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DOE report highlights

GasBuddy Blog -- 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 1.9 million barrels to a total of 359.9 million barrels. At 359.9 million barrels, inventories are 22.4 million barrels above last year (6.6%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma decreased some 300,000 barrels to 35.5 million barrels this week. Supplies at Cushing have decreased for the last five consecutive weeks.

Gasoline inventories decreased 0.2 million barrels to 225.2 million barrels. At 225.2 million barrels, inventories are now 18.0 million barrels, or 8.7% higher than last year (last...

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Submitted Sep 09, 2010 By: PD

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POLELANE Champion Author Ohio Posts:7,148 Points:828,370 Joined:Mar 2008	Message Posted: Sep 10, 2010 1:36:11 PM Ignore POLELANE Report Abuse After clicking on back to topics I reached a page with only this and two other articles that had been posted to today. This is where I'm being lured to older articles; any ideas from you GBs on how to avoid the old news page?
Jeff4U Champion Author Atlanta Posts:5,971 Points:1,386,645 Joined:Nov 2004	Message Posted: Sep 9, 2010 11:32:05 PM Ignore Jeff4U Report Abuse "Highlights" for speculators to ponder.
52MPG Champion Author Dayton Posts:4,914 Points:1,278,480 Joined:Apr 2006	Message Posted: Sep 9, 2010 11:32:03 PM Ignore 52MPG Report Abuse "Crude oil inventories decreased by 1.9 million barrels to a total of 359.9 million barrels." Decreased by .005279, and this makes a real difference?
Bonito Champion Author Dayton Posts:13,060 Points:2,548,415 Joined:Jun 2004	Message Posted: Sep 9, 2010 8:26:18 PM Ignore Bonito Report Abuse Someone is trying to control the price of Gas Again!%^&*^(
Doc7696 All-Star Author Montana Posts:799 Points:267,810 Joined:Oct 2009	Message Posted: Sep 9, 2010 8:22:12 PM Ignore Doc7696 Report Abuse Hmmmm
swrestler Champion Author Grand Rapids Posts:3,790 Points:1,106,450 Joined:Oct 2008	Message Posted: Sep 9, 2010 8:18:02 PM Ignore swrestler Report Abuse This doesn't include what we have sitting in freighters offshore waiting to be processed.....
96sc1 Champion Author El Paso Posts:7,440 Points:1,144,080 Joined:Mar 2008	Message Posted: Sep 9, 2010 8:13:49 PM Ignore 96sc1 Report Abuse The things that pass for "highlights"
SSchmidty Champion Author Illinois Posts:6,963 Points:1,325,685 Joined:Mar 2008	Message Posted: Sep 9, 2010 8:09:17 PM Ignore SSchmidty Report Abuse So what does this really mean for the long-term viability of pig-oil & friends? NOT much is the answer!
30mpg80 Champion Author Lexington Posts:4,496 Points:1,022,945 Joined:Nov 2008	Message Posted: Sep 9, 2010 7:59:03 PM Ignore 30mpg80 Report Abuse lowlights?
ky_commuter75 Champion Author Cincinnati Posts:5,211 Points:1,486,540 Joined:Jul 2005	Message Posted: Sep 9, 2010 7:56:07 PM Ignore ky_commuter75 Report Abuse can't keep up with this.
carefrey Champion Author Orlando Posts:3,362 Points:719,425 Joined:Sep 2009	Message Posted: Sep 9, 2010 7:51:54 PM Ignore carefrey Report Abuse Hmmmm.... But prices continue to rise at the pump.
fightbigoil71 Champion Author Milwaukee Posts:5,216 Points:1,089,885 Joined:Nov 2008	Message Posted: Sep 9, 2010 7:42:18 PM Ignore fightbigoil71 Report Abuse This report does not support the high prices - with the high supplies, prices should be a lot lower.
Bleeder Champion Author Virginia Posts:6,143 Points:1,270,680 Joined:Jan 2008	Message Posted: Sep 9, 2010 7:41:37 PM Ignore Bleeder Report Abuse All is still way above normal to include the prices.
