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PD Moderator	Message Posted: Feb 16, 2011 10:45:22 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 0.9 million barrels to a total of 345.9 million barrels. At 345.9 million barrels, inventories are 11.4 million barrels above last year (3.4%) and are much above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 0.3 million barrels to 37.7 million barrels this week. Gasoline inventories increased 0.2 million barrels to 240.9 million barrels. At 241.1 million barrels, inventories are now 9.0 million barrels, or 3.9% higher than last year (last week that number was 4.5% higher). The only decreases in gasoline inventories... Visit GasBuddy Blog for full article

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Message Posted: Feb 16, 2011 10:45:22 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 0.9 million barrels to a total of 345.9 million barrels. At 345.9 million barrels, inventories are 11.4 million barrels above last year (3.4%) and are much above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 0.3 million barrels to 37.7 million barrels this week.

Gasoline inventories increased 0.2 million barrels to 240.9 million barrels. At 241.1 million barrels, inventories are now 9.0 million barrels, or 3.9% higher than last year (last week that number was 4.5% higher). The only decreases in gasoline inventories...

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DrCashFlow Champion Author Massachusetts Posts:7,204 Points:1,654,785 Joined:Jun 2008	Message Posted: Feb 18, 2011 6:10:40 AM Ignore DrCashFlow Report Abuse noise
Pete12 Champion Author Albany Posts:4,918 Points:1,659,880 Joined:Nov 2005	Message Posted: Feb 17, 2011 9:41:41 PM Ignore Pete12 Report Abuse These numbers say gas prices should be going down.
doctorindyj Champion Author Santa Fe Posts:3,543 Points:865,285 Joined:Nov 2009	Message Posted: Feb 17, 2011 2:18:59 PM Ignore doctorindyj Report Abuse Thanks for the info. I don't know if you can believe the numbers. Numbers mean anything the spin masters want them to mean.
picomakerAR Rookie Author Arkansas Posts:45 Points:334,750 Joined:Oct 2008	Message Posted: Feb 17, 2011 11:39:33 AM Ignore picomakerAR Report Abuse Crude oil has dropped from $91-92 a couple weeks ago, to the $84-85 range. Gasoline, however, has gone up during that time. Inventories are up, and so prices go up also?
remay Champion Author Houston Posts:7,083 Points:2,144,190 Joined:May 2006	Message Posted: Feb 17, 2011 8:48:38 AM Ignore remay Report Abuse Wonder how this will effect things... (from another post "Some oil from reserve to be sold") "The government is preparing to sell $500 million worth of crude oil the U.S. has stockpiled for emergencies because of problems with the integrity of one of the underground caverns where it is stored."
OnTheWater Champion Author Orange County Posts:2,123 Points:623,130 Joined:Nov 2009	Message Posted: Feb 17, 2011 1:48:30 AM Ignore OnTheWater Report Abuse Same ole DOE mumbo jumbo! This does nothing but fuel the fire for OPEC/big oil.
comprof Champion Author Houston Posts:7,015 Points:1,385,425 Joined:Jul 2009	Message Posted: Feb 17, 2011 1:30:42 AM Ignore comprof Report Abuse Another DOE report garbage. Waste of reading.
TIGERPAW46 Champion Author Florida Posts:7,241 Points:1,379,620 Joined:Mar 2004	Message Posted: Feb 17, 2011 1:08:55 AM Ignore TIGERPAW46 Report Abuse Info is of little value since the whole chain of oil production to gas etc are corrupt & pay little attention to what the supplies are. They manipulate the supplies and prices artificially including the Speculators.
N5EXY Champion Author Austin Posts:5,639 Points:1,538,005 Joined:Jul 2004	Message Posted: Feb 17, 2011 1:05:47 AM Ignore N5EXY Report Abuse 45 GasBuddy points worth of nonsense.
toadNY Champion Author Albany Posts:7,193 Points:1,541,825 Joined:Apr 2008	Message Posted: Feb 17, 2011 1:00:36 AM Ignore toadNY Report Abuse Same old same old, inventories up and so is the price.
66mustangfb Champion Author Missouri Posts:5,035 Points:863,245 Joined:Nov 2008	Message Posted: Feb 17, 2011 12:53:25 AM Ignore 66mustangfb Report Abuse People keep blaming spectulators, but speculators lose money also. It is supply vs. demand. Incresed inventories is a good start on lowering demand which should help the price.
jkpsr Champion Author New Jersey Posts:4,212 Points:1,128,890 Joined:Jun 2005	Message Posted: Feb 17, 2011 12:50:03 AM Ignore jkpsr Report Abuse I wish the government would quit sucking up the surplus, at high prices, to put in the SPR. Even they are running out of capacity. They could largely control petroleum prices by releasing, instead of increasing, their supplies. That is what it was intended to do.
TBONE3 Champion Author Pennsylvania Posts:8,886 Points:2,005,100 Joined:Mar 2005	Message Posted: Feb 17, 2011 12:49:56 AM Ignore TBONE3 Report Abuse Prices going up - a manipulation of the market by speculators because of so much turmoil in the world right now.
