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PD Moderator	Message Posted: Jul 7, 2011 10:07:42 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 0.9 million barrels to a total of 358.6 million barrels. At 358.6 million barrels, inventories are 0.4 million barrels below last year (-0.1%) but remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma fell 0.5 million barrels to 37.0 million barrels this week. Gasoline inventories decreased 0.6 million barrels to 212.5 million barrels. At 212.5 million barrels, inventories are now 6.9 million barrels, or 3.1% lower than last year (last week that number was 2.3% lower). Regions posting gains in inventories last week... Visit GasBuddy Blog for full article

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Message Posted: Jul 7, 2011 10:07:42 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 0.9 million barrels to a total of 358.6 million barrels. At 358.6 million barrels, inventories are 0.4 million barrels below last year (-0.1%) but remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma fell 0.5 million barrels to 37.0 million barrels this week.

Gasoline inventories decreased 0.6 million barrels to 212.5 million barrels. At 212.5 million barrels, inventories are now 6.9 million barrels, or 3.1% lower than last year (last week that number was 2.3% lower). Regions posting gains in inventories last week...

Visit GasBuddy Blog for full article

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honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Jul 9, 2011 8:10:13 AM Ignore honda0105 Report Abuse TB; not quite true, but then, some folks won't use the brain in their head...
Throroughbred Champion Author Cleveland Posts:1,031 Points:1,210,770 Joined:Jun 2007	Message Posted: Jul 8, 2011 10:55:39 PM Ignore Throroughbred Report Abuse Supply down, demand up = prices up. We have plenty of oil, but we are not allowed to drill for it. Obama, EPA, Dept of Energy, all want oil and gas as high as they can drive it, TO MAKE THEIR GREEN AGENDA APPEAR TO BE MORE AFFORDABLE. Wake up America.
Jeff4U Champion Author Atlanta Posts:8,895 Points:1,879,930 Joined:Nov 2004	Message Posted: Jul 8, 2011 12:13:20 PM Ignore Jeff4U Report Abuse This DOE inventory report just proves how far off the American Petroleum Institute's report was from the previous day, and why I always say that the API should be completely ignored. Wednesday's reaction to the API report resulted in more than a $2 spike in crude prices, just to discover Thursday that they were wrong. We paid for this misinformation through higher gas prices that followed.
katmandue Champion Author Detroit Posts:8,211 Points:2,161,820 Joined:Jul 2006	Message Posted: Jul 8, 2011 5:59:06 AM Ignore katmandue Report Abuse 0.4 down while gas prices are up almost 20% makes no sense to me, no supply and demand enconomics that I can see.
bcok Champion Author Los Angeles Posts:2,181 Points:1,555,520 Joined:Oct 2005	Message Posted: Jul 8, 2011 12:36:09 AM Ignore bcok Report Abuse Gas good to go.
madmanINwife Sophomore Author Indianapolis Posts:140 Points:27,600 Joined:Jun 2011	Message Posted: Jul 7, 2011 11:06:30 PM Ignore madmanINwife Report Abuse ok
estroh Champion Author Indiana Posts:3,749 Points:758,500 Joined:May 2011	Message Posted: Jul 7, 2011 11:06:05 PM Ignore estroh Report Abuse To be expected...
Bleeder Champion Author Virginia Posts:8,038 Points:1,718,475 Joined:Jan 2008	Message Posted: Jul 7, 2011 11:03:22 PM Ignore Bleeder Report Abuse Never really cared for this report.
umitb Champion Author Indianapolis Posts:3,823 Points:871,140 Joined:Apr 2010	Message Posted: Jul 7, 2011 11:02:38 PM Ignore umitb Report Abuse good
judgemobile Champion Author Ohio Posts:7,705 Points:2,472,635 Joined:Nov 2005	Message Posted: Jul 7, 2011 11:02:36 PM Ignore judgemobile Report Abuse greed and speculation are the new supply and demand
camel1 Champion Author Minnesota Posts:8,410 Points:2,294,315 Joined:Jul 2006	Message Posted: Jul 7, 2011 11:01:07 PM Ignore camel1 Report Abuse More worthless information that sparks more speculation
Bleeder Champion Author Virginia Posts:8,038 Points:1,718,475 Joined:Jan 2008	Message Posted: Jul 7, 2011 10:55:56 PM Ignore Bleeder Report Abuse Never really cared for this report.
mitchells Champion Author Montreal Posts:3,971 Points:1,149,960 Joined:Oct 2009	Message Posted: Jul 7, 2011 10:55:11 PM Ignore mitchells Report Abuse Wonder who counts all those barrels, and how do they count something that is constantly changing in volume?
jimbo1867 Champion Author Arizona Posts:5,517 Points:2,083,225 Joined:Apr 2005	Message Posted: Jul 7, 2011 10:50:51 PM Ignore jimbo1867 Report Abuse numbers numbers numbers
SBlouch Champion Author San Antonio Posts:8,836 Points:1,885,285 Joined:Apr 2007	Message Posted: Jul 7, 2011 10:50:16 PM Ignore SBlouch Report Abuse Under if they just use the same report form and add in the numbers. Its the same thing in condensed form we hear during the last 7 days.
