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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:15,290 Points:1,146,200 Joined:Nov 2008	Message Posted: Aug 26, 2010 8:46:06 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 5:45:01 PM Ignore POLELANE Report Abuse highlights; lowlights; must be something preemptive they could do for us.
remay Champion Author Houston Posts:4,721 Points:1,659,695 Joined:May 2006	Message Posted: Aug 26, 2010 8:41:55 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 2:02:09 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:4,988 Points:1,074,405 Joined:Jan 2009	Message Posted: Aug 26, 2010 1:21:37 AM Ignore Asbury09 Report Abuse supplies up, prices steady something does not seem right
TBONE3 Champion Author Pennsylvania Posts:6,408 Points:1,514,645 Joined:Mar 2005	Message Posted: Aug 26, 2010 1:12:44 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:6,226 Points:1,237,480 Joined:May 2008	Message Posted: Aug 26, 2010 1:07:08 AM Ignore REKEY Report Abuse Yawn!
madison8359 Champion Author Cleveland Posts:5,758 Points:1,131,415 Joined:Apr 2008	Message Posted: Aug 26, 2010 1:02:05 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:5,719 Points:1,289,665 Joined:May 2005	Message Posted: Aug 26, 2010 12:57:44 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:4,860 Points:1,020,830 Joined:Nov 2008	Message Posted: Aug 26, 2010 12:52:54 AM Ignore adr47 Report Abuse Speculators must work harder Greed Still Rules
vulcan96 Champion Author Ohio Posts:21,195 Points:2,643,495 Joined:Aug 2004	Message Posted: Aug 26, 2010 12:47:17 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:8,042 Points:1,543,190 Joined:Jul 2007	Message Posted: Aug 26, 2010 12:45:15 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:5,656 Points:1,326,370 Joined:Dec 2007	Message Posted: Aug 26, 2010 12:43:28 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:3,560 Points:393,585 Joined:Dec 2006	Message Posted: Aug 26, 2010 12:37:10 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 12:36:27 AM Ignore CumminsFanOH Report Abuse So what does this mean for pump prices?
unicornpmb Champion Author Buffalo Posts:6,137 Points:1,166,375 Joined:Sep 2005	Message Posted: Aug 26, 2010 12:32:03 AM Ignore unicornpmb Report Abuse Thank you, my week is now complete.
NotmeuQc Champion Author Montreal Posts:3,330 Points:672,845 Joined:Apr 2009	Message Posted: Aug 26, 2010 12:30:37 AM Ignore NotmeuQc Report Abuse More useless information
Quick68 Champion Author Columbus Posts:4,864 Points:762,800 Joined:Dec 2009	Message Posted: Aug 26, 2010 12:26:59 AM Ignore Quick68 Report Abuse Sounds like the state of Pennsylvania.
Jeff1944 Champion Author South Dakota Posts:3,109 Points:681,790 Joined:Jan 2010	Message Posted: Aug 26, 2010 12:23:20 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:6,168 Points:1,860,680 Joined:Aug 2005	Message Posted: Aug 26, 2010 12:19:44 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:7,684 Points:1,617,860 Joined:Dec 2006	Message Posted: Aug 26, 2010 12:18:38 AM Ignore Bigwaynef Report Abuse Hmmm, who's footing the bill???
rxman1 Champion Author Toledo Posts:7,025 Points:1,401,170 Joined:Nov 2007	Message Posted: Aug 26, 2010 12:18:31 AM Ignore rxman1 Report Abuse You have to wonder if the speculators read reports like this.
Bruno44 Champion Author Texas Posts:4,861 Points:1,326,775 Joined:Sep 2007	Message Posted: Aug 26, 2010 12:16:10 AM Ignore Bruno44 Report Abuse Duhhh.
Blue_Cruzer Champion Author Lexington Posts:5,172 Points:1,206,625 Joined:Mar 2007	Message Posted: Aug 26, 2010 12:13:21 AM Ignore Blue_Cruzer Report Abuse Putting together this DOE report is a waste of time and money.
