Originally posted a year ago today (9/14/06), this one is due for a bump since RVP transition is once again upon us. This is going to make product inventory forecasts a bit tricky over the […]
Tag: gas prices
This Week in Petroleum 9-06-07
Another week, another all-time low on gasoline inventories. As I wrote last week: Gasoline inventories were not this low following Hurricane Katrina, and yet we have had an uneventful summer. It is very possible that […]
This Week in Petroleum 8-01-07
Edited to add: Just got a note from the API. They added: According to today’s API report outlining last week’s production figures, gasoline production reached an all-time high of 9.63 million barrels per day, nearly […]
This Week in Petroleum 7-25-07
Just a quick update on the highlights of the weekly EIA report: U.S. crude oil refinery inputs averaged over 15.8 million barrels per day during the week ending July 20, up 172,000 barrels per day […]
Predictions: Hits, Misses, and Pending
I have made a lot of predictions in my writings, and my own impression is that my track record has been pretty good. But I started wondering a few days ago if that’s because I […]
This Week in Petroleum 7-18-2007
It’s been a while since I updated one of these, but this seems like a good time for an inventory review. Crude inventories are very high, distillate inventories are about normal, and gasoline inventories were […]
Hot Gas is a Bunch of Hot Air
The Owner Operator Independent Drivers Association (OIDA) has launched a new website to “educate” people on the issue of hot gas. And by educate, I mean misinform and obfuscate. I can’t help but wonder about […]
A Seamless Transition to a Post-Fossil Economy?
I am going to be covered up through the weekend, but there have been some good discussions down the page that I want to bump up as stand alone posts. One is a discussion of […]
The Risk of Maintaining Low Inventories
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 […]
When Governments Dictate Gas Prices
This is what can happen: Queues resurface as Zimbabwe runs out of fuel APA-Harare (Zimbabwe) Long fuel queues have resurfaced in Zimbabwe as filling stations ran out of petrol following a government directive to reduce […]