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PD Moderator	Message Posted: Dec 8, 2010 10:39:23 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 3.8 million barrels to a total of 355.9 million barrels. At 355.9 million barrels, inventories are 19.8 million barrels above last year (5.9%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 0.4 million barrels to 34.9 million barrels this week. Gasoline inventories increased 3.8 million barrels to 214.0 million barrels. At 214.0 million barrels, inventories are now 2.4 million barrels, or 1.1% lower than last year (last week that number was 1.3% lower). Decreases were not seen in any region. Gains... Visit GasBuddy Blog for full article

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Message Posted: Dec 8, 2010 10:39:23 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 3.8 million barrels to a total of 355.9 million barrels. At 355.9 million barrels, inventories are 19.8 million barrels above last year (5.9%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma rose 0.4 million barrels to 34.9 million barrels this week.

Gasoline inventories increased 3.8 million barrels to 214.0 million barrels. At 214.0 million barrels, inventories are now 2.4 million barrels, or 1.1% lower than last year (last week that number was 1.3% lower). Decreases were not seen in any region. Gains...

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EcoVore Champion Author Los Angeles Posts:3,538 Points:728,775 Joined:Jun 2008	Message Posted: Dec 9, 2010 2:32:21 AM Ignore EcoVore Report Abuse West coast refineries manipulating to make their holidays full of lucrative "gifts". Time to move to midwest.
moremissions200 Champion Author Rhode Island Posts:10,659 Points:2,050,385 Joined:Jan 2007	Message Posted: Dec 9, 2010 2:08:34 AM Ignore moremissions200 Report Abuse Midwest Redineries operated at 92% capacity while East Coast refineries operated at 78% capacity. Lower capacities on bothe the East and West coasts result in higher profits for the greedy oil corporate slobs. A cord of New England wood at $180 per cord, split, delivered, and stacked is a better deal than paying tribute to foreign enemies. [Edited by: moremissions200 at 12/9/2010 2:11:35 AM EST]
EssexAdri Champion Author Jacksonville Posts:1,168 Points:284,770 Joined:Jul 2010	Message Posted: Dec 9, 2010 1:35:43 AM Ignore EssexAdri Report Abuse isn't it time to change this story?
UseLessGasFolks Champion Author Iowa Posts:5,586 Points:1,323,550 Joined:Jul 2007	Message Posted: Dec 9, 2010 1:33:40 AM Ignore UseLessGasFolks Report Abuse Supplies rose. Inventories increased. Why did prices jump? GREED. BIG OILS GREEEEEEEEEEEEED. Hate them with all my being.
hubcapLA Champion Author Louisiana Posts:3,905 Points:940,435 Joined:Apr 2009	Message Posted: Dec 9, 2010 1:31:55 AM Ignore hubcapLA Report Abuse Consider the source! Up or down doesn't matter, it is what they decide to charge us.
billy44bo Champion Author Mobile Posts:7,338 Points:1,517,465 Joined:Feb 2008	Message Posted: Dec 9, 2010 1:27:28 AM Ignore billy44bo Report Abuse there is less oil in the market because they are keep the tanker offshore until the price goes way up
unicornpmb Champion Author Buffalo Posts:8,631 Points:1,657,215 Joined:Sep 2005	Message Posted: Dec 9, 2010 1:25:03 AM Ignore unicornpmb Report Abuse What highlights?
