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PD Moderator	Message Posted: Oct 14, 2010 8:22:26 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 0.4 million barrels to a total of 360.5 million barrels. At 360.5 million barrels, inventories are 22.8 million barrels above last year (6.7%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma were unchanged at 35.1 million barrels this week. Gasoline inventories decreased 1.8 million barrels to 218.2 million barrels. At 218.2 million barrels, inventories are now 9.0 million barrels, or 4.3% higher than last year (last week that number was 5.6% higher). Decreases were seen on the East Coast (-1.6mb) and... Visit GasBuddy Blog for full article

Moderator

Message Posted: Oct 14, 2010 8:22:26 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 0.4 million barrels to a total of 360.5 million barrels. At 360.5 million barrels, inventories are 22.8 million barrels above last year (6.7%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma were unchanged at 35.1 million barrels this week.

Gasoline inventories decreased 1.8 million barrels to 218.2 million barrels. At 218.2 million barrels, inventories are now 9.0 million barrels, or 4.3% higher than last year (last week that number was 5.6% higher). Decreases were seen on the East Coast (-1.6mb) and...

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honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Oct 17, 2010 9:37:34 AM Ignore honda0105 Report Abuse down? glad it's going down SOMEwhere... it's still going up around here.
tomok Champion Author Portland Posts:33,589 Points:2,373,210 Joined:Aug 2006	Message Posted: Oct 16, 2010 2:03:01 PM Ignore tomok Report Abuse Crude oil inventories decreased by 0.4 million barrels Gasoline inventories decreased 1.8 million barrels Distillate inventories decreased by 0.3 million barrels Refinery utilization decreased to 83.1% Production of ethanol decreased to 87,000 barrels per day And the fuel price at the pump continues to be too high! There is NO supply and demand in process here.
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Oct 16, 2010 5:43:43 AM Ignore honda0105 Report Abuse curlypooh: you might want to check your price quote. November 2008 the gas prices were just starting to come down the incredible near $5/gallon gas. I have not seen a lot of times where gas went under 1.50 in the past 5 years.
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Oct 16, 2010 5:39:53 AM Ignore honda0105 Report Abuse katmandue: Glad it went down SOMEwhere. It's still up, up, up, up and up here.
katmandue Champion Author Detroit Posts:8,207 Points:2,161,690 Joined:Jul 2006	Message Posted: Oct 15, 2010 4:05:42 AM Ignore katmandue Report Abuse Finally gas has gone down here not as much as it went up though.
hybridaholic Champion Author Appleton Posts:8,505 Points:1,583,515 Joined:Dec 2008	Message Posted: Oct 15, 2010 3:45:53 AM Ignore hybridaholic Report Abuse Why bombard us with this. It doesn't matter what oil is doing, which is probably rising, as gas just keeps going out.
curlypooh Champion Author New Jersey Posts:11,333 Points:2,033,495 Joined:Apr 2007	Message Posted: Oct 15, 2010 3:42:20 AM Ignore curlypooh Report Abuse $3 gas. Thanks OBOMBUS, it was $1.29 when you took office. More of your lousy "change". It stinks. VOTE AMERICA
JoJoQc Champion Author Montreal Posts:5,336 Points:1,040,155 Joined:May 2010	Message Posted: Oct 15, 2010 3:40:28 AM Ignore JoJoQc Report Abuse Humm old news!
nb52 Champion Author Grand Rapids Posts:7,920 Points:1,574,550 Joined:Nov 2008	Message Posted: Oct 15, 2010 3:38:45 AM Ignore nb52 Report Abuse Ah good another worthless report form a government agency....the ultimate BUREAUCRACY.
abuck Champion Author Pittsburgh Posts:8,720 Points:1,555,750 Joined:Jul 2008	Message Posted: Oct 15, 2010 3:37:59 AM Ignore abuck Report Abuse so prices will jump
fordfan1 Champion Author Indiana Posts:9,232 Points:1,918,715 Joined:Jul 2007	Message Posted: Oct 15, 2010 3:37:23 AM Ignore fordfan1 Report Abuse Not good news again and I see that the refineries and speculators are in cahoots again. The refineries have cut production way back and have helped drive the prices for oil and gas back up!
bridgerunner Champion Author Virginia Posts:4,922 Points:1,033,560 Joined:Jul 2009	Message Posted: Oct 15, 2010 3:36:49 AM Ignore bridgerunner Report Abuse Drill, Baby, Drill.
gamalerin Champion Author Tampa Posts:4,882 Points:1,020,010 Joined:Jul 2010	Message Posted: Oct 15, 2010 3:36:43 AM Ignore gamalerin Report Abuse old report.
speedys Champion Author Utah Posts:7,152 Points:2,585,610 Joined:Nov 2005	Message Posted: Oct 15, 2010 3:34:08 AM Ignore speedys Report Abuse The same old report.