SBlouch Champion Author San Antonio Posts:6,907 Points:1,474,780 Joined:Apr 2007	Message Posted: Aug 26, 2010 12:12:37 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:5,634 Points:1,666,105 Joined:Jun 2006	Message Posted: Aug 26, 2010 12:06:53 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:6,065 Points:1,819,440 Joined:Jul 2006	Message Posted: Aug 26, 2010 12:04:07 AM Ignore camel1 Report Abuse more projected nonsense about future needs will come from this
joel27nc Champion Author Raleigh Posts:8,177 Points:1,396,345 Joined:Mar 2008	Message Posted: Aug 26, 2010 12:03:49 AM Ignore joel27nc Report Abuse Ah yes yet another government sponsored speculation report.
AKmailman Champion Author Alaska Posts:3,313 Points:1,103,495 Joined:Jul 2004	Message Posted: Aug 26, 2010 12:01:19 AM Ignore AKmailman Report Abuse low lights from a low life agancy
NHLiveFree Champion Author New Hampshire Posts:7,250 Points:1,174,285 Joined:Jun 2008	Message Posted: Aug 25, 2010 11:59:54 PM Ignore NHLiveFree Report Abuse Who cares
Tatalah Champion Author Riverside Posts:8,819 Points:2,007,980 Joined:May 2003	Message Posted: Aug 25, 2010 11:58:56 PM 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:4,790 Points:1,173,055 Joined:Jun 2008	Message Posted: Aug 25, 2010 11:58:46 PM Ignore DrCashFlow Report Abuse and what are the lowlights?
traindude Champion Author Virginia Beach Posts:5,615 Points:1,246,100 Joined:Jun 2007	Message Posted: Aug 25, 2010 11:54:39 PM 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 25, 2010 11:51:09 PM 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:5,173 Points:968,810 Joined:Mar 2004	Message Posted: Aug 25, 2010 11:40:50 PM 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:2,425 Points:471,905 Joined:Apr 2010	Message Posted: Aug 25, 2010 11:33:17 PM Ignore gasaholicMO Report Abuse EVBuddy good for you, They are still to high for me.
EVBuddy Champion Author Nevada Posts:14,353 Points:2,572,315 Joined:Sep 2004	Message Posted: Aug 25, 2010 11:27:35 PM Ignore EVBuddy Report Abuse Because I drive an all electric?
Panama Red Champion Author San Diego Posts:8,757 Points:2,046,015 Joined:Jun 2004	Message Posted: Aug 25, 2010 11:21:37 PM 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:14,096 Points:2,757,005 Joined:May 2004	Message Posted: Aug 25, 2010 11:18:59 PM Ignore Bus561 Report Abuse A total waste of print and space. Stop this stupid report.
OGW Champion Author London Posts:3,357 Points:1,116,855 Joined:Sep 2005	Message Posted: Aug 25, 2010 11:14:14 PM 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:1,403 Points:343,725 Joined:Aug 2009	Message Posted: Aug 25, 2010 11:10:19 PM Ignore Jeeputtputt Report Abuse Hilites?? zzzzzzzzzzzzzzzzzzz
signwiz Champion Author Indiana Posts:1,395 Points:1,352,930 Joined:Feb 2006	Message Posted: Aug 25, 2010 11:07:32 PM Ignore signwiz Report Abuse Always interesting and baffling.
Lukus Champion Author Halifax Posts:6,047 Points:1,220,510 Joined:Nov 2007	Message Posted: Aug 25, 2010 11:04:38 PM Ignore Lukus Report Abuse Inventories up, crude prices down but gas prices down only a bit.
heysailor Champion Author Pittsburgh Posts:7,251 Points:1,871,135 Joined:Mar 2006	Message Posted: Aug 25, 2010 10:52:56 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:267,245 Joined:Jan 2005	Message Posted: Aug 25, 2010 10:52:07 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 10:50:50 PM Ignore ricker8 Report Abuse despite all of this we are still over paying at the pumps
915Chief Champion Author San Diego Posts:6,071 Points:1,205,295 Joined:Aug 2008	Message Posted: Aug 25, 2010 10:45:36 PM Ignore 915Chief Report Abuse So we'll see this at the pump when?
judgemobile Champion Author Ohio Posts:5,265 Points:1,987,145 Joined:Nov 2005	Message Posted: Aug 25, 2010 10:42:54 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:5,639 Points:1,119,000 Joined:Nov 2008	Message Posted: Aug 25, 2010 10:36:27 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:5,885 Points:1,333,350 Joined:Aug 2005	Message Posted: Aug 25, 2010 10:33:44 PM Ignore sjl08203 Report Abuse Prices should drop after Labor Day.