2tone1 Champion Author Ontario Posts:4,478 Points:1,185,805 Joined:Dec 2009	Message Posted: Feb 17, 2011 12:48:17 AM Ignore 2tone1 Report Abuse And the price at the pumps is going up.... we should run vehicles on hot air.... prices in Washington and Ottawa would be cheap.
jtfftj Champion Author New Hampshire Posts:2,216 Points:1,274,755 Joined:Sep 2005	Message Posted: Feb 17, 2011 12:47:47 AM Ignore jtfftj Report Abuse The potential candidates for the Presidential campaign in 2012 are already sniffing around New Hampshire. (It would be chaeaper for Rick Santorum to buy a house here than rent hotel rooms) Ler's see if any of the candidates has the guts to campaign on closing down the DOE.
ThatHunt Champion Author Dallas Posts:4,498 Points:1,975,185 Joined:Jul 2006	Message Posted: Feb 17, 2011 12:47:41 AM Ignore ThatHunt Report Abuse fascinating.
BTtech Sophomore Author Twin Cities Posts:190 Points:78,525 Joined:Dec 2010	Message Posted: Feb 17, 2011 12:39:22 AM Ignore BTtech Report Abuse interesting!
tobasco Champion Author Los Angeles Posts:7,376 Points:2,131,585 Joined:Mar 2004	Message Posted: Feb 17, 2011 12:34:49 AM Ignore tobasco Report Abuse Big whup.
LoneGuy Champion Author Lansing Posts:8,615 Points:2,344,720 Joined:Aug 2005	Message Posted: Feb 17, 2011 12:30:57 AM Ignore LoneGuy Report Abuse I think fear is driving gas prices up as Iran sends warship into the Gates of Hormuz. Again trouble threatens in the Mid East. We need to pursue and harvest the proven energy souces we know about and then look toward alternatives. Nuclear development and natural gas and crude where we know we can find it. Other countries are clamoring for coal from our reserves.
52MPG Champion Author Dayton Posts:7,407 Points:1,770,380 Joined:Apr 2006	Message Posted: Feb 17, 2011 12:29:37 AM Ignore 52MPG Report Abuse Where are they storing all of this inventory?
rxman1 Champion Author Toledo Posts:9,690 Points:1,889,495 Joined:Nov 2007	Message Posted: Feb 17, 2011 12:26:01 AM Ignore rxman1 Report Abuse Inventory of gas and oil is up. Time for prices to go down.
BobD2009 Champion Author Long Island Posts:7,134 Points:1,268,460 Joined:Apr 2009	Message Posted: Feb 17, 2011 12:19:42 AM Ignore BobD2009 Report Abuse Our tax dollars at work, NOT.
SBlouch Champion Author San Antonio Posts:8,836 Points:1,885,285 Joined:Apr 2007	Message Posted: Feb 17, 2011 12:17:40 AM Ignore SBlouch Report Abuse Same old stuff by the DOE. Increases in inventories of crude oil hasn't helped in lowering the price, so the only one happy is Obama receiving the report.
Matt G Champion Author Boston Posts:4,673 Points:2,800,740 Joined:Jun 2004	Message Posted: Feb 17, 2011 12:16:14 AM Ignore Matt G Report Abuse so why did everything go up tonight
REDFINGER Champion Author Montreal Posts:1,380 Points:282,850 Joined:Dec 2010	Message Posted: Feb 17, 2011 12:15:58 AM Ignore REDFINGER Report Abuse ok
pyndasky Champion Author Maryland Posts:10,144 Points:1,810,255 Joined:May 2008	Message Posted: Feb 17, 2011 12:12:44 AM Ignore pyndasky Report Abuse doesn't make sense....
TheSicilian Champion Author Jacksonville Posts:5,519 Points:1,498,200 Joined:Feb 2009	Message Posted: Feb 17, 2011 12:10:17 AM Ignore TheSicilian Report Abuse supply up price up whats wrong with this not how I learned it in Econ 101
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Feb 17, 2011 12:08:38 AM Ignore tedjm1 Report Abuse Same old non-sense.
bababooey2 Champion Author Hartford Posts:6,492 Points:1,330,540 Joined:Sep 2009	Message Posted: Feb 17, 2011 12:08:25 AM Ignore bababooey2 Report Abuse It's all a big joke, when will 1 plus 1 equal 2.
joel27nc Champion Author Raleigh Posts:10,677 Points:1,886,070 Joined:Mar 2008	Message Posted: Feb 17, 2011 12:05:11 AM Ignore joel27nc Report Abuse The supply & demand law doesn't seem to apply to gasoline.
Bruno44 Champion Author Texas Posts:7,222 Points:1,796,870 Joined:Sep 2007	Message Posted: Feb 17, 2011 12:04:33 AM Ignore Bruno44 Report Abuse Sounds like the "DOE" is a deer blinded by headlights.
