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PD Moderator	Message Posted: Dec 1, 2010 7:38:19 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 1.1 million barrels to a total of 359.7 million barrels. At 359.7 million barrels, inventories are 19.8 million barrels above last year (5.8%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 0.9 million barrels to 34.5 million barrels this week. Gasoline inventories increased 0.6 million barrels to 210.2 million barrels. At 210.2 million barrels, inventories are now 3.9 million barrels, or 1.8% lower than last year (last week that number was 0.2% lower). Decreases were seen on the East Coast(-0.9mb... Visit GasBuddy Blog for full article

Moderator

Message Posted: Dec 1, 2010 7:38:19 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 1.1 million barrels to a total of 359.7 million barrels. At 359.7 million barrels, inventories are 19.8 million barrels above last year (5.8%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 0.9 million barrels to 34.5 million barrels this week.

Gasoline inventories increased 0.6 million barrels to 210.2 million barrels. At 210.2 million barrels, inventories are now 3.9 million barrels, or 1.8% lower than last year (last week that number was 0.2% lower). Decreases were seen on the East Coast(-0.9mb...

Visit GasBuddy Blog for full article

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DrCashFlow Champion Author Massachusetts Posts:7,074 Points:1,628,200 Joined:Jun 2008	Message Posted: Dec 2, 2010 8:43:53 PM Ignore DrCashFlow Report Abuse ho-hum.
hubcapLA Champion Author Louisiana Posts:3,905 Points:940,435 Joined:Apr 2009	Message Posted: Dec 1, 2010 11:07:49 PM Ignore hubcapLA Report Abuse Consider the source
BoxtheGnat Veteran Author St. Louis Posts:338 Points:240,615 Joined:Feb 2009	Message Posted: Dec 1, 2010 11:02:20 PM Ignore BoxtheGnat Report Abuse Gasoline inventories are up, crude inventories are up & gasoline prices are up. Why? Greed, greed, greed!!!!
rayk Champion Author Twin Cities Posts:2,106 Points:1,245,080 Joined:Mar 2005	Message Posted: Dec 1, 2010 10:59:38 PM Ignore rayk Report Abuse more up down news
carefrey Champion Author Orlando Posts:5,535 Points:1,159,485 Joined:Sep 2009	Message Posted: Dec 1, 2010 10:56:44 PM Ignore carefrey Report Abuse up, up, and away!
9C1 Champion Author Chicago Posts:22,864 Points:4,247,560 Joined:Jul 2001	Message Posted: Dec 1, 2010 10:53:22 PM Ignore 9C1 Report Abuse More fodder for the speculators.
vulcan96 Champion Author Ohio Posts:26,926 Points:3,104,650 Joined:Aug 2004	Message Posted: Dec 1, 2010 10:47:44 PM Ignore vulcan96 Report Abuse then why are the prices so high ????? greed maby
UseLessGasFolks Champion Author Iowa Posts:5,451 Points:1,296,825 Joined:Jul 2007	Message Posted: Dec 1, 2010 10:40:43 PM Ignore UseLessGasFolks Report Abuse Blah blah blah We'll raise your prices anyway Blah blah blah Now it's us you'll have to pay
moremissions200 Champion Author Rhode Island Posts:10,521 Points:2,026,660 Joined:Jan 2007	Message Posted: Dec 1, 2010 10:38:12 PM Ignore moremissions200 Report Abuse same bull
Bruno44 Champion Author Texas Posts:7,080 Points:1,769,170 Joined:Sep 2007	Message Posted: Dec 1, 2010 10:35:57 PM Ignore Bruno44 Report Abuse Here comes the DOE again, still reminds me of the old song, Doe a deer, a female deer... But a female deer is much smarter than govt so-called officials.
mvosevich Champion Author St. Louis Posts:5,489 Points:1,115,410 Joined:Aug 2004	Message Posted: Dec 1, 2010 10:23:29 PM Ignore mvosevich Report Abuse Useless information.
grouch311 Champion Author Peoria Posts:6,378 Points:1,573,905 Joined:Jun 2007	Message Posted: Dec 1, 2010 10:18:30 PM Ignore grouch311 Report Abuse does anyone really care about these figures?
RENEGADEGAS Champion Author Missouri Posts:14,918 Points:1,592,200 Joined:Jul 2008	Message Posted: Dec 1, 2010 10:16:09 PM Ignore RENEGADEGAS Report Abuse Never trust anything from any agency of this administration. They cant even keep our national "secrets" a secret. God help us all and come on January 1st!!
