US Cash Products-Gasoline differentials mostly steady

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Monday, September 08, 2008 3:49:46 AM

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GasBuddy News Article

US Cash Products-Gasoline differentials mostly steady Thursday, July 17, 2008
Reuters -- NEW YORK, July 16 (Reuters) - U.S. cash gasoline differentials were flat to slightly firmer as futures fell for a second day and the arb for imports from Europe was seen closed, traders said on Wednesday. The gasoline and heating oil futures sell-off was sparked by an unexpected increase in both distillate and gasoline stocks, according to the government's inventory data for the week ending July 11. "Refineries ran at a higher pace. Gasoline was up 2.4 million barrels and demand was still weak. Some of the diesel exports slowed a bit. The only positive bulls can draw on is the half million barrel draw at Cushing. Every other component is pretty bearish," said Rob Kurzatkowski of OptionsXpress.
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	Thursday, July 17, 2008 Reuters -- NEW YORK, July 16 (Reuters) - U.S. cash gasoline differentials were flat to slightly firmer as futures fell for a second day and the arb for imports from Europe was seen closed, traders said on Wednesday. The gasoline and heating oil futures sell-off was sparked by an unexpected increase in both distillate and gasoline stocks, according to the government's inventory data for the week ending July 11. "Refineries ran at a higher pace. Gasoline was up 2.4 million barrels and demand was still weak. Some of the diesel exports slowed a bit. The only positive bulls can draw on is the half million barrel draw at Cushing. Every other component is pretty bearish," said Rob Kurzatkowski of OptionsXpress. Visit Reuters for full article

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SHEP20715 All-Star Author Maryland Posts:658 Points:113,805 Joined:Nov 2007	Message Posted: 7/20/2008 1:35:47 AM	Ignore SHEP20715 Report Abuse
	The answer is renewable energy.
Masercal Champion Author Michigan Posts:1,131 Points:269,635 Joined:Oct 2007	Message Posted: 7/19/2008 9:41:21 AM	Ignore Masercal Report Abuse
	It's time to move away from oil and move to renewable energy.
yelobus All-Star Author Houston Posts:517 Points:490,475 Joined:Aug 2006	Message Posted: 7/19/2008 9:23:54 AM	Ignore yelobus Report Abuse
	Price of gas won't go down because we keep paying it.
techque Veteran Author St. Louis Posts:315 Points:889,905 Joined:Apr 2005	Message Posted: 7/19/2008 9:22:32 AM	Ignore techque Report Abuse
	lots of industry jargon to confuse the conclusion that demand is down but refiners don't want to let go of their margins . . .
MrHighwaySafety Veteran Author St. Louis Posts:453 Points:105,265 Joined:Sep 2006	Message Posted: 7/19/2008 9:12:39 AM	Ignore MrHighwaySafety Report Abuse
	Hmmm?! supply and demand, if supply is high and the demand is low, prices should equal low. But factor in greed, prices will rise!
Matts_Pap All-Star Author Pennsylvania Posts:912 Points:141,570 Joined:Feb 2008	Message Posted: 7/19/2008 9:11:39 AM	Ignore Matts_Pap Report Abuse
	When all else fails baffle them with details.
rvnvet70 Champion Author Michigan Posts:1,477 Points:919,050 Joined:Sep 2005	Message Posted: 7/19/2008 9:06:11 AM	Ignore rvnvet70 Report Abuse
	$3.00 a gallon would look good right now.
Vin63 Sophomore Author San Bernardino Posts:190 Points:68,580 Joined:Oct 2007	Message Posted: 7/19/2008 9:05:59 AM	Ignore Vin63 Report Abuse
	Hmmm, supply is up and demand is down (price down ~7%), and yet prices at the pump are largely still unaffected.
cableman31 Veteran Author New York Posts:401 Points:356,765 Joined:May 2004	Message Posted: 7/19/2008 9:05:50 AM	Ignore cableman31 Report Abuse
	Only in your dreams.
rtw777 All-Star Author Florida Posts:543 Points:143,635 Joined:Jan 2008	Message Posted: 7/19/2008 9:01:44 AM	Ignore rtw777 Report Abuse
	Hey Taz, I like to dream also. I would be happy if oil went under $100.
MELBA91 All-Star Author Columbia Posts:549 Points:126,425 Joined:Mar 2008	Message Posted: 7/19/2008 9:00:48 AM	Ignore MELBA91 Report Abuse
	Finally some good news on oil prices.
DieselFord Champion Author Phoenix Posts:1,516 Points:249,535 Joined:May 2007	Message Posted: 7/19/2008 8:59:32 AM	Ignore DieselFord Report Abuse
	"Why are we EXPORTING diesel fuel, per this article?" To drive up our cost of everything and have the word look at us being the bad guy in food prices seeing we provide to the world !
