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Started by MarkB - Nov. 14, 2021, 5:53 p.m.

Looks like crude has put in a top. Not really sure as to why. It may hang in this area for a short while before dropping. 

Re: Crude
By metmike - Nov. 14, 2021, 7:34 p.m.
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Thanks much Mark!

Could be a top orrrrrr a bull flag.

The war on fossil fuels is intentionally forcing prices higher and taking away subsidies to make them less competitive with the fake green and wind. 

Much  of the new investment and even old investment money is looking at non fossil fuels. 

This is unprecedented and makes predicting the future prices especially challenging.

Seasonally, prices are usually very weak for all the energy markets in November.

                $555 billion to fight the fake climate crisis            

                            Started by metmike - Nov. 2, 2021, 12:19 p.m.            

Re: Re: Crude
By metmike - Nov. 14, 2021, 7:41 p.m.
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Crude has not been following the Autumn seasonal unless you call this weakness correlated with the typical drop at this time of year, which is stretching it.

Crude Oil

Rohöl saisonal

Re: Re: Crude
By metmike - Nov. 14, 2021, 7:48 p.m.
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Funds are always mega long crude apparently in recent years.



Release DateTimeActualForecastPrevious
Nov 12, 2021 14:30  419.3K
Nov 05, 2021 14:30419.3K 423.7K
Oct 29, 2021 14:30423.7K 429.6K
Oct 22, 2021 14:30429.6K 404.8K
Oct 15, 2021 14:30404.8K 398.3K
Oct 08, 2021 14:30398.3K 373.8K
Oct 01, 2021 14:30373.8K 356.0K
Sep 24, 2021 14:30356.0K 355.1K
Sep 17, 2021 14:30355.1K 349.2K
Sep 10, 2021 14:30349.2K 356.5K
Sep 03, 2021 14:30356.5K 374.3K
Aug 27, 2021 14:30374.3K
By metmike - Nov. 14, 2021, 7:50 p.m.
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Here are the latest gas prices across the country:

Why are west coast gasoline prices higher?

The two main reasons are transportation and taxes. Part of the cost of gasoline is what it costs to take refined product and transport it to the end user. Below is a map of the main refineries and pipeline in North America.

You can see that the west coast has a much smaller amount of infrastructure than other parts of the map. As a result, more of your gasoline is refined in places that require it to be shipped by transportation.

The second reason is that the states on the West Coast have used fuel taxes more than the average.

If you add to that state requirements about how the gasoline is blended based on the various state environmental air quality and emissions standards, you can tweak the price again. The addition of MTBE or ethanol seasonally, further adds cost to a gallon.

Both coasts tax their gasoline beyond the norm. Add to that in California they require 2 to 3 times as many fuel mixes as any other state which increases the cost again.

Re: Re: Crude
By metmike - Nov. 14, 2021, 7:53 p.m.
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U.S. Crude Oil Inventories


Latest Release   Nov 10, 2021   Actual 1.001M   Forecast2.125M    Previous 3.291M


Release DateTimeActualForecastPrevious
Nov 17, 2021 10:30  1.001M
Nov 10, 2021 10:301.001M2.125M3.291M
Nov 03, 2021 09:303.291M2.225M4.267M
Oct 27, 2021 09:304.267M1.914M-0.431M
Oct 20, 2021 09:30-0.431M1.857M6.088M
Oct 14, 2021 10:006.088M0.702M2.346M
Oct 06, 2021 09:302.346M-0.418M4.578M
Sep 29, 2021 09:304.578M-1.652M-3.481M
Sep 22, 2021 09:30-3.481M-2.440M-6.422M
Sep 15, 2021 09:30-6.422M-3.544M-1.529M
Sep 09, 2021 10:00-1.529M-4.612M-7.169M
Sep 01, 2021 09:30-7.169M-3.088M-2.979M


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).