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PD Moderator	Message Posted: Apr 21, 2010 10:04:19 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 1.9 million barrels to a total of 356.2 million barrels. At 355.9 million barrels, inventories are 3.3% lower than last year, but remain above average. Gasoline inventories increased by 3.6 million barrels to a total of 222.4 million barrels. At 224.9 million barrels, inventories are 4.8% higher than last year. This is a good sign, showing refiners are beginning to boost output ahead of the summer driving season. Distillate inventories increased by 2.1 million barrels to a total of 148.9 million barrels. At 148.9 million... Visit GasBuddy Blog for full article

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Message Posted: Apr 21, 2010 10:04:19 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 increased by 1.9 million barrels to a total of 356.2 million barrels. At 355.9 million barrels, inventories are 3.3% lower than last year, but remain above average.

Gasoline inventories increased by 3.6 million barrels to a total of 222.4 million barrels. At 224.9 million barrels, inventories are 4.8% higher than last year. This is a good sign, showing refiners are beginning to boost output ahead of the summer driving season.

Distillate inventories increased by 2.1 million barrels to a total of 148.9 million barrels. At 148.9 million...

Visit GasBuddy Blog for full article

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OHMS Champion Author Orange County Posts:13,727 Points:1,693,830 Joined:May 2005	Message Posted: Apr 27, 2010 11:49:18 AM Ignore OHMS Report Abuse They have an entire federal government agency who can't summarize the cause and effect of gasoline and fuel prices; so I don't feel so badly that I can't figure it out.
1006 Champion Author Birmingham Posts:1,105 Points:1,356,940 Joined:Apr 2008	Message Posted: Apr 23, 2010 6:55:52 AM Ignore 1006 Report Abuse Our usage continues to increase
Blue48 Champion Author Illinois Posts:7,315 Points:1,639,895 Joined:Feb 2007	Message Posted: Apr 22, 2010 10:59:59 PM Ignore Blue48 Report Abuse IT DOESN'T MATTER..THEY WILL STILL RAISE GAS PRICES!
honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Apr 22, 2010 8:54:24 PM Ignore honda0105 Report Abuse yup sivart. Inventories down, prices up, inventories up, prices up. clear as mud, right?
sivart Champion Author Arkansas Posts:18,238 Points:3,072,910 Joined:May 2004	Message Posted: Apr 22, 2010 8:51:49 PM Ignore sivart Report Abuse Inventories on Crude, Gas and Distillate's are up so I guess that will cause the price at the pump to go up, also!!!!
humancry Champion Author Michigan Posts:4,618 Points:1,002,455 Joined:Nov 2006	Message Posted: Apr 22, 2010 6:44:31 PM Ignore humancry Report Abuse they have more than enough
skybiker Champion Author South Carolina Posts:7,308 Points:1,561,465 Joined:Jul 2008	Message Posted: Apr 22, 2010 6:40:11 PM Ignore skybiker Report Abuse Jarod, I think O feels more at home in Europe....
cpl11787 All-Star Author Minnesota Posts:630 Points:123,275 Joined:Jan 2010	Message Posted: Apr 22, 2010 3:56:47 PM Ignore cpl11787 Report Abuse oh yay.
OHMS Champion Author Orange County Posts:13,727 Points:1,693,830 Joined:May 2005	Message Posted: Apr 22, 2010 2:16:09 PM Ignore OHMS Report Abuse sounds more like low lights to me.
Jarod13 Champion Author Virginia Posts:3,494 Points:1,412,615 Joined:Oct 2008	Message Posted: Apr 22, 2010 11:51:35 AM Ignore Jarod13 Report Abuse TerryLee -- yes, it would be nice if President Obama would stay stateside and do his job, but since many of those who elected him into office back in 2008 have "changed" their view of him lately, he might be better off abroad. As far as gas prices go, even though both oil and gas inventories are up, the greedy speculators are still able to manipulate the price of gas by making it appear to all of us that the inventories of both oil and gas are constantly in a state of influx, thus the reason why prices go up on day and down the next.
fcdriver Champion Author Tennessee Posts:7,258 Points:1,475,780 Joined:Sep 2008	Message Posted: Apr 22, 2010 9:02:19 AM Ignore fcdriver Report Abuse yesterdays news
traindude Champion Author Virginia Beach Posts:5,624 Points:1,497,355 Joined:Jun 2007	Message Posted: Apr 22, 2010 8:58:26 AM Ignore traindude Report Abuse still confused about rumor-nomics
