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Started By
Message
re: Falling US gasoline stockpiles signal a repeat of last summer's high prices
Posted on 3/23/23 at 11:04 am to ragincajun03
Posted on 3/23/23 at 11:04 am to ragincajun03
Also Reuters
The article above states we are at 480.2 million barrels which is double the amount quoted in your article, from your quote
So which Reuters article to believe?
quote:
U.S. crude inventories rose by 1.2 million barrels last week to 480.2 million barrels last week to the highest since May 2021, government data showed, beating analyst expectations of a 457,000-barrel rise. It was the 10th straight weekly increase.
The article above states we are at 480.2 million barrels which is double the amount quoted in your article, from your quote
quote:
"We are in danger of going below 200 million barrels of gasoline storage for the first time in many years," said Robert Yawger, director of energy futures at Mizuho.
So which Reuters article to believe?
2
Posted on 3/23/23 at 11:06 am to ragincajun03
frick biden. frick congress. frick the senate. Stupid motherfrickers
Posted on 3/23/23 at 11:07 am to ragincajun03
All of this is so unnecessary as well because it is all manufactured by the progressive agenda fueled by climate emergency fear porn.
Posted on 3/23/23 at 11:07 am to LetsgoGamecocks
Maybe I’m reading wrong, but isn’t one part referring to crude and the other gasoline?
Posted on 3/23/23 at 11:11 am to 407Saint
quote:
That could be good for regional destinations like Destin/Panama City Beach/30A, Smoky Mountains/Gatlinburg/Pigeon Forge
Hell all of these places have been bat shite crazy crowded the last three years and prices are obnoxious
Posted on 3/23/23 at 11:16 am to ragincajun03
Our dollars are worth 75% of what they were when this clown was inaugurated.
Posted on 3/23/23 at 11:20 am to TBoy
Groomer loser.
Posted on 3/23/23 at 11:45 am to notiger1997
quote:
Maybe I’m reading wrong, but isn’t one part referring to crude and the other gasoline?
You are reading correctly.
Posted on 3/23/23 at 11:47 am to LetsgoGamecocks
quote:
LetsgoGamecocks
Crude Oil is not Gasoline.
Posted on 3/23/23 at 11:53 am to ragincajun03
For anyone who wants actual data for this story. Stockpiles for every region are in the 5 year band. Oil stockpiles are in their 5 year band. This article should be under opinion not news.
PADD regions
PADD regions
This post was edited on 3/23/23 at 11:59 am
Posted on 3/23/23 at 12:08 pm to ragincajun03
oh what a coincidence LOL
Posted on 3/23/23 at 12:14 pm to fightin tigers
Appreciate the data! 
Posted on 3/23/23 at 12:29 pm to ragincajun03
Liberal white women will just start bleating about how that's just more reason to get an EV.
Posted on 3/23/23 at 4:05 pm to mule74
im confused.. we have oil refineries. well over 100 operative.
Posted on 3/23/23 at 4:15 pm to LSU1SLU
quote:
im confused.. we have oil refineries. well over 100 operative.
There's nothing to be confused about. Right wingers take a suggestion that more gasoline will be consumed in the summer and turn it into a chicken little doomsday freakout about Biden.
It's all bullshite.
Posted on 3/23/23 at 5:06 pm to LSU1SLU
quote:
im confused.. we have oil refineries. well over 100 operative.
Operating at +95% capacity for a couple years as well. Crazy how thin the line is.
Posted on 3/23/23 at 7:29 pm to TBoy
quote:
There's nothing to be confused about. Right wingers take a suggestion that more gasoline will be consumed in the summer and turn it into a chicken little doomsday freakout about Biden.
Would it be better if “right wingers” turned it into criticism of the past 10 years of exasperated EPA regulation overreach?
Posted on 3/23/23 at 7:34 pm to ragincajun03
I just hope the O+G companies can weather the storm.
They barely squeaked by and kept the lights on last year.
They barely squeaked by and kept the lights on last year.
Posted on 3/23/23 at 8:42 pm to LSU1SLU
Let me help you. From 1998 to 2014 we built ZERO new refineries in the US. We have built roughly 10 since then. We have built maybe 30 new refineries in the past 50 years. So of the roughly 130 or so operable refineries, roughly 100 of them are over 50 years old. They are coming off line every year at a faster rate than we are building them. We have roughly the same refining a capacity that we had in 2014. Two more refineries are set to be shuttered this year.
Our fuel demand is continuing to climb and or refining capacity is slowly dwindling. So it doesn’t matter how much additional crude we produce, we won’t be able to convert it to gasoline.
Our fuel demand is continuing to climb and or refining capacity is slowly dwindling. So it doesn’t matter how much additional crude we produce, we won’t be able to convert it to gasoline.
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