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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: Oct 26, 2011 11:48:59 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 4.7 million barrels to a total of 337.6 million barrels. At 337.6 million barrels, inventories are 28.6 million barrels below last year (-7.8%) and are in the upper limit of the average range. GASOLINE INVENTORIES: Gasoline inventories decreased by 1.4 million barrels to 204.9 million barrels. At 204.9 million barrels, inventories are now 10.0 million barrels, or 4.7% lower than last year (last week that number was 6.0% lower). Here's how individual regions and their gasoline inventory fared... Visit GasBuddy Blog for full article

Moderator

Message Posted: Oct 26, 2011 11:48:59 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 4.7 million barrels to a total of 337.6 million barrels. At 337.6 million barrels, inventories are 28.6 million barrels below last year (-7.8%) and are in the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.4 million barrels to 204.9 million barrels. At 204.9 million barrels, inventories are now 10.0 million barrels, or 4.7% lower than last year (last week that number was 6.0% lower). Here's how individual regions and their gasoline inventory fared...

Visit GasBuddy Blog for full article

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TeacherSteve Rookie Author Oakland Posts:35 Points:395,790 Joined:Sep 2011	Message Posted: Nov 8, 2011 1:16:19 AM Ignore TeacherSteve Report Abuse Pay attention.
packards42 Champion Author Washington Posts:6,425 Points:1,124,590 Joined:Feb 2005	Message Posted: Oct 27, 2011 3:27:45 AM Ignore packards42 Report Abuse sound like the refinery have it right, keep gasoline tight for high prices and crude supply up for low cost supplys
thebrohta167 Champion Author New Jersey Posts:1,454 Points:233,565 Joined:Nov 2010	Message Posted: Oct 27, 2011 3:20:16 AM Ignore thebrohta167 Report Abuse ok
findcheap Champion Author Los Angeles Posts:9,577 Points:2,005,875 Joined:Apr 2007	Message Posted: Oct 27, 2011 3:13:46 AM Ignore findcheap Report Abuse doesn't accomplish anything
Pozole Champion Author Portland Posts:9,573 Points:1,590,520 Joined:Mar 2005	Message Posted: Oct 27, 2011 3:13:38 AM Ignore Pozole Report Abuse ...does that lower my gas price ?...doubt it...
jpgilmor Champion Author Houston Posts:2,151 Points:599,320 Joined:Feb 2011	Message Posted: Oct 27, 2011 3:12:22 AM Ignore jpgilmor Report Abuse Oil inventory up, Gasoline inventory down, Prices up, what's new!
NavyEOD Champion Author Los Angeles Posts:9,986 Points:2,017,150 Joined:Jul 2007	Message Posted: Oct 27, 2011 3:10:40 AM Ignore NavyEOD Report Abuse Give us some real news.
computernut2008 Champion Author Ohio Posts:6,552 Points:1,346,365 Joined:Oct 2008	Message Posted: Oct 27, 2011 2:55:15 AM Ignore computernut2008 Report Abuse More lies and BS.
EcoVore Champion Author Los Angeles Posts:3,538 Points:728,775 Joined:Jun 2008	Message Posted: Oct 27, 2011 2:51:32 AM Ignore EcoVore Report Abuse More government waste to tell us were being screwed,lol.
ntass1 Champion Author Edmonton Posts:3,775 Points:724,025 Joined:May 2011	Message Posted: Oct 27, 2011 2:47:33 AM Ignore ntass1 Report Abuse ok
Ron77095 Champion Author Houston Posts:3,040 Points:598,675 Joined:Sep 2011	Message Posted: Oct 27, 2011 2:44:16 AM Ignore Ron77095 Report Abuse ok.
jetmech568 Champion Author Idaho Posts:1,268 Points:621,265 Joined:Apr 2011	Message Posted: Oct 27, 2011 2:42:45 AM Ignore jetmech568 Report Abuse Energy Information Administration? Really? What is the Department of Energy doing and why do we need some many Administrations and Departments for? What a waste .......
jimpeel Veteran Author Colorado Posts:462 Points:107,190 Joined:Mar 2005	Message Posted: Oct 27, 2011 2:42:39 AM Ignore jimpeel Report Abuse Well said. I have often wondered why Alaskan oil ends up in Japan instead of the U.S.
MN1 Champion Author Twin Cities Posts:3,339 Points:646,590 Joined:Jun 2011	Message Posted: Oct 27, 2011 2:25:05 AM Ignore MN1 Report Abuse Refineries exporting 2.8M gallons a day and the oil industry claims they want energy independence for the US. Just more propaganda from big oil to push their agenda.
HIDDEN_DEATH Champion Author Boise Posts:1,372 Points:355,415 Joined:May 2011	Message Posted: Oct 27, 2011 2:24:02 AM Ignore HIDDEN_DEATH Report Abuse well speculation sucks! gas will never be down to the prices they were in 2000!
