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PD Moderator	Message Posted: Oct 20, 2010 9:38:20 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 0.7 million barrels to a total of 361.2 million barrels. At 361.2 million barrels, inventories are 22.1 million barrels above last year (6.5%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma decreased 1.1 million barrels to 34.0 million barrels this week. Gasoline inventories increased 1.2 million barrels to 219.3 million barrels. At 219.3 million barrels, inventories are now 12.4 million barrels, or 6.0% higher than last year (last week that number was 4.3% higher). Decreases were seen on the East Coast... Visit GasBuddy Blog for full article

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Message Posted: Oct 20, 2010 9:38:20 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 0.7 million barrels to a total of 361.2 million barrels. At 361.2 million barrels, inventories are 22.1 million barrels above last year (6.5%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma decreased 1.1 million barrels to 34.0 million barrels this week.

Gasoline inventories increased 1.2 million barrels to 219.3 million barrels. At 219.3 million barrels, inventories are now 12.4 million barrels, or 6.0% higher than last year (last week that number was 4.3% higher). Decreases were seen on the East Coast...

Visit GasBuddy Blog for full article

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DrCashFlow Champion Author Massachusetts Posts:7,079 Points:1,630,050 Joined:Jun 2008	Message Posted: Oct 21, 2010 8:29:58 PM Ignore DrCashFlow Report Abuse inventories still quite high ... thankfully.
remay Champion Author Houston Posts:6,978 Points:2,119,565 Joined:May 2006	Message Posted: Oct 21, 2010 2:28:07 PM Ignore remay Report Abuse Charts showing the changes vs. the price of gasoline would be nice...
dlemma Champion Author Wyoming Posts:4,116 Points:1,557,845 Joined:Feb 2008	Message Posted: Oct 21, 2010 9:14:46 AM Ignore dlemma Report Abuse Anyone here realize the tremendous demands the unions place on oil companies here? The price for that (and legacy costs) are factored into our gas prices. Think twice when you hear a politician say he wants the Employee Free Choice Act = this act guarantees that a person HAS NO choice. Just one factor in all those involved in gas prices.
carlsonguitars Champion Author Portland Posts:4,876 Points:825,980 Joined:Jan 2008	Message Posted: Oct 21, 2010 12:42:50 AM Ignore carlsonguitars Report Abuse Wow, our weekly DOE Propaganda report is here!!! Are you excited?!?!?! I AM!!!! WOW - production is running at a fraction of what it COULD, prices are rising, and inventories are looking fat......... WHAT IS WRONG WITH THIS PICTURE?!?!?! CORPORATE GREED AND CONSUMER STUPIDITY!!!!!
SBlouch Champion Author San Antonio Posts:8,745 Points:1,862,190 Joined:Apr 2007	Message Posted: Oct 21, 2010 12:09:07 AM Ignore SBlouch Report Abuse And the prices for a barrel of crude oil keep going up. We already know this but we must help keep the DOE personnel's jobs.
WCCurtis Champion Author San Bernardino Posts:3,337 Points:1,755,555 Joined:Oct 2005	Message Posted: Oct 21, 2010 12:05:34 AM Ignore WCCurtis Report Abuse Today, a barrel of Crude Oil closed up $2.28 to $81.77.
JoshuaTX Sophomore Author Texas Posts:174 Points:34,565 Joined:Apr 2008	Message Posted: Oct 20, 2010 11:58:37 PM Ignore JoshuaTX Report Abuse oh yea, the speculators, the smartest people in the world, yea
genef01 Champion Author Nashville Posts:2,611 Points:834,680 Joined:Jul 2008	Message Posted: Oct 20, 2010 11:58:15 PM Ignore genef01 Report Abuse Prices at the pump should be dropping.
PetroScopper Champion Author Houston Posts:6,634 Points:1,552,840 Joined:Aug 2008	Message Posted: Oct 20, 2010 11:49:18 PM Ignore PetroScopper Report Abuse Sooo... that means that the gas price at the pump should be dropping?!
ACTown Champion Author Oregon Posts:2,349 Points:1,432,120 Joined:Jun 2007	Message Posted: Oct 20, 2010 11:48:34 PM Ignore ACTown Report Abuse prices are down, fill up the reserves
250FORD Champion Author Minnesota Posts:8,332 Points:1,305,970 Joined:Feb 2007	Message Posted: Oct 20, 2010 11:48:06 PM Ignore 250FORD Report Abuse Looking at the hard numbers here oil is quite a bit higher than it should be.
rollma2 Champion Author Montreal Posts:1,181 Points:261,125 Joined:Jul 2009	Message Posted: Oct 20, 2010 11:47:27 PM Ignore rollma2 Report Abuse really
mvosevich Champion Author St. Louis Posts:5,489 Points:1,115,410 Joined:Aug 2004	Message Posted: Oct 20, 2010 11:46:57 PM Ignore mvosevich Report Abuse Who gives a rats fanny what the DOE says.
pgerassi Champion Author Milwaukee Posts:10,911 Points:2,134,530 Joined:Apr 2007	Message Posted: Oct 20, 2010 11:46:46 PM Ignore pgerassi Report Abuse Given that report, prices should be falling fast.
