Message Forum - Read Message

Category: GasBuddy Official Blog > Topics	Add to favorite topics Post New Topic

Author	Topic: Oil stockpiles fall, gasoline stockpiles post gains	Topic is locked Back to Topics

PD Moderator	Message Posted: Dec 9, 2009 11:55:50 AM Ignore PD Report Abuse The Department of Energy released its Weekly Status Report on petroleum inventories this morning, with preliminary reports indicating we would see a large drop in crude oil inventories. The report was released a short while ago and indicated a loss of 3.8 million barrels of crude oil in inventories last week, a drop of 1.1%. This week, crude stocks are just 20 million barrels higher than they were last year, a drop from the 55 million barrel difference we saw in August. (READ MORE!) Gasoline inventories rose 2.2 million barrels last week, leaving them nearly 6% higher than a year ago, and the highest level since early-October. However, gasoline demand has increased 1.2 million barrels per day over the last four weeks compared... Visit GasBuddy Blog for full article

Moderator

Message Posted: Dec 9, 2009 11:55:50 AM

Ignore PD Report Abuse

The Department of Energy released its Weekly Status Report on petroleum inventories this morning, with preliminary reports indicating we would see a large drop in crude oil inventories.

The report was released a short while ago and indicated a loss of 3.8 million barrels of crude oil in inventories last week, a drop of 1.1%. This week, crude stocks are just 20 million barrels higher than they were last year, a drop from the 55 million barrel difference we saw in August.

(READ MORE!) Gasoline inventories rose 2.2 million barrels last week, leaving them nearly 6% higher than a year ago, and the highest level since early-October. However, gasoline demand has increased 1.2 million barrels per day over the last four weeks compared...

