Oil Slick Stuff

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We are averaging $2.45 a gallon in Boiled peanut GA. As long as it is $2.50 or less a gallon I'm OK with that but it appears to be creeping up a little every day. it seems that the Government thinks that reasonably priced Gasoline is bad for the economy, which is wrong as wrong can be.:suspicious:
 
I don't really mind if the price changes a couple of pennies either way every couple of days. It is the 30-40+ cent jump in one day that irritates me and then it might take a few weeks to fall lower. ;swear
 
It always goes up like a Bat out of HELL bat.gif and Oozes Down like Honey
images
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EIA Petroleum Status Report
[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		PriorActual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"] Released On 6/10/2015 10:30:00 AM For wk6/5, 2015[/TD]

[TD="class: actual_consensus_box_numbers"]-1.9 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] -6.8 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]-0.3 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] -2.9 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]3.9 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] 0.9 M barrels [/TD]
[/TD]
[/TR]
[/TABLE]


showimage.asp


Economic Calendar - Bloomberg
 
Oil supplies fall a 7th straight week, but delivery hub stockpiles rise

Published: June 17, 2015 11:27 a.m. ET

U.S. oil prices struggled to hold above the $60 level Wednesday, pressured by an unexpected climb in gasoline inventories and a hefty increase in stockpiles at the futures delivery hub in Oklahoma.
Prices found little support from a seventh straight weekly decline in crude supplies and a decrease in weekly oil production.
July crude CLN5, +0.02% was up 5 cents at $60.02 a barrel on the New York Mercantile Exchange. It was trading at $61.13 before the supply data then began to pare gains after it, briefly turning a bit lower.

August Brent crude LCOQ5, +0.49% on London’s ICE Futures exchange rose 37 cents, or 0.6%, to $64.07 a barrel, also paring gains.
Early Wednesday, the U.S. Energy Information Administration reported a decline of 2.7 million barrels in crude supplies for the week ended June 12. Crude inventories have now fallen for seven weeks in a row, according to the EIA data.
Analysts polled by Platts forecast a crude-stock fall of 2.4 million barrels, while the American Petroleum Institute late Tuesday reported a drop of 2.9 million barrels.
Domestic production also showed a decline, with total output at 9.59 million barrels a day, down 21,000 barrels a day from a week earlier.[more]

Oil supplies fall a 7th straight week, but delivery hub stockpiles rise - MarketWatch
 
EIA Petroleum Status Report
Economic Calendar - Bloomberg
[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		PriorActual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"] Released On 6/17/2015 10:30:00 AM For wk6/12, 2015 [/TD]

[TD="class: actual_consensus_box_numbers"]-6.8 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] -2.7 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]-2.9 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] 0.5 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]0.9 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] 0.1 M barrels [/TD]
[/TD]
[/TR]
[/TABLE]
 
Price at the pump for gasoline jumped 12 cents this morning in Michigan.

Just in time for the Holiday weekend.

E10= $3.09
 
A rather Political post for this thread, but I will ignore it and let it rot and deteriorate into nothingness.
 
Nnut: Your moniker has never had more meaning than right now. And another drop in oil today...The world is crazy...Frackin causing earthquakes, Greeks thumbing their noses at friendly Germans, China slaying it's citizens with a draggin.....I mean dragon market...:D:banana::nuts:

FS
 
So tell me this-

WHY IS IT that, when the price of crude has gone DOWN by 20% over the last ten days....


That the price at the pump has gone UP?


oil-07-07.jpg
 
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