Joined:Apr 2011	Message Posted: Aug 25, 2011 7:54:58 AM Ignore MilestoneMotors Report Abuse We have been sitting on high supply for over 3 years now on the crude side, and refineries are at minimal utilization for over 3 years now causing an artificially lower refined product side. Nothing more to see here... move along...
ktbaeohana Champion Author Las Vegas Posts:2,417 Points:443,100 Joined:Mar 2010	Message Posted: Aug 25, 2011 3:43:01 AM Ignore ktbaeohana Report Abuse Let's see what next week show.
RENEGADEGAS Champion Author Missouri Posts:15,074 Points:1,619,800 Joined:Jul 2008	Message Posted: Aug 25, 2011 1:51:04 AM Ignore RENEGADEGAS Report Abuse I never trust anything, not one thing from a federal agency of this regime.
judgemobile Champion Author Ohio Posts:7,705 Points:2,472,635 Joined:Nov 2005	Message Posted: Aug 25, 2011 12:12:42 AM Ignore judgemobile Report Abuse gasoline inventories INCREASED, yet we saw an AVERAGE 6.5 cents per gallon INCREASE at the pump today (Wednesday) across NW Ohio. Greed and speculation are the new supply and demand.
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Aug 25, 2011 12:12:27 AM Ignore frostyWV Report Abuse prices went up 12 cents today here. WHY?????????????????? [Edited by: frostyWV at 8/25/2011 12:13:08 AM EST]
Rageagainsttm Champion Author Tampa Posts:8,427 Points:1,928,860 Joined:Jul 2007	Message Posted: Aug 25, 2011 12:09:55 AM Ignore Rageagainsttm Report Abuse Hope that prices fall as they should.
us4usa Champion Author Missouri Posts:6,125 Points:1,138,560 Joined:May 2008	Message Posted: Aug 25, 2011 12:08:35 AM Ignore us4usa Report Abuse Good news the pump prices will fall...
14Ghosty1 All-Star Author Montreal Posts:932 Points:190,000 Joined:Jul 2011	Message Posted: Aug 25, 2011 12:06:03 AM Ignore 14Ghosty1 Report Abuse A waste of time.
NotmeuQc Champion Author Montreal Posts:5,761 Points:1,160,150 Joined:Apr 2009	Message Posted: Aug 25, 2011 12:04:36 AM Ignore NotmeuQc Report Abuse Not exciting.
sammy518 Champion Author Austin Posts:2,589 Points:539,790 Joined:Dec 2010	Message Posted: Aug 25, 2011 12:02:38 AM Ignore sammy518 Report Abuse ok
cehend Champion Author Maryland Posts:1,725 Points:461,525 Joined:Jan 2011	Message Posted: Aug 25, 2011 12:00:38 AM Ignore cehend Report Abuse Interesting.
FlyNFool Champion Author South Carolina Posts:8,384 Points:1,712,900 Joined:Aug 2008	Message Posted: Aug 24, 2011 11:56:40 PM Ignore FlyNFool Report Abuse Low lights.
fullauto Champion Author Reading Posts:5,430 Points:1,493,915 Joined:Apr 2008	Message Posted: Aug 24, 2011 11:51:31 PM Ignore fullauto Report Abuse indian poker.
yonasb Champion Author Houston Posts:3,463 Points:758,000 Joined:Apr 2011	Message Posted: Aug 24, 2011 11:48:39 PM Ignore yonasb Report Abuse Wow
jimgraham Champion Author Akron Posts:10,515 Points:2,008,425 Joined:Oct 2007	Message Posted: Aug 24, 2011 11:45:18 PM Ignore jimgraham Report Abuse The usual drivel.
