US Cash Products-Gasoline diffs up despite supply build

Not logged in [Log In] [Sign Up] [Points Leaders] [My Profile]

Saturday, November 22, 2008 4:29:43 PM

Featured Sponsor

Save 5% on gas Get a 5% rebate on gas purchases with the Discover Card* Click here for more info


Add gas prices to your web site. Click here to find out how!

GasBuddy News Article

US Cash Products-Gasoline diffs up despite supply build Friday, October 10, 2008
Reuters -- NEW YORK, Oct 9 (Reuters) - Cash gasoline rose across the hubs despite a big build in national stockpiles, with the New York Harbor seeing a rise in demand for physical barrels, traders said on Thursday. "There's a lot of demand, everyone's refilling after supply disruptions due to the hurricanes; the stock build was primarily in the Gulf Coast," said one gasoline trader in the NY Harbor referring to recent hurricanes Ike and Gustav. National gasoline supplies logged a bigger-than-forecast rise of 7.2 million barrels to 186.8 million last week, the government said Wednesday, with all regions showing gains.
Visit Reuters for full article

Message Forum - Read Message

Category: Daily News Article Discussions > Topics		Add to favorite topics Post New Topic
Rate this topic: Low 1 - 2 - 3 - 4 - 5 High Avg rating: 0.0 (0 votes)

Author	Topic: US Cash Products-Gasoline diffs up despite supply build	Post a Reply Back to Topics

JT Moderator	Message Posted: 10/10/2008 9:53:06 AM	Ignore JT Report Abuse
	Friday, October 10, 2008 Reuters -- NEW YORK, Oct 9 (Reuters) - Cash gasoline rose across the hubs despite a big build in national stockpiles, with the New York Harbor seeing a rise in demand for physical barrels, traders said on Thursday. "There's a lot of demand, everyone's refilling after supply disruptions due to the hurricanes; the stock build was primarily in the Gulf Coast," said one gasoline trader in the NY Harbor referring to recent hurricanes Ike and Gustav. National gasoline supplies logged a bigger-than-forecast rise of 7.2 million barrels to 186.8 million last week, the government said Wednesday, with all regions showing gains. Visit Reuters for full article

REPLIES (newest first)

