Whoa! The analysts missed this one by a mile. Here were the predictions, prior to the release of the report:
Analysts surveyed by Dow Jones Newswires on average predict crude inventories rose 300,000 barrels during the week ended Oct. 19, and Vienna’s PVM Oil Associates also noted that “expectations for this week’s U.S. oil inventory data [...]
Gasoline Inventories,Gasoline Inventories >
This Week in Petroleum 10-24-07 
100% Manipulation?
From the Detroit Free Press:
Oil prices go sky-high, but don’t fear $5 gas
If oil prices reach $100 a barrel for the first time, does that mean gasoline will be $5 a gallon?
Analysts say no — gas won’t even hit $4, because oil supplies are good.
“This is 100% manipulation by the financial players … and the [...]
Inventory Management
I have been engaged in an e-mail exchange with a journalist overseas who is writing an article on gasoline pricing in the U.S. I don’t want to give anything away, so I won’t be any more specific than that. However, I do want to share a couple of responses that I sent regarding some questions [...]
This Week in Petroleum 5-23-07
Some Reactions to Gasoline Inventories
From Bloomberg:
Crude Oil Is Steady as U.S. Gasoline Supplies, Demand Increase
“Inventories are growing but we are still in big trouble with gasoline supplies,” said Phil Flynn, vice president of risk management at Alaron Trading Corp. in Chicago. “Supplies should be much higher going onto the Memorial Day weekend.”
U.S. gasoline consumption peaks [...]
Gas Prices, Gouging, and Food versus Fuel
A few newsworthy items to cover: Gas prices, gas gouging legislation, and food versus fuel.
Gas Prices on the Rise
Surprise! It seems that gas prices are rising:
Gas prices on the rise again, analyst reports
Gas prices are on the rise again, just as Americans hit the highways for Thanksgiving.
Gas prices rose about 5 cents per gallon nationwide [...]
This Week in Petroleum 1-30-08
Updated
Gasoline inventories did in fact edge upward, as gasoline imports were very strong. Had that not been the case, gasoline inventories would have definitely come down, as utilization continues to trend down. In fact, just glancing over the data, more gasoline may have been imported this January than in any other January before. As long [...]
This Week in Petroleum 4-18-07
Really late getting this out this week, but it has been a very hectic 24 hours. I have about 3 posts I need to write up.
This week’s report highlights:
U.S. crude oil refinery inputs averaged over 15.4 million barrels per day during the week ending April 13, up 372,000 barrels per day from the previous week’s [...]
Peak Lite
Is Peak Oil upon us? This opinion seem to be gaining in popularity due to the recent price spikes in crude oil and gasoline. Many feel that the markets are signaling that the peak is here.
I have previously written several articles about the rise in gasoline prices. Gasoline prices are increasing due to a number [...]
This Week in Petroleum 9-06-07
Another week, another all-time low on gasoline inventories. As I wrote last week:
Gasoline inventories were not this low following Hurricane Katrina, and yet we have had an uneventful summer. It is very possible that we will not dig ourselves out of this hole for a long time. In the short term, an upturn in gasoline [...]
This Week in Petroleum 11-21-07
2nd Update:
Well, we got that big surprise, primarily because crude imports were sharply down from last week. Some excerpts:
U.S. crude oil refinery inputs averaged 14.9 million barrels per day during the week ending November 16, down 151,000 barrels per day from the previous week’s average. Refineries operated at 87.0 percent of their operable capacity last [...]
