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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: Dec 7, 2011 10:46:21 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 1.3 million barrels to a total of 336.1 million barrels. At 336.1 million barrels, inventories are 19.8 million barrels below last year (-5.6%) and are in the upper limit of the average range. GASOLINE INVENTORIES: Gasoline inventories increased by 5.1 million barrels to 215.0 million barrels. At 215.0 million barrels, inventories are 1.0 million barrels, or 0.5% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+2.6mb); Midwest... Visit GasBuddy Blog for full article

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Message Posted: Dec 7, 2011 10:46:21 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 1.3 million barrels to a total of 336.1 million barrels. At 336.1 million barrels, inventories are 19.8 million barrels below last year (-5.6%) and are in the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 5.1 million barrels to 215.0 million barrels. At 215.0 million barrels, inventories are 1.0 million barrels, or 0.5% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+2.6mb); Midwest...

Visit GasBuddy Blog for full article

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eomc17 Champion Author Tucson Posts:1,822 Points:134,145 Joined:Mar 2007	Message Posted: Dec 8, 2011 1:11:49 AM Ignore eomc17 Report Abuse When our inventory drops, speculators jack up prices, but today, WTI dropped a whopping TEN CENTS in NY and gasoline futures are still around 2.60$. What is wrong with this picture, my fellow readers?
N5EXY Champion Author Austin Posts:5,472 Points:1,506,380 Joined:Jul 2004	Message Posted: Dec 8, 2011 1:09:48 AM Ignore N5EXY Report Abuse EIA should merge with DOE.
tidalwave3 Champion Author Tallahassee Posts:1,292 Points:1,459,185 Joined:Jun 2008	Message Posted: Dec 8, 2011 12:41:24 AM Ignore tidalwave3 Report Abuse It should lower gas prices, but they will export it and we will see higher pricesd for having cut back on gas emission?
boatmen Champion Author New York Posts:3,060 Points:619,330 Joined:Jan 2011	Message Posted: Dec 8, 2011 12:32:36 AM Ignore boatmen Report Abuse it means nothing
LoneGuy Champion Author Lansing Posts:8,460 Points:2,313,995 Joined:Aug 2005	Message Posted: Dec 8, 2011 12:18:14 AM Ignore LoneGuy Report Abuse Less oil but more gasoline. Something is wrong with this throughput dynamic.
baconnie Champion Author Dallas Posts:2,797 Points:563,210 Joined:Jun 2008	Message Posted: Dec 8, 2011 12:16:51 AM Ignore baconnie Report Abuse Ok
carpenter4u Champion Author Virginia Posts:2,431 Points:612,320 Joined:Jul 2011	Message Posted: Dec 8, 2011 12:16:48 AM Ignore carpenter4u Report Abuse we seem to sell low and replace with higher priced oil
regout Champion Author Quebec Posts:2,935 Points:828,705 Joined:May 2010	Message Posted: Dec 8, 2011 12:15:46 AM Ignore regout Report Abuse As I said before it's only a game for speculator.
Zonk Champion Author Michigan Posts:6,461 Points:2,098,015 Joined:Oct 2005	Message Posted: Dec 8, 2011 12:15:42 AM Ignore Zonk Report Abuse THANK's for the info.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Dec 8, 2011 12:14:38 AM Ignore tedjm1 Report Abuse Same old.....
rxman1 Champion Author Toledo Posts:9,522 Points:1,857,895 Joined:Nov 2007	Message Posted: Dec 8, 2011 12:10:18 AM Ignore rxman1 Report Abuse Still keep demand down or you know what will happen to prices.
toadNY Champion Author Albany Posts:7,022 Points:1,509,250 Joined:Apr 2008	Message Posted: Dec 8, 2011 12:08:20 AM Ignore toadNY Report Abuse Were behind around here. It takes longer before gas drops an not as long to go back up.
jrschl Champion Author Louisville Posts:2,947 Points:677,065 Joined:Jun 2011	Message Posted: Dec 8, 2011 12:08:09 AM Ignore jrschl Report Abuse ok.
goldrose1 Champion Author Cleveland Posts:10,925 Points:1,920,910 Joined:Feb 2005	Message Posted: Dec 8, 2011 12:06:58 AM Ignore goldrose1 Report Abuse yeah.
