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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 358.3 million barrels. At 358.3 million barrels, inventories are 14.5 million barrels above last year (4.2%) and remain above average. Supply at NYMEX delivery point, Cushing, Oklahoma decreased some 700,000 barrels to 36.3 million barrels this week. Supplies at Cushing have decreased for the third time in a month but remain at healthy levels.

Gasoline inventories increased 2.3 million barrels to 225.6 million barrels. At 225.6 million barrels, inventories are now 17.6 million barrels, or 8.4% higher...

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Submitted Aug 25, 2010 By: PD

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honda0105 Champion Author Tallahassee Posts:15,272 Points:1,143,275 Joined:Nov 2008	Message Posted: Aug 26, 2010 9:46:06 PM Ignore honda0105 Report Abuse sure isn't making much denting in the gas / diesel prices at the pumps.
POLELANE Champion Author Ohio Posts:7,148 Points:828,370 Joined:Mar 2008	Message Posted: Aug 26, 2010 6:45:01 PM Ignore POLELANE Report Abuse highlights; lowlights; must be something preemptive they could do for us.
remay Champion Author Houston Posts:4,706 Points:1,656,770 Joined:May 2006	Message Posted: Aug 26, 2010 9:41:55 AM Ignore remay Report Abuse and the price of oil and gas at the pumps continues to do their own thing...
bigreddwg Champion Author Tampa Posts:4,967 Points:1,042,630 Joined:Nov 2005	Message Posted: Aug 26, 2010 3:02:09 AM Ignore bigreddwg Report Abuse strange, just a couple weeks ago, they said we were down drastically which is why the oil futures soared on the stock market and allowed the gas prices at the pump to jump up!! now, it is surprisingly better off and the prices are dropping at the pump!!
Asbury09 Champion Author Iowa Posts:4,978 Points:1,071,705 Joined:Jan 2009	Message Posted: Aug 26, 2010 2:21:37 AM Ignore Asbury09 Report Abuse supplies up, prices steady something does not seem right
TBONE3 Champion Author Pennsylvania Posts:6,393 Points:1,511,720 Joined:Mar 2005	Message Posted: Aug 26, 2010 2:12:44 AM Ignore TBONE3 Report Abuse Prices at the pump do not reflect these statistic. Prices should be dropping by more than a cent or three with the higher inventories reported and the end of summer travel just about upon us.
REKEY Champion Author South Carolina Posts:6,211 Points:1,234,555 Joined:May 2008	Message Posted: Aug 26, 2010 2:07:08 AM Ignore REKEY Report Abuse Yawn!
madison8359 Champion Author Cleveland Posts:5,745 Points:1,128,715 Joined:Apr 2008	Message Posted: Aug 26, 2010 2:02:05 AM Ignore madison8359 Report Abuse We have lots of oil in the ground, in production and at the retail level.
AuburnTim Champion Author Indiana Posts:5,704 Points:1,285,990 Joined:May 2005	Message Posted: Aug 26, 2010 1:57:44 AM Ignore AuburnTim Report Abuse Doesn't matter its not reflected at the pumps where its would help the most
adr47 Champion Author Saskatchewan Posts:4,845 Points:1,017,905 Joined:Nov 2008	Message Posted: Aug 26, 2010 1:52:54 AM Ignore adr47 Report Abuse Speculators must work harder Greed Still Rules
vulcan96 Champion Author Ohio Posts:21,174 Points:2,640,570 Joined:Aug 2004	Message Posted: Aug 26, 2010 1:47:17 AM Ignore vulcan96 Report Abuse prices in my area went down for a few days, but some spiked today.
REVLAW Champion Author San Antonio Posts:8,032 Points:1,541,240 Joined:Jul 2007	Message Posted: Aug 26, 2010 1:45:15 AM Ignore REVLAW Report Abuse So where are the reductions in prices at the pump. Oh yes, the HO wants to "redistribute" wealth and "transform" america. (Little "a" ... stature has been lost since "the HO" became the "leader" ... chief distructionist in Washington D.C.)
jcurley Champion Author California Posts:5,638 Points:1,322,170 Joined:Dec 2007	Message Posted: Aug 26, 2010 1:43:28 AM Ignore jcurley Report Abuse Gas prices are down slightly in the last month, but STILL HIGHER than last year! To paraphrase other comments posted here: WTF!?!?!?
tedjm1 Champion Author New York Posts:3,545 Points:390,660 Joined:Dec 2006	Message Posted: Aug 26, 2010 1:37:10 AM Ignore tedjm1 Report Abuse Inventories increase, but do prices go down? Don't think so.
CumminsFanOH Champion Author Columbus Posts:1,670 Points:827,990 Joined:Jan 2009	Message Posted: Aug 26, 2010 1:36:27 AM Ignore CumminsFanOH Report Abuse So what does this mean for pump prices?
unicornpmb Champion Author Buffalo Posts:6,117 Points:1,163,350 Joined:Sep 2005	Message Posted: Aug 26, 2010 1:32:03 AM Ignore unicornpmb Report Abuse Thank you, my week is now complete.
