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Thread: Oil Slammed as Crude Inventories Jump

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    User patrickbwayne's Avatar
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    Oil Slammed as Crude Inventories Jump

    Oil Slammed as Crude Inventories Jump | Fox Business

    It is always nice when oil price under $124 is a good thing

    What I found interesting was Gasoline inventories declined while crude inventories rose...... hmmmm.

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    Re: Oil Slammed as Crude Inventories Jump

    Because there have been more than normal winter closures of refineries on the east coast, hence the gas price spike because the common notion is that it takes much much longer to bring a refinery back online than it does to shut it down.

    This has been detailed in the last few EIA weekly petroleum reports.

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    Re: Oil Slammed as Crude Inventories Jump

    Quote Originally Posted by patrickbwayne View Post
    Oil Slammed as Crude Inventories Jump | Fox Business

    It is always nice when oil price under $124 is a good thing

    What I found interesting was Gasoline inventories declined while crude inventories rose...... hmmmm.

    Gas Price Hypocrisy - YouTube Some gas price....insights.
    Listen to your conscience....and let it sink in.

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