jkpsr Champion Author New Jersey Posts:4,069 Points:1,099,105 Joined:Jun 2005	Message Posted: Dec 8, 2011 12:06:24 AM Ignore jkpsr Report Abuse Both oil and gasoline stocks are quite high. Prices should fall.
carman11 Champion Author North Carolina Posts:3,308 Points:687,500 Joined:Jun 2011	Message Posted: Dec 8, 2011 12:06:18 AM Ignore carman11 Report Abuse Here we go again
heartbroken2010 Champion Author Ottawa Posts:4,324 Points:893,535 Joined:Aug 2010	Message Posted: Dec 8, 2011 12:06:08 AM Ignore heartbroken2010 Report Abuse interesting.
mkNH Sophomore Author New Hampshire Posts:165 Points:34,150 Joined:Oct 2011	Message Posted: Dec 8, 2011 12:05:20 AM Ignore mkNH Report Abuse ok
DJRIO Champion Author Miami Posts:8,020 Points:1,420,610 Joined:Jan 2008	Message Posted: Dec 8, 2011 12:01:47 AM Ignore DJRIO Report Abuse thanks for the report PD
1178richmond Champion Author New Jersey Posts:2,871 Points:793,300 Joined:Feb 2011	Message Posted: Dec 8, 2011 12:01:16 AM Ignore 1178richmond Report Abuse ok
southrob Champion Author Tucson Posts:3,585 Points:685,150 Joined:Mar 2011	Message Posted: Dec 7, 2011 11:59:30 PM Ignore southrob Report Abuse why are we exporting when we can use it??lemme see a chicken farmer sell his eggs to the market and then go buy his eggs that he will eat in another state?????
runway12 Champion Author Tacoma Posts:3,059 Points:602,275 Joined:Aug 2008	Message Posted: Dec 7, 2011 11:58:45 PM Ignore runway12 Report Abuse Even if we conserve it is exported, go figure
JesseJack52 All-Star Author Virginia Beach Posts:628 Points:127,835 Joined:Sep 2011	Message Posted: Dec 7, 2011 11:57:42 PM Ignore JesseJack52 Report Abuse My, My
mkNH Sophomore Author New Hampshire Posts:165 Points:34,150 Joined:Oct 2011	Message Posted: Dec 7, 2011 11:57:30 PM Ignore mkNH Report Abuse whatever
kgbellman Champion Author Ann Arbor Posts:2,693 Points:727,840 Joined:Mar 2011	Message Posted: Dec 7, 2011 11:54:45 PM Ignore kgbellman Report Abuse Why even look at these
roadrunnin Champion Author Richmond Posts:1,742 Points:560,695 Joined:May 2008	Message Posted: Dec 7, 2011 11:54:04 PM Ignore roadrunnin Report Abuse glad to see a higher gasoline inventory
bobt2382 Champion Author Texas Posts:2,899 Points:796,370 Joined:Apr 2010	Message Posted: Dec 7, 2011 11:53:47 PM Ignore bobt2382 Report Abuse SOS
mstearno Champion Author Dayton Posts:8,043 Points:1,727,235 Joined:Jan 2008	Message Posted: Dec 7, 2011 11:44:59 PM Ignore mstearno Report Abuse big joke
RockCity Champion Author Denver Posts:7,890 Points:1,423,110 Joined:Mar 2009	Message Posted: Dec 7, 2011 11:43:08 PM Ignore RockCity Report Abuse I got lost on the part about what it means, perhaps.
porotito Champion Author Houston Posts:2,135 Points:576,660 Joined:Dec 2010	Message Posted: Dec 7, 2011 11:43:07 PM Ignore porotito Report Abuse Good summary...
crowefamily1 All-Star Author Texas Posts:804 Points:297,100 Joined:Sep 2006	Message Posted: Dec 7, 2011 11:37:45 PM Ignore crowefamily1 Report Abuse now if they would quit shipping fuel to other countries we could hold on to more savings at the pump.
luwachris Champion Author Los Angeles Posts:1,082 Points:224,370 Joined:Jul 2011	Message Posted: Dec 7, 2011 11:34:54 PM Ignore luwachris Report Abuse RATHER INTERESTING I MUST SAY
abcdMA Champion Author Worcester Posts:7,902 Points:1,570,980 Joined:Nov 2008	Message Posted: Dec 7, 2011 11:32:29 PM Ignore abcdMA Report Abuse keep demand down
woodeye55 Champion Author Gary Posts:7,339 Points:1,852,755 Joined:Mar 2006	Message Posted: Dec 7, 2011 11:31:10 PM Ignore woodeye55 Report Abuse ...and with this great report gas went up $.39 around here...