Visit GasBuddy Blog for full article

REPLIES (newest first)Ignore Short Messages

First

Next Last

honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Dec 11, 2009 7:16:39 PM Ignore honda0105 Report Abuse rimpyCA: No kidding!
rimpyCA Champion Author Los Angeles Posts:1,550 Points:790,250 Joined:Aug 2009	Message Posted: Dec 11, 2009 2:16:41 PM Ignore rimpyCA Report Abuse gas mafia
traindude Champion Author Virginia Beach Posts:5,624 Points:1,495,855 Joined:Jun 2007	Message Posted: Dec 11, 2009 1:21:21 PM Ignore traindude Report Abuse stockpiles fall, stockpiles rise, demand falls, demand rises, everyday a contradictory report. and the lies keep coming and the speculators keep lying.
w4kh Champion Author Tennessee Posts:11,670 Points:2,228,990 Joined:May 2004	Message Posted: Dec 11, 2009 8:39:26 AM Ignore w4kh Report Abuse Crude inventories fluctuate all the time... only reason this is news is because it drives speculators to come into the crude oil futures market, which drives the price up... then the greedy refiners boost the wholesale price of gasoline and diesel, which makes it jump at the pump, using the crude oil futures prices as a cover for their greed.
cableman31 Champion Author New York Posts:8,833 Points:2,016,800 Joined:May 2004	Message Posted: Dec 11, 2009 8:37:26 AM Ignore cableman31 Report Abuse No matter what crude does short of dropping way down, pump prices will stay the same or rise due the the holiday season. Prices will fall in January when there will be a big decline in driving.
flyfast Champion Author Kansas City Posts:9,248 Points:1,825,810 Joined:Jan 2008	Message Posted: Dec 11, 2009 8:34:15 AM Ignore flyfast Report Abuse excuse down next time up they cant get right untell after
MUSTANGSRUS Champion Author Ontario Posts:7,558 Points:1,544,315 Joined:Sep 2006	Message Posted: Dec 11, 2009 8:27:58 AM Ignore MUSTANGSRUS Report Abuse Didn't we read this article yesterday?
able2ru Champion Author Little Rock Posts:2,533 Points:805,105 Joined:Mar 2005	Message Posted: Dec 11, 2009 8:27:12 AM Ignore able2ru Report Abuse of course the inventories are dropping. big oil has taken over half of the oil rigs offline. they want inventories to drop so they can claim shortages and the speculators can jack the price back up. Chavez, you need to take over american oil companies so that american citizens can get a fair price on oil and not enrichen speculators and oil barons.
Eichhornchen Champion Author Detroit Posts:3,787 Points:750,470 Joined:Feb 2009	Message Posted: Dec 11, 2009 8:26:19 AM Ignore Eichhornchen Report Abuse keep conserving
PENNYPINCHR Champion Author Twin Cities Posts:5,349 Points:2,280,520 Joined:Jul 2001	Message Posted: Dec 11, 2009 8:23:37 AM Ignore PENNYPINCHR Report Abuse Up one week down the next............
RdHogg Champion Author Houston Posts:31,019 Points:2,893,310 Joined:Jun 2004	Message Posted: Dec 11, 2009 8:21:57 AM Ignore RdHogg Report Abuse We need a new leader to start with....
condé Champion Author Michigan Posts:3,741 Points:1,813,665 Joined:Oct 2004	Message Posted: Dec 11, 2009 8:21:26 AM Ignore condé Report Abuse It's all about the money.
CLM06 Champion Author Tampa Posts:6,882 Points:1,521,560 Joined:Sep 2006	Message Posted: Dec 11, 2009 8:19:55 AM Ignore CLM06 Report Abuse It's getting to the point you can't believe anything you see or hear
SaltyDogMA Champion Author Massachusetts Posts:2,310 Points:768,315 Joined:May 2008	Message Posted: Dec 11, 2009 8:19:32 AM Ignore SaltyDogMA Report Abuse Why stockpile more crude with unemployment at 10%?
mreiff Champion Author Louisville Posts:5,350 Points:1,303,690 Joined:May 2009	Message Posted: Dec 11, 2009 8:19:06 AM Ignore mreiff Report Abuse I don't believe any of these reports are accurate and are just another excuse to manipulate the market.
TeachR06 Champion Author Raleigh Posts:3,535 Points:1,019,610 Joined:Sep 2006	Message Posted: Dec 11, 2009 8:18:42 AM Ignore TeachR06 Report Abuse We need a strong dollar to lower prices consistently.
Helms Champion Author Fort Worth Posts:4,835 Points:1,735,475 Joined:Jun 2005	Message Posted: Dec 11, 2009 8:15:13 AM Ignore Helms Report Abuse up one day, down the next...everythign is like that...except the price of oil and gas which seems to go up, up, up no matte rhow good or bad the news
pnd1 Champion Author Tallahassee Posts:5,201 Points:1,065,110 Joined:Jul 2009	Message Posted: Dec 11, 2009 8:14:45 AM Ignore pnd1 Report Abuse Supply is up, supply is down, demand is up, demand is down, prices are up, prices are down. It all demands on which article you read.
Cuzilla Champion Author Indianapolis Posts:12,193 Points:2,349,320 Joined:Sep 2005	Message Posted: Dec 11, 2009 8:14:33 AM Ignore Cuzilla Report Abuse Background noise. The long-term price trend is UP!
Grismer Champion Author Kitchener-Waterloo Posts:8,534 Points:1,724,045 Joined:Apr 2008	Message Posted: Dec 11, 2009 8:14:01 AM Ignore Grismer Report Abuse The data about oil inventory stockpiles seems to contradict previous reports indicating high reserves and continued low demand. Credibility is critical.
FuelOilOH Champion Author Cleveland Posts:2,837 Points:1,180,220 Joined:Oct 2007	Message Posted: Dec 11, 2009 8:12:18 AM Ignore FuelOilOH Report Abuse It's like the air temperature - always changing.
FunkyPMonkey Champion Author Detroit Posts:3,465 Points:1,155,650 Joined:Jun 2006	Message Posted: Dec 11, 2009 8:09:22 AM Ignore FunkyPMonkey Report Abuse Gas should continue to go down...
smoketown Champion Author Cincinnati Posts:6,231 Points:1,381,875 Joined:Feb 2008	Message Posted: Dec 11, 2009 8:09:02 AM Ignore smoketown Report Abuse Thats old as dirt....
Spetsnaz Champion Author Dayton Posts:1,879 Points:619,480 Joined:May 2006	Message Posted: Dec 11, 2009 8:09:01 AM Ignore Spetsnaz Report Abuse Ok.