UseLessGasFolks Champion Author Iowa Posts:5,426 Points:1,291,850 Joined:Jul 2007	Message Posted: Oct 27, 2011 2:23:28 AM Ignore UseLessGasFolks Report Abuse Hit them back hard - CONSERVE BABY CONSERVE!!!!!
kd5kpd Champion Author Texas Posts:3,716 Points:1,412,725 Joined:Apr 2006	Message Posted: Oct 27, 2011 2:19:07 AM Ignore kd5kpd Report Abuse This is total waste of time to report, prices are controlled completely by speculation & greed.
roadrunnin Champion Author Richmond Posts:1,742 Points:560,695 Joined:May 2008	Message Posted: Oct 27, 2011 2:17:22 AM Ignore roadrunnin Report Abuse Seeing how much gasoline we export I wonder how hideous the prices are in those places, they must be worse than here for it to be more profitable to export than sell it here for us to use.
hybridaholic Champion Author Appleton Posts:8,345 Points:1,552,565 Joined:Dec 2008	Message Posted: Oct 27, 2011 2:16:05 AM Ignore hybridaholic Report Abuse Oil Inventories go up and so does the price of gas. The refiners must be squeezing the supply again.
DTrainCanada Champion Author Saskatoon Posts:1,848 Points:1,417,100 Joined:Aug 2005	Message Posted: Oct 27, 2011 2:14:18 AM Ignore DTrainCanada Report Abuse Interesting ...
roadrunnerMO Champion Author Kansas Posts:8,386 Points:1,695,465 Joined:Jul 2008	Message Posted: Oct 27, 2011 2:08:18 AM Ignore roadrunnerMO Report Abuse Amen a wasted report by wasted employees of government...
rippinusoff Champion Author Lexington Posts:7,388 Points:1,484,000 Joined:May 2007	Message Posted: Oct 27, 2011 2:05:09 AM Ignore rippinusoff Report Abuse this study or report doesn't mean anything
jdhelm Champion Author Iowa Posts:11,800 Points:1,194,890 Joined:Dec 2009	Message Posted: Oct 27, 2011 2:03:06 AM Ignore jdhelm Report Abuse crude increases and gas inventory decreases? do we need more refineries?
ortegs12009 Champion Author California Posts:1,250 Points:706,150 Joined:Jun 2009	Message Posted: Oct 27, 2011 2:00:43 AM Ignore ortegs12009 Report Abuse good
defiancegasman Champion Author Ohio Posts:7,069 Points:1,321,210 Joined:May 2006	Message Posted: Oct 27, 2011 1:59:42 AM Ignore defiancegasman Report Abuse The real reason gas is up is because the REPUBLICANS want all companies to make more profits and the DEMOCRATES want America to convert to other fuels so nobody in Congress cares if gas prices goes up. Nobouy is doing anything to try and lower gas prices. BIG OIL is loving every profit gouging minute of it.
GAS1251 Champion Author Texas Posts:5,128 Points:1,622,230 Joined:Jun 2008	Message Posted: Oct 27, 2011 1:54:56 AM Ignore GAS1251 Report Abuse Primarally to fuel speculators.
RENEGADEGAS Champion Author Missouri Posts:14,888 Points:1,587,225 Joined:Jul 2008	Message Posted: Oct 27, 2011 1:54:34 AM Ignore RENEGADEGAS Report Abuse I never trust any federal agency employed by this regime...er uh I mean, administration.
lunarrv15 Champion Author Cincinnati Posts:14,839 Points:2,381,310 Joined:Dec 2005	Message Posted: Oct 27, 2011 1:54:03 AM Ignore lunarrv15 Report Abuse someone only vocab is 'okay'
defiancegasman Champion Author Ohio Posts:7,069 Points:1,321,210 Joined:May 2006	Message Posted: Oct 27, 2011 1:53:52 AM Ignore defiancegasman Report Abuse Refiners are cutting down on supplies to increase prices. Americans are driving less than they have since 2003. Fuel economy on new cars is up. We are using less gas, demand is down but the PRICE IS UP!!! Today they raised the price of gas by 30 cents per gallon at every station in the area, even though the wholesale price was down 5 cents a gallon today. BIG OIL has so many of CONGRESS in their pockets, they just do what they like and are totally ignoring the SUPPLY and DEMAND pricing that they used to jack gas up to $4 a gallon in the first place back in 2006.
PetroScopper Champion Author Houston Posts:6,602 Points:1,545,975 Joined:Aug 2008	Message Posted: Oct 27, 2011 1:52:07 AM Ignore PetroScopper Report Abuse Interesting information...
tomok Champion Author Portland Posts:32,915 Points:2,341,510 Joined:Aug 2006	Message Posted: Oct 27, 2011 1:45:45 AM Ignore tomok Report Abuse Crude oil inventories increased, Gasoline inventories decreased, Distillate inventories decreased and Refinery utilization rise 1.7% - gasoline production decreased, distillate fuel production increased. Refineries are undergoing maintenance and operated at less than maximum levels for the West Coast, so prices at the pump are higher. Midwest refineries operated at 90.5% to process ‘cheaper’ Canadian crude oil. Total oil stocks in the US are down. U.S. refineries exported nearly 2.8 million barrels per DAY of oil and products! Big oil and refineries continue to ‘export’ fuel for additional profits and refinery products overall are down to raise the price of fuel at the pump. The price of fuel at the pump is ‘still’ too high!