N5EXY Champion Author Austin Posts:5,497 Points:1,511,355 Joined:Jul 2004	Message Posted: Dec 1, 2010 10:11:05 PM Ignore N5EXY Report Abuse Bullshit. All this report is worth is 25 points on gasbuddy.
TBONE3 Champion Author Pennsylvania Posts:8,751 Points:1,977,625 Joined:Mar 2005	Message Posted: Dec 1, 2010 10:04:04 PM Ignore TBONE3 Report Abuse OK!
Z51Corvette Champion Author Austin Posts:8,490 Points:1,672,170 Joined:Jan 2008	Message Posted: Dec 1, 2010 9:59:00 PM Ignore Z51Corvette Report Abuse Don't you mean LOW LITES... DOE should be shot like any DEER! Get rid of them!!!
bobdec Champion Author Miami Posts:8,969 Points:1,770,795 Joined:May 2008	Message Posted: Dec 1, 2010 9:58:56 PM Ignore bobdec Report Abuse These figures are usless and probably lies
jcurley Champion Author California Posts:7,908 Points:1,776,220 Joined:Dec 2007	Message Posted: Dec 1, 2010 9:58:52 PM Ignore jcurley Report Abuse Comments by 10k and runout9 are very funny. 52MPG has the best comment that I've read so far.
TIGERPAW46 Champion Author Florida Posts:7,131 Points:1,356,655 Joined:Mar 2004	Message Posted: Dec 1, 2010 9:56:05 PM Ignore TIGERPAW46 Report Abuse Oil & Gas inventories increased because they shipped more knowing there are more sales this time of the year. However consumption was still less than a year ago, so they oversupplied but still raised prices because they can.
SBlouch Champion Author San Antonio Posts:8,735 Points:1,860,240 Joined:Apr 2007	Message Posted: Dec 1, 2010 9:53:20 PM Ignore SBlouch Report Abuse Same old same news from the weekly DOE highlights.
10k Champion Author North Carolina Posts:21,259 Points:2,254,995 Joined:May 2006	Message Posted: Dec 1, 2010 9:47:54 PM Ignore 10k Report Abuse this crap is like nobama-totally useless-the idiot in chief says no drilling for 7 years ??..let's see him enforce that on his way out the door, after the november 2012 election..
runout9 Champion Author New Jersey Posts:3,240 Points:978,145 Joined:Dec 2008	Message Posted: Dec 1, 2010 9:46:38 PM Ignore runout9 Report Abuse The reinstated offshore drilling moratorium along the east coast & in the gulf is abominable.
52MPG Champion Author Dayton Posts:7,267 Points:1,742,680 Joined:Apr 2006	Message Posted: Dec 1, 2010 9:46:07 PM Ignore 52MPG Report Abuse Supply does not seem to be the problem.
lpatti1 Champion Author Philadelphia Posts:10,206 Points:1,964,235 Joined:Sep 2005	Message Posted: Dec 1, 2010 9:43:41 PM Ignore lpatti1 Report Abuse Nobama says no drilling- for 7 years? what a loser!
stcoesda2 Champion Author Illinois Posts:11,347 Points:2,579,695 Joined:Aug 2005	Message Posted: Dec 1, 2010 9:37:10 PM Ignore stcoesda2 Report Abuse Freeport IL- controlled by pricing in Rockford went up 9 to 12 cents this morning
Toppers Champion Author Atlanta Posts:9,017 Points:2,471,670 Joined:Mar 2005	Message Posted: Dec 1, 2010 9:36:57 PM Ignore Toppers Report Abuse Up a dime N the ATL...
joel27nc Champion Author Raleigh Posts:10,542 Points:1,859,345 Joined:Mar 2008	Message Posted: Dec 1, 2010 9:32:15 PM Ignore joel27nc Report Abuse Prices went up yesterday by $0.12 just in one day in NC.
Rageagainsttm Champion Author Tampa Posts:8,308 Points:1,903,955 Joined:Jul 2007	Message Posted: Dec 1, 2010 9:26:01 PM Ignore Rageagainsttm Report Abuse That means that they will increase prices again.
rollma2 Champion Author Montreal Posts:1,181 Points:261,125 Joined:Jul 2009	Message Posted: Dec 1, 2010 9:22:35 PM Ignore rollma2 Report Abuse and so.....
Zonk Champion Author Michigan Posts:6,486 Points:2,103,740 Joined:Oct 2005	Message Posted: Dec 1, 2010 9:18:36 PM Ignore Zonk Report Abuse Oil prices have recently come down. Why did gas at the pump go up $0.14 per gallon yesterday?
Gonz82 Sophomore Author Illinois Posts:232 Points:63,625 Joined:Oct 2010	Message Posted: Dec 1, 2010 9:17:57 PM Ignore Gonz82 Report Abuse I agree, there is no comparison to these figures & prices we see at gas stations. There never will be either, gas prices will continue to rise no matter what these figures are.
