All through the spring and early summer I kept pointing to falling gasoline inventories as a potential problem. Running inventories down to very low levels greatly increases the risks associated with any supply disruptions. And […]
Tag: gas inventories
Oil Prices Up, Gasoline Down
From the Dallas Morning News: Jul. 9–Consumers watching the news about soaring crude oil prices normally would expect to pay for those increases at the pump. But since May, that has not been the case. […]
This Week in Petroleum 6-13-07
Update: Very brief update. First, I just came back from the hospital, where they extracted a small boulder from my kidney. With that, I put this horrible episode behind me. On the inventory report, I […]
This Week in Petroleum 6-6-07
Update: The numbers are out. Gasoline made a strong gain this week, as imports remained high. Demand remains well above last year’s numbers. Given that imports were down slightly over the previous week (but still […]
Gasoline Prices – Part I: Immediate Causes
Note: This essay was published at Financial Sense on May 31, 2007. Introduction As of this writing in late May 2007, gasoline prices have increased by over $0.70 per gallon since March. This is great […]
This Week in Petroleum 5-30-07
2nd Update: The data have been released: Summary of Weekly Petroleum Data for the Week Ending May 25, 2007 As I have been predicting, this was an all-time record low gasoline inventory for Memorial Day […]
API Conference Call on Gas Prices
On May 16th, I participated in another conference call with the American Petroleum Institute. The subject was gas prices. Since I am probably not the best person to challenge the API on gas prices, I […]
This Week in Petroleum 5-23-07
Some Reactions to Gasoline Inventories From Bloomberg: Crude Oil Is Steady as U.S. Gasoline Supplies, Demand Increase “Inventories are growing but we are still in big trouble with gasoline supplies,” said Phil Flynn, vice president […]
Gouging is an Idiotic Explanation
Not my words, but I have expressed similar sentiments. Paul Sankey, an analyst with Deutsche Bank, testified on May 15th before the Senate Committee on Energy and Natural Resources. I would guess some jaws dropped […]
Gas Boycott Post Mortem
Well, let’s see what effect the gas boycott of 2007 has had. If you recall, on May 15th you weren’t supposed to buy gasoline, and this would cause gas prices to drop: “Do not buy […]