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To: Dennis Roth who wrote (52335)10/26/2005 11:22:53 AM
From: CommanderCricket  Respond to of 206195
 
Dennis,

Any comments on last week's distillate number versus this week.

Up 3% from last week with supply remaining the same?

CL up $0.26

Michael



To: Dennis Roth who wrote (52335)10/26/2005 8:49:18 PM
From: Ed Ajootian  Respond to of 206195
 
Gasoline demand UP Year over year
by: bigenergybull 10/26/05 05:21 pm
Msg: 134838 of 134891

Well, don't expect it to get much press, but for the last three weeks, gasoline demand in the US has been
3 weeks ago 8.783
2 weeks ago 8.961
last week 8.981
Last week year ago 8.883
Yup, gasoline demand up 200,000 bbls a day in the last two weeks, and now about 100,000 bbls a day MORE GASOLINE DEMAND than last year.
Oh, and at the same time, distillate demand rose from 3.9 MBPD two weeks ago, to 4.29 MBPD last week.
Demand is coming back. But its not like we have any physical shortages...nobody's lining up for gas and deisel.
Oh, they are?

*************************************************************

Looks like we are finally starting to get back to more normalized gasoline demand #'s, now that more of the refineries are up.

I still say we need to see about 2-3 weeks more of data, but if each of such weeks shows higher year-on-year gasoline and distillate demand #'s the oil bulls will be back front & center.



To: Dennis Roth who wrote (52335)11/2/2005 10:44:14 AM
From: Dennis Roth  Read Replies (4) | Respond to of 206195
 
Table of Demand Destruction

Summary of Weekly Petroleum Data for the Week Ending October 28, 2005
eia.doe.gov

The following is from the last eight weekly petroleum data reports:


Average of last four weeks demand compared to same period last year

Week Ending Gasoline Distillate Jet Fuel

September 9 -1.1 percent +1.4 percent
September 16 -2.1 percent -0.7 percent
September 23 -2.8 percent -3.1 percent
September 30 -2.6 percent -3.8 percent -0.6 percent
October 7 -2.4 percent -4.0 percent -4.4 percent
October 14 -2.2 percent -4.0 percent -3.1 percent
October 21 -2.0 percent -1.4 percent -4.9 percent
October 28 -1.7 percent -1.5 percent -4.2 percent


Year over year comparisions were considered highly relevant when they made the bullish case, now that they don't, they are dismissed as irrelevent or weather distorted.