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PD Moderator	Message Posted: Jun 30, 2010 10:33:49 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 million barrels to a total of 363.1 million barrels. At 363.1 million barrels, inventories are 12.9 million barrels above last year (3.7%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma decreased some 800,000 barrels to 36.0 million barrels this week- the same drop we saw last week. Supplies at Cushing have fallen for two straight weeks. Gasoline inventories increased 500,000 barrels to 218.1 million barrels. At 218.1 million barrels, inventories are now 3.3% higher than last year (last week that number... Visit GasBuddy Blog for full article

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Message Posted: Jun 30, 2010 10:33:49 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 million barrels to a total of 363.1 million barrels. At 363.1 million barrels, inventories are 12.9 million barrels above last year (3.7%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma decreased some 800,000 barrels to 36.0 million barrels this week- the same drop we saw last week. Supplies at Cushing have fallen for two straight weeks.

Gasoline inventories increased 500,000 barrels to 218.1 million barrels. At 218.1 million barrels, inventories are now 3.3% higher than last year (last week that number...

Visit GasBuddy Blog for full article

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honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Jul 2, 2010 5:09:02 AM Ignore honda0105 Report Abuse pretty worthless overall. Pig Banks drive prices up, Specutraitors hope to cash in on it. In the end, the consumer pays for their game.
plbell627 Champion Author Dayton Posts:5,153 Points:1,204,230 Joined:Mar 2007	Message Posted: Jul 1, 2010 7:11:51 AM Ignore plbell627 Report Abuse Prices will continue to up & down like a YOYO until controls are put on the SPECULATORS.
xantrani Veteran Author Maryland Posts:422 Points:106,455 Joined:Jan 2010	Message Posted: Jul 1, 2010 6:17:52 AM Ignore xantrani Report Abuse WE CAN"T AFFORD EXTREMELY HIGH PRICED GAS! that includes EVERYTHING above $0.99 a gallon....
bumpygas Champion Author Nebraska Posts:8,140 Points:1,903,035 Joined:Oct 2007	Message Posted: Jul 1, 2010 5:39:38 AM Ignore bumpygas Report Abuse If the gas inventories are up then the price should go down. It won't happen in the Greed market.
LeeFree Champion Author Pittsburgh Posts:9,161 Points:2,245,400 Joined:Jun 2005	Message Posted: Jul 1, 2010 5:38:17 AM Ignore LeeFree Report Abuse Sounds like inventories are still running high keeping downward pressure on prices unless investors somehow "get spooked" by something else and oil prices rise anyway. Always a mind game.
roadrunnerMO Champion Author Kansas Posts:8,416 Points:1,701,415 Joined:Jul 2008	Message Posted: Jul 1, 2010 5:37:01 AM Ignore roadrunnerMO Report Abuse When they cut back on government, DOE will be the first to go.
WonderfulMI Champion Author Michigan Posts:11,658 Points:1,788,860 Joined:Jun 2008	Message Posted: Jul 1, 2010 5:34:06 AM Ignore WonderfulMI Report Abuse An economic recovery will bring higher oil prices.
ironbox_sara Champion Author Albany Posts:9,601 Points:2,240,705 Joined:Mar 2006	Message Posted: Jul 1, 2010 5:33:50 AM Ignore ironbox_sara Report Abuse Blah, blah, blah.
moody4u Champion Author Cincinnati Posts:3,847 Points:767,245 Joined:Oct 2008	Message Posted: Jul 1, 2010 5:33:32 AM Ignore moody4u Report Abuse Lies & Greed ! Were getting it. Some will loose there Jobs in Nov.
Don1222 Champion Author Michigan Posts:7,802 Points:1,089,855 Joined:Jul 2008	Message Posted: Jul 1, 2010 5:32:40 AM Ignore Don1222 Report Abuse Worthless information.
madison8359 Champion Author Cleveland Posts:9,036 Points:1,595,245 Joined:Apr 2008	Message Posted: Jul 1, 2010 5:30:01 AM Ignore madison8359 Report Abuse Of course inventories are up, its the economy, stupid.
JohnofGB Champion Author Flint Posts:5,431 Points:1,098,145 Joined:Feb 2010	Message Posted: Jul 1, 2010 5:27:55 AM Ignore JohnofGB Report Abuse And the summer driving season is here. Gasoline is going up.
ChuckGVT Champion Author Vermont Posts:6,703 Points:1,694,925 Joined:Apr 2008	Message Posted: Jul 1, 2010 5:25:57 AM Ignore ChuckGVT Report Abuse Still don't trust DOE reports.
subnuke Champion Author Atlanta Posts:7,503 Points:1,509,890 Joined:Sep 2008	Message Posted: Jul 1, 2010 5:25:15 AM Ignore subnuke Report Abuse Prices have dropped a few cents over the last week.
