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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 increased by 4.1 million barrels to a total of 361.7 million barrels. At 361.7 million barrels, inventories are 18.3 million barrels above last year (5.3%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma decreased some 600,000 barrels to 36.3 million barrels this week. Supplies at Cushing have decreased for the last four consecutive weeks but remain at good levels.

Gasoline inventories decreased 0.2 million barrels to 225.4 million barrels. At 225.4 million barrels, inventories are now 20.3 million barrels, or 9.9...

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Submitted Sep 01, 2010 By: PD

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POLELANE Champion Author Ohio Posts:7,148 Points:828,370 Joined:Mar 2008	Message Posted: Sep 14, 2010 8:01:24 PM Ignore POLELANE Report Abuse No a simple correlation; DOE highlights really are not coupled to prices at the pump. Prices are no longer coupled to supply and demand.
TJP48 Rookie Author Louisiana Posts:49 Points:48,990 Joined:Jan 2010	Message Posted: Sep 14, 2010 6:33:01 PM Ignore TJP48 Report Abuse tax the oil companys will just pass it on to the public, boxthegnat
TJP48 Rookie Author Louisiana Posts:49 Points:48,990 Joined:Jan 2010	Message Posted: Sep 14, 2010 6:30:04 PM Ignore TJP48 Report Abuse That is correct inventorys are higher !!!!
honda0105 Champion Author Tallahassee Posts:15,266 Points:1,142,300 Joined:Nov 2008	Message Posted: Sep 3, 2010 5:59:53 AM Ignore honda0105 Report Abuse sadly, DOE highlights really are not coupled to prices at the pump. Just as prices are no longer coupled to supply and demand.
SUPERQUACK Champion Author Sacramento Posts:3,985 Points:1,486,740 Joined:Jun 2007	Message Posted: Sep 2, 2010 7:37:22 PM Ignore SUPERQUACK Report Abuse Anobther boooooooring. Useless. Report
jcVA Champion Author Virginia Beach Posts:1,806 Points:385,265 Joined:Aug 2008	Message Posted: Sep 2, 2010 2:30:27 PM Ignore jcVA Report Abuse screw these specs
remay Champion Author Houston Posts:4,701 Points:1,655,795 Joined:May 2006	Message Posted: Sep 2, 2010 8:39:36 AM Ignore remay Report Abuse Decrease in inventories? Then is it time to expect a price increase? ... Oh, wait, I keep forgetting, this is not driven by supply and demand.
honda0105 Champion Author Tallahassee Posts:15,266 Points:1,142,300 Joined:Nov 2008	Message Posted: Sep 2, 2010 6:17:14 AM Ignore honda0105 Report Abuse nurdco, you're right about prices rising and people not liking prices rising. It's not just fuel distributors. It's mostly speculatraitors who keep the prices artificially high.
nurdco Champion Author Colorado Springs Posts:6,588 Points:1,227,510 Joined:Apr 2008	Message Posted: Sep 2, 2010 2:12:10 AM Ignore nurdco Report Abuse As Labor Day approached by 10 days fuel prices Jumped by 10c per gal ... In a BAD economy people Do NOT appreciate the Rising prices... Thereby Inventpries HAVE to increase... Greedy Fuel Distributors
Grismer Champion Author Kitchener-Waterloo Posts:6,263 Points:1,272,520 Joined:Apr 2008	Message Posted: Sep 2, 2010 2:10:55 AM Ignore Grismer Report Abuse Such statistical data is irrelevant to prices paid at the gas pumps and only helps market speculators.
Quick68 Champion Author Columbus Posts:4,839 Points:758,900 Joined:Dec 2009	Message Posted: Sep 2, 2010 1:53:13 AM Ignore Quick68 Report Abuse When big oil ups the price of gas for a long weekend that is when people should stay at home and not buy any gas. By the time the holiday is over they would beg you to buy gas. The people can control the price of gas if they are willing to.
BoxtheGnat Veteran Author St. Louis Posts:338 Points:240,615 Joined:Feb 2009	Message Posted: Sep 2, 2010 1:44:50 AM Ignore BoxtheGnat Report Abuse Gas prices moved from less than $2.30 to $2.59 yesterday. This indicates that speculators are responsible for gas price increases. Tax these assholes at 75-80% of their profits!!!!
hubcapLA Champion Author Louisiana Posts:2,559 Points:663,605 Joined:Apr 2009	Message Posted: Sep 2, 2010 1:44:20 AM Ignore hubcapLA Report Abuse Guess they will drop prices a small amount after the holiday weekend. Greedy people have to be greedy whenever they can but to me, this is price gouging.
Saturn93 Champion Author Salt Lake City Posts:6,571 Points:1,488,850 Joined:Oct 2006	Message Posted: Sep 2, 2010 1:32:40 AM Ignore Saturn93 Report Abuse Another government report which show that statistics don't lie, but that liars use statistics.