Rageagainsttm Champion Author Tampa Posts:8,313 Points:1,904,930 Joined:Jul 2007	Message Posted: Oct 20, 2010 11:36:52 PM Ignore Rageagainsttm Report Abuse Hard to understand.
granitestater Champion Author New Hampshire Posts:8,836 Points:1,432,700 Joined:Oct 2008	Message Posted: Oct 20, 2010 11:36:06 PM Ignore granitestater Report Abuse If you drive by Cushing on the Interstate, you won't see much. You have to get down into the bowels of town to see the tank farm. But it's still the place for oil if you're buying in quantity...
bigreddwg Champion Author Tampa Posts:5,002 Points:1,050,605 Joined:Nov 2005	Message Posted: Oct 20, 2010 11:34:04 PM Ignore bigreddwg Report Abuse anyone who believes this, i say - "hey buddy, i got a deed to the brooklyn bridge which i will let you have it really cheap!!"
FlyNFool Champion Author South Carolina Posts:8,254 Points:1,687,900 Joined:Aug 2008	Message Posted: Oct 20, 2010 11:29:12 PM Ignore FlyNFool Report Abuse Waste of money.
JohnofGB Champion Author Flint Posts:5,431 Points:1,098,145 Joined:Feb 2010	Message Posted: Oct 20, 2010 11:28:16 PM Ignore JohnofGB Report Abuse The posting of this report on a daily or semi daily basis makes no sense.
runout9 Champion Author New Jersey Posts:3,240 Points:978,145 Joined:Dec 2008	Message Posted: Oct 20, 2010 11:28:15 PM Ignore runout9 Report Abuse Numbers, numbers, numbers. It's the Feds policies of zero rates & printing money. This Administration's $Trillions of borrowing & spending, causing the very weak $US vs the Euro. Crude remains priced in $US & crude continues to climb.
Body53 Champion Author Missouri Posts:1,380 Points:305,030 Joined:May 2010	Message Posted: Oct 20, 2010 11:27:29 PM Ignore Body53 Report Abuse Hope the price gos way down
TBONE3 Champion Author Pennsylvania Posts:8,761 Points:1,979,575 Joined:Mar 2005	Message Posted: Oct 20, 2010 11:26:18 PM Ignore TBONE3 Report Abuse Just watch the bouncing prices.
joel27nc Champion Author Raleigh Posts:10,552 Points:1,861,295 Joined:Mar 2008	Message Posted: Oct 20, 2010 11:25:05 PM Ignore joel27nc Report Abuse So prices go up!
WVUtailgater Champion Author Cleveland Posts:8,446 Points:1,700,635 Joined:Aug 2008	Message Posted: Oct 20, 2010 11:24:35 PM Ignore WVUtailgater Report Abuse prices should be coming down
boatcrazyinme Champion Author Maine Posts:1,924 Points:547,990 Joined:Apr 2010	Message Posted: Oct 20, 2010 11:24:07 PM Ignore boatcrazyinme Report Abuse why are gas prices so dam high?
Blue_Cruzer Champion Author Lexington Posts:7,530 Points:1,671,535 Joined:Mar 2007	Message Posted: Oct 20, 2010 11:20:17 PM Ignore Blue_Cruzer Report Abuse I've said it before, a big waste of time generating this report.
camel1 Champion Author Minnesota Posts:8,280 Points:2,268,565 Joined:Jul 2006	Message Posted: Oct 20, 2010 11:16:31 PM Ignore camel1 Report Abuse Things eventually will change for the consumer when government gets the balls to regulate the market speculation causing such huge price changes.
Buddy2264 Champion Author Tampa Posts:11,669 Points:2,362,895 Joined:Oct 2005	Message Posted: Oct 20, 2010 11:13:00 PM Ignore Buddy2264 Report Abuse Everything is above average including the selling price of fuel. Conservation keeps your money in your pocket.
CobraLeader Champion Author New Jersey Posts:267,902 Points:1,200,750 Joined:Apr 2007	Message Posted: Oct 20, 2010 11:12:53 PM Ignore CobraLeader Report Abuse ... zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz ...
DosEquis26 Champion Author Chicago Posts:5,791 Points:1,926,410 Joined:Jun 2006	Message Posted: Oct 20, 2010 11:09:14 PM Ignore DosEquis26 Report Abuse prices will drop
Powerstroke73L Champion Author Sacramento Posts:2,816 Points:731,150 Joined:Jul 2008	Message Posted: Oct 20, 2010 11:08:42 PM Ignore Powerstroke73L Report Abuse Pump prices skyrocketed in the last week in part to the very minor reduction in inventory. Ya think they'll drop the same amount now that we're again seeing an increase in inventory? Me neither...