PFCASTA Champion Author Worcester Posts:1,095 Points:1,573,505 Joined:Apr 2006	Message Posted: Jul 1, 2010 5:25:09 AM Ignore PFCASTA Report Abuse Prices are still up at the pump
dave364 Champion Author Lansing Posts:4,955 Points:1,439,290 Joined:Nov 2007	Message Posted: Jul 1, 2010 5:24:13 AM Ignore dave364 Report Abuse the price of diesel has not changed here in somtime
cheapertvs Champion Author Richmond Posts:10,295 Points:2,743,670 Joined:Jan 2004	Message Posted: Jul 1, 2010 5:23:28 AM Ignore cheapertvs Report Abuse Need the price to go down. Perhaps when inventories increase, price would fall. I have not seen this linkage in fact.
kidshare Champion Author Nevada Posts:1,946 Points:741,555 Joined:Sep 2006	Message Posted: Jul 1, 2010 5:22:16 AM Ignore kidshare Report Abuse We accidentally released a little bit of the oil reserves onto the ocean surface via one well.
theawesome1 Champion Author Cleveland Posts:9,333 Points:1,728,100 Joined:Aug 2005	Message Posted: Jul 1, 2010 5:22:16 AM Ignore theawesome1 Report Abuse DOE can get their act together & quit being a Pelosi maker. Prices of fuel should be half of what they are for our US oil, that is no longer sold to Japan & other foreign areas. We want our own & get rid of foreign companies in our waters.
dar 1 Champion Author Michigan Posts:5,903 Points:446,615 Joined:Jan 2005	Message Posted: Jul 1, 2010 5:21:55 AM Ignore dar 1 Report Abuse Sounds like they are selling less gas so they are buying less crude, thinking the price will fall?????????
rogerparry Champion Author Florida Posts:9,570 Points:1,918,380 Joined:Jan 2008	Message Posted: Jul 1, 2010 5:21:40 AM Ignore rogerparry Report Abuse And yet the prices remain high. When are they going to stop the speculation?
Petrock Champion Author Lexington Posts:9,133 Points:2,559,710 Joined:Apr 2005	Message Posted: Jul 1, 2010 5:20:32 AM Ignore Petrock Report Abuse I guess the speculators can decide that crude oil stockpiles are down so the price of oil should go up! Then the gasoline refiners, distributors and retailers will have the excuse of higher crude prices to raise gasoline prices (even though gasoline inventories are up)! What a game this is.
Zuman Champion Author New York Posts:6,174 Points:1,900,630 Joined:May 2005	Message Posted: Jul 1, 2010 5:18:21 AM Ignore Zuman Report Abuse More crap.
Sam195 Champion Author San Bernardino Posts:8,095 Points:1,576,050 Joined:Oct 2008	Message Posted: Jul 1, 2010 5:18:03 AM Ignore Sam195 Report Abuse At least gas inventories are up.
skippypa Champion Author Hawaii Posts:8,481 Points:1,741,905 Joined:Jun 2008	Message Posted: Jul 1, 2010 5:16:57 AM Ignore skippypa Report Abuse What's the news?
pitamon Champion Author Philadelphia Posts:4,909 Points:1,827,335 Joined:Sep 2004	Message Posted: Jul 1, 2010 5:16:51 AM Ignore pitamon Report Abuse We need to practice CONSERVATION.
neptune2008 Champion Author Michigan Posts:8,583 Points:1,671,675 Joined:Aug 2008	Message Posted: Jul 1, 2010 5:03:27 AM Ignore neptune2008 Report Abuse I read yet dont trust the info
JoJoQc Champion Author Montreal Posts:5,336 Points:1,040,155 Joined:May 2010	Message Posted: Jul 1, 2010 5:01:10 AM Ignore JoJoQc Report Abuse What an highlights
REVLAW Champion Author San Antonio Posts:10,445 Points:2,008,445 Joined:Jul 2007	Message Posted: Jul 1, 2010 4:59:56 AM Ignore REVLAW Report Abuse Market factors have been minimized in the "pricing" equation. Thus ... this article is equated to trying to micro manage self illuminating screw drivers.
FMREALTOR Champion Author Florida Posts:6,415 Points:1,698,955 Joined:Jan 2007	Message Posted: Jul 1, 2010 4:58:08 AM Ignore FMREALTOR Report Abuse Ok, so we have more gas than we need because more was produced than we needed. On the other hand we produced more gas therefore we have less crude. What does the DOE do all day?
Cachase1 Champion Author Oklahoma City Posts:11,460 Points:2,382,055 Joined:Aug 2003	Message Posted: Jul 1, 2010 4:51:10 AM Ignore Cachase1 Report Abuse Is this the going excuse for gas prices not dropping?
