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PD Moderator	Message Posted: Mar 9, 2011 11:35:39 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 2.5 million barrels to a total of 348.9 million barrels. At 348.9 million barrels, inventories are 5.9 million barrels above last year (1.7%) and are slightly above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 1.7 million barrels to 40.3 million barrels this week. Gasoline inventories decreased 5.5 million barrels to 229.2 million barrels. At 229.2 million barrels, inventories are now 0.2 million barrels, or 0.1% higher than last year (last week that number was 1.2% higher). No regions reported an increase in gasoline... Visit GasBuddy Blog for full article

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Message Posted: Mar 9, 2011 11:35:39 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 2.5 million barrels to a total of 348.9 million barrels. At 348.9 million barrels, inventories are 5.9 million barrels above last year (1.7%) and are slightly above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 1.7 million barrels to 40.3 million barrels this week.

Gasoline inventories decreased 5.5 million barrels to 229.2 million barrels. At 229.2 million barrels, inventories are now 0.2 million barrels, or 0.1% higher than last year (last week that number was 1.2% higher). No regions reported an increase in gasoline...

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jtmalone Rookie Author Illinois Posts:21 Points:17,130 Joined:Apr 2011	Message Posted: Apr 26, 2011 2:11:07 PM Ignore jtmalone Report Abuse I just filled my bike tires with air!
N5EXY Champion Author Austin Posts:5,487 Points:1,509,105 Joined:Jul 2004	Message Posted: Mar 11, 2011 11:06:22 AM Ignore N5EXY Report Abuse More of the same.
RogerB Champion Author Indianapolis Posts:18,056 Points:2,623,135 Joined:Dec 2005	Message Posted: Mar 11, 2011 9:27:34 AM Ignore RogerB Report Abuse Something must have happened yesterday. Prices at many Indiana stations jumped 30 cents - to $3.65, late in the day yesterday.
PARO Rookie Author Detroit Posts:12 Points:1,825 Joined:Nov 2007	Message Posted: Mar 10, 2011 6:48:21 PM Ignore PARO Report Abuse If you want to know if gas prices are going to stay high drive past the Fort and Schafer Marathon refinery. When the parking lots are empty gas prices are high. When the parking lots are full gas prices are down.
Bezalel Champion Author Oklahoma City Posts:12,094 Points:2,289,815 Joined:Oct 2006	Message Posted: Mar 10, 2011 1:08:42 AM Ignore Bezalel Report Abuse Gas inventories above last year and so are prices.
N5EXY Champion Author Austin Posts:5,487 Points:1,509,105 Joined:Jul 2004	Message Posted: Mar 10, 2011 1:08:29 AM Ignore N5EXY Report Abuse 45 weekly GasBuddy points - - -
EVBuddy Champion Author Nevada Posts:16,685 Points:3,030,620 Joined:Sep 2004	Message Posted: Mar 10, 2011 12:41:45 AM Ignore EVBuddy Report Abuse They shour change this to monthly
ysmc Champion Author Providence Posts:10,558 Points:2,021,645 Joined:Apr 2007	Message Posted: Mar 10, 2011 12:40:11 AM Ignore ysmc Report Abuse East coast refineries operated at only 75% of capacity.......no demand that means prices should drop....... they went up instead.......ban sepculation in oil futures now, make it a felony, declare them enemy combatants or traitors, deport them or shoot them
2tone1 Champion Author Ontario Posts:4,328 Points:1,156,155 Joined:Dec 2009	Message Posted: Mar 10, 2011 12:37:24 AM Ignore 2tone1 Report Abuse So what ever happened to supply and demand, as the price at the pumps keeps going up.
WalkingWV Champion Author West Virginia Posts:3,701 Points:778,845 Joined:May 2008	Message Posted: Mar 10, 2011 12:32:46 AM Ignore WalkingWV Report Abuse yawn None of this info matches up with prices. Invade the terrorist cell, located on Wall St. in NYC.
BBHybrid Champion Author Pittsburgh Posts:6,465 Points:1,294,070 Joined:Aug 2008	Message Posted: Mar 10, 2011 12:18:23 AM Ignore BBHybrid Report Abuse same old info
REDFINGER Champion Author Montreal Posts:1,380 Points:282,750 Joined:Dec 2010	Message Posted: Mar 10, 2011 12:16:41 AM Ignore REDFINGER Report Abuse Thanks as usual for very informative article.
joel27nc Champion Author Raleigh Posts:10,532 Points:1,857,395 Joined:Mar 2008	Message Posted: Mar 10, 2011 12:15:49 AM Ignore joel27nc Report Abuse Thanks for the update.