NHLiveFree Champion Author New Hampshire Posts:11,113 Points:1,625,315 Joined:Jun 2008	Message Posted: Oct 20, 2010 10:56:26 PM Ignore NHLiveFree Report Abuse More like weekly lowlights PD!
DEG Champion Author Las Vegas Posts:17,635 Points:3,497,630 Joined:Jul 2003	Message Posted: Oct 20, 2010 10:49:25 PM Ignore DEG Report Abuse This is a really useless report.
bigreddwg Champion Author Tampa Posts:5,002 Points:1,050,605 Joined:Nov 2005	Message Posted: Oct 20, 2010 10:45:17 PM Ignore bigreddwg Report Abuse who REALLY BELIEVES ANYTHING the government says anymore???
abcdMA Champion Author Worcester Posts:7,937 Points:1,577,905 Joined:Nov 2008	Message Posted: Oct 20, 2010 10:42:42 PM Ignore abcdMA Report Abuse oil reserves up, gas reserves up---whend o prices go down?
aldog365 Champion Author Nashville Posts:4,309 Points:1,789,815 Joined:Aug 2005	Message Posted: Oct 20, 2010 10:27:52 PM Ignore aldog365 Report Abuse OK.
WIPACKERFAN Champion Author Chicago Posts:8,814 Points:1,845,400 Joined:Aug 2005	Message Posted: Oct 20, 2010 10:26:17 PM Ignore WIPACKERFAN Report Abuse Blah, blah, blah.
Buck_on_Bass Champion Author Tennessee Posts:7,584 Points:1,458,010 Joined:Jul 2007	Message Posted: Oct 20, 2010 10:20:13 PM Ignore Buck_on_Bass Report Abuse The economy is still very tough for the consumers. The retailers may not have a good holiday season.
mwo Champion Author Twin Cities Posts:1,643 Points:1,334,185 Joined:Aug 2004	Message Posted: Oct 20, 2010 10:16:40 PM Ignore mwo Report Abuse Keep conserving .
able2ru Champion Author Little Rock Posts:2,533 Points:807,180 Joined:Mar 2005	Message Posted: Oct 20, 2010 10:14:13 PM Ignore able2ru Report Abuse yep, this is the new rules of economics: big supplies = higher cost fewer oil rigs online = higher cost lower supplies = higher cost more oil rigs online = higher cost (fill in the blank) = higher costs.
commins Champion Author Riverside Posts:2,008 Points:1,057,880 Joined:Feb 2009	Message Posted: Oct 20, 2010 10:11:43 PM Ignore commins Report Abuse Vote these bums out of office. PLEASE!
oldiesman Champion Author New York Posts:6,440 Points:2,196,695 Joined:May 2006	Message Posted: Oct 20, 2010 10:05:01 PM Ignore oldiesman Report Abuse Gas here out of control up 14 cents a gallon of regular in a week. The inventory means nothing, vote these bums out of office.
DustyHorse Champion Author Virginia Posts:6,098 Points:1,393,795 Joined:Oct 2008	Message Posted: Oct 20, 2010 10:04:09 PM Ignore DustyHorse Report Abuse Prices seem to go up no matter which way the inventory moves.
30mpg80 Champion Author Lexington Posts:10,061 Points:1,489,805 Joined:Nov 2008	Message Posted: Oct 20, 2010 9:55:49 PM Ignore 30mpg80 Report Abuse same old story
methaneman Champion Author Minnesota Posts:2,610 Points:1,285,325 Joined:May 2002	Message Posted: Oct 20, 2010 9:51:58 PM Ignore methaneman Report Abuse And the fuel price manipulation continues.
Minutefan Champion Author Springfield Posts:3,321 Points:1,248,255 Joined:Aug 2004	Message Posted: Oct 20, 2010 9:51:52 PM Ignore Minutefan Report Abuse inventories are up demansd is soft but prices keep going up and NO ONE says anything about it.
skybiker Champion Author South Carolina Posts:7,308 Points:1,562,215 Joined:Jul 2008	Message Posted: Oct 20, 2010 9:51:39 PM Ignore skybiker Report Abuse Means nothing to the speculators...
Voltus Champion Author Miami Posts:8,461 Points:1,557,350 Joined:May 2005	Message Posted: Oct 20, 2010 9:51:19 PM Ignore Voltus Report Abuse bureaucracy at work
carefrey Champion Author Orlando Posts:5,545 Points:1,161,435 Joined:Sep 2009	Message Posted: Oct 20, 2010 9:48:23 PM Ignore carefrey Report Abuse Prices keep going up here in Florida.
divebomber Champion Author Nebraska Posts:6,093 Points:1,815,200 Joined:Jun 2007	Message Posted: Oct 20, 2010 9:47:35 PM Ignore divebomber Report Abuse Bla...Bla...Bla...What a shell game!