BooHooMI Champion Author Michigan Posts:1,255 Points:282,275 Joined:Sep 2010	Message Posted: Sep 9, 2010 7:40:44 PM Ignore BooHooMI Report Abuse This is ok?
minnesotagirl Champion Author Milwaukee Posts:3,554 Points:778,285 Joined:Oct 2009	Message Posted: Sep 9, 2010 7:39:28 PM Ignore minnesotagirl Report Abuse More excuse to raise prices
BKool Champion Author Michigan Posts:4,536 Points:1,755,350 Joined:Aug 2005	Message Posted: Sep 9, 2010 7:36:26 PM Ignore BKool Report Abuse bad for the near future
Jizme Champion Author Lincoln Posts:7,524 Points:2,440,845 Joined:Oct 2004	Message Posted: Sep 9, 2010 7:33:54 PM Ignore Jizme Report Abuse I just want to see the price per barrel go down to below $72 and stay there for a while.
BWD Champion Author Charleston Posts:3,116 Points:1,760,940 Joined:May 2004	Message Posted: Sep 9, 2010 7:33:17 PM Ignore BWD Report Abuse Let us guess...oil's going up?
schatzila Champion Author Los Angeles Posts:2,713 Points:574,975 Joined:Jun 2010	Message Posted: Sep 9, 2010 7:30:45 PM Ignore schatzila Report Abuse oh, god.
4warned Champion Author Michigan Posts:5,517 Points:1,741,090 Joined:Nov 2006	Message Posted: Sep 9, 2010 7:29:07 PM Ignore 4warned Report Abuse DOE means nothing. Just a bunch of political talk.
Beboper Champion Author Virginia Posts:6,367 Points:1,697,865 Joined:Oct 2005	Message Posted: Sep 9, 2010 7:27:12 PM Ignore Beboper Report Abuse same old stuff
LanguageMan1 Champion Author Tampa Posts:9,145 Points:1,198,235 Joined:Apr 2008	Message Posted: Sep 9, 2010 7:25:22 PM Ignore LanguageMan1 Report Abuse Funny, how they're so much higher yet so are the prices, eh? That's about right there suzyq2007.
suzyq2007 Champion Author Dallas Posts:5,030 Points:1,222,025 Joined:Oct 2007	Message Posted: Sep 9, 2010 7:14:37 PM Ignore suzyq2007 Report Abuse they report different information almost every day
heysailor Champion Author Pittsburgh Posts:7,241 Points:1,869,185 Joined:Mar 2006	Message Posted: Sep 9, 2010 7:12:24 PM Ignore heysailor Report Abuse Same old, same old
oldiesman Champion Author New York Posts:4,221 Points:1,764,850 Joined:May 2006	Message Posted: Sep 9, 2010 7:10:36 PM Ignore oldiesman Report Abuse They have a glut of oil and nowhere to store it, but that doesn't mean the price will go down they use many factors.
dollarwatcher Champion Author Wisconsin Posts:5,565 Points:1,069,395 Joined:Mar 2007	Message Posted: Sep 9, 2010 7:02:01 PM Ignore dollarwatcher Report Abuse I would like to believe these numbers, BUT...
TheSnowstorm Champion Author Montreal Posts:6,822 Points:1,475,325 Joined:June 2005	Message Posted: Sep 9, 2010 6:59:28 PM Ignore TheSnowstorm Report Abuse So even with the holiday travel, invetories are still above last year's levels. So why are the pump prices so high?
TDIdave Champion Author California Posts:2,812 Points:777,250 Joined:May 2006	Message Posted: Sep 9, 2010 6:58:03 PM Ignore TDIdave Report Abuse yawn.
stevencr Champion Author Ohio Posts:3,302 Points:968,660 Joined:Mar 2009	Message Posted: Sep 9, 2010 6:57:29 PM Ignore stevencr Report Abuse A mild winter could possibley increase inventories even more.
Bud122CA Champion Author California Posts:5,223 Points:1,147,910 Joined:Jul 2008	Message Posted: Sep 9, 2010 6:52:56 PM Ignore Bud122CA Report Abuse What does anyone expect after a holiday?
paulydel Champion Author Delaware Posts:6,794 Points:688,395 Joined:Jan 2008	Message Posted: Sep 9, 2010 6:50:19 PM Ignore paulydel Report Abuse So what?
bama56 Champion Author Alabama Posts:1,850 Points:964,120 Joined:Nov 2008	Message Posted: Sep 9, 2010 6:37:19 PM Ignore bama56 Report Abuse so
WilW Champion Author Atlanta Posts:9,870 Points:2,212,835 Joined:Aug 2004	Message Posted: Sep 9, 2010 6:36:42 PM Ignore WilW Report Abuse "Low lights!"...he,he. Funny.
mysub Champion Author Las Vegas Posts:6,882 Points:1,876,090 Joined:Apr 2006	Message Posted: Sep 9, 2010 6:36:39 PM Ignore mysub Report Abuse Doesn't that mean the price should be coming down more than it is?