DrivingFool2 Champion Author Appleton Posts:8,597 Points:1,607,815 Joined:Apr 2005	Message Posted: Jul 1, 2010 4:49:21 AM Ignore DrivingFool2 Report Abuse What are they trying to do, explain why gas is costing us so much?
hwmillerster Champion Author Missouri Posts:6,794 Points:1,466,320 Joined:Oct 2008	Message Posted: Jul 1, 2010 4:48:54 AM Ignore hwmillerster Report Abuse It sounds like gas prices won't change much in the next few days.
harleydoctor Champion Author Kansas Posts:7,355 Points:1,930,535 Joined:Sep 2005	Message Posted: Jul 1, 2010 4:47:37 AM Ignore harleydoctor Report Abuse Being a holiday weekend there ready to dish out another "stump breaking"...........
Beau2140 Champion Author New York Posts:8,306 Points:1,659,110 Joined:Oct 2008	Message Posted: Jul 1, 2010 4:42:56 AM Ignore Beau2140 Report Abuse It's time for the prices of gasoline to drrop.
DJRIO Champion Author Miami Posts:8,051 Points:1,426,560 Joined:Jan 2008	Message Posted: Jul 1, 2010 4:41:48 AM Ignore DJRIO Report Abuse PD is good article . We need to see the weekly article about oil report so everyone can understand the full story with oil.
Metro Man Champion Author Flint Posts:2,728 Points:1,199,740 Joined:Sep 2003	Message Posted: Jul 1, 2010 4:38:47 AM Ignore Metro Man Report Abuse Crude prices are down, pump prices are up.
Badmoon Champion Author Massachusetts Posts:8,318 Points:1,653,440 Joined:Oct 2008	Message Posted: Jul 1, 2010 4:34:00 AM Ignore Badmoon Report Abuse And prices still too high.
Hunter724 Champion Author New Hampshire Posts:8,131 Points:1,648,025 Joined:Sep 2008	Message Posted: Jul 1, 2010 4:31:28 AM Ignore Hunter724 Report Abuse Lets hope the prices at the pump start falling...........
w4kh Champion Author Tennessee Posts:11,675 Points:2,229,965 Joined:May 2004	Message Posted: Jul 1, 2010 4:31:02 AM Ignore w4kh Report Abuse Gasoline inventories up a little and oil inventories down a little... refineries must be gearing up for increased driving demand - oh yeah, the fourth of July, so they can make additional profit by keeping the pump prices high...
ILVET Champion Author Illinois Posts:14,799 Points:2,926,590 Joined:Jan 2005	Message Posted: Jul 1, 2010 4:30:51 AM Ignore ILVET Report Abuse Another useless report that shows exactly nothing
Jamer Champion Author Las Vegas Posts:8,764 Points:1,637,235 Joined:Jul 2002	Message Posted: Jul 1, 2010 4:29:34 AM Ignore Jamer Report Abuse Gas prices are up in Las Vegas too.
522 Rookie Author Los Angeles Posts:15 Points:843,575 Joined:May 2008	Message Posted: Jul 1, 2010 4:29:01 AM Ignore 522 Report Abuse pump baby pump
Bill100 Champion Author Grand Rapids Posts:41,498 Points:1,163,820 Joined:Jan 2010	Message Posted: Jul 1, 2010 4:26:14 AM Ignore Bill100 Report Abuse In the short term, this means little to nothing.
hybridaholic Champion Author Appleton Posts:8,375 Points:1,558,515 Joined:Dec 2008	Message Posted: Jul 1, 2010 4:22:01 AM Ignore hybridaholic Report Abuse Here we go with the weekly spin on oil
WVUtailgater Champion Author Cleveland Posts:8,446 Points:1,700,635 Joined:Aug 2008	Message Posted: Jul 1, 2010 4:19:12 AM Ignore WVUtailgater Report Abuse this should mean lower oil prices, but will it
MiniFan Champion Author California Posts:2,223 Points:749,050 Joined:Nov 2008	Message Posted: Jul 1, 2010 4:14:55 AM Ignore MiniFan Report Abuse gas is up in LA
pgerassi Champion Author Milwaukee Posts:10,906 Points:2,133,555 Joined:Apr 2007	Message Posted: Jul 1, 2010 4:05:13 AM Ignore pgerassi Report Abuse With these levels of stockpiles, oil and gas prices should be falling fast.
gass12 Champion Author Omaha Posts:8,399 Points:2,305,665 Joined:Oct 2005	Message Posted: Jul 1, 2010 3:58:11 AM Ignore gass12 Report Abuse With all this stockpile of oil why are the prices still going up.
BigDogOH Champion Author Cincinnati Posts:8,513 Points:1,809,770 Joined:Mar 2008	Message Posted: Jul 1, 2010 3:54:39 AM Ignore BigDogOH Report Abuse Government Propaganda