First

Next Last

thomas41546 Champion Author Tennessee Posts:1,712 Points:792,390 Joined:Oct 2005	Message Posted: 10/11/2008 6:04:08 PM	Ignore thomas41546 Report Abuse
	yes
domer2 All-Star Author Gary Posts:877 Points:379,975 Joined:May 2007	Message Posted: 10/11/2008 12:13:45 PM	Ignore domer2 Report Abuse
	more manipulation
POLELANE Champion Author Ohio Posts:2,261 Points:240,150 Joined:Mar 2008	Message Posted: 10/11/2008 11:52:56 AM	Ignore POLELANE Report Abuse
	gasoline board them
bbreff Champion Author Atlanta Posts:2,080 Points:1,027,215 Joined:Jun 2005	Message Posted: 10/11/2008 11:45:25 AM	Ignore bbreff Report Abuse
	Can you really believe the FEDS? Not me.
RLH68 Champion Author Orlando Posts:2,000 Points:413,950 Joined:Jun 2007	Message Posted: 10/11/2008 10:48:53 AM	Ignore RLH68 Report Abuse
	Can't go by government figures, they refuse to tell the truth.
Don20 Champion Author Oklahoma City Posts:1,535 Points:1,015,720 Joined:Mar 2005	Message Posted: 10/11/2008 9:35:31 AM	Ignore Don20 Report Abuse
	With the reserve up should mean lower gas.. Distributors are refilling everyone storage tanks, thats good....
NYRfan Sophomore Author Cincinnati Posts:167 Points:125,470 Joined:Jul 2006	Message Posted: 10/11/2008 9:33:46 AM	Ignore NYRfan Report Abuse
	looking for any reason to not keep gas prices from dropping
Toddc2008 All-Star Author Dallas Posts:506 Points:184,985 Joined:Feb 2008	Message Posted: 10/11/2008 9:32:15 AM	Ignore Toddc2008 Report Abuse
	TXYANKEE, I agree. This mess could have been mostly sorted out if Nanci Pelosi hadn't taken a vacation during the hight of the fuel crisis. Fortunately, fuel prices down here have finally dropped below the $3.00 mark. I didn't think that I would see it go this low again this year and I'm glad, but I don't know how long it will last.
JPGKC Champion Author Tampa Posts:3,174 Points:574,000 Joined:Sep 2006	Message Posted: 10/11/2008 9:30:19 AM	Ignore JPGKC Report Abuse
	Still needs to drop another $1 per gallon.
DarthDadJr Veteran Author Virginia Posts:457 Points:95,310 Joined:Jul 2008	Message Posted: 10/11/2008 9:26:25 AM	Ignore DarthDadJr Report Abuse
	OK...so the distributors are refilling their storage tanks that are near empty...nice to know.
gasie1 Champion Author Maine Posts:2,046 Points:952,635 Joined:Nov 2005	Message Posted: 10/11/2008 9:26:02 AM	Ignore gasie1 Report Abuse
	The price of gas is still too high.
Zygnatz Champion Author British Columbia Posts:4,991 Points:980,055 Joined:Oct 2005	Message Posted: 10/11/2008 9:21:21 AM	Ignore Zygnatz Report Abuse
	More smoke and mirrors I think.
cableman31 All-Star Author New York Posts:778 Points:431,725 Joined:May 2004	Message Posted: 10/11/2008 9:18:43 AM	Ignore cableman31 Report Abuse
	Don't forget txyankee, the president also vetos bills and this clown vetoed plenty of good bills. Don't forget, if you don't agree with Bush, you're a terrorest and he does have the lowest rating of any other president EVER. We need change at the top and it's not 4 more years of Bush thinking. McCain was a maverick at one time, but he has fallen in line now.
sluggopyle Champion Author North Carolina Posts:7,046 Points:628,080 Joined:Dec 2005	Message Posted: 10/11/2008 9:18:22 AM	Ignore sluggopyle Report Abuse
	"Cash gasoline rose across the hubs"... "restart of the catalytic cracker"... "PADD1"... - and yet it looks so much like English...
DooDaa Champion Author Massachusetts Posts:3,595 Points:783,965 Joined:Dec 2004	Message Posted: 10/11/2008 9:16:15 AM	Ignore DooDaa Report Abuse
	time for another change already!!..
Takmygas Champion Author Indianapolis Posts:2,068 Points:283,755 Joined:Dec 2007	Message Posted: 10/11/2008 9:13:02 AM	Ignore Takmygas Report Abuse
	oh bs. here we go again
Lonewolftx Champion Author Houston Posts:5,725 Points:1,126,960 Joined:Sep 2005	Message Posted: 10/11/2008 9:10:55 AM	Ignore Lonewolftx Report Abuse
	it will settle out . . .
