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PD Moderator	Message Posted: Mar 2, 2011 10:38:44 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 decreased by 0.4 million barrels to a total of 346.4 million barrels. At 346.4 million barrels, inventories are 4.8 million barrels above last year (1.4%) and are now slightly above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 1.2 million barrels to 38.6 million barrels this week. Gasoline inventories decreased 3.6 million barrels to 234.7 million barrels. At 234.7 million barrels, inventories are now 2.8 million barrels, or 1.2% higher than last year (last week that number was unavailable). The only increases in gasoline inventories... Visit GasBuddy Blog for full article

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Message Posted: Mar 2, 2011 10:38:44 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 decreased by 0.4 million barrels to a total of 346.4 million barrels. At 346.4 million barrels, inventories are 4.8 million barrels above last year (1.4%) and are now slightly above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 1.2 million barrels to 38.6 million barrels this week.

Gasoline inventories decreased 3.6 million barrels to 234.7 million barrels. At 234.7 million barrels, inventories are now 2.8 million barrels, or 1.2% higher than last year (last week that number was unavailable). The only increases in gasoline inventories...

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amaemm Rookie Author Grand Rapids Posts:4 Points:2,055 Joined:Feb 2011	Message Posted: Mar 3, 2011 6:43:09 PM Ignore amaemm Report Abuse Of course.
computernut2008 Champion Author Ohio Posts:6,552 Points:1,346,365 Joined:Oct 2008	Message Posted: Mar 3, 2011 4:12:49 AM Ignore computernut2008 Report Abuse Get rid of the DOE
2tone1 Champion Author Ontario Posts:4,318 Points:1,154,205 Joined:Dec 2009	Message Posted: Mar 3, 2011 1:06:40 AM Ignore 2tone1 Report Abuse Didn't I just read somewhere last week that oil reserves were at their 20 year high? The spin they have going on the oil market is genius.
Geo4564 Champion Author Nevada Posts:6,901 Points:1,565,620 Joined:Aug 2007	Message Posted: Mar 3, 2011 12:55:17 AM Ignore Geo4564 Report Abuse Refineries are in slow motion.
bobdec Champion Author Miami Posts:8,949 Points:1,766,795 Joined:May 2008	Message Posted: Mar 3, 2011 12:55:17 AM Ignore bobdec Report Abuse Stop wasting time with these useless reports
cortezer Rookie Author Denver Posts:3 Points:3,335 Joined:Feb 2011	Message Posted: Mar 3, 2011 12:54:12 AM Ignore cortezer Report Abuse How about a good old fashion boycott? The only way (in my estimation) that gas prices will go down is if EVERYONE were to boycott just one major oil company's fuel stations. Like say, every Shell and any of it's sister stations (whatever they may be) OR Exxon OR (pick one, any one) Then, the one company would have to sell their product for a fair price or go out of business. No more gouging by the big oil companies. This idea was suggested some years ago, but never picked up any steam. I seem to recall it was Exxon we were all supposed to boycott (back in the days of the Valdez spill maybe) But we didn't have Exxon here in Colorado to boycott so what to do? Anyway, maybe 2 companies together, like Texaco and Conoco \ Phillips would work here. How does that sound?
granitestater Champion Author New Hampshire Posts:8,805 Points:1,427,825 Joined:Oct 2008	Message Posted: Mar 3, 2011 12:53:25 AM Ignore granitestater Report Abuse There's no shortage of GOLD either. So why doesn't its price fall?
jkpsr Champion Author New Jersey Posts:4,069 Points:1,099,105 Joined:Jun 2005	Message Posted: Mar 3, 2011 12:48:03 AM Ignore jkpsr Report Abuse This shows that there is no shortages, so prices should fall.
ysmc Champion Author Providence Posts:10,540 Points:2,018,920 Joined:Apr 2007	Message Posted: Mar 3, 2011 12:48:01 AM Ignore ysmc Report Abuse End speculation now. Consider regime change, both congress and the president
heartbroken2010 Champion Author Ottawa Posts:4,324 Points:893,535 Joined:Aug 2010	Message Posted: Mar 3, 2011 12:46:14 AM Ignore heartbroken2010 Report Abuse sometimes we get overwhelmed by statistics , but the reality is we are paying much more no matter what the inventories stats say . up here ( Ottawa , Ontario , Canada )we are really paying . example : Today Mar.3,2011 @ 12.43 AM , reg gas is $121.7 ( average all over town ) per litre ( 4.5 litres = 1 gallon ) = $5.47 a gallon . OUCH OUCH !!
mullingspices Champion Author Honolulu Posts:10,773 Points:2,114,075 Joined:Apr 2007	Message Posted: Mar 3, 2011 12:42:00 AM Ignore mullingspices Report Abuse We hit $3.99 here
rxman1 Champion Author Toledo Posts:9,522 Points:1,857,895 Joined:Nov 2007	Message Posted: Mar 3, 2011 12:40:35 AM Ignore rxman1 Report Abuse $5 gas by Memorial Day.