FlyNFool Champion Author South Carolina Posts:5,960 Points:1,223,255 Joined:Aug 2008	Message Posted: Sep 9, 2010 6:35:15 PM Ignore FlyNFool Report Abuse Low lights!
jwduke1 Champion Author Iowa Posts:13,860 Points:2,724,740 Joined:Apr 2004	Message Posted: Sep 9, 2010 6:35:13 PM Ignore jwduke1 Report Abuse DOE report highlights = Speculators report.
craigsf38 Champion Author Rochester Posts:3,425 Points:1,047,115 Joined:Jun 2008	Message Posted: Sep 9, 2010 6:28:28 PM Ignore craigsf38 Report Abuse we need long term storage to help with this
Rednix Champion Author Miami Posts:3,894 Points:816,045 Joined:Jul 2009	Message Posted: Sep 9, 2010 6:21:55 PM Ignore Rednix Report Abuse I like the sound of this.
moody4u Champion Author Cincinnati Posts:3,635 Points:716,280 Joined:Oct 2008	Message Posted: Sep 9, 2010 6:20:21 PM Ignore moody4u Report Abuse See here are the lies!
PithyOpiner Champion Author Stockton Posts:12,332 Points:1,173,800 Joined:Jun 2008	Message Posted: Sep 9, 2010 6:10:12 PM Ignore PithyOpiner Report Abuse Crude oil inventories decreased by 1.9 million barrels due to spillage over the tops of the storage tanks. lol
waynemustang Champion Author Indiana Posts:4,671 Points:1,238,255 Joined:Nov 2006	Message Posted: Sep 9, 2010 6:07:45 PM Ignore waynemustang Report Abuse We need more storage for oil and gasoline.
firechief Champion Author New York Posts:1,807 Points:1,666,995 Joined:Mar 2004	Message Posted: Sep 9, 2010 5:59:57 PM Ignore firechief Report Abuse The greedy pigs need to hoard the money
AC-302 Champion Author Los Angeles Posts:21,287 Points:2,452,765 Joined:Aug 2004	Message Posted: Sep 9, 2010 5:55:28 PM Ignore AC-302 Report Abuse Oil inventories are high. Distilled products are also above average, both pointing to a slow economy. so why hasn't the price of gas fallen?
Jo120 Champion Author Arizona Posts:4,242 Points:1,475,430 Joined:Mar 2005	Message Posted: Sep 9, 2010 5:45:32 PM Ignore Jo120 Report Abuse Gas price should hit under $2.00 soon!
julius1st4 Champion Author Ontario Posts:3,137 Points:1,026,070 Joined:Jul 2003	Message Posted: Sep 9, 2010 5:44:25 PM Ignore julius1st4 Report Abuse IT SEEMS THAT WHENEVER THE D.O.E. RELEASES IT'S WEEKLY REPORT; IT ALWAYS HAS A "NEGATIVE IMPACT" IT DOESN'T SEEM TO MATTER IF THE REPORT IS "GOOD" or "BAD" or "INDIFFERENT" US CONSUMERS JUST CAN'T WIN.!!!
14of45SSR Champion Author Saskatchewan Posts:2,370 Points:829,790 Joined:Dec 2008	Message Posted: Sep 9, 2010 5:42:49 PM Ignore 14of45SSR Report Abuse I topped up today...only had a half tank gone...first time this month...proabably won't need any more until the 20th or 30th!
Don1222 Champion Author Michigan Posts:7,802 Points:1,089,855 Joined:Jul 2008	Message Posted: Sep 9, 2010 5:42:26 PM Ignore Don1222 Report Abuse So
Hi1 Champion Author Ontario Posts:2,647 Points:1,293,310 Joined:Jun 2007	Message Posted: Sep 9, 2010 5:40:21 PM Ignore Hi1 Report Abuse YOU THINK THE PRICE WOULD COME DOWN BUT IT DOES NOT
benjy Champion Author Chicago Posts:6,864 Points:1,365,715 Joined:Nov 2003	Message Posted: Sep 9, 2010 5:35:24 PM Ignore benjy Report Abuse ZZZZZZZ......
Canucktree Champion Author Alberta Posts:2,704 Points:580,610 Joined:Dec 2008	Message Posted: Sep 9, 2010 5:29:43 PM Ignore Canucktree Report Abuse I guess I should do my part then-I will wait until Friday to fill. NoT.