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PD Moderator	Message Posted: Nov 24, 2010 9:58:55 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 1.0 million barrels to a total of 358.6 million barrels. At 358.6 million barrels, inventories are 20.8 million barrels above last year (6.2%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 0.5 million barrels to 33.6 million barrels this week. Gasoline inventories increased 1.9 million barrels to 209.6 million barrels. At 209.6 million barrels, inventories are now 0.5 million barrels, or -0.2% lower than last year (last week that number was -0.7% higher). Decreases were seen in the Midwest (-0.... Visit GasBuddy Blog for full article

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Message Posted: Nov 24, 2010 9:58:55 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 1.0 million barrels to a total of 358.6 million barrels. At 358.6 million barrels, inventories are 20.8 million barrels above last year (6.2%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 0.5 million barrels to 33.6 million barrels this week.

Gasoline inventories increased 1.9 million barrels to 209.6 million barrels. At 209.6 million barrels, inventories are now 0.5 million barrels, or -0.2% lower than last year (last week that number was -0.7% higher). Decreases were seen in the Midwest (-0....

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Martinman Champion Author Mississippi Posts:14,739 Points:2,093,830 Joined:Sep 2005	Message Posted: Nov 26, 2010 12:34:25 AM Ignore Martinman Report Abuse Realize that a 1.9 million "build" in gasoline inventories is the equivalent of a 4.1 million barrel increase in the crude oil inventory, in the absense of a drop in consumption. And it should result in a 9 million barrel increase in distillates, in the absence of changes in consumption.
RedRam2005 Champion Author San Antonio Posts:7,749 Points:1,499,940 Joined:Dec 2007	Message Posted: Nov 25, 2010 4:14:51 PM Ignore RedRam2005 Report Abuse One guess is as good as another.
remay Champion Author Houston Posts:6,973 Points:2,118,590 Joined:May 2006	Message Posted: Nov 25, 2010 2:21:43 PM Ignore remay Report Abuse Charts and histograms would be nicer than just numbers!
N5EXY Champion Author Austin Posts:5,502 Points:1,511,580 Joined:Jul 2004	Message Posted: Nov 25, 2010 7:10:36 AM Ignore N5EXY Report Abuse Gobble gobble garbage as usual.
Joeski1 Champion Author New Jersey Posts:10,012 Points:1,743,785 Joined:Dec 2004	Message Posted: Nov 25, 2010 6:58:23 AM Ignore Joeski1 Report Abuse bunch of numbers goobly gook to go with your stuffing.
wegman Champion Author Twin Cities Posts:7,817 Points:2,090,500 Joined:Jun 2001	Message Posted: Nov 25, 2010 5:40:25 AM Ignore wegman Report Abuse Inventory up good for prices.
antwan68 Veteran Author San Antonio Posts:280 Points:242,165 Joined:Aug 2008	Message Posted: Nov 25, 2010 5:22:29 AM Ignore antwan68 Report Abuse Huh?
Don1222 Champion Author Michigan Posts:7,802 Points:1,089,855 Joined:Jul 2008	Message Posted: Nov 25, 2010 5:19:23 AM Ignore Don1222 Report Abuse What are the speculators going to do with this information?
naw62 Champion Author Maine Posts:9,442 Points:2,218,865 Joined:Sep 2006	Message Posted: Nov 25, 2010 5:17:30 AM Ignore naw62 Report Abuse Watch out for these reports
wild3bill Champion Author New York Posts:2,546 Points:1,687,165 Joined:Nov 2005	Message Posted: Nov 25, 2010 2:33:45 AM Ignore wild3bill Report Abuse Says inventory up 1 milion BBL Other article expected it to say down by 2 million BBL Prices should crash
packards42 Champion Author Washington Posts:6,447 Points:1,128,590 Joined:Feb 2005	Message Posted: Nov 25, 2010 2:27:11 AM Ignore packards42 Report Abuse High inventories and higher prices, I wonder who really in charge.
pulpwood Champion Author Mississippi Posts:7,379 Points:1,859,605 Joined:Sep 2006	Message Posted: Nov 25, 2010 2:25:26 AM Ignore pulpwood Report Abuse Blah blah blah....... prices still up at the pump!
lgwhitlock Champion Author Chico Posts:7,395 Points:1,687,445 Joined:Jun 2008	Message Posted: Nov 25, 2010 2:19:53 AM Ignore lgwhitlock Report Abuse Another speculation report paid for by us the tax payers...
findcheap Champion Author Los Angeles Posts:9,607 Points:2,011,825 Joined:Apr 2007	Message Posted: Nov 25, 2010 2:10:26 AM Ignore findcheap Report Abuse so . . . ?