Blue_Cruzer Champion Author Lexington Posts:7,525 Points:1,670,560 Joined:Mar 2007	Message Posted: Dec 1, 2010 9:15:09 PM Ignore Blue_Cruzer Report Abuse I don't think there is any connection between these figures and pump prices.
rxman1 Champion Author Toledo Posts:9,551 Points:1,862,870 Joined:Nov 2007	Message Posted: Dec 1, 2010 9:06:37 PM Ignore rxman1 Report Abuse Decreased production as well as selling off current inventory certainly helped to increase prices.
tom426 Sophomore Author Illinois Posts:198 Points:459,360 Joined:May 2009	Message Posted: Dec 1, 2010 9:05:18 PM Ignore tom426 Report Abuse If the inventory is up, the price should be going down! YIKES!
WVUtailgater Champion Author Cleveland Posts:8,441 Points:1,699,660 Joined:Aug 2008	Message Posted: Dec 1, 2010 9:05:14 PM Ignore WVUtailgater Report Abuse what do prices keep going up
goodbuy Champion Author Michigan Posts:7,673 Points:1,422,805 Joined:May 2005	Message Posted: Dec 1, 2010 9:03:47 PM Ignore goodbuy Report Abuse Who cares?
jtfftj Champion Author New Hampshire Posts:2,180 Points:1,249,135 Joined:Sep 2005	Message Posted: Dec 1, 2010 9:03:15 PM Ignore jtfftj Report Abuse Bolderdash
Night Owl Champion Author Toronto Posts:7,555 Points:1,787,575 Joined:Jul 2004	Message Posted: Dec 1, 2010 6:06:19 PM Ignore Night Owl Report Abuse Oil and gas prices need to come down.
Pete12 Champion Author Albany Posts:4,876 Points:1,645,065 Joined:Nov 2005	Message Posted: Dec 1, 2010 5:16:06 PM Ignore Pete12 Report Abuse The surplus goes up and the price goes up. That doesn't say much for supply and demand.
TMSMO All-Star Author Tennessee Posts:520 Points:94,055 Joined:Aug 2009	Message Posted: Dec 1, 2010 3:15:04 PM Ignore TMSMO Report Abuse let raise the prices again translation......
djdon917 All-Star Author New Jersey Posts:848 Points:58,235 Joined:Oct 2007	Message Posted: Dec 1, 2010 3:12:46 PM Ignore djdon917 Report Abuse forget about this BS
lgwhitlock Champion Author Chico Posts:7,390 Points:1,686,470 Joined:Jun 2008	Message Posted: Dec 1, 2010 3:07:14 PM Ignore lgwhitlock Report Abuse Another week another government sponsored speculation report...
Shadowwarrior All-Star Author Pennsylvania Posts:928 Points:2,021,460 Joined:Oct 2005	Message Posted: Dec 1, 2010 2:33:57 PM Ignore Shadowwarrior Report Abuse Greed factor in play..Oil & Gasoline both up today even though stock pile has increased
Lugi1967 Champion Author Ohio Posts:4,788 Points:1,002,395 Joined:Jun 2010	Message Posted: Dec 1, 2010 2:12:39 PM Ignore Lugi1967 Report Abuse With a report like that you'd think prices would slip a little, but not if they can squeeze a little more out of us Makes no sense, the price of gas except greed
cssco Champion Author Virginia Posts:7,331 Points:1,752,505 Joined:Feb 2006	Message Posted: Dec 1, 2010 1:39:02 PM Ignore cssco Report Abuse These DOE Highlights are truly extraordinary. Without them Gasbuddy followers would have little to look forward to in the area of humor in price gouging. If we could only deprive DOE of their pencils life would have a little more humor but, no real improvement because they would learn to use crayolas all over again.
kag2010 Champion Author Winnipeg Posts:5,264 Points:1,020,960 Joined:Apr 2010	Message Posted: Dec 1, 2010 12:55:53 PM Ignore kag2010 Report Abuse report no longer gets our attention,
Frankb4U All-Star Author San Bernardino Posts:549 Points:119,130 Joined:Oct 2010	Message Posted: Dec 1, 2010 12:48:53 PM Ignore Frankb4U Report Abuse I agree with joeborge.. The report no longer gets our attention
Focus2 Champion Author Illinois Posts:7,892 Points:1,919,340 Joined:Mar 2006	Message Posted: Dec 1, 2010 12:36:50 PM Ignore Focus2 Report Abuse Gas prices are up here 29 cents a gallon in Illinois.
DeeLA Champion Author Los Angeles Posts:4,818 Points:1,365,330 Joined:Nov 2008	Message Posted: Dec 1, 2010 12:19:07 PM Ignore DeeLA Report Abuse Same old same old.
eddyp94 Champion Author Ontario Posts:8,163 Points:1,660,835 Joined:Mar 2008	Message Posted: Dec 1, 2010 12:16:08 PM Ignore eddyp94 Report Abuse DOE does me no good to listen to anymore...