Jeff4U Champion Author Atlanta Posts:8,728 Points:1,849,120 Joined:Nov 2004	Message Posted: Mar 3, 2011 12:35:55 AM Ignore Jeff4U Report Abuse Inventory reports are completely irrelevant this week. The Middle-East troubles are fueling our insane prices. Gasoline prices are increasing at a much higher rate or ratio compared to prices in 2008. Back then gasoline didn't reach our current price of $3.50 per gallon until crude was near $120 per barrel. Once crude reached $147 per barrel, we paid $4.14 per gallon. An example on May, 2008: crude price $130 gas price $3.80 At the rate gas prices are advancing, gasoline will cost over $5 per gallon if crude again hits that $147 mark. In other words, when crude reaches $130 per barrel this time, expect to pay over $4.25 per gallon. [Edited by: Jeff4U at 3/3/2011 12:38:18 AM EST]
kyrunner Champion Author Lexington Posts:8,957 Points:1,695,925 Joined:Aug 2008	Message Posted: Mar 3, 2011 12:34:49 AM Ignore kyrunner Report Abuse Believe it is past time to eliminate the Dept. of Energy! Oh, by the way, gas prices in central KY went UP by $0.12 cents today to a new high of $3.49. [Edited by: kyrunner at 3/3/2011 12:35:08 AM EST]
Z51Corvette Champion Author Austin Posts:8,475 Points:1,668,445 Joined:Jan 2008	Message Posted: Mar 3, 2011 12:32:45 AM Ignore Z51Corvette Report Abuse Boring!!!
Blue_Cruzer Champion Author Lexington Posts:7,505 Points:1,666,660 Joined:Mar 2007	Message Posted: Mar 3, 2011 12:30:22 AM Ignore Blue_Cruzer Report Abuse Seems to me that no matter what the DOE report is for the week, pump prices go there own way.
RENEGADEGAS Champion Author Missouri Posts:14,894 Points:1,588,300 Joined:Jul 2008	Message Posted: Mar 3, 2011 12:30:02 AM Ignore RENEGADEGAS Report Abuse I never trust anything from an agency of this administration. Waste of space.
Zonk Champion Author Michigan Posts:6,466 Points:2,099,090 Joined:Oct 2005	Message Posted: Mar 3, 2011 12:26:53 AM Ignore Zonk Report Abuse High inventories, low usage.....pump prices increase. WHY?
boatmen Champion Author New York Posts:3,065 Points:620,305 Joined:Jan 2011	Message Posted: Mar 3, 2011 12:20:43 AM Ignore boatmen Report Abuse i wish they would come down here
Buddy2264 Champion Author Tampa Posts:11,639 Points:2,357,045 Joined:Oct 2005	Message Posted: Mar 3, 2011 12:20:05 AM Ignore Buddy2264 Report Abuse Store a little less crude, make less fuel = price goes up on fuel. Conservation keeps your money in your pocket.
Rageagainsttm Champion Author Tampa Posts:8,288 Points:1,900,055 Joined:Jul 2007	Message Posted: Mar 3, 2011 12:20:04 AM Ignore Rageagainsttm Report Abuse Never good news here.
us4usa Champion Author Missouri Posts:5,976 Points:1,109,385 Joined:May 2008	Message Posted: Mar 3, 2011 12:19:09 AM Ignore us4usa Report Abuse Gas prices dropped six cents today in town now now ONLY $3.19 boy we are lucky... last year $2.50....
Eichhornchen Champion Author Detroit Posts:3,787 Points:750,470 Joined:Feb 2009	Message Posted: Mar 3, 2011 12:16:06 AM Ignore Eichhornchen Report Abuse The department of energy was created in 1977. How did we ever get along without them before that?
Gas_Buzzer Champion Author South Carolina Posts:14,137 Points:2,590,365 Joined:Sep 2005	Message Posted: Mar 3, 2011 12:13:44 AM Ignore Gas_Buzzer Report Abuse DOE is just another waste of federal tax dollars. What exactly do they do anyway?
BobD2009 Champion Author Long Island Posts:6,974 Points:1,236,860 Joined:Apr 2009	Message Posted: Mar 3, 2011 12:13:21 AM Ignore BobD2009 Report Abuse I hate this useless report and the taxpayer funds it wastes.
pyndasky Champion Author Maryland Posts:9,985 Points:1,778,880 Joined:May 2008	Message Posted: Mar 3, 2011 12:12:32 AM Ignore pyndasky Report Abuse inventories higher than a year ago, so are prices..... what's up with that?
WalkingWV Champion Author West Virginia Posts:3,691 Points:776,795 Joined:May 2008	Message Posted: Mar 3, 2011 12:08:16 AM Ignore WalkingWV Report Abuse 46 cent increase at the pump in less than a week. $3.55 per gallon, up from $3.39 today.
Bus936 Champion Author Lexington Posts:16,423 Points:3,216,005 Joined:May 2004	Message Posted: Mar 3, 2011 12:06:53 AM Ignore Bus936 Report Abuse Well kiss my billy goats hind end, who cares?