Quick68 Champion Author Columbus Posts:8,453 Points:1,254,475 Joined:Dec 2009	Message Posted: Feb 17, 2011 12:02:57 AM Ignore Quick68 Report Abuse The more the Crude oil inventories increased the more gas prices rise. Who does the math for big oil Washington?
AKmailman Champion Author Alaska Posts:5,763 Points:1,585,565 Joined:Jul 2004	Message Posted: Feb 17, 2011 12:02:12 AM Ignore AKmailman Report Abuse oh goody, another propaganda report from the energy czar
Z51Corvette Champion Author Austin Posts:8,613 Points:1,698,385 Joined:Jan 2008	Message Posted: Feb 17, 2011 12:00:13 AM Ignore Z51Corvette Report Abuse I don't think I can read this.... it is all a bunch of baloney!
Dee_Kay Veteran Author Pittsburgh Posts:494 Points:71,800 Joined:Jul 2008	Message Posted: Feb 16, 2011 11:51:39 PM Ignore Dee_Kay Report Abuse Don't know what to say about this?
CardinalRed5 Veteran Author Illinois Posts:335 Points:67,300 Joined:Jan 2011	Message Posted: Feb 16, 2011 11:48:47 PM Ignore CardinalRed5 Report Abuse YAHOO! SOME HIGHLIGHTS!
wild3bill Champion Author New York Posts:2,551 Points:1,696,240 Joined:Nov 2005	Message Posted: Feb 16, 2011 11:46:47 PM Ignore wild3bill Report Abuse Good chance the Valentines gouge will fizzl;e again this spring. Feb 14 is around the seasonal blend change is an opportunity to build the foundation for summe prices. Almost every body is going up two or three cents. there are a few stations going low ball I thing we will catch a break this year! :-)
mfeldstein Champion Author Ottawa Posts:8,306 Points:1,957,205 Joined:Feb 2007	Message Posted: Feb 16, 2011 11:40:43 PM Ignore mfeldstein Report Abuse Mathematical gobbledeegoop. Prices in Ottawa are going up tomorrow.
djtdi Champion Author San Jose Posts:2,840 Points:724,700 Joined:Aug 2005	Message Posted: Feb 16, 2011 11:37:03 PM Ignore djtdi Report Abuse Please please. Not rehash again!
RobertSpratt Champion Author Virginia Beach Posts:4,965 Points:1,070,015 Joined:Jul 2007	Message Posted: Feb 16, 2011 11:36:57 PM Ignore RobertSpratt Report Abuse not sure about that
sivart Champion Author Arkansas Posts:18,393 Points:3,098,475 Joined:May 2004	Message Posted: Feb 16, 2011 11:35:16 PM Ignore sivart Report Abuse Who does the math?
zeddieiv Champion Author Columbia Posts:5,740 Points:1,504,905 Joined:Oct 2006	Message Posted: Feb 16, 2011 11:30:31 PM Ignore zeddieiv Report Abuse zzz
Barfood Champion Author St. Louis Posts:3,368 Points:1,036,675 Joined:Jun 2009	Message Posted: Feb 16, 2011 11:29:54 PM Ignore Barfood Report Abuse I agree with Star Cruise, prices keep going up...
mvosevich Champion Author St. Louis Posts:5,489 Points:1,115,410 Joined:Aug 2004	Message Posted: Feb 16, 2011 11:23:48 PM Ignore mvosevich Report Abuse boring
Star Cruise Champion Author Toronto Posts:1,246 Points:368,535 Joined:Sep 2004	Message Posted: Feb 16, 2011 11:16:02 PM Ignore Star Cruise Report Abuse So why does the price keep rising?
caddilac Champion Author Ontario Posts:16,754 Points:2,167,405 Joined:Apr 2007	Message Posted: Feb 16, 2011 11:15:58 PM Ignore caddilac Report Abuse Oil inventories increased. Gasoline inventories increased. Yet the price of gasoline is going up not down as one would expect when there is an increase in supply.
Quick68 Champion Author Columbus Posts:8,453 Points:1,254,475 Joined:Dec 2009	Message Posted: Feb 16, 2011 11:13:39 PM Ignore Quick68 Report Abuse The more the Crude oil inventories increased the more gas prices rise. Who does the math for big oil Washington?
Ray_10589 Champion Author New York Posts:5,086 Points:1,211,435 Joined:May 2009	Message Posted: Feb 16, 2011 11:09:24 PM Ignore Ray_10589 Report Abuse Yawn ....
sammy518 Champion Author Austin Posts:2,589 Points:539,790 Joined:Dec 2010	Message Posted: Feb 16, 2011 11:00:17 PM Ignore sammy518 Report Abuse yadda, yadda
OGW Champion Author London Posts:5,446 Points:1,558,085 Joined:Sep 2005	Message Posted: Feb 16, 2011 11:00:06 PM Ignore OGW Report Abuse According to the nothing report prices should be going down but it seldom happens.