N5EXY Champion Author Austin Posts:5,633 Points:1,537,310 Joined:Jul 2004	Message Posted: Dec 9, 2010 1:18:11 AM Ignore N5EXY Report Abuse This report is good for nothing but 45 gas buddy points. [Edited by: N5EXY at 12/9/2010 1:18:32 AM EST]
Guzzel1 Sophomore Author London Posts:153 Points:21,790 Joined:Jan 2006	Message Posted: Dec 9, 2010 1:18:06 AM Ignore Guzzel1 Report Abuse That's alot of oil.
jdhelm Champion Author Iowa Posts:12,146 Points:1,226,590 Joined:Dec 2009	Message Posted: Dec 9, 2010 1:17:45 AM Ignore jdhelm Report Abuse what the sam hill, this morning the read a news item had 2 news items saying how crude dropped to 88 and 1 that said it went up over 90, how te hell can we believe all these various reports - let alone the dayum oil traders/speculators who want prices to move up and down to make money on futures?
pulpwood Champion Author Mississippi Posts:7,379 Points:1,860,855 Joined:Sep 2006	Message Posted: Dec 9, 2010 1:16:01 AM Ignore pulpwood Report Abuse blah blah blah....................
carlsonguitars Champion Author Portland Posts:4,876 Points:825,980 Joined:Jan 2008	Message Posted: Dec 9, 2010 1:14:57 AM Ignore carlsonguitars Report Abuse DOE is straight up half-truth (un truths) in reporting facts and figures heavily derived from oil and gas corporations... Gee, let's think about this for a second - is it possible to present "statistics" in a way that makes a pig look like a beauty queen?!?! YUP! Don't believe me? Just read the DOE reports!!!
PaulMcG Rookie Author Houston Posts:58 Points:542,385 Joined:Jul 2008	Message Posted: Dec 9, 2010 1:13:37 AM Ignore PaulMcG Report Abuse ????????
traindude Champion Author Virginia Beach Posts:5,624 Points:1,516,855 Joined:Jun 2007	Message Posted: Dec 9, 2010 1:12:34 AM Ignore traindude Report Abuse these reports don't seem to help the consumer at all. just more bad news
RENEGADEGAS Champion Author Missouri Posts:15,069 Points:1,618,825 Joined:Jul 2008	Message Posted: Dec 9, 2010 1:12:33 AM Ignore RENEGADEGAS Report Abuse I never trust anything from an agency of this administration.
Despayre Sophomore Author Washington Posts:127 Points:49,795 Joined:Oct 2010	Message Posted: Dec 9, 2010 1:11:27 AM Ignore Despayre Report Abuse Toss out the "Strategic Reserve" too, it doesn't work as intended anyway. Come up with something that does.
rollma2 Champion Author Montreal Posts:1,181 Points:261,125 Joined:Jul 2009	Message Posted: Dec 9, 2010 1:09:48 AM Ignore rollma2 Report Abuse hmmmmm
ysmc Champion Author Providence Posts:10,698 Points:2,046,020 Joined:Apr 2007	Message Posted: Dec 9, 2010 1:07:34 AM Ignore ysmc Report Abuse "want to cut the deficit? do away with DOE" and most other government agencies and contractors Freedom back to We the People. ...powers not specifically granyed to the federal government belong to the statesd and to the people................ Cjut the federal salaries to that of the averahe American right now and peg them there/
dabuzman Champion Author Seattle Posts:4,561 Points:1,838,045 Joined:Apr 2006	Message Posted: Dec 9, 2010 1:05:21 AM Ignore dabuzman Report Abuse So tell what DOE has done for us? o they release this report, big deal.
HYEgasCA Champion Author Fresno Posts:2,126 Points:934,850 Joined:Dec 2008	Message Posted: Dec 9, 2010 1:05:19 AM Ignore HYEgasCA Report Abuse Listen if you want cheap oil, we need to drill for more here in the United States. If your unwilling to do that stop your complaining.
AKmailman Champion Author Alaska Posts:5,763 Points:1,584,815 Joined:Jul 2004	Message Posted: Dec 9, 2010 1:02:17 AM Ignore AKmailman Report Abuse yada, yada, yada - want to cut the deficit? do away with DOE
Rageagainsttm Champion Author Tampa Posts:8,422 Points:1,927,885 Joined:Jul 2007	Message Posted: Dec 9, 2010 12:47:49 AM Ignore Rageagainsttm Report Abuse I think all these numbers are just made up.
