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PD Moderator	Message Posted: Apr 14, 2010 10:52:16 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 2.2 million barrels to a total of 356.2 million barrels. At 354 million barrels, inventories are 3.5% lower than last year, but remain above average. Gasoline inventories decreased by 1.1 million barrels to a total of 222.4 million barrels. At 221.3 million barrels, inventories are 2.6% higher than last year. While inventories fell over the, they didn't fall as much as they did the same week last year. Distillate inventories increased by 1.1 million barrels to a total of 145.7 million barrels. At 146.8 million barrels... Visit GasBuddy Blog for full article

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Message Posted: Apr 14, 2010 10:52:16 AM

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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 356.2 million barrels. At 354 million barrels, inventories are 3.5% lower than last year, but remain above average.

Gasoline inventories decreased by 1.1 million barrels to a total of 222.4 million barrels. At 221.3 million barrels, inventories are 2.6% higher than last year. While inventories fell over the, they didn't fall as much as they did the same week last year.

Distillate inventories increased by 1.1 million barrels to a total of 145.7 million barrels. At 146.8 million barrels...

Visit GasBuddy Blog for full article

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skybiker Champion Author South Carolina Posts:7,277 Points:1,556,390 Joined:Jul 2008	Message Posted: Apr 16, 2010 4:18:56 AM Ignore skybiker Report Abuse No real affect on the price though.......
honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Apr 15, 2010 6:56:12 PM Ignore honda0105 Report Abuse manipulations of numbers is all I can say. One day the inventories are high, next day they've plummeted and yet, not much has changed. Pure greedy specutrading.
bbthegun Champion Author San Diego Posts:5,968 Points:1,677,415 Joined:Sep 2006	Message Posted: Apr 15, 2010 11:33:19 AM Ignore bbthegun Report Abuse Historically inventories are in pretty good shape which would lend to lower prices. However, our dollar is not in good shape and commodities brokers are setting the prices high which is having a stifling effect on any economic recovery. Make these pukes take delivery of at least 25% of what they trade and they'll stop pushing prices high to turn a buck.
jhailla Rookie Author Los Angeles Posts:20 Points:4,005 Joined:Oct 2007	Message Posted: Apr 15, 2010 11:29:00 AM Ignore jhailla Report Abuse omg
PithyOpiner Champion Author Stockton Posts:16,184 Points:1,593,545 Joined:Jun 2008	Message Posted: Apr 15, 2010 11:11:33 AM Ignore PithyOpiner Report Abuse Next year after the electrics hit the showrooms these figures are going to start shooting up little by little. You are all going to be surprised at how the electrics affect these numbers.
unicornpmb Champion Author Buffalo Posts:8,471 Points:1,625,515 Joined:Sep 2005	Message Posted: Apr 15, 2010 11:02:54 AM Ignore unicornpmb Report Abuse Just a bunch of numbers. As consumers, it just cost us more money.
esorsd Champion Author St. Louis Posts:5,718 Points:1,634,740 Joined:May 2005	Message Posted: Apr 15, 2010 11:01:50 AM Ignore esorsd Report Abuse Such good news....now we can look for prices to head up soon.
mfeldstein Champion Author Ottawa Posts:8,161 Points:1,928,430 Joined:Feb 2007	Message Posted: Apr 15, 2010 11:00:34 AM Ignore mfeldstein Report Abuse Inventories down .... a good excuse for gas prices to go up.
Waterpig Sophomore Author Virginia Beach Posts:176 Points:89,135 Joined:Nov 2004	Message Posted: Apr 15, 2010 10:59:44 AM Ignore Waterpig Report Abuse what wonderful highlights.....
RapMassaG Champion Author Cincinnati Posts:2,611 Points:1,048,965 Joined:Oct 2008	Message Posted: Apr 15, 2010 10:52:43 AM Ignore RapMassaG Report Abuse Here is a little tidbit I just found about oil trading volumes(which set a RECORD yesterday): "This (total) volume, representing 2.5 billion barrels of crude oil, is roughly 29 times the daily volume in the physical market," analyst Tim Evans at Citigroup said. ----------TWENTY-NINE TIMES the actual PHYSICAL volume of oil traded is traded on paper between speculators. When you have 29 times the number of trades that there should be, what do you think that will do?? Each trade is going to be higher than the previous, thus INFLATING the cost of oil. Speculation in the energy markets should be BANNED.
