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PD Moderator	Message Posted: Oct 13, 2011 1:09:27 PM Ignore PD Report Abuse The Energy Information Administration released its weekly report on the condition of petroleum inventories in the United States today. Here are some highlights: CRUDE INVENTORIES: Crude oil inventories increased by 1.3 million barrels to a total of 337.6 million barrels. At 337.6 million barrels, inventories are 22.9 million barrels below last year (-6.4%) and are in the upper limit of the average range. GASOLINE INVENTORIES: Gasoline inventories decreased by 4.1 million barrels to 209.6 million barrels. At 209.6 million barrels, inventories are now 8.6 million barrels, or 3.9% lower than last year (last week that number was 2.8% lower). Here's how individual regions and their gasoline inventory fared... Visit GasBuddy Blog for full article

Moderator

Message Posted: Oct 13, 2011 1:09:27 PM

Ignore PD Report Abuse

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

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased by 1.3 million barrels to a total of 337.6 million barrels. At 337.6 million barrels, inventories are 22.9 million barrels below last year (-6.4%) and are in the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 4.1 million barrels to 209.6 million barrels. At 209.6 million barrels, inventories are now 8.6 million barrels, or 3.9% lower than last year (last week that number was 2.8% lower). Here's how individual regions and their gasoline inventory fared...