zeljko All-Star Author Greensboro Posts:786 Points:327,450 Joined:Sep 2005	Message Posted: 10/11/2008 9:09:25 AM	Ignore zeljko Report Abuse
	good
bdrviper Champion Author Grand Rapids Posts:1,005 Points:714,360 Joined:May 2006	Message Posted: 10/11/2008 9:08:48 AM	Ignore bdrviper Report Abuse
	ok
rockinrog All-Star Author Ontario Posts:853 Points:683,630 Joined:May 2006	Message Posted: 10/11/2008 9:07:30 AM	Ignore rockinrog Report Abuse
	the supply will build but the economy is so bad that it won't go out fast enough.
rgb42722 Veteran Author Kentucky Posts:318 Points:107,835 Joined:May 2004	Message Posted: 10/11/2008 9:06:39 AM	Ignore rgb42722 Report Abuse
	I don't want to say this, but I believe that gas prices are near the bottom and may start to rise as the refineries change to the winter blend.
ironbox_sara Champion Author Albany Posts:1,628 Points:700,055 Joined:Mar 2006	Message Posted: 10/11/2008 9:03:50 AM	Ignore ironbox_sara Report Abuse
	Use down, supplies rising. Prices down. Poor speculators.
ladybugIL Sophomore Author Chicago Posts:246 Points:103,730 Joined:Jul 2008	Message Posted: 10/11/2008 9:03:47 AM	Ignore ladybugIL Report Abuse
	Maybe the price of air fares will go down too.
tizbowwow Champion Author Illinois Posts:1,025 Points:178,435 Joined:May 2008	Message Posted: 10/11/2008 9:02:11 AM	Ignore tizbowwow Report Abuse
	good
txyankee Champion Author Milwaukee Posts:4,250 Points:734,575 Joined:Sep 2005	Message Posted: 10/11/2008 9:01:03 AM	Ignore txyankee Report Abuse
	price will go higher soon. we have a do nothing democrate congress for 2 years. Now if a democrate is elected there will be complete caous of do nothings running the us. they will tax the big companies causing them to cut back employment and some will even move out of coutry . get ready for the biggest depression of all time. Congress and senate are the ones who creat laws while the president is the one who sign's them... Vote all incumbents out of office this election cycle. that would be the real change..
STEVE853 Champion Author Florida Posts:1,242 Points:316,865 Joined:Nov 2007	Message Posted: 10/11/2008 8:56:14 AM	Ignore STEVE853 Report Abuse
	Bull.
Pseudorious Veteran Author Philadelphia Posts:474 Points:220,575 Joined:Sep 2005	Message Posted: 10/11/2008 8:56:04 AM	Ignore Pseudorious Report Abuse
	Odd.
canescommuter All-Star Author Greensboro Posts:668 Points:159,195 Joined:Feb 2008	Message Posted: 10/11/2008 8:55:26 AM	Ignore canescommuter Report Abuse
	We are still facing supply problems, high prices and OPEC is making noises about cutting production to prop up oil prices. We must, as a country, abandon oil as an energy source and take the power away from these corrupt OPEC nations. Support alternate, renewable, domestic energy.
murphy50 Champion Author Colorado Posts:1,205 Points:1,003,985 Joined:May 2004	Message Posted: 10/11/2008 8:54:11 AM	Ignore murphy50 Report Abuse
	Gas will go up after the election, no matter who wins. If McBush wins, the oil companies will know they have a free ride for another 4 years and if Barak Obama wins, oil companies will have to get in one more gouging before things change.
dlowe79 Veteran Author Alabama Posts:283 Points:55,935 Joined:Sep 2008	Message Posted: 10/11/2008 8:46:35 AM	Ignore dlowe79 Report Abuse
	It's all a bunch of B***.
Gassaver30 Sophomore Author Austin Posts:111 Points:21,785 Joined:Aug 2008	Message Posted: 10/11/2008 8:45:30 AM	Ignore Gassaver30 Report Abuse
	Going down on the daily here!!!
cheapertvs Champion Author Richmond Posts:1,838 Points:1,123,345 Joined:Jan 2004	Message Posted: 10/11/2008 8:44:30 AM	Ignore cheapertvs Report Abuse
	There truly is a crisis in confidence everywhere.
takethe_point All-Star Author Omaha Posts:732 Points:27,780 Joined:Apr 2008	Message Posted: 10/11/2008 8:43:50 AM	Ignore takethe_point Report Abuse
	global warming? Ha. Got down to -21 here last winter