billy44bo Champion Author Mobile Posts:7,217 Points:1,492,820 Joined:Feb 2008	Message Posted: Apr 22, 2010 8:55:22 AM Ignore billy44bo Report Abuse just a numbers game with oil down a littel bit and the rest from the refinery
VTROCK Champion Author Detroit Posts:2,593 Points:971,550 Joined:Sep 2008	Message Posted: Apr 22, 2010 8:51:21 AM Ignore VTROCK Report Abuse Inventories are up, prices should be down.
vizilo Champion Author British Columbia Posts:5,729 Points:2,590,650 Joined:May 2004	Message Posted: Apr 22, 2010 8:48:44 AM Ignore vizilo Report Abuse Not really news
zimowski Champion Author San Jose Posts:6,681 Points:1,586,415 Joined:Nov 2007	Message Posted: Apr 22, 2010 8:47:31 AM Ignore zimowski Report Abuse Yesterday's news!
spunky4443 Champion Author Washington Posts:5,286 Points:1,330,770 Joined:May 2005	Message Posted: Apr 22, 2010 8:46:19 AM Ignore spunky4443 Report Abuse Don't worry the price of fuel will keep rising.
racerdj Champion Author Indianapolis Posts:9,825 Points:2,058,525 Joined:Jun 2003	Message Posted: Apr 22, 2010 8:45:39 AM Ignore racerdj Report Abuse Supplies increasing and prices increasing.....this is not right!
Sam195 Champion Author San Bernardino Posts:8,100 Points:1,577,025 Joined:Oct 2008	Message Posted: Apr 22, 2010 8:45:08 AM Ignore Sam195 Report Abuse No big surprise there.
RedRam2005 Champion Author San Antonio Posts:7,754 Points:1,500,165 Joined:Dec 2007	Message Posted: Apr 22, 2010 8:43:57 AM Ignore RedRam2005 Report Abuse ...and all government information is 100% factual and not intended to push an administrations agenda. Not in this life time!
NotmeuQc Champion Author Montreal Posts:5,651 Points:1,134,800 Joined:Apr 2009	Message Posted: Apr 22, 2010 8:42:41 AM Ignore NotmeuQc Report Abuse This is lowering gas prices???
DrivingFool2 Champion Author Appleton Posts:8,597 Points:1,607,815 Joined:Apr 2005	Message Posted: Apr 22, 2010 8:41:08 AM Ignore DrivingFool2 Report Abuse Theres more to it than this
DAK1960 Champion Author Illinois Posts:2,014 Points:450,180 Joined:Nov 2008	Message Posted: Apr 22, 2010 8:39:52 AM Ignore DAK1960 Report Abuse old news
vegaland Champion Author Houston Posts:2,403 Points:501,795 Joined:May 2006	Message Posted: Apr 22, 2010 8:39:30 AM Ignore vegaland Report Abuse Insignificant fluctuation.
AC-302 Champion Author Los Angeles Posts:26,597 Points:2,904,045 Joined:Aug 2004	Message Posted: Apr 22, 2010 8:37:32 AM Ignore AC-302 Report Abuse Crude oil, gas and distillate inventories are up. So why is the price of crude oil up? And why aren't the prices of distillates falling somewhat?
2907 Champion Author Kentucky Posts:1,594 Points:863,645 Joined:Aug 2005	Message Posted: Apr 22, 2010 8:36:38 AM Ignore 2907 Report Abuse Obama propoganda.
cptjames All-Star Author Dallas Posts:560 Points:192,490 Joined:Apr 2006	Message Posted: Apr 22, 2010 8:36:29 AM Ignore cptjames Report Abuse If the oil futures are up, this may affect consumer prices.
Marson Champion Author Scranton Posts:8,957 Points:2,080,110 Joined:Oct 2006	Message Posted: Apr 22, 2010 8:35:39 AM Ignore Marson Report Abuse Worthless fodder.
BigBrat Champion Author Phoenix Posts:2,679 Points:1,054,125 Joined:Dec 2004	Message Posted: Apr 22, 2010 8:35:31 AM Ignore BigBrat Report Abuse Keep conserving!!!
BillHeatherL Champion Author Alberta Posts:7,653 Points:1,926,580 Joined:Apr 2007	Message Posted: Apr 22, 2010 8:33:59 AM Ignore BillHeatherL Report Abuse too bad the price at the pump is not dropping
ModelWarships Champion Author Missouri Posts:5,805 Points:1,234,035 Joined:Jul 2008	Message Posted: Apr 22, 2010 8:32:39 AM Ignore ModelWarships Report Abuse gas prices dropped a penny today. Does that make up for it?
tomok Champion Author Portland Posts:33,071 Points:2,347,460 Joined:Aug 2006	Message Posted: Apr 22, 2010 8:29:00 AM Ignore tomok Report Abuse Crude oil inventories increased Gasoline inventories increased Distillate inventories increased Refinery utilization jumped total commercial inventories increased Domestic production of oil is up Net imports of oil are down Overall gasoline demand is up And gasoline prices are up! Big oil and the refiners are creating false shortages by producing less fuel and raising prices at the pump.
rtw777 Champion Author Florida Posts:9,406 Points:1,843,945 Joined:Jan 2008	Message Posted: Apr 22, 2010 8:27:24 AM Ignore rtw777 Report Abuse Oil is down more than $1 so far this morning.