Gas_Buzzer Champion Author South Carolina Posts:14,274 Points:2,615,240 Joined:Sep 2005	Message Posted: Aug 24, 2011 11:44:53 PM Ignore Gas_Buzzer Report Abuse Over 16,000 employees and this is what they do? LOL
tomok Champion Author Portland Posts:33,605 Points:2,374,185 Joined:Aug 2006	Message Posted: Aug 24, 2011 11:41:23 PM Ignore tomok Report Abuse Crude oil inventories decreased, Gasoline inventories increased, Distillate inventories increased, Refinery utilization increased and Production of ethanol increased. The price of fuel at the pump is ‘still’ too high!
carloco75 Champion Author Richmond Posts:3,854 Points:628,695 Joined:Oct 2010	Message Posted: Aug 24, 2011 11:36:19 PM Ignore carloco75 Report Abuse Blahhhhhhhhhhhhh
darkknight1 Champion Author Winston-Salem Posts:4,480 Points:923,760 Joined:Nov 2010	Message Posted: Aug 24, 2011 11:30:12 PM Ignore darkknight1 Report Abuse Doesn't matter, we're still getting screwed at the pump.
dacofa Champion Author Nevada Posts:5,401 Points:1,174,280 Joined:Jan 2010	Message Posted: Aug 24, 2011 11:27:08 PM Ignore dacofa Report Abuse How about the lowlights.
bcok Champion Author Los Angeles Posts:2,181 Points:1,555,520 Joined:Oct 2005	Message Posted: Aug 24, 2011 11:26:27 PM Ignore bcok Report Abuse Did that release of oil really help anything or just a another flash in the pan remedy?
oldiesman Champion Author New York Posts:6,566 Points:2,221,590 Joined:May 2006	Message Posted: Aug 24, 2011 11:26:13 PM Ignore oldiesman Report Abuse still dropping on some brands.
bettersight Champion Author Oakland Posts:1,116 Points:255,885 Joined:May 2011	Message Posted: Aug 24, 2011 11:24:51 PM Ignore bettersight Report Abuse ok
straz Champion Author Pennsylvania Posts:1,708 Points:540,385 Joined:Jan 2007	Message Posted: Aug 24, 2011 11:24:37 PM Ignore straz Report Abuse Just doesn't add up
Bubba44612 Champion Author Ohio Posts:7,536 Points:1,905,360 Joined:Aug 2005	Message Posted: Aug 24, 2011 11:23:32 PM Ignore Bubba44612 Report Abuse So that is why they raised prices today.
spunky4443 Champion Author Washington Posts:5,311 Points:1,335,945 Joined:May 2005	Message Posted: Aug 24, 2011 11:22:42 PM Ignore spunky4443 Report Abuse I would imagine that there is a lot of Stock pile Oil.
trinda1 Champion Author Fort Worth Posts:2,011 Points:544,795 Joined:Dec 2010	Message Posted: Aug 24, 2011 11:17:08 PM Ignore trinda1 Report Abuse Nothing matters anymore, we just go with the flow.
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Aug 24, 2011 11:05:04 PM Ignore mstearno Report Abuse these are funny
nayla2011 All-Star Author Toronto Posts:587 Points:13,365 Joined:Apr 2011	Message Posted: Aug 24, 2011 11:04:29 PM Ignore nayla2011 Report Abuse more mombojumbo sick of the reasoning, stats, oil this oil that, i think when America gets Libyia's oil they'll be alright.
lesndave Champion Author Texas Posts:3,178 Points:728,855 Joined:May 2011	Message Posted: Aug 24, 2011 11:01:09 PM Ignore lesndave Report Abuse Prices started changing around here yesterday after almost two weeeks of being steady. One station dropped prices snicker while others raised theirs a mickle.......go figure!!!!
f250dieselrat All-Star Author Florida Posts:716 Points:300,100 Joined:May 2011	Message Posted: Aug 24, 2011 10:57:06 PM Ignore f250dieselrat Report Abuse I dont care what they make the #'s work out too..the price isn't in line....
OGW Champion Author London Posts:5,446 Points:1,558,085 Joined:Sep 2005	Message Posted: Aug 24, 2011 10:56:28 PM Ignore OGW Report Abuse It still means little to the public.
