Better Fill up today

[frawin]

Crude is trading at $77.66 this morning, up $1.99. . Our neighborhood pump price is $3.14, or at least is was last night. Doe inventory had a bigger than expected draw.

[frawin]

Below is the most recent Petroleum data report, inventories went down more than expected and crude will probably move up because of it.




Summary of Weekly Petroleum Data for the Week Ending September 30, 2011
U.S. crude oil refinery inputs averaged 15.1 million barrels per day during the week ending September 30, 73 thousand barrels per day below the previous week's average. Refineries operated at 87.7 percent of their operable capacity last week. Gasoline production increased last week, averaging nearly 9.3 million barrels per day. Distillate fuel production increased last week, averaging about 4.7 million barrels per day.
U.S. crude oil imports averaged 8.7 million barrels per day last week, down by 1.0 million barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 8.8 million barrels per day, 246 thousand barrels per day below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 505 thousand barrels per day. Distillate fuel imports averaged 208 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.7 million barrels from the previous week. At 336.3 million barrels, U.S. crude oil inventories are in the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 1.1 million barrels last week and are above the upper limit of the average range. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories decreased by 0.7 million barrels last week and are in the upper limit of the average range for this time of year. Propane/propylene inventories increased by 1.2 million barrels last week and are below the lower limit of the average range. Total commercial petroleum inventories decreased by 4.6 million barrels last week.
Total products supplied over the last four-week period have averaged just under 19.0 million barrels per day, down by 1.3 percent compared to the similar period last year. Over the last four weeks, motor gasoline product supplied has averaged 8.9 million barrels per day, down by 1.7 percent from the same period last year. Distillate fuel product supplied has averaged about 3.9 million barrels per day over the last four weeks, up by 2.0 percent from the same period last year. Jet fuel product supplied is 2.9 percent lower over the last four weeks compared to the same four-week period last year.

[frawin]

Crude settled at $79.68, up $4.01 on the day. I just filled up my pickup at $3.12 a gallon. You better fill up today as it will be higher tomorrow.

[frawin]

I just filled Myrna's Pilot at $3.09/Gallon. It will be higher tomorrow.

[frawin]

Crude is trading at $80.84, up $1.16 this morning. The pump price will go up today.

[frawin]

Crude settled at $82.59, up $2.91 on the day.

[frawin]

Crude is trading at $82.24, down $0.35.

[Catwoman]

Gasoline jumped .10/gal here...It's up to 3.19/gal. 

[frawin]

Gasoline jumped .10/gal here...It's up to 3.19/gal.  

Cat, it is $3.06 here. 

[frawin]

Crude is trading at $84.44, up $1.46 this morning.