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Author	Topic: EIA petroleum supply/export report and what it means	Post a Reply Back to Topics

PD Moderator	Message Posted: Sep 28, 2011 11:07:32 AM Ignore PD Report Abuse The Energy Information Administration released its weekly report on the condition of petroleum inventories in the United States today. Here are some highlights: CRUDE INVENTORIES: Crude oil inventories increased by 1.9 million barrels to a total of 341.0 million barrels. At 341.0 million barrels, inventories are 17.2 million barrels below last year (-4.4%) and are above average. GASOLINE INVENTORIES: Gasoline inventories increased by 0.8 million barrels to 214.9 million barrels. At 214.9 million barrels, inventories are now 7.7 million barrels, or 3.5% lower than last year. Regions posting gains in inventories last week were the Midwest (+1.0mb), and East Coast (2.4mb). Decreases were seen on... Visit GasBuddy Blog for full article

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Message Posted: Sep 28, 2011 11:07:32 AM

Ignore PD Report Abuse

The Energy Information Administration released its weekly report on the condition of petroleum inventories in the United States today.
Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased by 1.9 million barrels to a total of 341.0 million barrels. At 341.0 million barrels, inventories are 17.2 million barrels below last year (-4.4%) and are above average.

GASOLINE INVENTORIES:
Gasoline inventories increased by 0.8 million barrels to 214.9 million barrels. At 214.9 million barrels, inventories are now 7.7 million barrels, or 3.5% lower than last year. Regions posting gains in inventories last week were the Midwest (+1.0mb), and East Coast (2.4mb). Decreases were seen on...

