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GasBuddy News Article


US Cash Products-Gasoline diffs up despite supply build
Friday, October 10, 2008
Reuters -- NEW YORK, Oct 9 (Reuters) - Cash gasoline rose across the hubs despite a big build in national stockpiles, with the New York Harbor seeing a rise in demand for physical barrels, traders said on Thursday.

"There's a lot of demand, everyone's refilling after supply disruptions due to the hurricanes; the stock build was primarily in the Gulf Coast," said one gasoline trader in the NY Harbor referring to recent hurricanes Ike and Gustav.

National gasoline supplies logged a bigger-than-forecast rise of 7.2 million barrels to 186.8 million last week, the government said Wednesday, with all regions showing gains.


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JT
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Message Posted: 10/10/2008 9:53:06 AM  Ignore JT Report Abuse
Friday, October 10, 2008
Reuters -- NEW YORK, Oct 9 (Reuters) - Cash gasoline rose across the hubs despite a big build in national stockpiles, with the New York Harbor seeing a rise in demand for physical barrels, traders said on Thursday.

"There's a lot of demand, everyone's refilling after supply disruptions due to the hurricanes; the stock build was primarily in the Gulf Coast," said one gasoline trader in the NY Harbor referring to recent hurricanes Ike and Gustav.

National gasoline supplies logged a bigger-than-forecast rise of 7.2 million barrels to 186.8 million last week, the government said Wednesday, with all regions showing gains.

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REPLIES (newest first)
thomas41546
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Pennsylvania

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Message Posted: 10/11/2008 6:04:08 PM  Ignore thomas41546 Report Abuse
yes
domer2
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Gary

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Message Posted: 10/11/2008 12:13:45 PM  Ignore domer2 Report Abuse
more manipulation
POLELANE
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Ohio

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Message Posted: 10/11/2008 11:52:56 AM  Ignore POLELANE Report Abuse
gasoline board them
bbreff
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Atlanta

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Message Posted: 10/11/2008 11:45:25 AM  Ignore bbreff Report Abuse

Can you really believe the FEDS?

Not me.
RLH68
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Orlando

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Message Posted: 10/11/2008 10:48:53 AM  Ignore RLH68 Report Abuse
Can't go by government figures, they refuse to tell the truth.
Don20
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Oklahoma City

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Message Posted: 10/11/2008 9:35:31 AM  Ignore Don20 Report Abuse
With the reserve up should mean lower gas.. Distributors are refilling everyone storage tanks, thats good....
NYRfan
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Cincinnati

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Message Posted: 10/11/2008 9:33:46 AM  Ignore NYRfan Report Abuse
looking for any reason to not keep gas prices from dropping
Toddc2008
All-Star Author
Dallas

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Message Posted: 10/11/2008 9:32:15 AM  Ignore Toddc2008 Report Abuse
TXYANKEE, I agree. This mess could have been mostly sorted out if Nanci Pelosi hadn't taken a vacation during the hight of the fuel crisis. Fortunately, fuel prices down here have finally dropped below the $3.00 mark. I didn't think that I would see it go this low again this year and I'm glad, but I don't know how long it will last.
JPGKC
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Tampa

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Message Posted: 10/11/2008 9:30:19 AM  Ignore JPGKC Report Abuse
Still needs to drop another $1 per gallon.
DarthDadJr
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Virginia

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Message Posted: 10/11/2008 9:26:25 AM  Ignore DarthDadJr Report Abuse
OK...so the distributors are refilling their storage tanks that are near empty...nice to know.
gasie1
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Maine

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Message Posted: 10/11/2008 9:26:02 AM  Ignore gasie1 Report Abuse
The price of gas is still too high.
Zygnatz
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British Columbia

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Message Posted: 10/11/2008 9:21:21 AM  Ignore Zygnatz Report Abuse
More smoke and mirrors I think.
cableman31
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New York

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Message Posted: 10/11/2008 9:18:43 AM  Ignore cableman31 Report Abuse
Don't forget txyankee, the president also vetos bills and this clown vetoed plenty of good bills. Don't forget, if you don't agree with Bush, you're a terrorest and he does have the lowest rating of any other president EVER. We need change at the top and it's not 4 more years of Bush thinking. McCain was a maverick at one time, but he has fallen in line now.
sluggopyle
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North Carolina

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Message Posted: 10/11/2008 9:18:22 AM  Ignore sluggopyle Report Abuse

"Cash gasoline rose across the hubs"...
"restart of the catalytic cracker"...
"PADD1"...