RoadhogMA Champion Author Boston Posts:4,864 Points:1,026,325 Joined:Dec 2008	Message Posted: Oct 15, 2010 3:33:13 AM Ignore RoadhogMA Report Abuse Do you believe the government ?
rogerparry Champion Author Florida Posts:9,700 Points:1,944,130 Joined:Jan 2008	Message Posted: Oct 15, 2010 3:32:58 AM Ignore rogerparry Report Abuse The inventory levels are still above last year's levels and the prices are climbing. This is nuts.
rare Veteran Author Detroit Posts:335 Points:459,950 Joined:Aug 2002	Message Posted: Oct 15, 2010 3:32:54 AM Ignore rare Report Abuse reports reports reports.....
WonderfulMI Champion Author Michigan Posts:11,802 Points:1,814,590 Joined:Jun 2008	Message Posted: Oct 15, 2010 3:32:44 AM Ignore WonderfulMI Report Abuse All this information is good to know.
slgas Champion Author Houston Posts:6,165 Points:1,590,015 Joined:Oct 2008	Message Posted: Oct 15, 2010 3:30:13 AM Ignore slgas Report Abuse I 'm not very interested in daily price changes, just trends. We need to enjoy todays low prices, because they certainly won't be low for too many more years.
bikechuck Champion Author Indianapolis Posts:7,153 Points:2,090,820 Joined:Apr 2006	Message Posted: Oct 15, 2010 3:28:10 AM Ignore bikechuck Report Abuse That's all DOE is good for-- reports. They had a mandate to make us energy independent, so much for that goal.
silverfox63 Champion Author Michigan Posts:8,247 Points:1,636,490 Joined:Oct 2008	Message Posted: Oct 15, 2010 3:27:48 AM Ignore silverfox63 Report Abuse You cannot believe anything the DOE tells you or any other government agency.
DrZNY Champion Author Albany Posts:2,679 Points:837,335 Joined:Jan 2009	Message Posted: Oct 15, 2010 3:26:35 AM Ignore DrZNY Report Abuse All a bunch of BS.
Ringmaster2008 Champion Author Ontario Posts:7,718 Points:1,184,735 Joined:Apr 2008	Message Posted: Oct 15, 2010 3:24:45 AM Ignore Ringmaster2008 Report Abuse And the price at the pump will still go up.
skippypa Champion Author Hawaii Posts:8,611 Points:1,767,655 Joined:Jun 2008	Message Posted: Oct 15, 2010 3:23:19 AM Ignore skippypa Report Abuse OK so now the speculators have more reason to raise the price of oil.
cv Champion Author Raleigh Posts:15,349 Points:3,294,280 Joined:Oct 2003	Message Posted: Oct 15, 2010 3:22:56 AM Ignore cv Report Abuse All this means is higher gas prices......we have heard this over and over again.
rjd1608 Champion Author Toledo Posts:5,501 Points:1,957,705 Joined:Aug 2003	Message Posted: Oct 15, 2010 3:22:11 AM Ignore rjd1608 Report Abuse ok
TerryLee Champion Author Ohio Posts:14,600 Points:2,790,150 Joined:Mar 2004	Message Posted: Oct 15, 2010 3:18:09 AM Ignore TerryLee Report Abuse They are in the back pocket of Big Oil
fullauto Champion Author Reading Posts:5,425 Points:1,492,940 Joined:Apr 2008	Message Posted: Oct 15, 2010 3:18:06 AM Ignore fullauto Report Abuse no sense
fillerupyeoww Champion Author Columbus Posts:6,013 Points:1,676,900 Joined:Mar 2008	Message Posted: Oct 15, 2010 3:17:28 AM Ignore fillerupyeoww Report Abuse They can make numbers do anything they want... doesn't mean anything.
jadeusa Champion Author Dallas Posts:9,485 Points:1,851,715 Joined:Sep 2005	Message Posted: Oct 15, 2010 3:16:53 AM Ignore jadeusa Report Abuse Takes out some of the reasoning for the latest increases in prices at the pump. Weak dollar and speculation are the main culprits.
AvantiMick Champion Author Indiana Posts:12,880 Points:2,570,205 Joined:Dec 2005	Message Posted: Oct 15, 2010 3:15:49 AM Ignore AvantiMick Report Abuse From the Government we DO NOT TRUST!?!?!
1Casey Champion Author Albany Posts:6,635 Points:1,811,150 Joined:Jun 2004	Message Posted: Oct 15, 2010 3:11:15 AM Ignore 1Casey Report Abuse All $peculation.
subnuke Champion Author Atlanta Posts:7,623 Points:1,535,190 Joined:Sep 2008	Message Posted: Oct 15, 2010 3:10:40 AM Ignore subnuke Report Abuse old news
Hunter724 Champion Author New Hampshire Posts:8,257 Points:1,673,550 Joined:Sep 2008	Message Posted: Oct 15, 2010 3:07:55 AM Ignore Hunter724 Report Abuse That is what is wrong with having speculators in the energy market...
