Gas Price Heat Maps

GasBuddy News Article

votes

DOE report bullish, retail prices may fall in some areas

GasBuddy Blog -- Surprise, surprise. The DOE report today was quite bullish on many fronts, pushing oil prices and gasoline futures up almost immediately. Prices have since fallen back to hold on to small gains. In its Weekly Petroleum Status Report, the DOE outlines higher demand for oil products, lower gasoline and distillate inventories, and crude inventories gaining a respectable amount.

Crude inventories rose 1.4 million barrels while gasoline and distillate fuels fell a combined 5.1 million barrels, an amount that was larger than I had expected. The number may reflect refiners eager to move winter-spec material as temperatures begin to warm.

Also included in the report was demand data that showed motorists increasing appetite for...

Read the Full Article

Submitted Mar 10, 2010 By: PD

Back To News

Category: GasBuddy Official Blog > Topics	Add to favorite topics Post New Topic

Author	Topic: DOE report bullish, retail prices may fall in some areas	Post a Reply Back to Topics

REPLIES (newest first)

First Prev

Next Last

zornave Champion Author Louisville Posts:13,887 Points:2,204,540 Joined:Jul 2001	Message Posted: Mar 11, 2010 7:54:06 AM Ignore zornave Report Abuse The key element in this statement is 'bull'.
SwampDonkeyME Veteran Author Maine Posts:270 Points:53,315 Joined:Nov 2008	Message Posted: Mar 11, 2010 7:52:22 AM Ignore SwampDonkeyME Report Abuse API: This just in, The DOE has speculated that the unemployed will be driving more due to the fact of nonexistent jobs in their local areas, forcing them to drive further each week, thus creating more demand which is bullish for the market. Film at 11:00!
airfield2 Rookie Author Macon Posts:2 Points:31,815 Joined:Sep 2009	Message Posted: Mar 11, 2010 7:51:05 AM Ignore airfield2 Report Abuse We conserve more because we are told it will bring lower prices. Then OPEC meets and cuts production so that the price goes higher. In the end we are still paying more and driving shoebox size disposable cars that fill our landfills. Where is the incentive to conserve?
mk9999 Champion Author Rochester Posts:2,982 Points:697,195 Joined:Aug 2008	Message Posted: Mar 11, 2010 7:50:41 AM Ignore mk9999 Report Abuse These high oil and gas prices will cause another recession, which will mean even more people unemployed.
TomT2Lee Champion Author Cincinnati Posts:3,470 Points:1,091,790 Joined:Sep 2005	Message Posted: Mar 11, 2010 7:49:17 AM Ignore TomT2Lee Report Abuse lol. When a tree falls in the middle of the forest and no one is around does it make a sound?
rsm315 All-Star Author Detroit Posts:845 Points:220,505 Joined:Dec 2009	Message Posted: Mar 11, 2010 7:48:59 AM Ignore rsm315 Report Abuse what down 2 cents and then tommorow up 10 ?
heysailor Champion Author Pittsburgh Posts:4,670 Points:1,359,070 Joined:Mar 2006	Message Posted: Mar 11, 2010 7:48:16 AM Ignore heysailor Report Abuse Old news
Joeski1 Champion Author New Jersey Posts:3,841 Points:766,405 Joined:Dec 2004	Message Posted: Mar 11, 2010 7:46:16 AM Ignore Joeski1 Report Abuse may fall?? hahahahahahahaha!! Got Hybrid?
sdhuper Sophomore Author Toronto Posts:174 Points:68,615 Joined:Dec 2009	Message Posted: Mar 11, 2010 7:45:28 AM Ignore sdhuper Report Abuse one day going up then next day going down. but in reality always going up
BM4225 Champion Author Atlanta Posts:5,484 Points:1,179,120 Joined:Aug 2006	Message Posted: Mar 11, 2010 7:44:49 AM Ignore BM4225 Report Abuse Well I just saw another 6 cents jump, so if I can get to the station down the street quickly, I may beat his increase.
Marson Champion Author Scranton Posts:4,394 Points:1,147,745 Joined:Oct 2006	Message Posted: Mar 11, 2010 7:44:20 AM Ignore Marson Report Abuse Not happening here.
rjoeh Champion Author Michigan Posts:3,805 Points:1,585,790 Joined:Jun 2004	Message Posted: Mar 11, 2010 7:43:01 AM Ignore rjoeh Report Abuse I look at this report as being supportive of speculator greed. Or in other words... a big guess.
rvn4me Champion Author Texas Posts:1,872 Points:556,285 Joined:Jan 2009	Message Posted: Mar 11, 2010 7:42:57 AM Ignore rvn4me Report Abuse Lower inventories. Refineries operating at 80%. Holding oil offshore. Why should the price go up?
