EIA Petroleum Inventories

EIA Petroleum Inventories:

Crude +3.3M barrels.

Gasoline -1.9M barrels.

Distillates -0.7M barrels.

Comments (1)
  • snoopy44
    , contributor
    Comments (1485) | Send Message
    Sorry to sound like a conspiracy guy but these EIA inventory numbers just don't add up. Think about it rationally. We had bitter cold for most of the country for most of the week. Yet we had a very modest draw of distillates (heating oil, diesel, etc.). Not only that but we had a draw of almost 2M bbls of GASOLINE in a week where most of the country was driving substantially less. Just don't get it. I think all of these Govt. reports are suspect.
    12 Feb 2014, 11:28 AM Reply Like
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