About the only good news from the DOE….

…is that the Midwest PADD was up again! This week rising from 46.3 million barrels to 47.7 million. While gasoline stockpiles fell in most other locations, Midwest storage rose a very nice size chunk! We should see prices come down more, even factoring in the market increases today.

Overall, the DOE report was miserable. Oil inventories were down a catastrophic 7.1 million barrels while gasoline fell from 191.1 million barells to 190.4 (a fall of 700,000 barrels).

We should see prices come down into the 2.80s before a hike.

Powered by ScribeFire.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 1,750,112 bad guys.


This site uses Akismet to reduce spam. Learn how your comment data is processed.

TheGasGame.com (c) 2017 Frontier Theme