Visit GasBuddy Blog for full article

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1006 Champion Author Birmingham Posts:1,106 Points:1,371,110 Joined:Apr 2008	Message Posted: Oct 2, 2011 6:51:02 AM Ignore 1006 Report Abuse why are you some skeptical
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Sep 30, 2011 5:02:58 AM Ignore honda0105 Report Abuse probably don't need as much crude this year, nor as much gasoline b/c ppl don't have the money to drive long distances or often.
Throroughbred Champion Author Cleveland Posts:1,031 Points:1,210,770 Joined:Jun 2007	Message Posted: Sep 29, 2011 10:56:44 PM Ignore Throroughbred Report Abuse Interesting seeing is believing
Blue48 Champion Author Illinois Posts:7,445 Points:1,665,645 Joined:Feb 2007	Message Posted: Sep 29, 2011 10:39:53 PM Ignore Blue48 Report Abuse OK!
joelas Champion Author Cleveland Posts:1,035 Points:603,720 Joined:Jan 2011	Message Posted: Sep 29, 2011 11:39:05 AM Ignore joelas Report Abuse How about that?
jaschnabel Veteran Author Minnesota Posts:460 Points:158,200 Joined:May 2011	Message Posted: Sep 29, 2011 7:22:21 AM Ignore jaschnabel Report Abuse And yet oil stays the same or increases
RogerB Champion Author Indianapolis Posts:18,232 Points:2,651,060 Joined:Dec 2005	Message Posted: Sep 29, 2011 4:04:54 AM Ignore RogerB Report Abuse Did the DOE go DOA?
N5EXY Champion Author Austin Posts:5,632 Points:1,536,990 Joined:Jul 2004	Message Posted: Sep 29, 2011 12:02:56 AM Ignore N5EXY Report Abuse Statistics or static?
ktbaeohana Champion Author Las Vegas Posts:2,412 Points:442,125 Joined:Mar 2010	Message Posted: Sep 28, 2011 11:33:40 PM Ignore ktbaeohana Report Abuse Take care of business drop crude oil price drop.
us4usa Champion Author Missouri Posts:6,120 Points:1,137,585 Joined:May 2008	Message Posted: Sep 28, 2011 11:24:52 PM Ignore us4usa Report Abuse We need more oil to keep prices down, Big Oil export oil to keep prices high...
jkpsr Champion Author New Jersey Posts:4,207 Points:1,127,915 Joined:Jun 2005	Message Posted: Sep 28, 2011 11:17:46 PM Ignore jkpsr Report Abuse I wish that the Northeast refinery utilization could rise. In NJ we are enjoying prices south of $3 again, but can that continue?
judgemobile Champion Author Ohio Posts:7,705 Points:2,472,635 Joined:Nov 2005	Message Posted: Sep 28, 2011 11:16:09 PM Ignore judgemobile Report Abuse low 2.90's in Toledo, Ohio and 2.70's in Missouri. Remember back in May when it was over $ 4.00 and the naysayers (same crowd as in July 2008) was predicting $ 5.00 by Labor Day. FIRE THOSE INCOMPETENT PREDICTORS.
TBONE3 Champion Author Pennsylvania Posts:8,881 Points:2,004,125 Joined:Mar 2005	Message Posted: Sep 28, 2011 11:11:53 PM Ignore TBONE3 Report Abuse OK.
Bigwaynef Champion Author South Carolina Posts:11,674 Points:2,108,435 Joined:Dec 2006	Message Posted: Sep 28, 2011 11:11:06 PM Ignore Bigwaynef Report Abuse Same old - Duh...
regout Champion Author Quebec Posts:3,095 Points:860,405 Joined:May 2010	Message Posted: Sep 28, 2011 11:10:07 PM Ignore regout Report Abuse Always the same old story.
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Sep 28, 2011 11:09:55 PM Ignore frostyWV Report Abuse what does this really mean????????
tampacrvdriver Champion Author Tampa Posts:3,465 Points:738,765 Joined:May 2011	Message Posted: Sep 28, 2011 11:09:51 PM Ignore tampacrvdriver Report Abuse Confusing.
SBlouch Champion Author San Antonio Posts:8,836 Points:1,885,285 Joined:Apr 2007	Message Posted: Sep 28, 2011 11:09:10 PM Ignore SBlouch Report Abuse Another report by another federal government organization which tells us what our petroleum inventories are. Another waste of money and a duplication of effort.
tomok Champion Author Portland Posts:33,588 Points:2,373,210 Joined:Aug 2006	Message Posted: Sep 28, 2011 11:08:38 PM Ignore tomok Report Abuse The price of fuel at the pump is ‘still’ and ‘remains’ too high!
carpenter4u Champion Author Virginia Posts:2,476 Points:638,020 Joined:Jul 2011	Message Posted: Sep 28, 2011 11:07:19 PM Ignore carpenter4u Report Abuse Just allow us to drill our own.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Sep 28, 2011 11:05:40 PM Ignore tedjm1 Report Abuse Who cares.
bobt2382 Champion Author Texas Posts:3,059 Points:828,070 Joined:Apr 2010	Message Posted: Sep 28, 2011 11:05:15 PM Ignore bobt2382 Report Abuse blah blah blah same story all over again.
nightworker998 Champion Author Maryland Posts:1,907 Points:688,915 Joined:Mar 2009	Message Posted: Sep 28, 2011 10:56:52 PM Ignore nightworker998 Report Abuse That's alright they are about $0.80 above where demand would place them in an uncontrolled market.
HiGramma Champion Author Michigan Posts:1,815 Points:445,690 Joined:Oct 2008	Message Posted: Sep 28, 2011 10:54:03 PM Ignore HiGramma Report Abuse and prices are at least 50¢ per gallon higher than last year...
AuburnTim Champion Author Indiana Posts:6,828 Points:1,559,190 Joined:May 2005	Message Posted: Sep 28, 2011 10:51:39 PM Ignore AuburnTim Report Abuse Now pump prices have dropped alittle and many more food products go up more there is no end to the rip offs.