BlueBike Champion Author San Jose Posts:2,254 Points:503,570 Joined:Feb 2007	Message Posted: 7/19/2008 8:55:12 AM	Ignore BlueBike Report Abuse
	Steady but high.
Itsme Sophomore Author Pennsylvania Posts:239 Points:205,320 Joined:Mar 2003	Message Posted: 7/19/2008 8:54:11 AM	Ignore Itsme Report Abuse
	Gasoline prices are unchanged around here. Although, some of our stations haven't gone above $3.999 per gallon. The price was the same at $130 to $147 per barrel. Diesel went up to $4.939 this week.
ILBCNU All-Star Author Michigan Posts:783 Points:294,795 Joined:Aug 2005	Message Posted: 7/19/2008 8:51:34 AM	Ignore ILBCNU Report Abuse
	500 gallons of propane, just cost my aunt $3300!
throttle Champion Author Maryland Posts:4,212 Points:950,175 Joined:Jul 2004	Message Posted: 7/19/2008 8:45:23 AM	Ignore throttle Report Abuse
	old news
xololady Sophomore Author Tucson Posts:156 Points:4,470 Joined:Jul 2008	Message Posted: 7/19/2008 8:44:34 AM	Ignore xololady Report Abuse
	My sister was told that if prices stay at this price her heating oil will cost nearly 7,000$ this winter,
tazdriver Champion Author Alabama Posts:1,943 Points:498,380 Joined:Jan 2007	Message Posted: 7/19/2008 8:42:31 AM	Ignore tazdriver Report Abuse
	Prices here are not budging, but we could be on the edge of the oil bubble busting, oil should drop to below $50 a barrel and gas to below $2.00 a gallon.
deanjk Veteran Author Arkansas Posts:286 Points:82,935 Joined:Apr 2008	Message Posted: 7/19/2008 8:41:21 AM	Ignore deanjk Report Abuse
	supply and demand. what a joke.
TeachR06 All-Star Author Raleigh Posts:674 Points:412,980 Joined:Sep 2006	Message Posted: 7/19/2008 8:38:55 AM	Ignore TeachR06 Report Abuse
	Lower demand is lowering prices. Keep it up. Now strengthen the dollar and we can get more leverage.
ledoy Champion Author Dayton Posts:4,775 Points:969,600 Joined:Aug 2005	Message Posted: 7/19/2008 8:35:28 AM	Ignore ledoy Report Abuse
	i need to buy oil stock, but i can't afford it
WVPhoenix Champion Author Charleston Posts:4,580 Points:618,035 Joined:Jan 2006	Message Posted: 7/19/2008 8:35:06 AM	Ignore WVPhoenix Report Abuse
	I am so sick of the U.S. exporting products that WE need. When, oh when, are we going to take care of our own first and the rest of the world second. Sheesh.
ArboretumCop All-Star Author Richmond Posts:896 Points:940,905 Joined:Sep 2005	Message Posted: 7/19/2008 8:33:22 AM	Ignore ArboretumCop Report Abuse
	Why are we EXPORTING diesel fuel, per this article?
WreckDiver59 Sophomore Author Detroit Posts:173 Points:66,890 Joined:May 2008	Message Posted: 7/19/2008 8:32:53 AM	Ignore WreckDiver59 Report Abuse
	I guess no new news on the weekend.
REVLAW Champion Author San Antonio Posts:1,719 Points:324,585 Joined:Jul 2007	Message Posted: 7/19/2008 8:29:34 AM	Ignore REVLAW Report Abuse
	Dated news. Again too early for new news.
Cachase1 Champion Author Oklahoma City Posts:2,775 Points:680,555 Joined:Aug 2003	Message Posted: 7/19/2008 8:27:01 AM	Ignore Cachase1 Report Abuse
	We have seen drops here, hopefully this will continue.
n3his Champion Author Pennsylvania Posts:1,543 Points:840,135 Joined:Feb 2006	Message Posted: 7/19/2008 8:22:46 AM	Ignore n3his Report Abuse
	Lower is a lot better.
bug27 Champion Author Kentucky Posts:1,598 Points:1,101,250 Joined:Apr 2005	Message Posted: 7/19/2008 8:22:42 AM	Ignore bug27 Report Abuse
	Ok.