judgemobile Champion Author Ohio Posts:7,565 Points:2,444,160 Joined:Nov 2005	Message Posted: Mar 10, 2011 12:15:21 AM Ignore judgemobile Report Abuse with NO real threat of shortage, the Saudis offering to make up any shortfall, no Suez Canal problem, and we do not use Libyan oil, if supplies same as or greater than last year were to be believed, we should be paying the SAME as last year. HA HA HA. Greed and Speculation are the new supply and demand.
rxman1 Champion Author Toledo Posts:9,540 Points:1,860,920 Joined:Nov 2007	Message Posted: Mar 10, 2011 12:14:49 AM Ignore rxman1 Report Abuse Wheat, Coffee, and Cotton up. Soybeans, Sugar, Corn and ethanol down.
jkpsr Champion Author New Jersey Posts:4,074 Points:1,100,930 Joined:Jun 2005	Message Posted: Mar 10, 2011 12:13:37 AM Ignore jkpsr Report Abuse This shows that the oil prices are not sustainable.
LoneGuy Champion Author Lansing Posts:8,475 Points:2,317,020 Joined:Aug 2005	Message Posted: Mar 10, 2011 12:12:24 AM Ignore LoneGuy Report Abuse Maybe the cost of fuel leads to less demand.
billy44bo Champion Author Mobile Posts:7,198 Points:1,489,690 Joined:Feb 2008	Message Posted: Mar 10, 2011 12:12:17 AM Ignore billy44bo Report Abuse but is big oil cutting the production of gas right now which would let that gas number go down?
bababooey2 Champion Author Hartford Posts:6,342 Points:1,301,640 Joined:Sep 2009	Message Posted: Mar 10, 2011 12:09:33 AM Ignore bababooey2 Report Abuse Sounds like a joke, enough of the BS.
WVUtailgater Champion Author Cleveland Posts:8,431 Points:1,697,710 Joined:Aug 2008	Message Posted: Mar 10, 2011 12:04:11 AM Ignore WVUtailgater Report Abuse now this makes me feel a whole lot better
jim27106 All-Star Author North Carolina Posts:770 Points:781,210 Joined:Feb 2009	Message Posted: Mar 10, 2011 12:00:42 AM Ignore jim27106 Report Abuse Is the DOE supposed to try to keep gas prices stable or anything like that?
danreino Champion Author Twin Cities Posts:8,343 Points:1,538,780 Joined:Mar 2008	Message Posted: Mar 9, 2011 11:56:34 PM Ignore danreino Report Abuse I want the BUCK report highlights.
mstearno Champion Author Dayton Posts:8,061 Points:1,730,260 Joined:Jan 2008	Message Posted: Mar 9, 2011 11:52:08 PM Ignore mstearno Report Abuse a big joke
firechief Champion Author New York Posts:3,441 Points:2,065,400 Joined:Mar 2004	Message Posted: Mar 9, 2011 11:39:08 PM Ignore firechief Report Abuse And the price continues to climb climb climb
moody4u Champion Author Cincinnati Posts:3,847 Points:767,245 Joined:Oct 2008	Message Posted: Mar 9, 2011 11:38:25 PM Ignore moody4u Report Abuse Lies & Greed !
wwardyota Champion Author Honolulu Posts:1,451 Points:795,210 Joined:May 2008	Message Posted: Mar 9, 2011 11:36:05 PM Ignore wwardyota Report Abuse yes, so if supply and demand is true and there is ample supply, who's manipulating prices?
altima2008 Champion Author Philadelphia Posts:8,155 Points:1,736,065 Joined:Apr 2008	Message Posted: Mar 9, 2011 11:11:04 PM Ignore altima2008 Report Abuse Who cares the prices will go up regardless.
Lukus Champion Author Halifax Posts:8,278 Points:1,673,555 Joined:Nov 2007	Message Posted: Mar 9, 2011 11:09:51 PM Ignore Lukus Report Abuse Normally if inventories go up prices would go down but we now have bad economics.
DustyHorse Champion Author Virginia Posts:6,079 Points:1,390,785 Joined:Oct 2008	Message Posted: Mar 9, 2011 11:06:04 PM Ignore DustyHorse Report Abuse Oil inventories go up while gas inventories go down. Sounds a little suspicious.
jabo46 All-Star Author Shreveport Posts:509 Points:525,590 Joined:Jun 2008	Message Posted: Mar 9, 2011 11:02:22 PM Ignore jabo46 Report Abuse Lets unite and ride a bike, one day a week!!!!
96sc1 Champion Author El Paso Posts:8,517 Points:1,367,440 Joined:Mar 2008	Message Posted: Mar 9, 2011 11:01:47 PM Ignore 96sc1 Report Abuse I'm happy to see 82% refinery utilization.
mwo Champion Author Twin Cities Posts:1,640 Points:1,332,550 Joined:Aug 2004	Message Posted: Mar 9, 2011 11:01:34 PM Ignore mwo Report Abuse Why is gas going in the other direction?