OGW Champion Author London Posts:5,446 Points:1,558,085 Joined:Sep 2005	Message Posted: Jul 7, 2011 10:49:20 PM Ignore OGW Report Abuse Let's vote to ban this useles report.
SUSANCK Champion Author Chicago Posts:3,782 Points:732,205 Joined:Apr 2011	Message Posted: Jul 7, 2011 10:46:22 PM Ignore SUSANCK Report Abuse Over and over the same news...
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Jul 7, 2011 10:45:37 PM Ignore Jeeputtputt Report Abuse Looks like another (dumb) reason to raise at the pump...
sit Champion Author Cleveland Posts:5,330 Points:1,958,945 Joined:Feb 2006	Message Posted: Jul 7, 2011 10:43:56 PM Ignore sit Report Abuse hmmm.
zeddieiv Champion Author Columbia Posts:5,740 Points:1,504,905 Joined:Oct 2006	Message Posted: Jul 7, 2011 10:42:13 PM Ignore zeddieiv Report Abuse same old story
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Jul 7, 2011 10:40:16 PM Ignore mstearno Report Abuse like a big joke
iceman11 Champion Author Ontario Posts:2,715 Points:536,425 Joined:Feb 2011	Message Posted: Jul 7, 2011 10:33:09 PM Ignore iceman11 Report Abuse Here we go again
clermont40miles Champion Author Cincinnati Posts:10,754 Points:1,799,595 Joined:Apr 2008	Message Posted: Jul 7, 2011 10:32:36 PM Ignore clermont40miles Report Abuse We will see a price spike tomorrow of 20 cents. So much for the SPR-IEA oil sales making a difference. Its political effect has been spent. With no effect on prices. Just helping BHO & Co. reelection as intended.
danreino Champion Author Twin Cities Posts:8,479 Points:1,565,485 Joined:Mar 2008	Message Posted: Jul 7, 2011 10:27:34 PM Ignore danreino Report Abuse Rubbish.
dan30thz28 Champion Author New Jersey Posts:6,054 Points:2,009,715 Joined:Feb 2006	Message Posted: Jul 7, 2011 10:22:41 PM Ignore dan30thz28 Report Abuse Well, guess that's going to raise prices.
paulydel Champion Author Delaware Posts:8,893 Points:858,100 Joined:Jan 2008	Message Posted: Jul 7, 2011 10:15:10 PM Ignore paulydel Report Abuse We do not need to get off oil. Besides speculators we have to many skeptics out there. Oil is not going to run out anytime soon.
nigelb Champion Author Virginia Posts:8,595 Points:1,418,440 Joined:Feb 2008	Message Posted: Jul 7, 2011 10:14:50 PM Ignore nigelb Report Abuse If you think the report is useless, you do not have to read it and post. There are plenty of other articles you can read and post a response to get your points! I find these reports useful to see what the speculators are doing - you can bet they take this information to help them manipulate the market.
gilfarm Champion Author Alabama Posts:6,936 Points:1,976,540 Joined:Sep 2005	Message Posted: Jul 7, 2011 10:13:16 PM Ignore gilfarm Report Abuse what about prices?
MrOzzfest Veteran Author Indianapolis Posts:372 Points:121,410 Joined:Oct 2008	Message Posted: Jul 7, 2011 10:09:07 PM Ignore MrOzzfest Report Abuse we need to get off oil
GASfreak14 Champion Author Ontario Posts:1,341 Points:299,520 Joined:Oct 2010	Message Posted: Jul 7, 2011 10:06:02 PM Ignore GASfreak14 Report Abuse gas jumped 40cents/gallon here 2 days ago
lgppa Champion Author Pennsylvania Posts:19,944 Points:990,710 Joined:Sep 2010	Message Posted: Jul 7, 2011 10:04:07 PM Ignore lgppa Report Abuse Wholesale has gone up 14 cents since the 4th of July as of close today! Many retailers had been lowering the pump prices up until today, this evening local retail prices jumped from $3.47 to $3.57 and $3.59! I expect tomorrow more of the local gas stations will follow, erasing most of the stations selling at $3.45 tonight! :( ZIP 16833 is still at $3.45 for regular, but I expect tomorrow morning that will go up at least 10 cents more to $3.55! :(
RUNNER10520 All-Star Author Cleveland Posts:699 Points:871,175 Joined:Mar 2006	Message Posted: Jul 7, 2011 10:02:02 PM Ignore RUNNER10520 Report Abuse Hummm!
