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| Subject: Re: Hmm you are wrong again Oro . Gas supplies plentiful | |
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Author: Oropan |
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Date Posted: 06:56:58 04/11/07 Wed In reply to: Bev 's message, "Hmm you are wrong again Oro . Gas supplies plentiful" on 17:10:42 04/10/07 Tue Everything is some kind of a conspirisy with you! You need to get a life and get off the far left kooky websites and blogs. The article you posted stated the gasoline supplies are down 10% from last month and 4.4 million barrels from a year ago. Those kind of numbers will always drive up the price...just as it would for corn, wheat or pork bellies! You need a good course in economics 101. Then, maybe you would understand how things work and happen rather than basing your thought on kooky leftist dribble. >once again your fairy tale about why gas prices are >high is a myth . face it the reason gas prices are >high is so the oil cartel have decided they need more >profit from rueters . > >Gasoline to stay pricey, but supplies plentiful By Tom >Doggett >Tue Apr 10, 2:36 PM ET > > > >WASHINGTON (Reuters) - Motorists can expect higher >pump prices in the months ahead, but gasoline will >cost less on average than last summer and supplies >will be plentiful, the government said on Tuesday. > >ADVERTISEMENT > >The national price for regular unleaded gasoline this >summer is expected to average $2.81 a gallon, down 3 >cents from last summer, and reach a monthly peak of >$2.87 in May, the federal Energy Information >Administration said. > >The EIA's summer forecast runs from April through >September, typically the biggest demand period for >motor fuels in the United States. > >The average pump price already hit $2.80 a gallon this >week. But gasoline costs are much higher in certain >areas of the country, with Californians paying an >average $3.25. > >In its annual summer forecast, the Energy Department's >analytical arm said gasoline demand this summer will >be up 1.2 percent to 9.5 million barrels a day and >motor fuel production will be 1.1 percent higher at >8.6 million barrels a day. > >Gasoline imports will help close the gap between >supply and demand, with shipments to the U.S. market >averaging 1.1 million barrels a day this summer, the >EIA said. > >"I think that we will see that supply will meet the >demands of the driving season that is upcoming this >summer," U.S. Secretary Sam Bodman told reporters on >Tuesday shortly before EIA released its summer >forecast. > >However, the EIA warned that growing demand for >imported gasoline by > >OPEC members > >Iran, Nigeria and Venezuela "could constrain the >availability" of motor fuel shipments to the United >States this summer. > >While the three countries have huge crude oil >reserves, they have limited refining capacity and >their governments subsidize gasoline prices for >citizens, which increases fuel demand. > >Bodman said high crude oil prices and U.S. refinery >outages have "added to uncertainties in the >marketplace." > >Traders are closely watching gasoline supplies in the >United States prior to the peak summer driving season. >Motor fuel inventories have dropped nearly 10 percent >since early February amid oil refinery outages. > >Still, the EIA said U.S. gasoline inventories hit >205.1 million barrels at the April 1 start of the >summer driving season, down 4.4 million barrels from a >year earlier but within the prior five-year average. > >Unlike last summer when refiners had problems >switching over to mixing ethanol with gasoline, more >U.S. ethanol plants have come online, boosting supply >by close to 28 percent. > >U.S. ethanol production this summer is forecast to >average 399,000 barrels a day, up from 313,000 barrels >a day last summer, the EIA said. > >(Additional reporting by Chris Baltimore) [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| So according to you with less gas supplies prices will be cheaper | Bev | 09:54:32 04/11/07 Wed |
| No, I said prices were rising due to smaller supplies! | Oropan | 11:41:43 04/11/07 Wed |
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