LanguageMan1 Champion Author Tampa Posts:11,702 Points:1,657,790 Joined:Apr 2008	Message Posted: Mar 3, 2011 12:06:22 AM Ignore LanguageMan1 Report Abuse Inventories are still higher, and of course so are the prices. Pure manipulation, not speculation. How true tobin2010. [Edited by: LanguageMan1 at 3/3/2011 12:08:15 AM EST]
blu12nite Rookie Author Houston Posts:33 Points:42,635 Joined:Dec 2010	Message Posted: Mar 3, 2011 12:06:10 AM Ignore blu12nite Report Abuse The DOE is useless.
tobin2010 Champion Author Topeka Posts:10,514 Points:1,158,580 Joined:Mar 2010	Message Posted: Mar 3, 2011 12:05:27 AM Ignore tobin2010 Report Abuse Gasoline futures jumped 16 cents a gallon Monday, 9 cents Tuesday, 4 1/2 cents Wednesday. That is 30 cents so far this week and it is only Wednesday. Even higher prices soon!
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Mar 3, 2011 12:04:05 AM Ignore tedjm1 Report Abuse Who cares.
bababooey2 Champion Author Hartford Posts:6,332 Points:1,298,840 Joined:Sep 2009	Message Posted: Mar 3, 2011 12:02:47 AM Ignore bababooey2 Report Abuse Straight from the mouths of the speculators.
CardinalRed5 Veteran Author Illinois Posts:335 Points:67,300 Joined:Jan 2011	Message Posted: Mar 2, 2011 11:53:09 PM Ignore CardinalRed5 Report Abuse IT'S GUESSING TIME
mstearno Champion Author Dayton Posts:8,048 Points:1,728,210 Joined:Jan 2008	Message Posted: Mar 2, 2011 11:51:20 PM Ignore mstearno Report Abuse they think we know nothing
BTtech Sophomore Author Twin Cities Posts:190 Points:78,525 Joined:Dec 2010	Message Posted: Mar 2, 2011 11:51:19 PM Ignore BTtech Report Abuse Come on! relaease the inventory to lower the price.
applejoe Champion Author Twin Cities Posts:3,630 Points:766,420 Joined:May 2001	Message Posted: Mar 2, 2011 11:45:45 PM Ignore applejoe Report Abuse Just how stupid does the DOE think the public is?
goldrose1 Champion Author Cleveland Posts:10,926 Points:1,921,805 Joined:Feb 2005	Message Posted: Mar 2, 2011 11:38:07 PM Ignore goldrose1 Report Abuse Up again.
Eichhornchen Champion Author Detroit Posts:3,787 Points:750,470 Joined:Feb 2009	Message Posted: Mar 2, 2011 11:36:04 PM Ignore Eichhornchen Report Abuse Up go the prices.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Mar 2, 2011 11:34:31 PM Ignore tedjm1 Report Abuse Goes up & down. What else. Someone gets paid big dollars to do this one thing. That's our government.
Maintroll Champion Author Lexington Posts:8,614 Points:1,699,135 Joined:Aug 2008	Message Posted: Mar 2, 2011 11:28:30 PM Ignore Maintroll Report Abuse This waste of time and print does no one any good.
VetteFan Champion Author Indiana Posts:9,724 Points:2,025,555 Joined:Aug 2005	Message Posted: Mar 2, 2011 11:26:11 PM Ignore VetteFan Report Abuse This is a sign of people not getting the message. Conservation is taking a back seat.
FlowJo Rookie Author Quad Cities Posts:35 Points:6,170 Joined:Feb 2011	Message Posted: Mar 2, 2011 11:18:23 PM Ignore FlowJo Report Abuse how long would a stock pile last us if we really needed it?
CharK Veteran Author Orlando Posts:364 Points:130,105 Joined:May 2004	Message Posted: Mar 2, 2011 11:14:16 PM Ignore CharK Report Abuse Outlaw speculation
abcdMA Champion Author Worcester Posts:7,907 Points:1,571,955 Joined:Nov 2008	Message Posted: Mar 2, 2011 11:13:02 PM Ignore abcdMA Report Abuse and no response from Washington
abcdMA Champion Author Worcester Posts:7,907 Points:1,571,955 Joined:Nov 2008	Message Posted: Mar 2, 2011 11:11:28 PM Ignore abcdMA Report Abuse speculators at work
Lukus Champion Author Halifax Posts:8,268 Points:1,671,605 Joined:Nov 2007	Message Posted: Mar 2, 2011 11:05:53 PM Ignore Lukus Report Abuse Inventories are still up and yet prices are up as well.
milespergallon Champion Author Illinois Posts:9,729 Points:1,905,335 Joined:Feb 2007	Message Posted: Mar 2, 2011 11:02:35 PM Ignore milespergallon Report Abuse There are never 'hightlights' from this hell hole! Such a waste of OUR time!
preacherjohn Champion Author Modesto Posts:3,974 Points:1,915,840 Joined:May 2006	Message Posted: Mar 2, 2011 10:56:22 PM Ignore preacherjohn Report Abuse The only price increase has been @ the pump.
Beboper Champion Author Virginia Posts:8,707 Points:2,159,790 Joined:Oct 2005	Message Posted: Mar 2, 2011 10:55:38 PM Ignore Beboper Report Abuse no changes