kundawg Champion Author Regina Posts:1,021 Points:185,675 Joined:May 2009	Message Posted: Jul 7, 2011 10:01:57 PM Ignore kundawg Report Abuse ok, do these reports really mean anything anymore?
imcute78 Sophomore Author Chicago Posts:160 Points:277,075 Joined:May 2011	Message Posted: Jul 7, 2011 9:56:14 PM Ignore imcute78 Report Abuse yup!
30mpg80 Champion Author Lexington Posts:10,265 Points:1,514,580 Joined:Nov 2008	Message Posted: Jul 7, 2011 9:55:22 PM Ignore 30mpg80 Report Abuse Those speckled taters will go wild, as usual
jdc17327 Champion Author Pennsylvania Posts:2,582 Points:199,730 Joined:May 2009	Message Posted: Jul 7, 2011 9:52:08 PM Ignore jdc17327 Report Abuse whatever!
sipper85 Champion Author Worcester Posts:1,055 Points:1,015,285 Joined:Oct 2006	Message Posted: Jul 7, 2011 9:47:04 PM Ignore sipper85 Report Abuse It will fluctuate.
Ebaz Champion Author Oklahoma City Posts:3,340 Points:737,965 Joined:Apr 2011	Message Posted: Jul 7, 2011 9:46:08 PM Ignore Ebaz Report Abuse Nothing new
woodeye55 Champion Author Gary Posts:7,507 Points:1,885,230 Joined:Mar 2006	Message Posted: Jul 7, 2011 9:45:53 PM Ignore woodeye55 Report Abuse Wonderful. Just wonderful.
toadNY Champion Author Albany Posts:7,188 Points:1,540,850 Joined:Apr 2008	Message Posted: Jul 7, 2011 9:44:44 PM Ignore toadNY Report Abuse Lot of BS.
walkingtall Champion Author Toronto Posts:4,134 Points:1,148,405 Joined:Nov 2004	Message Posted: Jul 7, 2011 9:41:28 PM Ignore walkingtall Report Abuse Different story,different week same old story.
tippybuddy Champion Author Ontario Posts:1,523 Points:207,740 Joined:Feb 2011	Message Posted: Jul 7, 2011 9:40:21 PM Ignore tippybuddy Report Abuse there is much new here for me either
bullman68 All-Star Author St. Louis Posts:599 Points:366,285 Joined:May 2011	Message Posted: Jul 7, 2011 9:35:59 PM Ignore bullman68 Report Abuse The crude cartel never sleeps.
mikesr11 Champion Author New York City Posts:3,642 Points:707,915 Joined:Mar 2011	Message Posted: Jul 7, 2011 9:35:20 PM Ignore mikesr11 Report Abuse JUST TRY NOT TO DRINK THE KOOLAID, AND THANK OBAMA FOR ALL HE HAS DONE TO US.
xwave97 Champion Author Salt Lake City Posts:1,295 Points:198,160 Joined:Apr 2011	Message Posted: Jul 7, 2011 9:33:59 PM Ignore xwave97 Report Abuse Nothing new here
nimpy Champion Author Indianapolis Posts:8,270 Points:1,727,830 Joined:Oct 2007	Message Posted: Jul 7, 2011 9:29:59 PM Ignore nimpy Report Abuse Same stuff different day
altima2008 Champion Author Philadelphia Posts:8,300 Points:1,764,715 Joined:Apr 2008	Message Posted: Jul 7, 2011 9:28:38 PM Ignore altima2008 Report Abuse DOE report is a manufactured report aimed to keep gas prices high!
DEG Champion Author Las Vegas Posts:17,745 Points:3,519,480 Joined:Jul 2003	Message Posted: Jul 7, 2011 9:27:58 PM Ignore DEG Report Abuse The weekly useless report. The only thing this tells me is that Big Oil is manipulating the supply to keep prices high.
Mr.Dirt Champion Author Albany Posts:8,465 Points:2,532,980 Joined:Mar 2004	Message Posted: Jul 7, 2011 9:23:51 PM Ignore Mr.Dirt Report Abuse if they did not hold back then we would have all the gas and oil we need
gmcgas Champion Author Atlanta Posts:6,094 Points:1,741,870 Joined:Mar 2004	Message Posted: Jul 7, 2011 9:10:46 PM Ignore gmcgas Report Abuse i'm a little down. my wallet is a lot thinner, and my tank is empty.