danny999 Champion Author Florida Posts:3,706 Points:663,835 Joined:Oct 2008	Message Posted: Mar 11, 2010 7:42:52 AM Ignore danny999 Report Abuse 82/BARREL IS NOT FALLEN BACK.BHO DOING YOUR MATH?????
arinkrat17 Champion Author Twin Cities Posts:1,502 Points:366,515 Joined:Aug 2009	Message Posted: Mar 11, 2010 7:39:44 AM Ignore arinkrat17 Report Abuse conserve more
matman01 Champion Author Detroit Posts:9,196 Points:1,016,345 Joined:May 2007	Message Posted: Mar 11, 2010 7:38:55 AM Ignore matman01 Report Abuse Love my hybrid
ky_commuter75 Champion Author Cincinnati Posts:2,693 Points:999,385 Joined:Jul 2005	Message Posted: Mar 11, 2010 7:37:36 AM Ignore ky_commuter75 Report Abuse start conserving
Badmoon Champion Author Massachusetts Posts:3,361 Points:678,965 Joined:Oct 2008	Message Posted: Mar 11, 2010 7:37:10 AM Ignore Badmoon Report Abuse Still no economic recovery. The bubble grows larger.
turbosaab Champion Author Cleveland Posts:9,139 Points:1,438,665 Joined:Sep 2006	Message Posted: Mar 11, 2010 7:36:34 AM Ignore turbosaab Report Abuse I don't know where these guys get their information. With each passing day there are more people out of work. How does that add up to increased demand?
no_monkey2002 Champion Author Tallahassee Posts:3,798 Points:1,126,115 Joined:Mar 2006	Message Posted: Mar 11, 2010 7:35:12 AM Ignore no_monkey2002 Report Abuse the question is when will you stop driving to get the OPEC nations to lower their profits
INDY51 Champion Author North Carolina Posts:1,505 Points:339,970 Joined:Jun 2009	Message Posted: Mar 11, 2010 7:34:48 AM Ignore INDY51 Report Abuse WE GIVE IN! OIL AN GAS PRICES ARE GOINT TO RISE. HOW MANY GOV. COMMITEES DOES IT TAKE TO FIGURE THIS OUT?
Beau2140 Champion Author New York Posts:3,365 Points:682,510 Joined:Oct 2008	Message Posted: Mar 11, 2010 7:33:19 AM Ignore Beau2140 Report Abuse When the price gets high enough maybe the consumers will start to conserve.
jppezz Champion Author New Mexico Posts:3,649 Points:717,130 Joined:Jun 2008	Message Posted: Mar 11, 2010 7:30:40 AM Ignore jppezz Report Abuse When i see falling prices than i will believe it.Prices have gone up 12 cents a gallon in the past 3 weeks.
Tundralimited2009 Champion Author Dallas Posts:2,587 Points:520,450 Joined:Feb 2009	Message Posted: Mar 11, 2010 7:29:51 AM Ignore Tundralimited2009 Report Abuse Higher demand...well the summer season is upon us and vacations
Rick01 Champion Author Utah Posts:4,041 Points:1,415,590 Joined:Sep 2005	Message Posted: Mar 11, 2010 7:29:37 AM Ignore Rick01 Report Abuse Time for the summer mix and the prices will climb as the gouge the consumer!
RoadhogMA Champion Author Boston Posts:2,094 Points:477,600 Joined:Dec 2008	Message Posted: Mar 11, 2010 7:29:36 AM Ignore RoadhogMA Report Abuse Spin from the Feds .
fcdriver Champion Author Tennessee Posts:2,859 Points:601,470 Joined:Sep 2008	Message Posted: Mar 11, 2010 7:29:19 AM Ignore fcdriver Report Abuse how much do speculators pay for these reports or is it another waste of taxpayer recources
clement007 Champion Author Cleveland Posts:2,141 Points:880,300 Joined:Apr 2005	Message Posted: Mar 11, 2010 7:29:00 AM Ignore clement007 Report Abuse Thanks government keep sticking it to us.
TheSnowstorm Champion Author Montreal Posts:4,463 Points:1,005,630 Joined:June 2005	Message Posted: Mar 11, 2010 7:27:26 AM Ignore TheSnowstorm Report Abuse Waste of space, these reports have no bearing nor meaning to the average consumer.
REKEY Champion Author South Carolina Posts:3,652 Points:731,425 Joined:May 2008	Message Posted: Mar 11, 2010 7:25:50 AM Ignore REKEY Report Abuse Consere what? No one learns anything!
billy44bo Champion Author Mobile Posts:3,292 Points:622,105 Joined:Feb 2008	Message Posted: Mar 11, 2010 7:25:33 AM Ignore billy44bo Report Abuse the refiners are cutting back on production so gas levels are going to go down but "crude inventories gaining a respectable amount". It all goes hand in hand when the crude levels go down and stay down then we are using more oil other than that it is big oil playing with the numbers to get the price to go higher
TeachR06 Champion Author Raleigh Posts:3,535 Points:1,012,760 Joined:Sep 2006	Message Posted: Mar 11, 2010 7:24:57 AM Ignore TeachR06 Report Abuse people still don't have confidence in the economy. There are a few though who are beginning to buy. False sense of security?