OnTheWater Champion Author Orange County Posts:2,123 Points:622,380 Joined:Nov 2009	Message Posted: Sep 2, 2010 1:31:09 AM Ignore OnTheWater Report Abuse I don't know what all these numbers mean. I just go off the current price of crude to know if gas will continue falling or if it will start to increase again.
250FORD Champion Author Minnesota Posts:8,265 Points:1,303,335 Joined:Feb 2007	Message Posted: Sep 2, 2010 1:24:28 AM Ignore 250FORD Report Abuse Seems the manipulators don't give a rats #$@ about these reports.
JimL1 Champion Author Phoenix Posts:5,744 Points:807,550 Joined:Jul 2003	Message Posted: Sep 2, 2010 1:21:41 AM Ignore JimL1 Report Abuse Yeah Right.
Scotty99QC Veteran Author Montreal Posts:275 Points:74,950 Joined:Jul 2010	Message Posted: Sep 2, 2010 1:20:25 AM Ignore Scotty99QC Report Abuse All i know is i put 40$ in gas and got some 13 gal.I know these numbers are true , even if i don't like them.
1988MR2guy Champion Author California Posts:4,404 Points:715,740 Joined:Oct 2009	Message Posted: Sep 2, 2010 1:17:31 AM Ignore 1988MR2guy Report Abuse The usual crap.
joel27nc Champion Author Raleigh Posts:8,157 Points:1,392,445 Joined:Mar 2008	Message Posted: Sep 2, 2010 1:14:51 AM Ignore joel27nc Report Abuse We need a report with more numbers in it!
DellDude2 Champion Author Nashville Posts:6,778 Points:1,655,860 Joined:Aug 2005	Message Posted: Sep 2, 2010 1:12:07 AM Ignore DellDude2 Report Abuse Counting 4.1 million barrels of oil - exhausting!! lol
Rageagainsttm Champion Author Tampa Posts:6,009 Points:1,447,195 Joined:Jul 2007	Message Posted: Sep 2, 2010 1:00:57 AM Ignore Rageagainsttm Report Abuse Every Station I see is jacking the prices up for the Holiday weekend. CROOKS!
Number43 Champion Author Lexington Posts:6,298 Points:1,190,855 Joined:Oct 2008	Message Posted: Sep 2, 2010 12:59:14 AM Ignore Number43 Report Abuse Why then are prices so high? I guess that greed springs eternal in the speculators breast.
granitestater Champion Author New Hampshire Posts:6,309 Points:1,017,395 Joined:Oct 2008	Message Posted: Sep 2, 2010 12:48:07 AM Ignore granitestater Report Abuse I went by Cushing one time. It's a lousy place to ride an ATV what with all the pipes and stuff cluttering the landscape...
14of45SSR Champion Author Saskatchewan Posts:2,370 Points:829,040 Joined:Dec 2008	Message Posted: Sep 2, 2010 12:43:52 AM Ignore 14of45SSR Report Abuse Keep the pump prices dropping!
ThatHunt Champion Author Dallas Posts:4,487 Points:1,628,265 Joined:Jul 2006	Message Posted: Sep 2, 2010 12:43:02 AM Ignore ThatHunt Report Abuse numbers. what do they mean to consumers?
runout9 Champion Author New Jersey Posts:3,144 Points:958,700 Joined:Dec 2008	Message Posted: Sep 2, 2010 12:39:54 AM Ignore runout9 Report Abuse Numbers, numbers, numbers! I just check pump prices & know exactly where I'm filling up.
Jethroy Champion Author Toronto Posts:4,069 Points:743,740 Joined:Mar 2004	Message Posted: Sep 2, 2010 12:31:13 AM Ignore Jethroy Report Abuse how are the trees holding up with all these reports
TBONE3 Champion Author Pennsylvania Posts:6,388 Points:1,510,745 Joined:Mar 2005	Message Posted: Sep 2, 2010 12:29:07 AM Ignore TBONE3 Report Abuse Inventories have remained consistent for over a month now. Now lets get the price lowered to where it belongs. ($1.95/gal-US).
camel1 Champion Author Minnesota Posts:6,050 Points:1,816,515 Joined:Jul 2006	Message Posted: Sep 2, 2010 12:24:49 AM Ignore camel1 Report Abuse No surprises
Buddy2264 Champion Author Tampa Posts:9,258 Points:1,893,540 Joined:Oct 2005	Message Posted: Sep 2, 2010 12:24:10 AM Ignore Buddy2264 Report Abuse It means they control the prices through production and inventory. When there is a better alternative or hybrid, or public transportation, they loose the price control factor, and have to try to move their products. Conservation keeps your money in your pocket. Just think what would happen if we began giving up plastic first.