tankneverfull Champion Author Charlotte Posts:6,463 Points:1,370,670 Joined:Apr 2008	Message Posted: Dec 11, 2009 8:06:02 AM Ignore tankneverfull Report Abuse A few days old here.
Lukus Champion Author Halifax Posts:8,283 Points:1,674,530 Joined:Nov 2007	Message Posted: Dec 11, 2009 8:02:02 AM Ignore Lukus Report Abuse Old report.
clermont40miles Champion Author Cincinnati Posts:10,569 Points:1,771,920 Joined:Apr 2008	Message Posted: Dec 11, 2009 8:01:19 AM Ignore clermont40miles Report Abuse Nowhere near a balance. Huge glut in supply. Keep up the good work conserving. It works and is working.
mk9999 Champion Author Rochester Posts:7,915 Points:1,673,845 Joined:Aug 2008	Message Posted: Dec 11, 2009 8:00:49 AM Ignore mk9999 Report Abuse We all need to conserve.
weenerdog Champion Author Detroit Posts:9,461 Points:1,884,890 Joined:Jan 2008	Message Posted: Dec 11, 2009 8:00:39 AM Ignore weenerdog Report Abuse then gas prices should be going down.
PhilMils Champion Author Virginia Posts:6,257 Points:1,186,025 Joined:Dec 2008	Message Posted: Dec 11, 2009 7:59:45 AM Ignore PhilMils Report Abuse It's good that we cut our use of oil by 3% over last year. I'd like to see us do a lot more of that. We need to get off oil as quickly as possible.
Dipstick1 Champion Author Amarillo Posts:6,781 Points:2,054,960 Joined:Jan 2006	Message Posted: Dec 11, 2009 7:59:36 AM Ignore Dipstick1 Report Abuse So price goes up.
MightyDude Champion Author Minnesota Posts:10,345 Points:2,647,770 Joined:Mar 2003	Message Posted: Dec 11, 2009 7:57:04 AM Ignore MightyDude Report Abuse this is so new
Tnerbeel Champion Author Houston Posts:8,824 Points:1,748,835 Joined:Mar 2007	Message Posted: Dec 11, 2009 7:55:41 AM Ignore Tnerbeel Report Abuse Seems we could find more interesting articles rather than regurgitating daily and weekly statistics all the time.
FuelBarge Champion Author Long Island Posts:9,200 Points:2,076,290 Joined:Aug 2005	Message Posted: Dec 11, 2009 7:54:32 AM Ignore FuelBarge Report Abuse Which means gasoline prices will rise (because the can).
Marson Champion Author Scranton Posts:8,947 Points:2,078,160 Joined:Oct 2006	Message Posted: Dec 11, 2009 7:50:25 AM Ignore Marson Report Abuse Just a temporary issue, many tankers waiting to unload.
arinkrat17 Champion Author Twin Cities Posts:6,285 Points:1,331,345 Joined:Aug 2009	Message Posted: Dec 11, 2009 7:46:08 AM Ignore arinkrat17 Report Abuse hope they can keep stock piling it
rvn4me Champion Author Texas Posts:5,591 Points:1,493,015 Joined:Jan 2009	Message Posted: Dec 11, 2009 7:45:43 AM Ignore rvn4me Report Abuse Old news from yesterday. Still doesnt make sense that gas stockpiles are up but so is the price.
Masercal Champion Author Michigan Posts:3,610 Points:780,740 Joined:Oct 2007	Message Posted: Dec 11, 2009 7:44:15 AM Ignore Masercal Report Abuse Continue to conserve and make the move to renewable and alternative energy today.
no_monkey2002 Champion Author Tallahassee Posts:8,415 Points:2,070,950 Joined:Mar 2006	Message Posted: Dec 11, 2009 7:40:51 AM Ignore no_monkey2002 Report Abuse stop the car,stop the truck,stop the tractor,stop the mower,stop the use of gasoline...who do you think you are ..we need to stop and think about what and why we use the gas that we do can we stop the price increase or do we give a hooot...ok it you want the price higher than use more and walk less...
LocalSpyGuy Champion Author Tampa Posts:7,800 Points:1,585,175 Joined:Nov 2008	Message Posted: Dec 11, 2009 7:39:10 AM Ignore LocalSpyGuy Report Abuse Gas prices have remained steady here but the holidays are upon us and I expect prices to be up in a week or so.
Edtx2009 Champion Author Houston Posts:1,981 Points:374,355 Joined:Jun 2009	Message Posted: Dec 11, 2009 7:37:26 AM Ignore Edtx2009 Report Abuse Supply up, down Also prices mainly up. None of it makes much sense from a logic viewpoint.
bar1035 Champion Author Charlotte Posts:9,158 Points:1,298,220 Joined:Aug 2006	Message Posted: Dec 11, 2009 7:36:57 AM Ignore bar1035 Report Abuse OH NO! Stockpiles are just 20 million more barrels than last year! Batten down the hatches!
Voltus Champion Author Miami Posts:8,456 Points:1,556,375 Joined:May 2005	Message Posted: Dec 11, 2009 7:35:41 AM Ignore Voltus Report Abuse good!
neptune2008 Champion Author Michigan Posts:8,573 Points:1,669,725 Joined:Aug 2008	Message Posted: Dec 11, 2009 7:35:27 AM Ignore neptune2008 Report Abuse no matter how much and how low...too much at pump
moody4u Champion Author Cincinnati Posts:3,847 Points:767,245 Joined:Oct 2008	Message Posted: Dec 11, 2009 7:33:46 AM Ignore moody4u Report Abuse Lies & Greed!
tom11743 Champion Author North Carolina Posts:1,740 Points:423,945 Joined:May 2005	Message Posted: Dec 11, 2009 7:33:46 AM Ignore tom11743 Report Abuse Prices have been going down in my neighborhood of late.
fcdriver Champion Author Tennessee Posts:7,248 Points:1,473,830 Joined:Sep 2008	Message Posted: Dec 11, 2009 7:32:52 AM Ignore fcdriver Report Abuse it will balance out soon
Rick01 Champion Author Utah Posts:9,018 Points:2,362,575 Joined:Sep 2005	Message Posted: Dec 11, 2009 7:31:05 AM Ignore Rick01 Report Abuse Maybe we'll get a little relief for Christmas.
racerdj Champion Author Indianapolis Posts:9,815 Points:2,056,575 Joined:Jun 2003	Message Posted: Dec 11, 2009 7:28:05 AM Ignore racerdj Report Abuse Let's see some relief at the pump starting today.
wwcj Champion Author Virginia Posts:1,600 Points:387,025 Joined:Jul 2008	Message Posted: Dec 11, 2009 7:27:29 AM Ignore wwcj Report Abuse Just wait until the EPA starts the CO2 Tax, we will soon see $5.00 a gallon tax to support the false global warming agenda.