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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Dennis Roth who wrote (41442)4/6/2005 11:12:23 AM
From: CommanderCricket  Read Replies (4) | Respond to of 206324
 
Dennis,

You have to wonder why gasoline inventories continue to fall in the face of increasing refinery runs - up to 93.7%. What happened to our spring time build? Oh - CNBC reports gasoline supplies should be dropping this time of year.

We're increasing imports but can't see how we can meet gasoline demand for the summer without higher prices.

It was interesting watching a stock like VLO take off after the report.

Demand is going strong

Over the last four weeks, motor gasoline demand has averaged 9.1 million barrels per day, or 1.9 percent above the same period last year, while distillate fuel demand has averaged 4.3 million barrels per day, or 4.6 percent above the same period last year. Kerosene-type jet fuel demand is up 9.4
percent over the last four weeks compared to the same four-week period last year.



To: Dennis Roth who wrote (41442)4/13/2005 10:41:51 AM
From: Dennis Roth  Read Replies (2) | Respond to of 206324
 
U.S. commercial crude oil inventories rose by 3.6 million barrels from the previous week. Over the
last nine weeks, they have increased a total of 26.4 million barrels. At 320.7
million barrels, U.S. crude oil inventories are just below the upper end of the
average range for this time of year. Total motor gasoline inventories increased
by 0.8 million barrels last week, and remain above the average range.
Distillate fuel inventories inched down by 0.1 million barrels last week, and
remain in the lower half of the average range for this time of year. An
increase in high-sulfur distillate fuel (heating oil) was countered by a similar
decline in low-sulfur distillate fuel (diesel fuel). Total commercial petroleum
inventories rose by 5.8 million barrels last week, and remain in the upper half
of the average range.

For the rest of the report see:
eia.doe.gov

Robry825's latest Storage figures show strong storage builds as a result IMHO of favorable weather and a strong contango premium.
finance.messages.yahoo.com

But don't worry, rising inventory levels don't matter.
It's different this time, don't you know. <ggg>


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