Tundralimited2009 Champion Author Dallas Posts:38,812 Points:1,447,425 Joined:Feb 2009	Message Posted: Nov 25, 2010 2:05:43 AM Ignore Tundralimited2009 Report Abuse Another Gov't Committee
firechief Champion Author New York Posts:3,451 Points:2,067,350 Joined:Mar 2004	Message Posted: Nov 25, 2010 2:03:56 AM Ignore firechief Report Abuse and this means nothing
runway12 Champion Author Tacoma Posts:3,061 Points:602,540 Joined:Aug 2008	Message Posted: Nov 25, 2010 2:01:22 AM Ignore runway12 Report Abuse Interesting on the increases.
TWS658 Champion Author Portland Posts:4,543 Points:950,875 Joined:Sep 2005	Message Posted: Nov 25, 2010 1:51:50 AM Ignore TWS658 Report Abuse Ok
Weirdomania1 Champion Author Orange County Posts:3,128 Points:742,620 Joined:Jan 2008	Message Posted: Nov 25, 2010 1:47:38 AM Ignore Weirdomania1 Report Abuse Yawn
Grismer Champion Author Kitchener-Waterloo Posts:8,539 Points:1,725,020 Joined:Apr 2008	Message Posted: Nov 25, 2010 1:41:07 AM Ignore Grismer Report Abuse These statistics are not really relevant to the price paid at the gas pumps by the average driver.
gass12 Champion Author Omaha Posts:8,399 Points:2,305,665 Joined:Oct 2005	Message Posted: Nov 25, 2010 1:40:55 AM Ignore gass12 Report Abuse What differencee does it make the prices stay the same.
bobdec Champion Author Miami Posts:8,969 Points:1,771,545 Joined:May 2008	Message Posted: Nov 25, 2010 1:33:20 AM Ignore bobdec Report Abuse This report is useless, as it cannot be believed
hubcapLA Champion Author Louisiana Posts:3,905 Points:940,435 Joined:Apr 2009	Message Posted: Nov 25, 2010 1:20:04 AM Ignore hubcapLA Report Abuse From the government so I don't trust it.
OnTheWater Champion Author Orange County Posts:2,123 Points:623,130 Joined:Nov 2009	Message Posted: Nov 25, 2010 1:17:41 AM Ignore OnTheWater Report Abuse Same old DOE report don't believe anything you see here they say what ever they can to raise fuel prices!!!!
wwardyota Champion Author Honolulu Posts:1,451 Points:795,210 Joined:May 2008	Message Posted: Nov 25, 2010 1:06:19 AM Ignore wwardyota Report Abuse he-eey, what happened to supply and demand? when we're low on supplies, the prices are high now that there's more than ample supplies, why aren't prices dropping?
RENEGADEGAS Champion Author Missouri Posts:14,924 Points:1,593,175 Joined:Jul 2008	Message Posted: Nov 25, 2010 12:59:30 AM Ignore RENEGADEGAS Report Abuse Never trust anything from any agency of this administration.
goodbuy Champion Author Michigan Posts:7,673 Points:1,423,555 Joined:May 2005	Message Posted: Nov 25, 2010 12:58:35 AM Ignore goodbuy Report Abuse Seeing how inventories were expected to drop anywhere from 1.5 million barrels to 2 million barrels, someone made a 2.5 to 3 million barrel mistake. Guess you can't believe anyone any more.
Canucktree Champion Author Alberta Posts:4,901 Points:1,021,600 Joined:Dec 2008	Message Posted: Nov 25, 2010 12:49:49 AM Ignore Canucktree Report Abuse Just look at the graphs.
grouch311 Champion Author Peoria Posts:6,380 Points:1,574,670 Joined:Jun 2007	Message Posted: Nov 25, 2010 12:45:05 AM Ignore grouch311 Report Abuse personally, I find these reports a waste of time
unicornpmb Champion Author Buffalo Posts:8,496 Points:1,630,490 Joined:Sep 2005	Message Posted: Nov 25, 2010 12:34:53 AM Ignore unicornpmb Report Abuse Great news.
comprof Champion Author Houston Posts:6,870 Points:1,358,700 Joined:Jul 2009	Message Posted: Nov 25, 2010 12:31:08 AM Ignore comprof Report Abuse Too much variability to pay any attention to.
Eichhornchen Champion Author Detroit Posts:3,787 Points:750,470 Joined:Feb 2009	Message Posted: Nov 25, 2010 12:24:14 AM Ignore Eichhornchen Report Abuse This changes constantly
jackson661 Champion Author Columbus Posts:3,772 Points:1,478,745 Joined:May 2006	Message Posted: Nov 25, 2010 12:22:09 AM Ignore jackson661 Report Abuse Refiners are finally coming out of maintenance and are again producing products.