gasman50 Champion Author Portland Posts:1,318 Points:821,600 Joined:Nov 2005	Message Posted: 10/11/2008 8:43:06 AM	Ignore gasman50 Report Abuse
	And the news is..............?
Dennis783 Champion Author Wisconsin Posts:5,613 Points:1,124,895 Joined:Sep 2005	Message Posted: 10/11/2008 8:42:04 AM	Ignore Dennis783 Report Abuse
	still going down daily here
techque All-Star Author St. Louis Posts:671 Points:954,000 Joined:Apr 2005	Message Posted: 10/11/2008 8:40:28 AM	Ignore techque Report Abuse
	so wholesalers demand is 'up' after manipulating their supplies to skew the market, but consumers demands are down since we've lost our jobs, our houses, our retirement funds, so we're not going anywhere except the unemployment office. thx, petroterrorists.
TeachR06 Champion Author Raleigh Posts:1,028 Points:483,935 Joined:Sep 2006	Message Posted: 10/11/2008 8:39:37 AM	Ignore TeachR06 Report Abuse
	This seems to continue to be a correction from the hurricane and probably can't be analyzed into something else at this point.
RochBear Champion Author Minnesota Posts:1,758 Points:505,580 Joined:May 2006	Message Posted: 10/11/2008 8:39:00 AM	Ignore RochBear Report Abuse
	Don't believe Global warming. I live in Rochester MN, this year we did not make it to 90 degrees (highest temp was 89). This is one of only 4 times (since weather has been recorded here) that this has happened. So we were COOLER than normal. And what has Al Gore Done to combate higher fuel prices? Oh yeah, he's not in power. OK, what has Nancy P. done to combate higher gas prices. This HUGE run up happened on her watch as speaker!
billy44bo Champion Author Mobile Posts:1,415 Points:253,910 Joined:Feb 2008	Message Posted: 10/11/2008 8:37:28 AM	Ignore billy44bo Report Abuse
	people holding on to what money they have left
LaCajunDJ Veteran Author Louisiana Posts:389 Points:90,155 Joined:Jul 2008	Message Posted: 10/11/2008 8:36:17 AM	Ignore LaCajunDJ Report Abuse
	What's new???
brutus Champion Author Alberta Posts:1,767 Points:938,780 Joined:Feb 2003	Message Posted: 10/11/2008 8:34:11 AM	Ignore brutus Report Abuse
	About time.
ArboretumCop Champion Author Richmond Posts:1,277 Points:1,015,010 Joined:Sep 2005	Message Posted: 10/11/2008 8:32:57 AM	Ignore ArboretumCop Report Abuse
	OK
CSharpGuy Champion Author Colorado Springs Posts:1,291 Points:281,555 Joined:Jan 2008	Message Posted: 10/11/2008 8:31:56 AM	Ignore CSharpGuy Report Abuse
	Well, if global warming is true, we won't need as much oil products this winter.
spunky4443 Champion Author Washington Posts:1,166 Points:458,805 Joined:May 2005	Message Posted: 10/11/2008 8:30:03 AM	Ignore spunky4443 Report Abuse
	If every family out there, would have their spouse, push the car, we wouldn't be in this mess!!!!!!!
ladyjj Champion Author Tennessee Posts:1,465 Points:162,510 Joined:Apr 2008	Message Posted: 10/11/2008 8:29:09 AM	Ignore ladyjj Report Abuse
	One tells you it is low and the other tells you it is high who do you believe here!
weenerdog Champion Author Detroit Posts:1,657 Points:302,835 Joined:Jan 2008	Message Posted: 10/11/2008 8:28:24 AM	Ignore weenerdog Report Abuse
	They need to build their reserves again
napermike79 All-Star Author Twin Cities Posts:610 Points:392,000 Joined:May 2001	Message Posted: 10/11/2008 8:28:11 AM	Ignore napermike79 Report Abuse
	I smell a shortage in the air very soon
MeterShock Veteran Author London Posts:386 Points:87,305 Joined:Aug 2008	Message Posted: 10/11/2008 8:27:59 AM	Ignore MeterShock Report Abuse
	Agreed cincindie
MiJeff Champion Author Grand Rapids Posts:3,525 Points:856,300 Joined:May 2005	Message Posted: 10/11/2008 8:23:37 AM	Ignore MiJeff Report Abuse
	conserve
cincindie Champion Author Cincinnati Posts:8,388 Points:1,660,520 Joined:Mar 2004	Message Posted: 10/11/2008 8:19:29 AM	Ignore cincindie Report Abuse
	Localized gas supply is probably not a good idea - the problem Tennessee, Georgia and other SE states faced a few weeks ago is a case in point.