KM6SX Veteran Author California Posts:383 Points:292,965 Joined:Jan 2010	Message Posted: Oct 15, 2010 3:07:37 AM Ignore KM6SX Report Abuse The government is getting their cut so why would they care if we the people are getting screwed
neptune2008 Champion Author Michigan Posts:8,711 Points:1,697,200 Joined:Aug 2008	Message Posted: Oct 15, 2010 3:04:45 AM Ignore neptune2008 Report Abuse "doe"!! homer simpson
gasandgoAL Champion Author Alabama Posts:7,293 Points:1,617,365 Joined:Sep 2008	Message Posted: Oct 15, 2010 3:01:02 AM Ignore gasandgoAL Report Abuse there is no reason to care anymore.
xantrani Veteran Author Maryland Posts:422 Points:106,455 Joined:Jan 2010	Message Posted: Oct 15, 2010 3:00:32 AM Ignore xantrani Report Abuse gee, when they stop refining it, inventories decrease. go figure.
UseLessGasFolks Champion Author Iowa Posts:5,586 Points:1,323,550 Joined:Jul 2007	Message Posted: Oct 15, 2010 2:57:03 AM Ignore UseLessGasFolks Report Abuse It seems like there should be a better way. Actually if I had my way gas would be 10 bucks a gallon, only then would the selfish majority of us Americans get serious about conservation. I am in a car pool and I drive a hybrid so $10 gas would not hurt too much.
ILVET Champion Author Illinois Posts:14,934 Points:2,953,015 Joined:Jan 2005	Message Posted: Oct 15, 2010 2:54:34 AM Ignore ILVET Report Abuse Prices will rise
JCUBE Champion Author Michigan Posts:8,726 Points:1,942,920 Joined:Aug 2003	Message Posted: Oct 15, 2010 2:51:43 AM Ignore JCUBE Report Abuse DOE another goobermunt offisse of misinformation..a speculators paradise.
NJColt Champion Author New Jersey Posts:12,765 Points:2,670,235 Joined:Aug 2005	Message Posted: Oct 15, 2010 2:50:17 AM Ignore NJColt Report Abuse And the only reason for increases are speculators hedging on the commodities once again. Trickle down from government not doing its jobs.
bigsranch Champion Author Houston Posts:3,282 Points:1,032,205 Joined:Apr 2007	Message Posted: Oct 15, 2010 2:47:00 AM Ignore bigsranch Report Abuse Yes, it looks like the gas price increase is mostly due to the dollar sucking, not due to supply & demand issues.
tc316 Champion Author Twin Cities Posts:10,926 Points:1,754,555 Joined:Apr 2007	Message Posted: Oct 15, 2010 2:44:46 AM Ignore tc316 Report Abuse Tax dollars at work
Bill100 Champion Author Grand Rapids Posts:41,741 Points:1,190,320 Joined:Jan 2010	Message Posted: Oct 15, 2010 2:38:07 AM Ignore Bill100 Report Abuse This is to help justify the higher prices of late.
bigreddwg Champion Author Tampa Posts:5,002 Points:1,050,605 Joined:Nov 2005	Message Posted: Oct 15, 2010 2:35:14 AM Ignore bigreddwg Report Abuse JUST ANOTHER GOVERNMENT REPORT THAT IS FULL OF JIBBERISH!! LAWYERS MADE UP THE REPORTS AND ONLY THEY CAN UNDERTAND IT!!
cheapertvs Champion Author Richmond Posts:10,430 Points:2,769,420 Joined:Jan 2004	Message Posted: Oct 15, 2010 2:31:04 AM Ignore cheapertvs Report Abuse Inventory stocks for oil, gasoline and diesel fuel are still far higher than the levels required. Indeed, these stocks could drop further without appreciable resultant effect. Our issues are with the value of the US Dollar versus other currencies. Have you noticed how high the price at the pump has become over the last three weeks?
harleydoctor Champion Author Kansas Posts:7,485 Points:1,956,285 Joined:Sep 2005	Message Posted: Oct 15, 2010 2:29:56 AM Ignore harleydoctor Report Abuse I don't believe everything I read.........
vamike Champion Author Virginia Posts:5,446 Points:1,391,750 Joined:Dec 2008	Message Posted: Oct 15, 2010 2:27:02 AM Ignore vamike Report Abuse Just what we need: more excuses for higher prices.
bobdec Champion Author Miami Posts:9,104 Points:1,797,520 Joined:May 2008	Message Posted: Oct 15, 2010 2:20:03 AM Ignore bobdec Report Abuse DOE reports like all government reports are not to be believed