Harry813 Champion Author Iowa Posts:3,135 Points:689,115 Joined:Jul 2011	Message Posted: Sep 28, 2011 10:50:52 PM Ignore Harry813 Report Abuse So.... Will the price @ the pump go down?????????
abcdMA Champion Author Worcester Posts:8,052 Points:1,600,730 Joined:Nov 2008	Message Posted: Sep 28, 2011 10:48:38 PM Ignore abcdMA Report Abuse keep demand down
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Sep 28, 2011 10:48:07 PM Ignore mstearno Report Abuse shows price setting in my opinion
Tiernan Champion Author Chicago Posts:3,615 Points:846,550 Joined:Sep 2005	Message Posted: Sep 28, 2011 10:45:04 PM Ignore Tiernan Report Abuse Riveting read!
NorthglennBill Champion Author Denver Posts:7,557 Points:1,498,670 Joined:Oct 2008	Message Posted: Sep 28, 2011 10:40:08 PM Ignore NorthglennBill Report Abuse Supply is up, demand is down. Does this mean prices will go down?
joekayak All-Star Author Massachusetts Posts:850 Points:747,420 Joined:May 2010	Message Posted: Sep 28, 2011 10:39:53 PM Ignore joekayak Report Abuse blah blah blah same story all over again.
Blue48 Champion Author Illinois Posts:7,445 Points:1,665,645 Joined:Feb 2007	Message Posted: Sep 28, 2011 10:28:29 PM Ignore Blue48 Report Abuse WHATEVER!
MJIOWA Champion Author Iowa Posts:4,959 Points:1,104,670 Joined:Nov 2009	Message Posted: Sep 28, 2011 10:24:28 PM Ignore MJIOWA Report Abuse lol
nickrapak All-Star Author Pennsylvania Posts:513 Points:136,355 Joined:Aug 2003	Message Posted: Sep 28, 2011 10:24:09 PM Ignore nickrapak Report Abuse Did the DOE go DOA?
FlyNFool Champion Author South Carolina Posts:8,379 Points:1,712,675 Joined:Aug 2008	Message Posted: Sep 28, 2011 10:20:13 PM Ignore FlyNFool Report Abuse What happened to the DOE?
firefly09 Champion Author San Diego Posts:2,613 Points:740,105 Joined:Mar 2009	Message Posted: Sep 28, 2011 10:19:44 PM Ignore firefly09 Report Abuse No one is driving when gas is so high. They only go where they have to.
carman11 Champion Author North Carolina Posts:3,480 Points:719,425 Joined:Jun 2011	Message Posted: Sep 28, 2011 10:15:51 PM Ignore carman11 Report Abuse Must be because of all these hybird, electric, propane, and LNG Vehicles on the road.
Gypsymom Rookie Author New Jersey Posts:33 Points:73,205 Joined:Jun 2009	Message Posted: Sep 28, 2011 10:13:27 PM Ignore Gypsymom Report Abuse People don't have the money to spend on gas
pghjim All-Star Author Los Angeles Posts:691 Points:247,225 Joined:Feb 2011	Message Posted: Sep 28, 2011 10:11:08 PM Ignore pghjim Report Abuse no one working so no one using gas
Lukus Champion Author Halifax Posts:8,419 Points:1,701,255 Joined:Nov 2007	Message Posted: Sep 28, 2011 10:06:39 PM Ignore Lukus Report Abuse It means that people are not driving or don't have a job to spend money on gas.
mwo Champion Author Twin Cities Posts:1,653 Points:1,349,035 Joined:Aug 2004	Message Posted: Sep 28, 2011 10:06:32 PM Ignore mwo Report Abuse Lower please
methaneman Champion Author Minnesota Posts:2,648 Points:1,296,810 Joined:May 2002	Message Posted: Sep 28, 2011 10:04:50 PM Ignore methaneman Report Abuse Still the price of fuel remains about $1 to high because of manipulation!
sit Champion Author Cleveland Posts:5,330 Points:1,958,945 Joined:Feb 2006	Message Posted: Sep 28, 2011 10:01:57 PM Ignore sit Report Abuse Hmmm
Focus2 Champion Author Illinois Posts:7,910 Points:1,928,350 Joined:Mar 2006	Message Posted: Sep 28, 2011 10:00:42 PM Ignore Focus2 Report Abuse the U.S. exported 336,000bpd of gasoline and 881,000bpd of distillates. In total, U.S. refineries exported 2.5 million barrels per DAY of oil and products!" How are we to get off foreign oil if we continue to export oil and gasoline? The same goes for Ethanol exports! Gasoline shot up here 30 cents a gallon today at all stations! Talk about manipulation of supply!
jwalkerh Champion Author Louisiana Posts:6,197 Points:1,377,430 Joined:Oct 2008	Message Posted: Sep 28, 2011 9:57:17 PM Ignore jwalkerh Report Abuse Ok, whatever works best...
cehend Champion Author Maryland Posts:1,725 Points:461,525 Joined:Jan 2011	Message Posted: Sep 28, 2011 9:52:54 PM Ignore cehend Report Abuse I hope that the US can export more oil.
kgbellman Champion Author Ann Arbor Posts:2,854 Points:759,540 Joined:Mar 2011	Message Posted: Sep 28, 2011 9:49:17 PM Ignore kgbellman Report Abuse I guess, in the big picture, the US needs to export more oil in order to afford the oil we import ?!?
MRED3 Champion Author Jacksonville Posts:4,041 Points:941,670 Joined:May 2009	Message Posted: Sep 28, 2011 9:48:26 PM Ignore MRED3 Report Abuse No sht look who in the White House.
Taviansnana Veteran Author Florida Posts:443 Points:165,725 Joined:Mar 2011	Message Posted: Sep 28, 2011 9:46:44 PM Ignore Taviansnana Report Abuse Whatever
sammy518 Champion Author Austin Posts:2,589 Points:539,790 Joined:Dec 2010	Message Posted: Sep 28, 2011 9:46:25 PM Ignore sammy518 Report Abuse ok