- and yet it looks so much like English...
DooDaa
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Massachusetts

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Message Posted: 10/11/2008 9:16:15 AM  Ignore DooDaa Report Abuse
time for another change already!!..
Takmygas
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Indianapolis

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Message Posted: 10/11/2008 9:13:02 AM  Ignore Takmygas Report Abuse
oh bs. here we go again
Lonewolftx
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Houston

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Message Posted: 10/11/2008 9:10:55 AM  Ignore Lonewolftx Report Abuse
it will settle out . . .
zeljko
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Greensboro

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Message Posted: 10/11/2008 9:09:25 AM  Ignore zeljko Report Abuse
good
bdrviper
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Grand Rapids

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Message Posted: 10/11/2008 9:08:48 AM  Ignore bdrviper Report Abuse
ok
rockinrog
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Ontario

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Message Posted: 10/11/2008 9:07:30 AM  Ignore rockinrog Report Abuse
the supply will build but the economy is so bad that it won't go out fast enough.
rgb42722
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Kentucky

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Message Posted: 10/11/2008 9:06:39 AM  Ignore rgb42722 Report Abuse
I don't want to say this, but I believe that gas prices are near the bottom and may start to rise as the refineries change to the winter blend.
ironbox_sara
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Albany

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Message Posted: 10/11/2008 9:03:50 AM  Ignore ironbox_sara Report Abuse
Use down, supplies rising. Prices down. Poor speculators.
ladybugIL
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Chicago

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Message Posted: 10/11/2008 9:03:47 AM  Ignore ladybugIL Report Abuse
Maybe the price of air fares will go down too.
tizbowwow
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Illinois

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Message Posted: 10/11/2008 9:02:11 AM  Ignore tizbowwow Report Abuse
good
txyankee
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Milwaukee

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Message Posted: 10/11/2008 9:01:03 AM  Ignore txyankee Report Abuse
price will go higher soon. we have a do nothing democrate congress for 2 years. Now if a democrate is elected there will be complete caous of do nothings running the us. they will tax the big companies causing them to cut back employment and some will even move out of coutry . get ready for the biggest depression of all time. Congress and senate are the ones who creat laws while the president is the one who sign's them... Vote all incumbents out of office this election cycle. that would be the real change..
STEVE853
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Florida

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Message Posted: 10/11/2008 8:56:14 AM  Ignore STEVE853 Report Abuse
Bull.
Pseudorious
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Philadelphia

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Message Posted: 10/11/2008 8:56:04 AM  Ignore Pseudorious Report Abuse
Odd.
canescommuter
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Greensboro

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Message Posted: 10/11/2008 8:55:26 AM  Ignore canescommuter Report Abuse
We are still facing supply problems, high prices and OPEC is making noises about cutting production to prop up oil prices. We must, as a country, abandon oil as an energy source and take the power away from these corrupt OPEC nations. Support alternate, renewable, domestic energy.
murphy50
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Colorado

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Message Posted: 10/11/2008 8:54:11 AM  Ignore murphy50 Report Abuse
Gas will go up after the election, no matter who wins. If McBush wins, the oil companies will know they have a free ride for another 4 years and if Barak Obama wins, oil companies will have to get in one more gouging before things change.
dlowe79
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Alabama

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Message Posted: 10/11/2008 8:46:35 AM  Ignore dlowe79 Report Abuse
It's all a bunch of B***.
Gassaver30
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Austin