RC_RACER Champion Author Tacoma Posts:8,938 Points:1,627,625 Joined:Jun 2004	Message Posted: Apr 15, 2010 10:49:39 AM Ignore RC_RACER Report Abuse Old news.
pulpwood Champion Author Mississippi Posts:7,379 Points:1,859,605 Joined:Sep 2006	Message Posted: Apr 15, 2010 10:43:56 AM Ignore pulpwood Report Abuse Keep flipin that coin!
slvrdo_dsprdo Champion Author Nashville Posts:4,681 Points:909,990 Joined:Jul 2008	Message Posted: Apr 15, 2010 10:38:29 AM Ignore slvrdo_dsprdo Report Abuse It's all floating offshore until the price goes up.
murphy50 Champion Author Colorado Posts:7,356 Points:2,559,590 Joined:May 2004	Message Posted: Apr 15, 2010 10:35:47 AM Ignore murphy50 Report Abuse Old news.
tobasco Champion Author Los Angeles Posts:7,346 Points:2,105,960 Joined:Mar 2004	Message Posted: Apr 15, 2010 10:32:54 AM Ignore tobasco Report Abuse Sell, buy, sell, buy...
MDTDriver Champion Author California Posts:9,709 Points:2,151,620 Joined:Jul 2006	Message Posted: Apr 15, 2010 10:28:07 AM Ignore MDTDriver Report Abuse Highlights of the day gas going up towards Memorial Day.
PrepHermit Champion Author New Jersey Posts:8,086 Points:1,641,255 Joined:Aug 2008	Message Posted: Apr 15, 2010 10:26:23 AM Ignore PrepHermit Report Abuse And the speculators will use this data to drive the price of crude up more.
jjw0608 Champion Author Milwaukee Posts:6,859 Points:1,698,105 Joined:Nov 2005	Message Posted: Apr 15, 2010 10:22:36 AM Ignore jjw0608 Report Abuse Some highlights!
niceguytx Champion Author Houston Posts:13,680 Points:2,709,735 Joined:Sep 2005	Message Posted: Apr 15, 2010 10:21:11 AM Ignore niceguytx Report Abuse We need to conserve more.
esquared Champion Author Oklahoma City Posts:8,047 Points:1,966,110 Joined:Jan 2006	Message Posted: Apr 15, 2010 10:19:47 AM Ignore esquared Report Abuse Yoyo-yoyo-yoyo-yo....
NavyEOD Champion Author Los Angeles Posts:9,986 Points:2,017,150 Joined:Jul 2007	Message Posted: Apr 15, 2010 10:19:38 AM Ignore NavyEOD Report Abuse I don't agree with these numbers.
Dennisjk Champion Author Detroit Posts:6,466 Points:1,921,450 Joined:Apr 2006	Message Posted: Apr 15, 2010 10:19:12 AM Ignore Dennisjk Report Abuse OK, so now the prices went UP.
gotoneros Champion Author Syracuse Posts:3,440 Points:719,470 Joined:Jan 2007	Message Posted: Apr 15, 2010 10:15:16 AM Ignore gotoneros Report Abuse OK very good. Now raise price.
Lizzylou Champion Author Stockton Posts:8,818 Points:2,357,285 Joined:Oct 2005	Message Posted: Apr 15, 2010 10:14:09 AM Ignore Lizzylou Report Abuse I believe I read this article yesterday!
Ramaniac Champion Author St. Louis Posts:11,370 Points:1,952,530 Joined:Sep 2005	Message Posted: Apr 15, 2010 10:09:48 AM Ignore Ramaniac Report Abuse ...what
spunky4443 Champion Author Washington Posts:5,281 Points:1,329,695 Joined:May 2005	Message Posted: Apr 15, 2010 10:07:16 AM Ignore spunky4443 Report Abuse Say what.?????