Visit GasBuddy Blog for full article

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krsd Rookie Author Detroit Posts:3 Points:4,635 Joined:Oct 2011	Message Posted: Oct 17, 2011 8:31:32 PM Ignore krsd Report Abuse Just a cover up for GREED
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Oct 15, 2011 7:20:08 AM Ignore honda0105 Report Abuse part of the high prices at the pump comes from the high corn prices. And now China is falling short of their corn growing amounts, which means, the US and others will export corn to China, making EtOH even more expensive. Add to that the fact that Pig Oil gets $6 billion in subsidies that are pocketed and not paid back in lower prices, and you know we're getting it from all sides.
nervous Sophomore Author Ventura Posts:221 Points:4,545 Joined:Oct 2010	Message Posted: Oct 14, 2011 10:48:33 AM Ignore nervous Report Abuse whole sale gasoline was @$2.54+/- and has come back up to $2.80 in just days. the gas station on the corner never made it to $3.50 a gal in so-cal (add a dollar to whole sale in Ca.) it only made it to $3.62 then has risen +$0.06 in just 2 days. the fellow from dutch shell (ret. ceo) said $5 a gal. next year. the energy plan or what energy plan from washington is non existance. i hope all of you that use oil for winter have saved some $$$$ for winter. 10%+ increase in cost.
N5EXY Champion Author Austin Posts:5,497 Points:1,511,355 Joined:Jul 2004	Message Posted: Oct 14, 2011 1:04:18 AM Ignore N5EXY Report Abuse EIA? DOE? DOH!
leraar2 Champion Author Massachusetts Posts:3,769 Points:788,655 Joined:Mar 2011	Message Posted: Oct 14, 2011 12:20:18 AM Ignore leraar2 Report Abuse prices up at least 5 cents in mass.
jjfisher All-Star Author Toledo Posts:547 Points:749,460 Joined:Aug 2008	Message Posted: Oct 14, 2011 12:14:08 AM Ignore jjfisher Report Abuse Who do you believe anymore?
TheeRedRam Champion Author Hartford Posts:3,168 Points:673,610 Joined:Jun 2011	Message Posted: Oct 14, 2011 12:04:15 AM Ignore TheeRedRam Report Abuse It is all about the mighty Dollar
DustyHorse Champion Author Virginia Posts:6,090 Points:1,392,330 Joined:Oct 2008	Message Posted: Oct 13, 2011 11:56:21 PM Ignore DustyHorse Report Abuse Why are gasoline inventories decreasing? Sounds like market manipulation.
EcoVore Champion Author Los Angeles Posts:3,538 Points:728,775 Joined:Jun 2008	Message Posted: Oct 13, 2011 11:54:27 PM Ignore EcoVore Report Abuse Crummy news for us motorists. DOE & Obama's cronies positioning for their socialist subterfuge.
29ModelA Champion Author Knoxville Posts:9,635 Points:674,050 Joined:May 2004	Message Posted: Oct 13, 2011 11:53:37 PM Ignore 29ModelA Report Abuse Gas jumped $0.10/Gal over night.....never comes down like that....they just keep screwing us every which way they can
Canucktree Champion Author Alberta Posts:4,901 Points:1,021,600 Joined:Dec 2008	Message Posted: Oct 13, 2011 11:53:31 PM Ignore Canucktree Report Abuse Wheel see!
traindude Champion Author Virginia Beach Posts:5,624 Points:1,496,605 Joined:Jun 2007	Message Posted: Oct 13, 2011 11:51:05 PM Ignore traindude Report Abuse specujibberish
SparkieMi Champion Author Kalamazoo Posts:3,266 Points:589,360 Joined:Sep 2011	Message Posted: Oct 13, 2011 11:50:01 PM Ignore SparkieMi Report Abuse They raise the price when ever they feel like it...
RoadRover Champion Author Jacksonville Posts:2,853 Points:405,415 Joined:May 2004	Message Posted: Oct 13, 2011 11:47:09 PM Ignore RoadRover Report Abuse OH, so what you're saying is It's in the upper stages of the lowest amounts for the past year, or maybe two years. American people you'll be glad to hear that gas prices will continue to fluctuate in the near and long term periods. (Did you get all of the BS?) Same thing they are saying. ***Besides we all know OIL and Gas Pricing is NOT BASED upon Supply and Demand any more. It's based in accurate & inaccurate Price Speculation, News, (Whether accurate or Not, & Fixation. Enjoy the "FOG IN PRINT" Each article like this should have a Disclaimer at the bottom: "Of course, anything we print, (in this article), is not meant to mean anything. It's just for your enjoyment and to make sure you don't forget how to READ!!"
tomok Champion Author Portland Posts:33,044 Points:2,346,485 Joined:Aug 2006	Message Posted: Oct 13, 2011 11:46:46 PM Ignore tomok Report Abuse Crude oil inventories increased, Gasoline inventories decreased, Distillate inventories decreased and Refinery utilization drop 3.5%. Refineries generally operated at less than maximum levels but Canadian and Gulf coast oil refineries operated at higher utilization runs with cheaper crude oil. Total oil stocks in the US are down. Big oil and U.S. refineries continue to ‘export’ fuel for additional profits. The price of fuel at the pump is ‘still’ too high!
Holly123 Champion Author Charlotte Posts:3,207 Points:791,185 Joined:Dec 2010	Message Posted: Oct 13, 2011 11:46:07 PM Ignore Holly123 Report Abuse Blah blah blah. I hate statistics.
rnlunder Champion Author Waco Posts:2,321 Points:496,125 Joined:Apr 2011	Message Posted: Oct 13, 2011 11:44:30 PM Ignore rnlunder Report Abuse It still means nothing to me or the average American.
Rednix Champion Author Miami Posts:6,158 Points:1,276,485 Joined:Jul 2009	Message Posted: Oct 13, 2011 11:43:05 PM Ignore Rednix Report Abuse We need to build up those reserves.
915Chief Champion Author San Antonio Posts:6,091 Points:1,226,295 Joined:Aug 2008	Message Posted: Oct 13, 2011 11:39:35 PM Ignore 915Chief Report Abuse it means higher prices
wyvonne All-Star Author Chicago Posts:754 Points:307,330 Joined:May 2011	Message Posted: Oct 13, 2011 11:36:40 PM Ignore wyvonne Report Abuse Okay
bonzoonfmb Champion Author Florida Posts:1,787 Points:645,560 Joined:Feb 2010	Message Posted: Oct 13, 2011 11:36:32 PM Ignore bonzoonfmb Report Abuse How many barrels are at places where we can't get them physically to where we need them or don't have the facilities to refine them?
