US Cash Products-Gasoline diffs up despite supply build

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Thursday, November 20, 2008 9:21:13 PM

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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.
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	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

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thomas41546 Champion Author Tennessee Posts:1,700 Points:790,440 Joined:Oct 2005	Message Posted: 10/11/2008 6:04:08 PM	Ignore thomas41546 Report Abuse
	yes
domer2 All-Star Author Gary Posts:872 Points:379,000 Joined:May 2007	Message Posted: 10/11/2008 12:13:45 PM	Ignore domer2 Report Abuse
	more manipulation
POLELANE Champion Author Ohio Posts:2,245 Points:238,200 Joined:Mar 2008	Message Posted: 10/11/2008 11:52:56 AM	Ignore POLELANE Report Abuse
	gasoline board them
bbreff Champion Author Atlanta Posts:2,070 Points:1,025,265 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:1,990 Points:412,000 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:1,525 Points:1,013,770 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:157 Points:123,520 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:503 Points:184,775 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:3,164 Points:572,050 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:2,036 Points:950,685 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:4,981 Points:978,105 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:768 Points:429,775 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:7,033 Points:626,880 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:3,585 Points:782,015 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:2,063 Points:283,080 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:5,714 Points:1,125,010 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:326,150 Joined:Sep 2005	Message Posted: 10/11/2008 9:09:25 AM	Ignore zeljko Report Abuse
	good
bdrviper All-Star Author Grand Rapids Posts:995 Points:712,410 Joined:May 2006	Message Posted: 10/11/2008 9:08:48 AM	Ignore bdrviper Report Abuse
	ok
rockinrog All-Star Author Ontario Posts:843 Points:681,680 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:313 Points:106,860 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:1,623 Points:698,330 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:236 Points:101,780 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:1,015 Points:176,485 Joined:May 2008	Message Posted: 10/11/2008 9:02:11 AM	Ignore tizbowwow Report Abuse
	good
txyankee Champion Author Milwaukee Posts:4,240 Points:732,625 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:1,231 Points:315,065 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:158,320 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:1,195 Points:1,002,035 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:281 Points:55,495 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:108 Points:21,150 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:1,828 Points:1,121,395 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:1,315 Points:820,515 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:5,603 Points:1,122,945 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:666 Points:953,775 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:1,023 Points:482,960 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:1,753 Points:504,605 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:1,410 Points:252,935 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:384 Points:89,180 Joined:Jul 2008	Message Posted: 10/11/2008 8:36:17 AM	Ignore LaCajunDJ Report Abuse
	What's new???
brutus Champion Author Alberta Posts:1,757 Points:937,580 Joined:Feb 2003	Message Posted: 10/11/2008 8:34:11 AM	Ignore brutus Report Abuse
	About time.
ArboretumCop Champion Author Richmond Posts:1,267 Points:1,013,060 Joined:Sep 2005	Message Posted: 10/11/2008 8:32:57 AM	Ignore ArboretumCop Report Abuse
	OK
CSharpGuy Champion Author Colorado Springs Posts:1,281 Points:279,605 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:1,156 Points:456,855 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:1,455 Points:161,295 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:1,647 Points:301,335 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:604 Points:390,130 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:376 Points:85,355 Joined:Aug 2008	Message Posted: 10/11/2008 8:27:59 AM	Ignore MeterShock Report Abuse
	Agreed cincindie
MiJeff Champion Author Grand Rapids Posts:3,515 Points:854,350 Joined:May 2005	Message Posted: 10/11/2008 8:23:37 AM	Ignore MiJeff Report Abuse
	conserve
cincindie Champion Author Cincinnati Posts:8,378 Points:1,658,570 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.