M8trix4 Champion Author New York Posts:1,338 Points:659,015 Joined:May 2011	Message Posted: Aug 24, 2011 10:53:47 PM Ignore M8trix4 Report Abuse Finally cracked the $3.70 mark in one town and $3.80 in the neighboring city. Very slow to go down....
grammamNV Champion Author Nevada Posts:2,335 Points:372,425 Joined:Mar 2011	Message Posted: Aug 24, 2011 10:53:26 PM Ignore grammamNV Report Abuse Regular gas is not dropping here, but diesel seems to be 5-6 cents lower-??
mcmonsta Champion Author Honolulu Posts:3,347 Points:845,470 Joined:Sep 2009	Message Posted: Aug 24, 2011 10:52:50 PM Ignore mcmonsta Report Abuse prices till in limbo land but atleast it hasn't gone up
PAborn54 All-Star Author Milwaukee Posts:970 Points:654,775 Joined:May 2009	Message Posted: Aug 24, 2011 10:51:35 PM Ignore PAborn54 Report Abuse The prices I've seen today are higher than yesterday.
carefrey Champion Author Orlando Posts:5,670 Points:1,186,210 Joined:Sep 2009	Message Posted: Aug 24, 2011 10:47:46 PM Ignore carefrey Report Abuse Price hasn't dropped though!
MidNJ Champion Author New Jersey Posts:7,686 Points:1,198,115 Joined:Sep 2009	Message Posted: Aug 24, 2011 9:42:21 PM Ignore MidNJ Report Abuse Wow PD, "Interesting things" are happening in the voting of "newsville" articles and the articles that make it to the top five (5):)!
Venzadriver Champion Author Florida Posts:1,325 Points:366,515 Joined:Dec 2010	Message Posted: Aug 24, 2011 9:24:45 PM Ignore Venzadriver Report Abuse Any excuse to keep prices jacked up.
swrestler Champion Author Grand Rapids Posts:6,279 Points:1,599,730 Joined:Oct 2008	Message Posted: Aug 24, 2011 9:06:52 PM Ignore swrestler Report Abuse This Doesn't Include What We Have In Freighters Sitting Offshore Waiting To Be Processed.....
kame2c Champion Author Portland Posts:5,620 Points:193,725 Joined:Mar 2011	Message Posted: Aug 24, 2011 8:11:29 PM Ignore kame2c Report Abuse The demand is down, though we are still have inventories of 351 million barrels.
brbaritone Champion Author Virginia Posts:2,145 Points:1,724,100 Joined:Jan 2007	Message Posted: Aug 24, 2011 7:40:05 PM Ignore brbaritone Report Abuse Oil inventories are "above the upper limit of the average range for this time of year." Gasoline inventories are "6.3% lower than last year." Hmmm ...
FauntleePhil Sophomore Author Seattle Posts:222 Points:244,620 Joined:May 2011	Message Posted: Aug 24, 2011 7:17:53 PM Ignore FauntleePhil Report Abuse Good to know where our supply stands.
Lugi1967 Champion Author Ohio Posts:4,921 Points:1,029,660 Joined:Jun 2010	Message Posted: Aug 24, 2011 6:56:03 PM Ignore Lugi1967 Report Abuse Oh so that explains the big jump this week?!?!
GasScamp Veteran Author Columbus Posts:268 Points:289,700 Joined:Aug 2011	Message Posted: Aug 24, 2011 6:09:38 PM Ignore GasScamp Report Abuse Still doesn't tell the full story. Lots of other variables...
dpt Champion Author Michigan Posts:2,272 Points:2,214,325 Joined:Mar 2005	Message Posted: Aug 24, 2011 5:26:26 PM Ignore dpt Report Abuse Doesn't explain why prices jumped in the Great Lakes region. A couple of stations in Menominee, MI went up 26 cents. The rest are slightly less ridiculous, but I only saw two stations with no increase in Marinette-Menominee today, and one was already at the new Marinette price.