MalibuGordie Champion Author California Posts:5,528 Points:1,418,310 Joined:Sep 2008	Message Posted: Apr 15, 2010 10:06:55 AM Ignore MalibuGordie Report Abuse With money chasing money, as opposed to real supply and demand equations, you wonder if there will be an oil bubble! Nah!
ricebike Champion Author New Jersey Posts:10,016 Points:1,852,940 Joined:Oct 2005	Message Posted: Apr 15, 2010 10:01:25 AM Ignore ricebike Report Abuse yay? it's no surprise to me... they must make money somehow during the spring and summer months so manipulate the supply and speculate some more, thank you!
Tutootin Champion Author Toronto Posts:10,106 Points:3,074,505 Joined:Jun 2004	Message Posted: Apr 15, 2010 9:11:39 AM Ignore Tutootin Report Abuse neptune2008, Totally agree. This is one of the few (only?) industries that doesn't value its customers. Just bend over and think warm thoughts!
tbgasmizer Champion Author Ontario Posts:6,053 Points:1,229,770 Joined:Oct 2009	Message Posted: Apr 15, 2010 8:47:13 AM Ignore tbgasmizer Report Abuse decrease decrease,price increase.
DrCashFlow Champion Author Massachusetts Posts:7,059 Points:1,624,400 Joined:Jun 2008	Message Posted: Apr 15, 2010 8:40:33 AM Ignore DrCashFlow Report Abuse it seems to be all about rising demand in the far east as car sales there rocket. just ask gm, which should move its entire operations overseas.
condé Champion Author Michigan Posts:3,726 Points:1,810,640 Joined:Oct 2004	Message Posted: Apr 15, 2010 8:04:53 AM Ignore condé Report Abuse DOE.... nothing nice to say here!
ss70 Champion Author Detroit Posts:9,630 Points:1,866,200 Joined:Sep 2005	Message Posted: Apr 15, 2010 7:50:32 AM Ignore ss70 Report Abuse Crude demand is not there except for NYMEX traders
flyfast Champion Author Kansas City Posts:9,233 Points:1,822,035 Joined:Jan 2008	Message Posted: Apr 15, 2010 7:50:17 AM Ignore flyfast Report Abuse going up more
Buck_on_Bass Champion Author Tennessee Posts:7,564 Points:1,452,610 Joined:Jul 2007	Message Posted: Apr 15, 2010 7:49:55 AM Ignore Buck_on_Bass Report Abuse Dropping imports suggest that we do not have a problem since stocks are above average. This suggests that the buyers expect the price of crude to drop on the spot market. A few tankers may have been late unloading or the shipping schedule may have had a brief drop in the number of tankers delivering crude. One need to see several weeks of data to see if a trend is developing.
rideahorseTX Veteran Author Dallas Posts:346 Points:142,825 Joined:Mar 2010	Message Posted: Apr 15, 2010 7:44:30 AM Ignore rideahorseTX Report Abuse FYI - After reading this article tell me who controls gas prices - US refineries or wall street?? U.S. crude oil refinery inputs averaged 14.6 million barrels per day during the week ending April 2, 370 thousand barrels per day above the previous week's average. Refineries operated at 84.5 percent of their operable capacity last week. Gasoline production increased last week, averaging 9.1 million barrels per day. Distillate fuel production increased last week, averaging 4.0 million barrels per day. U.S. crude oil imports averaged 9.6 million barrels per day last week, up 501 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 9.1 million barrels per day, 109 thousand barrels per day below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 756 thousand barrels per day. Distillate fuel imports averaged 153 thousand barrels per day last week. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.0 million barrels from the previous week. At 356.2 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 2.5 million barrels last week, and are above the upper limit of the average range. Both finished gasoline inventories and blending components inventories decreased last week. Distillate fuel inventories increased by 1.1 million barrels, and are above the upper boundary of the average range for this time of year. Propane/propylene inventories increased by 2.4 million barrels last week and are in the middle of the average range. Total commercial petroleum inventories increased by 7.2 million barrels last week, and are above the upper limit of the average range for this time of year. Total products supplied over the last four-week period has averaged 19.0 million barrels per day, up by 1.9 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 9.0 million barrels per day, up by 1.7 percent from the same period last year. Distillate fuel demand has averaged 3.7 million barrels per day over the last four weeks, down by 0.2 percent from the same period last year. Jet fuel demand is 3.7 percent lower over the last four weeks compared to the same four-week period last year.