Bruno44 Champion Author Texas Posts:7,085 Points:1,770,145 Joined:Sep 2007	Message Posted: Nov 25, 2010 12:18:39 AM Ignore Bruno44 Report Abuse Greenfog, thought you might like a definition of "expert" from years ago: An "ex" is a has been, and a "spert" is a drip under pressure. Kind of fits govt groups today.
greenfog Champion Author Illinois Posts:6,500 Points:1,640,220 Joined:Feb 2008	Message Posted: Nov 25, 2010 12:15:30 AM Ignore greenfog Report Abuse of course they increased, they jack up the prices and driving slows down a 2nd grader can understand that concept. why cant the experts.
mwo Champion Author Twin Cities Posts:1,640 Points:1,333,400 Joined:Aug 2004	Message Posted: Nov 25, 2010 12:04:58 AM Ignore mwo Report Abuse Go ahead screw us some more.
Bill100 Champion Author Grand Rapids Posts:41,498 Points:1,163,820 Joined:Jan 2010	Message Posted: Nov 25, 2010 12:03:44 AM Ignore Bill100 Report Abuse It seemed to be up more than is appreciated at midday Wednesday.
gdognit1955 Champion Author Los Angeles Posts:6,823 Points:1,360,820 Joined:May 2007	Message Posted: Nov 24, 2010 11:58:45 PM Ignore gdognit1955 Report Abuse ok
divebomber Champion Author Nebraska Posts:6,083 Points:1,813,250 Joined:Jun 2007	Message Posted: Nov 24, 2010 11:58:26 PM Ignore divebomber Report Abuse Bla...Bla...Bla...?
10k Champion Author North Carolina Posts:21,267 Points:2,255,970 Joined:May 2006	Message Posted: Nov 24, 2010 11:57:42 PM Ignore 10k Report Abuse it's thanksgiving on the east coast-i would give many thanks if this useless government crap would just go away.. happy thanksgiving to the united states ;)
Zonk Champion Author Michigan Posts:6,491 Points:2,103,965 Joined:Oct 2005	Message Posted: Nov 24, 2010 11:52:40 PM Ignore Zonk Report Abuse What this report states and pump prices do not always flow in the same direction.
EssexAdri Champion Author Jacksonville Posts:1,149 Points:280,690 Joined:Jul 2010	Message Posted: Nov 24, 2010 11:45:40 PM Ignore EssexAdri Report Abuse when the inventories go up why doesn't the price at the pump go down? when the inventories drop by any amount the price at the pump shoots up faster than the inventory status can be reported? we either are being lied to by the DOE Report or the oil companies are price gouging, which is it?
runout9 Champion Author New Jersey Posts:3,240 Points:978,145 Joined:Dec 2008	Message Posted: Nov 24, 2010 11:38:46 PM Ignore runout9 Report Abuse Crude remains in an uptrend, unless $74.50/bbl is taken out to the downside.
Prodaddy Champion Author Houston Posts:8,385 Points:1,897,035 Joined:May 2007	Message Posted: Nov 24, 2010 11:37:40 PM Ignore Prodaddy Report Abuse Didn't see much changing
TBONE3 Champion Author Pennsylvania Posts:8,756 Points:1,978,600 Joined:Mar 2005	Message Posted: Nov 24, 2010 11:37:11 PM Ignore TBONE3 Report Abuse All these bits of information do not seem to support what is going on at the pump price. They do what they want and then try to justify it by numbers. Who audits the numbers???
SeerLV Champion Author Las Vegas Posts:3,930 Points:807,825 Joined:Jun 2008	Message Posted: Nov 24, 2010 11:36:49 PM Ignore SeerLV Report Abuse Inventories up and demand down means the price of gas should fall . . . if it was controlled by market forces that is.
52MPG Champion Author Dayton Posts:7,272 Points:1,742,905 Joined:Apr 2006	Message Posted: Nov 24, 2010 11:36:11 PM Ignore 52MPG Report Abuse -0.2% lower -0.7% higher What?
Ready Eddie Champion Author Twin Cities Posts:5,781 Points:1,344,720 Joined:Feb 2003	Message Posted: Nov 24, 2010 11:36:04 PM Ignore Ready Eddie Report Abuse Inventory reports tell us nothing. unless you know when taken and what other items had an effect. Was production down for a reason. Maintenance or lower demand. Just to know production was down means nothing.
pgerassi Champion Author Milwaukee Posts:10,906 Points:2,133,555 Joined:Apr 2007	Message Posted: Nov 24, 2010 11:36:02 PM Ignore pgerassi Report Abuse Prices here are dropping.
LocalSpyGuy Champion Author Tampa Posts:7,810 Points:1,587,125 Joined:Nov 2008	Message Posted: Nov 24, 2010 11:36:01 PM Ignore LocalSpyGuy Report Abuse Why worry about something that you can't control?