The Energy Information Administration reported Wednesday that U.S. crude inventories fell by 1 million barrels for the week ended Oct. 16. That followed a 3.8 million-barrel decline the week before. On average, analysts polled by S&P Global Platts forecast a weekly decrease of 1.9 million barrels, while the American Petroleum Institute on Tuesday reported an increase of 584,000 barrels, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged up by 1 million barrels for the week. Gasoline supply, meanwhile, climbed by 1.9 million barrels, while distillate stockpiles fell by 3.8 million barrels. The S&P Global Platts survey had shown expectations for supply declines of 1.6 million barrels for gasoline and 3 million barrels for distillates.
Crude 3 month chart
Crude 1 year chart below
Crude 5 year chart below
Crude 10 year chart below
Unleaded Gasoline Price Charts:
5 year........are we headed back to the highs?
Weekly US ending stocks of crude oil.
Weekly ending stocks for unleaded gasoline.
Weekly US ending stocks for distillate fuel oil(heating oil-especially used in the Northeast).
|Oct 28, 2020||10:30||-1.001M|
|Oct 21, 2020||10:30||-1.001M||-1.021M||-3.818M|
|Oct 15, 2020||11:00||-3.818M||-2.835M||0.501M|
|Oct 07, 2020||10:30||0.501M||0.294M||-1.980M|
|Sep 30, 2020||10:30||-1.980M||1.569M||-1.639M|
|Sep 23, 2020||10:30||-1.639M||-2.325M||-4.389M|
Current gas prices. They may seem low but we are being price gouged in some markets right now. This seems to happen more at this time of year for some reason.