- US crude oil inventories decreased by 1.4 million bbls
- US crude oil inventories now stand at 455.2 million bbls, about 2% below the five-year average; and the 5-year average has been rising over the past year or so
- refineries operating at 87.7% capacity
- a fairly unremarkable report compared to the past few weeks
Week
|
Week Ending
|
Change
|
Million Bbls Storage
|
Week 0
|
November 21, 2018
|
4.9
|
446.9
|
Week 1
|
November 28, 2018
|
3.6
|
450.5
|
Week 2
|
December 6, 2018
|
-7.3
|
443.2
|
Week 3
|
December 12, 2018
|
-1.2
|
442.0
|
Week 4
|
December 19, 2018
|
-0.5
|
441.5
|
Week 5
|
December 28, 2018
|
0.0
|
441.4
|
Week 6
|
January 4, 2019
|
0.0
|
441.4
|
Week 7
|
January 9, 2019
|
-1.7
|
439.7
|
Week 8
|
January 16, 2019
|
-2.7
|
437.1
|
Week 9
|
January 24, 2019
|
8.0
|
445.0
|
Week 10
|
January 31, 2019
|
0.9
|
445.9
|
Week 11
|
February 6, 2019
|
1.3
|
447.2
|
Week 12
|
February 13, 2019
|
3.6
|
450.8
|
Week 13
|
February 21, 2019
|
3.7
|
454.8
|
Week 14
|
February 27, 2019
|
-8.6
|
445.9
|
Week 15
|
March 6, 2019
|
7.1
|
452.9
|
Week 16
|
March 13, 2019
|
-3.9
|
449.1
|
Week 17
|
March 20, 2019
|
-9.6
|
439.5
|
Week 18
|
March 27, 2019
|
2.8
|
442.3
|
Week 19
|
April 3, 2019
|
7.2
|
449.5
|
Week 20
|
April 10, 2019
|
7.0
|
456.5
|
Week 21
|
Apr 17, 2019
|
-1.4
|
455.2
|
******************************
Putting Things Into Perspective
From twitter today:
- $5 billion / year / population of US = $5 billion / 300 million = $20/person/year
- per day = 5 cents/day/per person
In addition, the $5 billion / year cost contains many assumptions. The biggest assumption, of course, is that as the price of oil goes up, the price of gasoline goes up, and American drivers don't change their driving habits.
If President 0 would have allowed the Keystone pipe line XL in 2009 , Gasoline would be 50 cents cheaper now.. No he pushed for Ethanol and this took 3,000,000 acres of North Dakota CRP acreage out ( wildlife and Bird cover ) and placed it in Crop Production.. don
ReplyDeleteHe was a "disaster" on so many levels. As time goes on, it becomes obvious how much harm he did to the country.
Delete