Blue_Cruzer Champion Author Lexington Posts:5,152 Points:1,202,725 Joined:Mar 2007	Message Posted: Sep 2, 2010 12:23:12 AM Ignore Blue_Cruzer Report Abuse Who uses this report????
save4life Rookie Author Twin Cities Posts:2 Points:580 Joined:Sep 2010	Message Posted: Sep 2, 2010 12:21:37 AM Ignore save4life Report Abuse If gasoline production decreased last week, does this mean that gas prices are going to go up next week or what?
Canucktree Champion Author Alberta Posts:2,699 Points:579,635 Joined:Dec 2008	Message Posted: Sep 2, 2010 12:12:50 AM Ignore Canucktree Report Abuse Repeat.
unicornpmb Champion Author Buffalo Posts:6,117 Points:1,162,475 Joined:Sep 2005	Message Posted: Sep 2, 2010 12:12:23 AM Ignore unicornpmb Report Abuse Can't wait for next weeks report.
tedjm1 Champion Author New York Posts:3,540 Points:389,685 Joined:Dec 2006	Message Posted: Sep 2, 2010 12:10:11 AM Ignore tedjm1 Report Abuse Does this recrease my gas price? Not from what I see.
CobraLeader Champion Author New Jersey Posts:267,902 Points:1,200,750 Joined:Apr 2007	Message Posted: Sep 2, 2010 12:09:54 AM Ignore CobraLeader Report Abuse ... I still don't understand???? ...
Bus561 Champion Author Lexington Posts:14,076 Points:2,753,105 Joined:May 2004	Message Posted: Sep 2, 2010 12:07:32 AM Ignore Bus561 Report Abuse Another waste of space and print.
altonb1 Champion Author Pennsylvania Posts:6,895 Points:1,054,645 Joined:Jul 2005	Message Posted: Sep 2, 2010 12:04:46 AM Ignore altonb1 Report Abuse Prices should continue to drop, I guess...but they sure are dropping slowly
Jeeputtputt Champion Author Michigan Posts:1,388 Points:341,520 Joined:Aug 2009	Message Posted: Sep 1, 2010 11:57:01 PM Ignore Jeeputtputt Report Abuse Increased, decreased???
jtfftj All-Star Author New Hampshire Posts:987 Points:823,730 Joined:Sep 2005	Message Posted: Sep 1, 2010 11:47:11 PM Ignore jtfftj Report Abuse Still no answer to my question: Tea leaves or crystal ball? Just further proof that we do not need a Department of Energy. Just creating statistics for their own sake. Meaningless information. Has zero effect on any price, wholesale or retail. Close up shop and get a real job.
kbierley Champion Author Dayton Posts:9,931 Points:1,270,610 Joined:Nov 2003	Message Posted: Sep 1, 2010 11:45:46 PM Ignore kbierley Report Abuse If you take the time to look over the report and understand it, you can learn a lot.
AKmailman Champion Author Alaska Posts:3,298 Points:1,099,495 Joined:Jul 2004	Message Posted: Sep 1, 2010 11:44:22 PM Ignore AKmailman Report Abuse lowlights from a lowlife agency
waynemustang Champion Author Indiana Posts:4,666 Points:1,237,280 Joined:Nov 2006	Message Posted: Sep 1, 2010 11:43:08 PM Ignore waynemustang Report Abuse Government reports are boring and meaningless.
Chris46 Champion Author Dayton Posts:17,140 Points:1,673,495 Joined:Sep 2005	Message Posted: Sep 1, 2010 11:29:19 PM Ignore Chris46 Report Abuse Prices are on the rise again... What happened to $2.35/gallon gas prices predicted?
ashishpa All-Star Author St. Louis Posts:951 Points:217,540 Joined:Feb 2010	Message Posted: Sep 1, 2010 11:25:56 PM Ignore ashishpa Report Abuse Prices will be back to high again
mstearno Champion Author Dayton Posts:5,867 Points:1,286,185 Joined:Jan 2008	Message Posted: Sep 1, 2010 11:20:01 PM Ignore mstearno Report Abuse when will prices drop again?
Lukus Champion Author Halifax Posts:6,026 Points:1,216,610 Joined:Nov 2007	Message Posted: Sep 1, 2010 11:09:37 PM Ignore Lukus Report Abuse So inventories are up but the prices are still up as well.
lightbulbman2008 Champion Author Worcester Posts:187,204 Points:1,120,175 Joined:Oct 2008	Message Posted: Sep 1, 2010 11:04:00 PM Ignore lightbulbman2008 Report Abuse prices should fall faster than they are now at the retail level.!!!!
saleboss Champion Author Phoenix Posts:2,857 Points:964,560 Joined:Feb 2006	Message Posted: Sep 1, 2010 11:03:05 PM Ignore saleboss Report Abuse Same story as the last three weeks!!