Prodaddy Champion Author Houston Posts:1,183 Points:390,365 Joined:May 2007	Message Posted: 7/19/2008 8:20:51 AM	Ignore Prodaddy Report Abuse
	Lets hope the demand will drop more
tahoe0708 All-Star Author Cincinnati Posts:694 Points:133,225 Joined:Jan 2008	Message Posted: 7/19/2008 8:17:09 AM	Ignore tahoe0708 Report Abuse
	less demand, lower prices; i like it...
brutus Champion Author Alberta Posts:1,387 Points:864,030 Joined:Feb 2003	Message Posted: 7/19/2008 8:15:23 AM	Ignore brutus Report Abuse
	Hopefully it will swing downward for a change.
trkmtarv4 Sophomore Author Arkansas Posts:197 Points:62,515 Joined:Apr 2008	Message Posted: 7/19/2008 8:14:12 AM	Ignore trkmtarv4 Report Abuse
	good to own gas stocks now.
Wolfwings All-Star Author Delaware Posts:607 Points:210,100 Joined:May 2004	Message Posted: 7/19/2008 8:12:49 AM	Ignore Wolfwings Report Abuse
	Prices at the pump only stay steady when the price per barrel goes down. If there is a penny per barrel rise, you can bet the price at the pump will go up.
The_WB Champion Author Detroit Posts:3,565 Points:411,450 Joined:Apr 2007	Message Posted: 7/19/2008 8:12:12 AM	Ignore The_WB Report Abuse
	Surprise, surprise
DooDaa Champion Author Massachusetts Posts:3,333 Points:742,180 Joined:Dec 2004	Message Posted: 7/19/2008 8:00:17 AM	Ignore DooDaa Report Abuse
	wow
Zinnoil Champion Author Illinois Posts:12,268 Points:1,442,620 Joined:May 2004	Message Posted: 7/19/2008 7:55:51 AM	Ignore Zinnoil Report Abuse
	It's a worldwide problem.
pepawsgirl All-Star Author Richmond Posts:513 Points:153,245 Joined:Feb 2008	Message Posted: 7/19/2008 7:52:16 AM	Ignore pepawsgirl Report Abuse
	Bad news everywhere.
drclark Champion Author Tampa Posts:1,059 Points:148,920 Joined:Apr 2008	Message Posted: 7/19/2008 7:50:00 AM	Ignore drclark Report Abuse
	pickensplan.com
WonderfulMI Champion Author Michigan Posts:1,104 Points:89,995 Joined:Jun 2008	Message Posted: 7/19/2008 7:49:23 AM	Ignore WonderfulMI Report Abuse
	What this seems to say is that pump prices will not be going down anytime soon.
FLF Champion Author South Dakota Posts:1,291 Points:373,735 Joined:Jul 2007	Message Posted: 7/19/2008 7:45:50 AM	Ignore FLF Report Abuse
	WHAT DO THEY EXPECT, RAISE PRICES SKY HIGH AND ECONOMY REMAINS THE SAME, MY WAGES DID NOT GO UP 25%!!!
org_elizard Champion Author Greensboro Posts:76,276 Points:1,085,600 Joined:Apr 2005	Message Posted: 7/19/2008 7:41:35 AM	Ignore org_elizard Report Abuse
	0K
racerdj Champion Author Indianapolis Posts:1,258 Points:359,035 Joined:Jun 2003	Message Posted: 7/19/2008 7:39:20 AM	Ignore racerdj Report Abuse
	Now let's get it done at the pump and now.
Lonewolftx Champion Author Houston Posts:5,347 Points:1,052,085 Joined:Sep 2005	Message Posted: 7/19/2008 7:38:49 AM	Ignore Lonewolftx Report Abuse
	Ok then . . .
winggnutt Champion Author Detroit Posts:4,385 Points:1,034,855 Joined:Aug 2005	Message Posted: 7/19/2008 7:36:06 AM	Ignore winggnutt Report Abuse
	old news
papou Champion Author Tampa Posts:2,801 Points:420,095 Joined:Jul 2005	Message Posted: 7/19/2008 7:32:20 AM	Ignore papou Report Abuse
	Its a game with Wall Street
niceguytx Champion Author Houston Posts:5,330 Points:1,033,620 Joined:Sep 2005	Message Posted: 7/19/2008 7:27:16 AM	Ignore niceguytx Report Abuse
	Gas prices this time of year mostly depend on how the hurricane season goes.
olcowboy14 Champion Author Spokane Posts:1,090 Points:224,600 Joined:Jul 2007	Message Posted: 7/19/2008 7:24:48 AM	Ignore olcowboy14 Report Abuse
	And tomorrow our stockpile will be depleted and they will have to raise prices again.
LeeFree All-Star Author Detroit Posts:920 Points:597,575 Joined:Jun 2005	Message Posted: 7/19/2008 7:22:56 AM	Ignore LeeFree Report Abuse
	Yes, this gobbledygook article has been here before.
weenerdog Champion Author Detroit Posts:1,254 Points:229,610 Joined:Jan 2008	Message Posted: 7/19/2008 7:22:09 AM	Ignore weenerdog Report Abuse
	Yes, this has been running for a few days and with some luck it will continue running. sell, sell sell!!