NotmeuQc Champion Author Montreal Posts:5,761 Points:1,160,150 Joined:Apr 2009	Message Posted: Dec 9, 2010 12:41:43 AM Ignore NotmeuQc Report Abuse DOE reports do not interest me, it's a waste of time reading them. They do not change the price of gas.
jrsva Champion Author Virginia Posts:9,999 Points:1,639,950 Joined:Jan 2006	Message Posted: Dec 9, 2010 12:34:52 AM Ignore jrsva Report Abuse Oops! My comment just below got posted in the wrong thread and I missed the 5-minute edit window to delete it. Sorry.
TBONE3 Champion Author Pennsylvania Posts:8,881 Points:2,004,125 Joined:Mar 2005	Message Posted: Dec 9, 2010 12:33:53 AM Ignore TBONE3 Report Abuse IF the statistics are correct, then we should see retail prices of product DROP not????
joel27nc Champion Author Raleigh Posts:10,677 Points:1,886,070 Joined:Mar 2008	Message Posted: Dec 9, 2010 12:30:35 AM Ignore joel27nc Report Abuse This report has nothing to do with the price of gas & oil. Why isn't gas prices falling?
vulcan96 Champion Author Ohio Posts:27,145 Points:3,126,955 Joined:Aug 2004	Message Posted: Dec 9, 2010 12:30:15 AM Ignore vulcan96 Report Abuse just more wasted hot air by an un needed dept.
jrsva Champion Author Virginia Posts:9,999 Points:1,639,950 Joined:Jan 2006	Message Posted: Dec 9, 2010 12:26:14 AM Ignore jrsva Report Abuse “Most Iowa gasoline retailers offer motorists the option of ethanol-free gasoline.” That’s amazing, coming from Iowa. Pure gas is readily available around here but only at a small minority of stations. It would be great if it was available as an option at most stations. End the subsidies and allow the consumers to decide what they want to use.
Jeannemarie Champion Author Las Vegas Posts:27,729 Points:2,038,665 Joined:Aug 2005	Message Posted: Dec 9, 2010 12:23:16 AM Ignore Jeannemarie Report Abuse Nothing about most everything makes sense lately, since Bush and Cheney were in office. Obama has his work cut out for him. [Edited by: Jeannemarie at 12/9/2010 12:23:30 AM EST]
panama303 All-Star Author Denver Posts:797 Points:296,910 Joined:Jan 2005	Message Posted: Dec 9, 2010 12:22:34 AM Ignore panama303 Report Abuse YADA YADA YADA
truckguy115 Champion Author Orange County Posts:1,636 Points:222,005 Joined:Apr 2008	Message Posted: Dec 9, 2010 12:22:33 AM Ignore truckguy115 Report Abuse prices are only going to go up from here on out people. here we go again.
TheSicilian Champion Author Jacksonville Posts:5,519 Points:1,497,450 Joined:Feb 2009	Message Posted: Dec 9, 2010 12:19:11 AM Ignore TheSicilian Report Abuse gas inventories up and so are prices what sense does this make
saveongasNC Champion Author North Carolina Posts:4,407 Points:1,094,015 Joined:Aug 2008	Message Posted: Dec 9, 2010 12:18:08 AM Ignore saveongasNC Report Abuse Buy less Pay less!!!
TIGERPAW46 Champion Author Florida Posts:7,241 Points:1,379,620 Joined:Mar 2004	Message Posted: Dec 9, 2010 12:15:10 AM Ignore TIGERPAW46 Report Abuse Hmmm! let me see now; Oil decreased 3.8 mil brl. Gas increased 3.8 mil brl. Refineries were back up to full speed by yesterday's report. I can't imagine where that oil went, can you?
jkpsr Champion Author New Jersey Posts:4,207 Points:1,127,915 Joined:Jun 2005	Message Posted: Dec 9, 2010 12:12:02 AM Ignore jkpsr Report Abuse More, more, more
Z51Corvette Champion Author Austin Posts:8,608 Points:1,697,410 Joined:Jan 2008	Message Posted: Dec 9, 2010 12:11:25 AM Ignore Z51Corvette Report Abuse DOE lowlights is more like it... BORING!!! cheapman... good grief Charley Brown... wake up.
