Thursday, November 12, 2009

Crude and Products Inventories

STOCKS (MILLION BARRELS)               10/30/09 11/06/09
 
Crude Oil                                335.9    337.7
 East Coast (PADD I)                      13.3     11.4
 Midwest (PADD II)                        78.1     80.2
  Cushing, Oklahoma                       25.5     27.0
 Gulf Coast (PADD III)                   173.6    174.4
 Rocky Mountain (PADD IV)                 15.9     16.1
 West Coast (PADD V)                      54.9     55.6
Note Cushings build of 1.5
 
Refineries operated at 79.9 percent of capacity. 
Total motor gasoline inventories increased by 2.5 
million barrels,and are above the upper limit of
the average range.Both finished gasoline inventories
and blending components increased last week.
 
Distillate fuel inventories increased by 0.3 
million barrels, and are above the upper boundary 
of the average range for this time of year.
 
Over the last four weeks, motor gasoline deman
has averaged 8.9 million barrels per day, down
by 1.0 percent from the same period last year. 
 
Distillate fuel demand has averaged 3.6 million
barrels per day over the last four weeks, down
by 13.8 percent from the same period last year.
 
Not exactly bullish. Apparently the consumer isn't
quite as resilient as the last time prices ran up. 
But then, that was probably 8 million or so jobs ago.

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