Gas Thirsty Champion Author Los Angeles Posts:4,877 Points:3,228,570 Joined:Mar 2003	Message Posted: Oct 13, 2011 11:35:14 PM Ignore Gas Thirsty Report Abuse So will gas prices go up or down?
SpankyMI Champion Author Kalamazoo Posts:2,713 Points:760,255 Joined:Jan 2011	Message Posted: Oct 13, 2011 11:32:50 PM Ignore SpankyMI Report Abuse Who pays for the EIA? the tax payers, or the petroleum companies?
Blue48 Champion Author Illinois Posts:7,310 Points:1,638,920 Joined:Feb 2007	Message Posted: Oct 13, 2011 11:31:22 PM Ignore Blue48 Report Abuse ZZZZZZZZZ!
hank1326 Champion Author Los Angeles Posts:8,914 Points:1,734,560 Joined:Jun 2008	Message Posted: Oct 13, 2011 11:29:57 PM Ignore hank1326 Report Abuse Time will tell the truth.
f250dieselrat All-Star Author Florida Posts:671 Points:288,395 Joined:May 2011	Message Posted: Oct 13, 2011 11:29:40 PM Ignore f250dieselrat Report Abuse more reports...
yvonneIL Champion Author Chicago Posts:3,724 Points:739,100 Joined:Apr 2011	Message Posted: Oct 13, 2011 11:28:24 PM Ignore yvonneIL Report Abuse OK
Archangel00 Champion Author Mississippi Posts:1,697 Points:351,995 Joined:Feb 2011	Message Posted: Oct 13, 2011 11:28:02 PM Ignore Archangel00 Report Abuse yaaaaawwwwwwwwwwwnnnnnnnn
mstearno Champion Author Dayton Posts:8,071 Points:1,732,210 Joined:Jan 2008	Message Posted: Oct 13, 2011 11:27:04 PM Ignore mstearno Report Abuse it means perry and bachman are right drill here drill now
southrob Champion Author Tucson Posts:3,600 Points:688,175 Joined:Mar 2011	Message Posted: Oct 13, 2011 11:26:05 PM Ignore southrob Report Abuse it would help the economy if we drilled here and now
dchiou Champion Author San Jose Posts:2,826 Points:793,965 Joined:Feb 2007	Message Posted: Oct 13, 2011 11:26:00 PM Ignore dchiou Report Abuse hmm
puckster5 All-Star Author Toronto Posts:923 Points:832,375 Joined:Jun 2005	Message Posted: Oct 13, 2011 11:24:35 PM Ignore puckster5 Report Abuse its like a yo-yo
Bleeder Champion Author Virginia Posts:8,038 Points:1,700,375 Joined:Jan 2008	Message Posted: Oct 13, 2011 11:23:29 PM Ignore Bleeder Report Abuse Not a very useful report as far as I am concerned.
gasman50 Champion Author Portland Posts:8,849 Points:2,410,460 Joined:Nov 2005	Message Posted: Oct 13, 2011 11:19:01 PM Ignore gasman50 Report Abuse UP, down.... Who really knows
tippybuddy Champion Author Ontario Posts:1,523 Points:207,740 Joined:Feb 2011	Message Posted: Oct 13, 2011 11:18:27 PM Ignore tippybuddy Report Abuse my step son tried to tell me stuff like this wasn't or isn't speculaters...I told him of course it is
sipper85 Champion Author Worcester Posts:1,055 Points:1,015,285 Joined:Oct 2006	Message Posted: Oct 13, 2011 11:16:40 PM Ignore sipper85 Report Abuse Of course rational logic does not work here, the Speculators are driving this!
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Oct 13, 2011 11:15:41 PM Ignore frostyWV Report Abuse ok
commins Champion Author Riverside Posts:2,003 Points:1,056,755 Joined:Feb 2009	Message Posted: Oct 13, 2011 11:14:30 PM Ignore commins Report Abuse It just doesn't add up
wulf2000 Champion Author Miami Posts:3,032 Points:1,390,055 Joined:May 2005	Message Posted: Oct 13, 2011 11:13:41 PM Ignore wulf2000 Report Abuse Strategic petroleum reserve still down.
SandeeC Champion Author Ontario Posts:2,993 Points:460,705 Joined:Apr 2011	Message Posted: Oct 13, 2011 11:10:47 PM Ignore SandeeC Report Abuse Inventories and prices just don't jive up.
knot2swift Champion Author Calgary Posts:4,388 Points:697,955 Joined:Nov 2009	Message Posted: Oct 13, 2011 11:05:23 PM Ignore knot2swift Report Abuse Yes I noticed that. Gas is a mere 15 cents a litre less from it's peak in the spring when oil was $114.Down a whole 8% while oil is down about 25%.
bby Champion Author Twin Cities Posts:5,729 Points:1,022,895 Joined:Nov 2009	Message Posted: Oct 13, 2011 11:01:19 PM Ignore bby Report Abuse this is not fair.
woodeye55 Champion Author Gary Posts:7,367 Points:1,858,045 Joined:Mar 2006	Message Posted: Oct 13, 2011 10:56:09 PM Ignore woodeye55 Report Abuse gas went up $.28 in one day.
rtw777 Champion Author Florida Posts:9,401 Points:1,842,970 Joined:Jan 2008	Message Posted: Oct 13, 2011 10:46:54 PM Ignore rtw777 Report Abuse Gasoline went up .11c in two days.
TelsaOR Champion Author Oregon Posts:3,566 Points:733,965 Joined:Jan 2011	Message Posted: Oct 13, 2011 10:43:26 PM Ignore TelsaOR Report Abuse And gas prices are going back up.
NorthglennBill Champion Author Denver Posts:7,432 Points:1,473,145 Joined:Oct 2008	Message Posted: Oct 13, 2011 10:43:18 PM Ignore NorthglennBill Report Abuse Nobody wants to sell oil when the price is at $78 a barrel. There will probably an increasein inventories this week now that the price is back up at or above $85 a barrel.
nigelb Champion Author Virginia Posts:8,460 Points:1,391,755 Joined:Feb 2008	Message Posted: Oct 13, 2011 10:42:05 PM Ignore nigelb Report Abuse "...the U.S. exported 336,000bpd of gasoline and 881,000bpd of distillates. In total, U.S. refineries exported 2.5 million barrels per DAY of oil and products!" Notice that! Why drill, drill, drill is NOT the answer and will not lower pump prices!
76chevy Champion Author Toledo Posts:3,992 Points:770,140 Joined:Jun 2010	Message Posted: Oct 13, 2011 10:39:35 PM Ignore 76chevy Report Abuse It's getting hard to support their habit.....of taking our money.
altima2008 Champion Author Philadelphia Posts:8,165 Points:1,737,990 Joined:Apr 2008	Message Posted: Oct 13, 2011 10:33:23 PM Ignore altima2008 Report Abuse Another report to help raise prices at the pumps!
hwnguy Champion Author Honolulu Posts:3,845 Points:1,388,240 Joined:Apr 2008	Message Posted: Oct 13, 2011 10:31:45 PM Ignore hwnguy Report Abuse Refineries are the bottleneck now.