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Message Posted: 10/11/2008 8:45:30 AM  Ignore Gassaver30 Report Abuse
Going down on the daily here!!!
cheapertvs
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Richmond

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Message Posted: 10/11/2008 8:44:30 AM  Ignore cheapertvs Report Abuse
There truly is a crisis in confidence everywhere.
takethe_point
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Omaha

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Message Posted: 10/11/2008 8:43:50 AM  Ignore takethe_point Report Abuse
global warming? Ha. Got down to -21 here last winter
gasman50
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Portland

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Message Posted: 10/11/2008 8:43:06 AM  Ignore gasman50 Report Abuse
And the news is..............?
Dennis783
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Wisconsin

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Message Posted: 10/11/2008 8:42:04 AM  Ignore Dennis783 Report Abuse
still going down daily here
techque
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St. Louis

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Message Posted: 10/11/2008 8:40:28 AM  Ignore techque Report Abuse
so wholesalers demand is 'up' after manipulating their supplies to skew the market, but consumers demands are down since we've lost our jobs, our houses, our retirement funds, so we're not going anywhere except the unemployment office.

thx, petroterrorists.
TeachR06
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Raleigh

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Message Posted: 10/11/2008 8:39:37 AM  Ignore TeachR06 Report Abuse
This seems to continue to be a correction from the hurricane and probably can't be analyzed into something else at this point.
RochBear
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Minnesota

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Message Posted: 10/11/2008 8:39:00 AM  Ignore RochBear Report Abuse
Don't believe Global warming. I live in Rochester MN, this year we did not make it to 90 degrees (highest temp was 89). This is one of only 4 times (since weather has been recorded here) that this has happened.

So we were COOLER than normal.

And what has Al Gore Done to combate higher fuel prices? Oh yeah, he's not in power. OK, what has Nancy P. done to combate higher gas prices. This HUGE run up happened on her watch as speaker!
billy44bo
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Mobile

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Message Posted: 10/11/2008 8:37:28 AM  Ignore billy44bo Report Abuse
people holding on to what money they have left
LaCajunDJ
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Louisiana

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Message Posted: 10/11/2008 8:36:17 AM  Ignore LaCajunDJ Report Abuse
What's new???
brutus
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Alberta

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Message Posted: 10/11/2008 8:34:11 AM  Ignore brutus Report Abuse
About time.
ArboretumCop
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Richmond

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Message Posted: 10/11/2008 8:32:57 AM  Ignore ArboretumCop Report Abuse
OK
CSharpGuy
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Colorado Springs

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Message Posted: 10/11/2008 8:31:56 AM  Ignore CSharpGuy Report Abuse
Well, if global warming is true, we won't need as much oil products this winter.
spunky4443
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Washington

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Message Posted: 10/11/2008 8:30:03 AM  Ignore spunky4443 Report Abuse
If every family out there, would have their spouse, push the car, we wouldn't be in this mess!!!!!!!
ladyjj
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Tennessee

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Message Posted: 10/11/2008 8:29:09 AM  Ignore ladyjj Report Abuse
One tells you it is low and the other tells you it is high who do you believe here!
weenerdog
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Detroit

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Message Posted: 10/11/2008 8:28:24 AM  Ignore weenerdog Report Abuse
They need to build their reserves again
napermike79
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Twin Cities

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Message Posted: 10/11/2008 8:28:11 AM  Ignore napermike79 Report Abuse
I smell a shortage in the air very soon
MeterShock
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London

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Message Posted: 10/11/2008 8:27:59 AM  Ignore MeterShock Report Abuse
Agreed cincindie
MiJeff
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Grand Rapids

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Message Posted: 10/11/2008 8:23:37 AM  Ignore MiJeff Report Abuse
conserve
cincindie
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Cincinnati

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Message Posted: 10/11/2008 8:19:29 AM  Ignore cincindie Report Abuse
Localized gas supply is probably not a good idea - the problem Tennessee, Georgia and other SE states faced a few weeks ago is a case in point.
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