NotmeuQc Champion Author Montreal Posts:3,315 Points:669,920 Joined:Apr 2009	Message Posted: Aug 26, 2010 1:30:37 AM Ignore NotmeuQc Report Abuse More useless information
Quick68 Champion Author Columbus Posts:4,849 Points:759,875 Joined:Dec 2009	Message Posted: Aug 26, 2010 1:26:59 AM Ignore Quick68 Report Abuse Sounds like the state of Pennsylvania.
Jeff1944 Champion Author South Dakota Posts:3,092 Points:678,865 Joined:Jan 2010	Message Posted: Aug 26, 2010 1:23:20 AM Ignore Jeff1944 Report Abuse Spearfish, Sturgis and Rapid City South Dakota are full of GREED; their prices are still 32-42 cents higher than mid February 2010!!!!!! Interstate 90 in western South Dakota is the major ripoff.
LoneGuy Champion Author Lansing Posts:6,153 Points:1,857,755 Joined:Aug 2005	Message Posted: Aug 26, 2010 1:19:44 AM Ignore LoneGuy Report Abuse Still hard to raise prices with high unemployment and businesses afraid to commit money to hiring with the government off on vacation instead of letting them know what government will do to businesses. [Edited by: LoneGuy at 8/26/2010 12:23:18 AM EST]
Bigwaynef Champion Author South Carolina Posts:7,665 Points:1,614,935 Joined:Dec 2006	Message Posted: Aug 26, 2010 1:18:38 AM Ignore Bigwaynef Report Abuse Hmmm, who's footing the bill???
rxman1 Champion Author Toledo Posts:7,001 Points:1,397,270 Joined:Nov 2007	Message Posted: Aug 26, 2010 1:18:31 AM Ignore rxman1 Report Abuse You have to wonder if the speculators read reports like this.
Bruno44 Champion Author Texas Posts:4,851 Points:1,323,975 Joined:Sep 2007	Message Posted: Aug 26, 2010 1:16:10 AM Ignore Bruno44 Report Abuse Duhhh.
Blue_Cruzer Champion Author Lexington Posts:5,157 Points:1,203,700 Joined:Mar 2007	Message Posted: Aug 26, 2010 1:13:21 AM Ignore Blue_Cruzer Report Abuse Putting together this DOE report is a waste of time and money.
SBlouch Champion Author San Antonio Posts:6,896 Points:1,472,830 Joined:Apr 2007	Message Posted: Aug 26, 2010 1:12:37 AM Ignore SBlouch Report Abuse What would we ever do without our weekly DOE update. At least this report is letting them keep their job.
ssect8 Champion Author Hartford Posts:5,619 Points:1,664,680 Joined:Jun 2006	Message Posted: Aug 26, 2010 1:06:53 AM Ignore ssect8 Report Abuse When will these idiots realize that oil prices are NOT determined by supply and demand but rather by greed and speculation. But then again the DOE is the government so I guess that's not too surprising.
camel1 Champion Author Minnesota Posts:6,050 Points:1,816,515 Joined:Jul 2006	Message Posted: Aug 26, 2010 1:04:07 AM Ignore camel1 Report Abuse more projected nonsense about future needs will come from this
joel27nc Champion Author Raleigh Posts:8,162 Points:1,393,420 Joined:Mar 2008	Message Posted: Aug 26, 2010 1:03:49 AM Ignore joel27nc Report Abuse Ah yes yet another government sponsored speculation report.
AKmailman Champion Author Alaska Posts:3,303 Points:1,100,570 Joined:Jul 2004	Message Posted: Aug 26, 2010 1:01:19 AM Ignore AKmailman Report Abuse low lights from a low life agancy
NHLiveFree Champion Author New Hampshire Posts:7,217 Points:1,171,310 Joined:Jun 2008	Message Posted: Aug 26, 2010 12:59:54 AM Ignore NHLiveFree Report Abuse Who cares
Tatalah Champion Author Riverside Posts:8,800 Points:2,005,055 Joined:May 2003	Message Posted: Aug 26, 2010 12:58:56 AM Ignore Tatalah Report Abuse No matter what ANY numbers say, the price at the pump stays just about the same. "They" must be doing it with mirrors. You can't even bring your own popcorn into the theater. There is no other "popcorn" . Sure is tiring being raped daily and repeatedly by OPEC and big oil, aided and abetted by our "elected" officials. NO MORE VOTING!! Don't buy into that phony game.