mreiff Champion Author Louisville Posts:5,330 Points:1,299,690 Joined:May 2009	Message Posted: Apr 15, 2010 7:42:08 AM Ignore mreiff Report Abuse This will cause oil and gs prices to jump today.
cutter1330 Champion Author Oklahoma Posts:8,020 Points:1,690,440 Joined:Jul 2005	Message Posted: Apr 15, 2010 7:40:54 AM Ignore cutter1330 Report Abuse Inventories are headed down.....pump price will head up!!!!
DABEE1073 Champion Author San Diego Posts:8,190 Points:1,569,310 Joined:Jun 2008	Message Posted: Apr 15, 2010 7:39:43 AM Ignore DABEE1073 Report Abuse WHO DID THE DOE HIRE TO COME UP WITH THE REPORT. THEY ARE TO LAZY TO DO THE JOB THEY WHERE CREATED TO DO. FIRE THE WHOLE BUNCH AND SAVE ABOUT $28 BILLION A YEAR.
cv Champion Author Raleigh Posts:15,191 Points:3,263,655 Joined:Oct 2003	Message Posted: Apr 15, 2010 7:37:24 AM Ignore cv Report Abuse Here we go again......more gas price increases because of reduced refining.
Helms Champion Author Fort Worth Posts:4,835 Points:1,733,975 Joined:Jun 2005	Message Posted: Apr 15, 2010 7:36:45 AM Ignore Helms Report Abuse AMEN Reb4
fightbigoil71 Champion Author Milwaukee Posts:7,547 Points:1,541,980 Joined:Nov 2008	Message Posted: Apr 15, 2010 7:36:37 AM Ignore fightbigoil71 Report Abuse Lots of manipulation in the inventory system. How much oil is offshore in tankers?
neptune2008 Champion Author Michigan Posts:8,558 Points:1,666,800 Joined:Aug 2008	Message Posted: Apr 15, 2010 7:36:07 AM Ignore neptune2008 Report Abuse so increase the prices and cripple us who pay for it...
throttle Champion Author Maryland Posts:11,982 Points:2,464,695 Joined:Jul 2004	Message Posted: Apr 15, 2010 7:35:47 AM Ignore throttle Report Abuse Above average inventories but higher prices. It's the herd of speculators again.
I10Express Champion Author San Antonio Posts:8,654 Points:1,637,045 Joined:Nov 2008	Message Posted: Apr 15, 2010 7:34:46 AM Ignore I10Express Report Abuse I guess store some oil in tankers, use some inventory, make products the DOE doesn't count and you have justification for a price increase.
Wizrd03 Champion Author Illinois Posts:8,137 Points:1,629,410 Joined:Oct 2008	Message Posted: Apr 15, 2010 7:34:44 AM Ignore Wizrd03 Report Abuse Just another excuse to raise prices
CLM06 Champion Author Tampa Posts:6,882 Points:1,521,560 Joined:Sep 2006	Message Posted: Apr 15, 2010 7:33:24 AM Ignore CLM06 Report Abuse If the refineries don't produce inventories will go down. Refineries are running at less than capacity
PENNYPINCHR Champion Author Twin Cities Posts:5,339 Points:2,277,720 Joined:Jul 2001	Message Posted: Apr 15, 2010 7:32:28 AM Ignore PENNYPINCHR Report Abuse So what...................
ByGuy Champion Author Dallas Posts:7,833 Points:1,705,340 Joined:Nov 2005	Message Posted: Apr 15, 2010 7:31:06 AM Ignore ByGuy Report Abuse DOE releases report on petroleum + media reports a crisis = justified price increases.
armstrmb Champion Author Houston Posts:10,544 Points:2,087,205 Joined:Jun 2007	Message Posted: Apr 15, 2010 7:30:33 AM Ignore armstrmb Report Abuse It is going to be hard to conserve more, but I will try.