Update: I am gasoline-centric like most in the U.S., but as a reader pointed out, diesel prices are way up there as well. Whereas gasoline just barely beat last May’s record, diesel is currently $1.00/gal […]
Tag: EIA
Drowning in Gasoline
It sort of crept up on me, but last night as I reviewed This Week in Petroleum, I was struck by just how fast the U.S. has built gasoline inventories. Currently at 230 million barrels, […]
This Week in Petroleum 1-30-08
Updated Gasoline inventories did in fact edge upward, as gasoline imports were very strong. Had that not been the case, gasoline inventories would have definitely come down, as utilization continues to trend down. In fact, […]
This Week in Petroleum 1-24-08
Updated: Not too much to get excited about. Those reports of some refineries coming down early for turnarounds due to low margins look to be accurate, given the drop in refinery utilization. That would also […]
This Week in Petroleum 1-16-08
With all of the traveling, and then trying to catch up after the holidays, I haven’t had time to do a proper TWIP. Anyway, mostly what we saw for the past month were crude draws, […]
This Week in Petroleum 12-12-07
Updated: You would think if last week’s large inventory drop was due to fog-induced delays, all of that crude would show up this week. Not so, as another drop in crude inventories was recorded: U.S. […]
This Week in Petroleum 12-5-07
Update following the release: Big surprises all around this week: Summary of Weekly Petroleum Data for the Week Ending November 30, 2007 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) dropped […]
This Week in Petroleum 11-28-07
2nd Update Crude was down sharply following today’s release. The AP explains: NEW YORK (AP) — Oil’s rise to $100 a barrel, which seemed a done deal as recently as two days ago, was dealt […]
This Week in Petroleum 11-21-07
2nd Update: Well, we got that big surprise, primarily because crude imports were sharply down from last week. Some excerpts: U.S. crude oil refinery inputs averaged 14.9 million barrels per day during the week ending […]
This Week in Petroleum 11-15-07
2nd Update Now, 30 minutes after the release of the report, the market is starting to react, and oil prices are falling. Are traders really that slow to react? Or is that some kind of […]