DrCashFlow Champion Author Massachusetts Posts:4,780 Points:1,170,380 Joined:Jun 2008	Message Posted: Aug 26, 2010 12:58:46 AM Ignore DrCashFlow Report Abuse and what are the lowlights?
traindude Champion Author Virginia Beach Posts:5,615 Points:1,245,500 Joined:Jun 2007	Message Posted: Aug 26, 2010 12:54:39 AM Ignore traindude Report Abuse the reports are from the same place as the origins for the national enquirer
bigreddwg Champion Author Tampa Posts:4,967 Points:1,042,630 Joined:Nov 2005	Message Posted: Aug 26, 2010 12:51:09 AM Ignore bigreddwg Report Abuse DON'T BELIEVE ANY DA** PART OF THE REPORT AS LAST WEEK, IT MOANED ABOUT BEING SO MANY MILLIONS OF BARREL SHORT!! IT'S ALL A RICH MAN'S SCAM!!
TIGERPAW46 Champion Author Florida Posts:5,158 Points:965,885 Joined:Mar 2004	Message Posted: Aug 26, 2010 12:40:50 AM Ignore TIGERPAW46 Report Abuse Just means they already cut back oil deliveries at one location to try and create a shortage to push prices up. They probably had contracts still obligated to deliver at other loc. Soon that will likely be going down to match prices.
gasaholicMO Champion Author Missouri Posts:2,418 Points:470,015 Joined:Apr 2010	Message Posted: Aug 26, 2010 12:33:17 AM Ignore gasaholicMO Report Abuse EVBuddy good for you, They are still to high for me.
EVBuddy Champion Author Nevada Posts:14,343 Points:2,569,615 Joined:Sep 2004	Message Posted: Aug 26, 2010 12:27:35 AM Ignore EVBuddy Report Abuse Because I drive an all electric?
Panama Red Champion Author San Diego Posts:8,742 Points:2,042,990 Joined:Jun 2004	Message Posted: Aug 26, 2010 12:21:37 AM Ignore Panama Red Report Abuse If these are the DOE report highlights, I don't want to see rest of the DOE report. In fact, I don't want to see the DOE report at all.
Bus561 Champion Author Lexington Posts:14,081 Points:2,754,080 Joined:May 2004	Message Posted: Aug 26, 2010 12:18:59 AM Ignore Bus561 Report Abuse A total waste of print and space. Stop this stupid report.
OGW Champion Author London Posts:3,347 Points:1,114,030 Joined:Sep 2005	Message Posted: Aug 26, 2010 12:14:14 AM Ignore OGW Report Abuse Why bother with this report each week? [Edited by: OGW at 8/25/2010 11:14:37 PM EST]
Jeeputtputt Champion Author Michigan Posts:1,389 Points:341,590 Joined:Aug 2009	Message Posted: Aug 26, 2010 12:10:19 AM Ignore Jeeputtputt Report Abuse Hilites?? zzzzzzzzzzzzzzzzzzz
signwiz Champion Author Indiana Posts:1,395 Points:1,350,680 Joined:Feb 2006	Message Posted: Aug 26, 2010 12:07:32 AM Ignore signwiz Report Abuse Always interesting and baffling.
Lukus Champion Author Halifax Posts:6,031 Points:1,217,585 Joined:Nov 2007	Message Posted: Aug 26, 2010 12:04:38 AM Ignore Lukus Report Abuse Inventories up, crude prices down but gas prices down only a bit.
heysailor Champion Author Pittsburgh Posts:7,236 Points:1,868,210 Joined:Mar 2006	Message Posted: Aug 25, 2010 11:52:56 PM Ignore heysailor Report Abuse Same old, same old. Obama has nothing to do with gas prices.
panama303 All-Star Author Denver Posts:790 Points:267,120 Joined:Jan 2005	Message Posted: Aug 25, 2010 11:52:07 PM Ignore panama303 Report Abuse Obamanista is not going to let us enjoy a reprieve.
ricker8 Champion Author Ontario Posts:3,128 Points:675,325 Joined:Oct 2008	Message Posted: Aug 25, 2010 11:50:50 PM Ignore ricker8 Report Abuse despite all of this we are still over paying at the pumps
915Chief Champion Author San Diego Posts:6,066 Points:1,204,220 Joined:Aug 2008	Message Posted: Aug 25, 2010 11:45:36 PM Ignore 915Chief Report Abuse So we'll see this at the pump when?
judgemobile Champion Author Ohio Posts:5,255 Points:1,985,195 Joined:Nov 2005	Message Posted: Aug 25, 2010 11:42:54 PM Ignore judgemobile Report Abuse instead of rejoicing about possible lower pump prices, politicians are plotting higher gas taxes and saying we will not notice if pump prices stay the same.
abcdMA Champion Author Worcester Posts:5,624 Points:1,115,325 Joined:Nov 2008	Message Posted: Aug 25, 2010 11:36:27 PM Ignore abcdMA Report Abuse we are developing a small glut of oil and gas products--price drop coming?
sjl08203 Champion Author New Jersey Posts:5,875 Points:1,331,400 Joined:Aug 2005	Message Posted: Aug 25, 2010 11:33:44 PM Ignore sjl08203 Report Abuse Prices should drop after Labor Day.