1cheapgasin Champion Author Indianapolis Posts:5,699 Points:1,237,440 Joined:Jul 2009	Message Posted: Dec 9, 2010 12:09:39 AM Ignore 1cheapgasin Report Abuse Big oil deserves bankruptcy along with our govt.!
10k Champion Author North Carolina Posts:21,489 Points:2,281,720 Joined:May 2006	Message Posted: Dec 9, 2010 12:09:31 AM Ignore 10k Report Abuse can y'all believe our tax dollars have been wasted on this worthless pit since 1976 ??.. geeezzzzzz nobama-talk about saving taxpayer dollars-show us you care(hahaha) by eliminating this pork dept..
rxman1 Champion Author Toledo Posts:9,690 Points:1,889,495 Joined:Nov 2007	Message Posted: Dec 9, 2010 12:09:18 AM Ignore rxman1 Report Abuse I always fine this report interesting.
bababooey2 Champion Author Hartford Posts:6,487 Points:1,330,315 Joined:Sep 2009	Message Posted: Dec 9, 2010 12:05:25 AM Ignore bababooey2 Report Abuse Blah Blah Blah! What was so interesting?
Blue_Cruzer Champion Author Lexington Posts:7,660 Points:1,697,285 Joined:Mar 2007	Message Posted: Dec 9, 2010 12:05:10 AM Ignore Blue_Cruzer Report Abuse Inventories are up along with prices at the pumps. It doesn't make sense to me.
Quick68 Champion Author Columbus Posts:8,448 Points:1,253,500 Joined:Dec 2009	Message Posted: Dec 9, 2010 12:01:52 AM Ignore Quick68 Report Abuse Gas prices are set based on future expectations of how much money big oil & the government want to put into their pockets at the time.
jabo46 All-Star Author Shreveport Posts:509 Points:525,590 Joined:Jun 2008	Message Posted: Dec 8, 2010 11:59:52 PM Ignore jabo46 Report Abuse Wow!!!!
geepy All-Star Author Long Island Posts:781 Points:523,560 Joined:Aug 2009	Message Posted: Dec 8, 2010 11:59:42 PM Ignore geepy Report Abuse eat
PetroScopper Champion Author Houston Posts:6,760 Points:1,577,635 Joined:Aug 2008	Message Posted: Dec 8, 2010 11:58:49 PM Ignore PetroScopper Report Abuse I guess in some ways that could be very good news for the country.
bluesadvisor01 All-Star Author Miami Posts:815 Points:193,750 Joined:Jun 2010	Message Posted: Dec 8, 2010 11:58:45 PM Ignore bluesadvisor01 Report Abuse Numbers, nembers & more numbers. We want lower prices .
Prodaddy Champion Author Houston Posts:8,516 Points:1,922,785 Joined:May 2007	Message Posted: Dec 8, 2010 11:58:42 PM Ignore Prodaddy Report Abuse I didn't see any highlights
firechief Champion Author New York Posts:3,526 Points:2,091,375 Joined:Mar 2004	Message Posted: Dec 8, 2010 11:57:24 PM Ignore firechief Report Abuse the numbers game
lexusmark All-Star Author Houston Posts:807 Points:317,160 Joined:Apr 2010	Message Posted: Dec 8, 2010 11:48:36 PM Ignore lexusmark Report Abuse good job counting those barrels
Fitwit Champion Author Stockton Posts:6,523 Points:1,379,755 Joined:May 2009	Message Posted: Dec 8, 2010 11:47:58 PM Ignore Fitwit Report Abuse These reports should be interesting for me but they put me to sleep.