DougtheEconMan Champion Author Akron Posts:1,903 Points:268,690 Joined:Feb 2008	Message Posted: Mar 9, 2011 11:00:22 PM Ignore DougtheEconMan Report Abuse Drill natgas in the USA! Use natgas in the USA!
ByGuy Champion Author Dallas Posts:7,843 Points:1,707,290 Joined:Nov 2005	Message Posted: Mar 9, 2011 10:58:44 PM Ignore ByGuy Report Abuse Yes, I am ready to cut their budget!
craigsfrank Champion Author Arkansas Posts:2,198 Points:839,080 Joined:Jun 2010	Message Posted: Mar 9, 2011 10:53:11 PM Ignore craigsfrank Report Abuse Another government waste of money to fund these people. Budget Cuts please!
fightbigoil71 Champion Author Milwaukee Posts:7,557 Points:1,544,680 Joined:Nov 2008	Message Posted: Mar 9, 2011 10:48:58 PM Ignore fightbigoil71 Report Abuse Either way the report goes, prices rise. The report is a waste of time, energy, and money.
Gas_Buzzer Champion Author South Carolina Posts:14,149 Points:2,592,415 Joined:Sep 2005	Message Posted: Mar 9, 2011 10:43:09 PM Ignore Gas_Buzzer Report Abuse What are these 16,00 idiots doing each day other than sucking off the government's teat?
minnesotagirl Champion Author Milwaukee Posts:5,858 Points:1,230,715 Joined:Oct 2009	Message Posted: Mar 9, 2011 10:41:09 PM Ignore minnesotagirl Report Abuse More excuses to raise prices, no matter which way the inventory goes.
gmcgas Champion Author Atlanta Posts:5,948 Points:1,713,195 Joined:Mar 2004	Message Posted: Mar 9, 2011 10:35:17 PM Ignore gmcgas Report Abuse another weekly attempt to justify their role in government spending.
jb107 Champion Author New Jersey Posts:9,549 Points:2,621,025 Joined:Sep 2005	Message Posted: Mar 9, 2011 10:33:39 PM Ignore jb107 Report Abuse Oil inventories increased while gasoline inventories decreased makes it sound like the they are pushing gas prices up by not producing the gas.
Gerg001 Champion Author San Bernardino Posts:2,563 Points:1,015,765 Joined:Feb 2006	Message Posted: Mar 9, 2011 10:32:58 PM Ignore Gerg001 Report Abuse Great. To bad we already know what it means.
Ghosty1 Champion Author Quebec Posts:1,544 Points:383,000 Joined:Jan 2011	Message Posted: Mar 9, 2011 10:30:11 PM Ignore Ghosty1 Report Abuse Another useless report.
jcurley Champion Author California Posts:7,893 Points:1,774,045 Joined:Dec 2007	Message Posted: Mar 9, 2011 10:30:03 PM Ignore jcurley Report Abuse I'm torn. I like getting the numbers report. It is interesting. But I'm frustrated that we ended up with really watered down financial reform (Dodd-someone bill) and the speculation continues to drive up prices and defy any supply/demand curve.
biza4u Champion Author New Haven Posts:8,518 Points:1,626,925 Joined:Jan 2007	Message Posted: Mar 9, 2011 10:18:39 PM Ignore biza4u Report Abuse Nothing to highlight
zeddieiv Champion Author Columbia Posts:5,740 Points:1,504,905 Joined:Oct 2006	Message Posted: Mar 9, 2011 10:13:15 PM Ignore zeddieiv Report Abuse absolutely nothing!
abcdMA Champion Author Worcester Posts:7,917 Points:1,574,005 Joined:Nov 2008	Message Posted: Mar 9, 2011 10:10:43 PM Ignore abcdMA Report Abuse very interesting--what does it all mean
Martillo Champion Author Dallas Posts:1,594 Points:729,160 Joined:Nov 2008	Message Posted: Mar 9, 2011 10:09:34 PM Ignore Martillo Report Abuse Wow.
skybiker Champion Author South Carolina Posts:7,292 Points:1,558,540 Joined:Jul 2008	Message Posted: Mar 9, 2011 10:08:59 PM Ignore skybiker Report Abuse DOE...what a joke!!....
cheap59 Champion Author Michigan Posts:4,240 Points:960,770 Joined:May 2010	Message Posted: Mar 9, 2011 10:05:28 PM Ignore cheap59 Report Abuse Oil increase and gas decrease. Even it out and we'll have lower gas prices.
divebomber Champion Author Nebraska Posts:6,073 Points:1,811,300 Joined:Jun 2007	Message Posted: Mar 9, 2011 10:02:30 PM Ignore divebomber Report Abuse Bla...Bla...Bla...!