SparkieMi Champion Author Kalamazoo Posts:3,239 Points:584,220 Joined:Sep 2011	Message Posted: Dec 7, 2011 11:30:02 PM Ignore SparkieMi Report Abuse Increase inventories and lower pump prices...
SparkieMi Champion Author Kalamazoo Posts:3,239 Points:584,220 Joined:Sep 2011	Message Posted: Dec 7, 2011 11:26:57 PM Ignore SparkieMi Report Abuse Great... Let us keep going in a positive direction...
firasatali Champion Author Toronto Posts:3,080 Points:565,550 Joined:May 2011	Message Posted: Dec 7, 2011 11:23:20 PM Ignore firasatali Report Abuse Good to know
melvindale Champion Author Michigan Posts:1,438 Points:351,230 Joined:Jun 2011	Message Posted: Dec 7, 2011 11:18:06 PM Ignore melvindale Report Abuse So is it the high supply that provided recent low prices?
YellowDucky Champion Author St. Louis Posts:1,563 Points:434,210 Joined:Oct 2010	Message Posted: Dec 7, 2011 11:16:12 PM Ignore YellowDucky Report Abuse thanks.
tippybuddy Champion Author Ontario Posts:1,523 Points:207,740 Joined:Feb 2011	Message Posted: Dec 7, 2011 11:16:01 PM Ignore tippybuddy Report Abuse stocking up sounds good but we'd have to spend even more so we could put stablizer into that stocked up gas...then we wouldn't save much if any at all
skybiker Champion Author South Carolina Posts:7,272 Points:1,555,415 Joined:Jul 2008	Message Posted: Dec 7, 2011 11:04:03 PM Ignore skybiker Report Abuse Doesn't seem to matter.....
hauler43 Champion Author Oakland Posts:8,158 Points:2,597,750 Joined:Sep 2003	Message Posted: Dec 7, 2011 10:49:46 PM Ignore hauler43 Report Abuse Just glad prices have gone down a little
Blue48 Champion Author Illinois Posts:7,285 Points:1,633,945 Joined:Feb 2007	Message Posted: Dec 7, 2011 10:49:03 PM Ignore Blue48 Report Abuse ZZZZZZZZ
Victor80 Veteran Author California Posts:273 Points:305,365 Joined:Sep 2008	Message Posted: Dec 7, 2011 10:45:14 PM Ignore Victor80 Report Abuse Let's stock-up now, while the price is so cheap.
Thomtec Champion Author Nashville Posts:2,438 Points:603,170 Joined:May 2011	Message Posted: Dec 7, 2011 10:43:26 PM Ignore Thomtec Report Abuse interesting to ponder.
darkknight1 Champion Author Winston-Salem Posts:4,315 Points:891,835 Joined:Nov 2010	Message Posted: Dec 7, 2011 10:41:56 PM Ignore darkknight1 Report Abuse What it means is that we're still getting ripped off at the pump.
DEG Champion Author Las Vegas Posts:17,605 Points:3,491,680 Joined:Jul 2003	Message Posted: Dec 7, 2011 10:39:39 PM Ignore DEG Report Abuse This is the useless weekly report. It means very little in terms of gas and oil prices.
goodbuy Champion Author Michigan Posts:7,643 Points:1,418,205 Joined:May 2005	Message Posted: Dec 7, 2011 10:37:01 PM Ignore goodbuy Report Abuse WOW!! Maybe people can't afford to drive. And I thought the recession was over.
REKEY Champion Author South Carolina Posts:8,554 Points:1,694,440 Joined:May 2008	Message Posted: Dec 7, 2011 10:33:59 PM Ignore REKEY Report Abuse I really hate this group.
zaq001 Champion Author Atlanta Posts:3,955 Points:1,468,850 Joined:Oct 2008	Message Posted: Dec 7, 2011 10:32:56 PM Ignore zaq001 Report Abuse same old, same old.