Gasoline speculators were caught with their pants down this morning, and now they've lost their shirts.
In today's Crude Reality report, Bob van der Valk notes that the closely watched national inventories for gasoline from the Dept. of Energy (DOE) are higher than expected by a jaw-dropping 3.2 million barrels, suggesting that consumers continue to buy less gas while the oil industry continues to over-produce.
What's frightening is that today's inventory report shows that gasoline inventories are actually down 21 million barrels compared to this time last year ... and there is still too much gas.
Why is this "frightening?"
It's not because we care about the "poor suffering speculators" who are busy wiping the blood off the trading floor with the shirts of losing investors, rather, it is because the high inventories suggest that fewer people are driving (you don't commute when you are unemployed), and fewer businesses are shipping goods to suppliers (businesses that aren't selling product don't consumer fuel).
Yet despite all this bad news, and a likely drop in oil prices, the ugly truth is that gas prices are going to go up. See Mr. van der Valk's report to learn why.
Get today's Crude Reality at http://www.fueltracker.com/crude-reality
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I'm a dyed-in-the-wool
I'm a dyed-in-the-wool conservative, and I definitely prefer Target to Walmart. Boycott Target? Yeah, I heard about it, of course. I'm not playing though, even though I'm not terribly fond of Target because a lot of their stuff is the same old junk Walmart has. That being said, I agree with you, there IS political bandwagon-hopping going on, if you ask me. I'm all for a good cause or a good boycott, but come ON. canlı sohbet sohbet mirc indir cinsel sohbet chat siteleri sohbet siteleri kameralı sohbet sohbet odaları cinsel sohbet odaları kızlarla sohbet oda oyunları chat siteleri I think Hugh Hewitt is brilliant on many, many things, but this Target nonsense is a little silly. I mean, does anyone REALLY care if Target doesn't want the ringers outside? I prefer to give to charity--yes, including the Salvation Army!--on my terms, not as a result of an (admittedly passive) ambush. I'm glad to not have to embarrassingly pass by without dropping chump change in their buckets.revizyon ile organize matbaacılık brnckvvtmlttrhaberi muhabbet sikiş izle sikiş izle sohbet aksaray sohbet odaları sohbet odaları okey oyna okey oyna brnckvvtmllttrhaberiile.blogspot.com Sohbet Sohbet Sohbet
gasoline going up
There's no balance in here, gas consume is much less and the price of gasoline are going up despite of much fuel stocks on the market. Property Scams
Fuel Prices
If you think you have it bad in the US - you should see UK price and when the fuel companies prices drop do they pass them on to the customer - NO!!!
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oh, how interesting - as in
oh, how interesting - as in less gas consumption could be construed not as a good thing (people being conscientious) but as a bad one - indicative of less economic activity. i wonder how these causes are tracked and separated.
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Disrobed
It must be hard to keep your hat on when caught with your pants down, losing your shirt. But what would you have done if you were in their shoes? Clearly then need to pull their socks up!
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More.!
More n More! How much they want!!
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They can\t still grab profits!!
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No stopping
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Gas prices will reach the moon!
Almost every month or two. GAS prices are increasing. No stopping limit on it.
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Gas prices
Gas prices will continue to rise. the only let off is when someone has developed a suitable replacement which won't be for another decade that I can see. Too dependent on that source of fuel.
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They can still grab profits
They can still grab profits if they are ready for the decrease in price. I just hope that no workers are laid off because of the stopped operations. classifieds |job|walk in tub
On the rise
Gas prices in this area have been experiencing a steady increase this past week or so (I don't have to be as accurate as AgentOrange) and they're displaying some of the same traits seen in the last run up. The stations that lead the last two drops in price are again the first to be climbing. So, the Spring thaw is getting more people out and driving. No so in other parts of the country, but Good Ol' San Diego says they experienced a cold winter if the temperature ever dips below 40. Brrrrrrr!
I do expect AgentOrange to read my blog so that I might get informed about things I asked there.
Between Blogs, Forums and Messages which is the best method for passing information and keeping up on the development cycles.
I'd say we have a shortage of Gas Spys right now. I know I'm remiss in getting more station data ready, but I've been addicted to GasBuddy and their Forums. It's really so robust, dynamic and fun. I've had lots of ideas to improve that site, but it's definitely in the hands of the old timers and they don't want to change anything least they'd diminish their own importance (in their own minds.)
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