ndhoanggia All-Star Author New York Posts:696 Points:215,505 Joined:Apr 2009	Message Posted: Apr 22, 2010 8:25:55 AM Ignore ndhoanggia Report Abuse True. Supply is up and demand is down then why gas price keeps rising?
Zinnoil Champion Author Florida Posts:18,901 Points:2,139,725 Joined:May 2004	Message Posted: Apr 22, 2010 8:24:34 AM Ignore Zinnoil Report Abuse Where's the report on new nuclear power plants?
Retowered Champion Author Colorado Posts:8,587 Points:2,687,365 Joined:May 2004	Message Posted: Apr 22, 2010 8:24:04 AM Ignore Retowered Report Abuse Will this bring the prices down?
9C1 Champion Author Chicago Posts:22,869 Points:4,248,535 Joined:Jul 2001	Message Posted: Apr 22, 2010 8:23:53 AM Ignore 9C1 Report Abuse All these figures don't mattr -- the price of gas will go up anyway.
bobsalwaysmt Champion Author Long Island Posts:4,665 Points:266,040 Joined:Oct 2007	Message Posted: Apr 22, 2010 8:23:22 AM Ignore bobsalwaysmt Report Abuse And pump prices continue to rise!! According to these figures, there is no reason beyond market MANIPULATION (and a President & Congress whose agenda is contrary to the will of the electorate).
JXQW Champion Author Kansas City Posts:2,787 Points:684,925 Joined:Jul 2008	Message Posted: Apr 22, 2010 8:22:11 AM Ignore JXQW Report Abuse Inventories are up, we should see prices down.
MightyDude Champion Author Minnesota Posts:10,360 Points:2,650,695 Joined:Mar 2003	Message Posted: Apr 22, 2010 8:18:33 AM Ignore MightyDude Report Abuse causing pump price to increase
Cerberus2k Champion Author Phoenix Posts:1,238 Points:1,327,360 Joined:Apr 2008	Message Posted: Apr 22, 2010 8:17:38 AM Ignore Cerberus2k Report Abuse Refineries running at only 85.9% capacity & still inventories have increased. That screams "weak demand" however the price at the pump continues to rise even with inventories 4.8% greater than last year when the price was only $1.87. WTF!
maske_2222 Champion Author Manitoba Posts:7,422 Points:1,500,005 Joined:Oct 2008	Message Posted: Apr 22, 2010 8:17:19 AM Ignore maske_2222 Report Abuse This proves that we are gouged by the oil industrie.
condé Champion Author Michigan Posts:3,751 Points:1,815,615 Joined:Oct 2004	Message Posted: Apr 22, 2010 8:16:25 AM Ignore condé Report Abuse everytime i see the word government on anything...i see it as ate of tax payers money! You know that those people aren't getting paid minimum wage... and the bennies they're getting...all at tax payers expence!
madison8359 Champion Author Cleveland Posts:9,038 Points:1,595,245 Joined:Apr 2008	Message Posted: Apr 22, 2010 8:16:17 AM Ignore madison8359 Report Abuse Help me with Eonomics 101: Supply and Demand. Supply of all types of oil is up. Inventories of all types of oil is up. Demand is down. The worldwide economy is down. Yet prices are up. Maybe we need to drill some more.
smoketown Champion Author Cincinnati Posts:6,241 Points:1,383,825 Joined:Feb 2008	Message Posted: Apr 22, 2010 8:15:34 AM Ignore smoketown Report Abuse D.O.E. and there big pay off game........
riverrising Champion Author Missouri Posts:3,905 Points:1,050,200 Joined:May 2008	Message Posted: Apr 22, 2010 8:15:18 AM Ignore riverrising Report Abuse DOES NOT explain why gas revolving over $2 gallon
cableman31 Champion Author New York Posts:8,843 Points:2,018,750 Joined:May 2004	Message Posted: Apr 22, 2010 8:11:54 AM Ignore cableman31 Report Abuse More Obamadud BS. In the end he failed on his campaign promise to control speculator lunacy. All he created is "Way out of control spending" that my GREAT GREAT GREAT Grandkids will be paying off and all he did was to make the rich richer. Par for the course.
FuelBarge Champion Author Long Island Posts:9,210 Points:2,078,240 Joined:Aug 2005	Message Posted: Apr 22, 2010 8:10:38 AM Ignore FuelBarge Report Abuse I thought the API reported we were down causing prices to rise?
hank1326 Champion Author Los Angeles Posts:8,919 Points:1,735,535 Joined:Jun 2008	Message Posted: Apr 22, 2010 8:09:45 AM Ignore hank1326 Report Abuse Ditto to chankos. DOE are ran by tools and fools. A total waste of our tax dollars.
JCUBE Champion Author Michigan Posts:8,580 Points:1,917,170 Joined:Aug 2003	Message Posted: Apr 22, 2010 8:08:41 AM Ignore JCUBE Report Abuse Don1222; You and your inane conserve BS again....is that the only two words you know.....conserve? they just push up prices to cover their lost profits, what of that is so hard to understand.