Bou Champion Author Maine Posts:6,387 Points:1,706,590 Joined:Jan 2005	Message Posted: Mar 11, 2010 7:23:24 AM Ignore Bou Report Abuse In crease of gas demand basically due to pentup demand during the snowstorms on the east coast.
bar1035 Champion Author North Carolina Posts:2,409 Points:459,550 Joined:Aug 2006	Message Posted: Mar 11, 2010 7:21:38 AM Ignore bar1035 Report Abuse So we learned nothing back in 2008?
dhawk24 Champion Author Maine Posts:3,073 Points:676,355 Joined:Jul 2008	Message Posted: Mar 11, 2010 7:20:30 AM Ignore dhawk24 Report Abuse Reports are for speculators only...
MertieMan Champion Author Lexington Posts:9,842 Points:1,921,235 Joined:May 2005	Message Posted: Mar 11, 2010 7:15:57 AM Ignore MertieMan Report Abuse Boy they are bullish to the point of being a bunch of cut throat thieves that are also gluttonous and greedy with absolutely no compassion for their fellow man.
tankneverfull Champion Author Charlotte Posts:4,247 Points:831,445 Joined:Apr 2008	Message Posted: Mar 11, 2010 7:15:17 AM Ignore tankneverfull Report Abuse I have absolutely no trust in anything these people put out.
curlypooh Champion Author New Jersey Posts:4,952 Points:1,037,165 Joined:Apr 2007	Message Posted: Mar 11, 2010 7:13:10 AM Ignore curlypooh Report Abuse The only bullish I see it bull**** and most of it comes from Washington!
foxups Champion Author Toledo Posts:3,252 Points:645,060 Joined:Feb 2004	Message Posted: Mar 11, 2010 7:12:43 AM Ignore foxups Report Abuse time to conserve again
Valricoslash Champion Author Tampa Posts:1,788 Points:396,295 Joined:Nov 2008	Message Posted: Mar 11, 2010 7:11:11 AM Ignore Valricoslash Report Abuse wevery time DOE opens its mouth the price of gas goes up. Shut up already.
opecsucks76 Champion Author Milwaukee Posts:1,466 Points:449,770 Joined:Jan 2009	Message Posted: Mar 11, 2010 7:09:37 AM Ignore opecsucks76 Report Abuse Liver lips? So the wingnuts here are reduced to using racist terms to describe the President? I think JCUBE and his buddies should put on some white sheets and burn some crosses. Racism is alive and well.
Hangnail309 Champion Author Manitoba Posts:1,444 Points:761,590 Joined:Aug 2006	Message Posted: Mar 11, 2010 7:08:28 AM Ignore Hangnail309 Report Abuse I'll believe it when I see it ...
Metroman Champion Author Philadelphia Posts:8,202 Points:1,647,470 Joined:Aug 2003	Message Posted: Mar 11, 2010 7:07:49 AM Ignore Metroman Report Abuse Imagine that!
Grismer Champion Author Kitchener-Waterloo Posts:3,717 Points:769,215 Joined:Apr 2008	Message Posted: Mar 11, 2010 7:07:16 AM Ignore Grismer Report Abuse Since pump prices can not be directly predicted to these DOE reports, why provide them to the consumer?
JCUBE Champion Author Michigan Posts:3,566 Points:951,075 Joined:Aug 2003	Message Posted: Mar 11, 2010 7:06:23 AM Ignore JCUBE Report Abuse DOE is a shill working for big Oil and the big bail out bank speculators....They do what liverlips wants, and since he can't live up to his campaign promises, they do his bidding, so the Congress war chests for the next election are full. Let Congress run on Empty next election.
rocket_ron Champion Author Grand Rapids Posts:1,423 Points:1,042,915 Joined:Jul 2006	Message Posted: Mar 11, 2010 7:06:05 AM Ignore rocket_ron Report Abuse They don't surprise me.
granma3xnow Champion Author Indiana Posts:1,998 Points:410,675 Joined:Dec 2008	Message Posted: Mar 11, 2010 7:06:01 AM Ignore granma3xnow Report Abuse This does not bode well for the Consumer.
mlhog Veteran Author Minnesota Posts:291 Points:166,900 Joined:Oct 2009	Message Posted: Mar 11, 2010 7:04:23 AM Ignore mlhog Report Abuse FALL RIGHT!!!!
CSharpGuy Champion Author Colorado Springs Posts:4,574 Points:928,585 Joined:Jan 2008	Message Posted: Mar 11, 2010 7:04:15 AM Ignore CSharpGuy Report Abuse Prices going up always seems to surprise the "experts".
jimshell Champion Author Pennsylvania Posts:1,838 Points:466,205 Joined:Sep 2004	Message Posted: Mar 11, 2010 7:03:51 AM Ignore jimshell Report Abuse DOE needs to get out of the speculation business and leave that to the other quacks.
1006 Veteran Author Birmingham Posts:305 Points:614,960 Joined:Apr 2008	Message Posted: Mar 11, 2010 7:01:27 AM Ignore 1006 Report Abuse amen to that.
QueenMother Champion Author New Hampshire Posts:2,751 Points:1,225,200 Joined:May 2006	Message Posted: Mar 11, 2010 7:01:10 AM Ignore QueenMother Report Abuse It should fall in every area not in just some.