Holy Mackerel! Huge Build! US Crude Oil Inventories Posted -- May 2, 2018

EIA's weekly petroleum report:

• holy mackerel! Inventories increased by 6.2 million bbls; this is huge
• now, back to 436 million bbls
• EIA analysis: "in the lower half of the average range for this time of year." Seriously? 
• refineries operating at 91% of capacity; on low side
• gasoline/distillate fuel production unchanged week-over-week
• total gasoline inventories increased by 1.2 million bbls; are in the upper half of the average range; and yet, gasoline prices continue to rise; folks anticipate the most expensive driving season in years; can one spell "manipulation"?

WTI after report: unchanged (actually, technical up 0.04%).

Gasoline demand graph posted at the link, unremarkable.

More later. I have to get on the bike and get home. Storm clouds threatening -- I need to beat the huge thunderstorm. 

Riders on the Storm, The Doors     

***********************************

Polls Vs Reality

This is pretty funny. A poll says 45% of Amazon Prime members will cancel their subscriptions. LOL.

Earlier this year, I got upset with Amazon Prime and canceled my subscription.

First of all, there is no such thing as "canceling" an Amazon Prime subscription. When you notify Amazon that you want to cancel your Amazon Prime subscription, you get no money back. The subscription ends at the end of the 365 days of the subscription. At that point, it is simply not automatically renewed.

And you know what, after your emotions have cooled down, you renew. LOL.

I know. I "canceled." And then renewed.