billey32 Champion Author Oklahoma Posts:1,359 Points:351,210 Joined:May 2011	Message Posted: Oct 27, 2011 1:44:42 AM Ignore billey32 Report Abuse Ok
OKRifle Champion Author Oklahoma City Posts:10,382 Points:1,806,285 Joined:Oct 2007	Message Posted: Oct 27, 2011 1:42:50 AM Ignore OKRifle Report Abuse So what is your point?
btex49 Champion Author Austin Posts:2,701 Points:527,100 Joined:Aug 2011	Message Posted: Oct 27, 2011 1:41:24 AM Ignore btex49 Report Abuse EIA is just another governmental agency that we cannot trust is not reliable... So how many millions and millions of dollars does it cost to tell us what the crude and gasoline inventories may or may not be?
billy44bo Champion Author Mobile Posts:7,188 Points:1,486,890 Joined:Feb 2008	Message Posted: Oct 27, 2011 1:32:57 AM Ignore billy44bo Report Abuse But we are paying .65 cents more this year tan last
OKRifle Champion Author Oklahoma City Posts:10,382 Points:1,806,285 Joined:Oct 2007	Message Posted: Oct 27, 2011 1:28:42 AM Ignore OKRifle Report Abuse Bravo Foxtro Delta!
DirtDauber Champion Author San Antonio Posts:6,761 Points:1,623,460 Joined:Nov 2005	Message Posted: Oct 27, 2011 1:24:26 AM Ignore DirtDauber Report Abuse More fairy tales.
CPGas1815 Champion Author Michigan Posts:6,027 Points:1,099,605 Joined:Apr 2008	Message Posted: Oct 27, 2011 1:12:27 AM Ignore CPGas1815 Report Abuse What it means is that every gasoline consumer is being gouged at the pump. The local price of gasoline increased as much as 10 cents per gallon on Wednesday.
SnoopyCYCC Champion Author Ontario Posts:1,196 Points:520,675 Joined:May 2010	Message Posted: Oct 27, 2011 12:53:26 AM Ignore SnoopyCYCC Report Abuse Ok
jp8262 Veteran Author Fort Wayne Posts:297 Points:115,955 Joined:Nov 2009	Message Posted: Oct 27, 2011 12:45:52 AM Ignore jp8262 Report Abuse good news
pgerassi Champion Author Milwaukee Posts:10,876 Points:2,127,605 Joined:Apr 2007	Message Posted: Oct 27, 2011 12:43:37 AM Ignore pgerassi Report Abuse Winter switchover is happening fast.
Fish167 Champion Author North Carolina Posts:3,964 Points:2,474,790 Joined:Aug 2005	Message Posted: Oct 27, 2011 12:42:48 AM Ignore Fish167 Report Abuse Waste, indeed
HARLEY1960NH Champion Author New Hampshire Posts:2,338 Points:401,680 Joined:Feb 2006	Message Posted: Oct 27, 2011 12:42:35 AM Ignore HARLEY1960NH Report Abuse who gives a flying F@@K!
Wizrd03 Champion Author Illinois Posts:8,132 Points:1,628,335 Joined:Oct 2008	Message Posted: Oct 27, 2011 12:36:54 AM Ignore Wizrd03 Report Abuse Another worthless beaurocract in Washington DC
BobD2009 Champion Author Long Island Posts:6,969 Points:1,235,785 Joined:Apr 2009	Message Posted: Oct 27, 2011 12:34:04 AM Ignore BobD2009 Report Abuse The D.O.E is a waste of tax funds and should be abolished.
craigsf38 Champion Author Rochester Posts:5,688 Points:1,506,030 Joined:Jun 2008	Message Posted: Oct 27, 2011 12:33:54 AM Ignore craigsf38 Report Abuse OK
mfeldstein Champion Author Ottawa Posts:8,156 Points:1,927,455 Joined:Feb 2007	Message Posted: Oct 27, 2011 12:33:45 AM Ignore mfeldstein Report Abuse gobbledeegoop.
min_fuel Champion Author Philadelphia Posts:1,956 Points:722,545 Joined:Jan 2008	Message Posted: Oct 27, 2011 12:27:42 AM Ignore min_fuel Report Abuse I don't look at this anymore. The Dept of Energy, which was suppose to help develop an Energy Plan, still has not done that 33 years after being created to do that. Why?
TekWare Champion Author Toronto Posts:3,141 Points:668,450 Joined:May 2011	Message Posted: Oct 27, 2011 12:26:38 AM Ignore TekWare Report Abuse Oil up, gas down. That way oil cheaper, gas more expensive. Everybody wins! Except us.
julesTN Veteran Author Nashville Posts:383 Points:164,870 Joined:Aug 2011	Message Posted: Oct 27, 2011 12:26:23 AM Ignore julesTN Report Abuse uh-huh.