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GasBuddy News Article

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America's Growing Fuel Glut Could Torpedo Oil Prices (USO)

The Business Insider -- Last week was particularly worrisome for oil, since U.S. fuel inventories (distillate stocks) rose during a time of year when analysts expected a drop. The American fuel glut continues due to weak demand, and as shown below, is far worse than anything seen in recent years.

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Submitted Nov 17, 2009 By: RocPowell
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Winston76 Car icon
Veteran Author Michigan

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Message Posted: Nov 18, 2009 5:25:06 AM

I agree, this article is BS.
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Naturenut99 Car icon
Veteran Author Illinois

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Message Posted: Nov 18, 2009 2:43:15 AM

I dont believe this guy understands the definition of "glut"
I also agree with Polelane, where is the gluttony? At least in comparison to what we used to use 2 years ago. The majority of the US is still conserving.

Does this make sense to anyone else?...
" The American fuel glut continues due to weak demand,..."
Fuel glut & weak demand... those words do not go together.
That means (no offense to anyone) that a fat man fits in a skinny suit.
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POLELANE Car icon
Champion Author Ohio

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Message Posted: Nov 18, 2009 1:43:47 AM

We don't see it here yet; where is the glut; Texas ? Kuwait ? not in Ohio
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alterman156 Car icon
Champion Author New York

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Message Posted: Nov 17, 2009 10:34:14 PM

The weal demand is a result of the weak economy.
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DanMtz Car icon
Veteran Author Oakland

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Message Posted: Nov 17, 2009 9:02:53 PM

Yeah, but what really matters is what speculators are thinking, how weak the dollar is, and what's going on in China and India.
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DerHahn Car icon
Champion Author Illinois

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Message Posted: Nov 17, 2009 7:41:53 PM

not likely. we've been at record levels all year but it hasn't brought down prices and demand has been down for the past 2 years.
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BurntOrange Car icon
Champion Author Austin

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Message Posted: Nov 17, 2009 6:52:35 PM

"America's Growing Fuel Glut Could Torpedo Oil Prices"

Obama could turn out to be from Alpha Centari.
Paris Hilton could be the most intelligent women in the world.
In the future, we could all eat diets of only cupcakes.

All these "could", "may", or "might" articles are pretty silly.
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Bussman Car icon
Champion Author Dallas

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Message Posted: Nov 17, 2009 2:06:10 PM

Now if we can fix the dollar...
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undertall Car icon
Rookie Author Arkansas

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Message Posted: Nov 17, 2009 12:37:18 PM

With a warmer Nov. less fuel oil used, more inventory. Good for consumer.
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fordmexico Car icon
Champion Author Michigan

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Message Posted: Nov 17, 2009 12:17:19 PM

This is good news for the consumer.
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