Oil prices rise to new record $82.15 a barrel

[ar032]

NEW YORK - Oil prices hit a new high while other energy futures were mixed Tuesday after the government reported surprisingly large declines in oil inventories and an unexpected increase in gasoline supplies.

Light, sweet crude for October delivery rose 64 cents to $82.15 a barrel on the New York Mercantile Exchange after hitting a new trading high of $82.51 earlier. October gasoline rose 2.53 cents to $2.0856 a gallon.

Heating oil futures fell 0.14 cent to $2.2409 a gallon and Nymex natural gas futures fell 20 cents to $6.368 per 1,000 cubic feet

In London, November Brent crude rose 63 cents to $78.22 a barrel on the ICE Futures exchange.

The Energy Department’s Energy Information Administration reported that crude inventories fell by 3.8 million barrels during the week ended Sept. 14, more than double the 1.5 million-barrel decline analysts surveyed by Dow Jones Newswires, on average, had expected. However, crude inventories remain at the upper end of their average range for this time of year, the EIA said.

Gasoline supplies rose by 400,000 barrels, the EIA said, countering analyst predictions of a 1.3 million-barrel decline.

Refinery utilization fell by 0.9 percentage point to 89.6 percent of capacity. Analysts expected a decline of 0.5 percentage point.

Distillate inventories, which include heating oil and diesel fuel, rose by 1.5 million barrels, above the 1.1 million analysts expected.

Crude oil imports averaged 9.8 million barrels last week, an increase of 242,000 barrels per day. Gasoline imports averaged 1 million barrels a day, down slightly from a week earlier.

Demand for gasoline averaged nearly 9.5 million barrels a day over the last four weeks, the EIA said, 0.5 percent above the same period last year.


http://www.msnbc.msn.com/id/12400801/

[tonytz123]

Funny how CNN and the rest news jokers are not all over this. I guess its to much O.J. for right now. O.J. just a smokescreen so they can up the oil to 90 a barrel behind our backs.

[bikey]

Funny how CNN and the rest news jokers are not all over this. I guess its to much O.J. for right now. O.J. just a smokescreen so they can up the oil to 90 a barrel behind our backs.
LOL yeah but they could up it to 100 a barrel and there still isnt anything we can do about it! I am soooo sick of the oj thing,,,,,what a waste of time since they'll just let him off in the end anyway!

[Shau - Kenshin]

LOL yeah but they could up it to 100 a barrel and there still isnt anything we can do about it! I am soooo sick of the oj thing,,,,,what a waste of time since they'll just let him off in the end anyway!


All this and none of it is aiding the situation of the Iraqi Dinar ONE IOTA!!

O.J.?!?! :swear:

What, no paris hilton crap going on so you have to pull an O.J. out of your "NEWS WORTHY" pocket?! :swear:


Give me a break! :headbang:

[Skyhawk]

NEW YORK - Oil prices hit a new high while other energy futures were mixed Tuesday after the government reported surprisingly large declines in oil inventories and an unexpected increase in gasoline supplies.

Light, sweet crude for October delivery rose 64 cents to $82.15 a barrel on the New York Mercantile Exchange after hitting a new trading high of $82.51 earlier. October gasoline rose 2.53 cents to $2.0856 a gallon.

Heating oil futures fell 0.14 cent to $2.2409 a gallon and Nymex natural gas futures fell 20 cents to $6.368 per 1,000 cubic feet

In London, November Brent crude rose 63 cents to $78.22 a barrel on the ICE Futures exchange.

The Energy Department’s Energy Information Administration reported that crude inventories fell by 3.8 million barrels during the week ended Sept. 14, more than double the 1.5 million-barrel decline analysts surveyed by Dow Jones Newswires, on average, had expected. However, crude inventories remain at the upper end of their average range for this time of year, the EIA said.

Gasoline supplies rose by 400,000 barrels, the EIA said, countering analyst predictions of a 1.3 million-barrel decline.

Refinery utilization fell by 0.9 percentage point to 89.6 percent of capacity. Analysts expected a decline of 0.5 percentage point.

Distillate inventories, which include heating oil and diesel fuel, rose by 1.5 million barrels, above the 1.1 million analysts expected.

Crude oil imports averaged 9.8 million barrels last week, an increase of 242,000 barrels per day. Gasoline imports averaged 1 million barrels a day, down slightly from a week earlier.

Demand for gasoline averaged nearly 9.5 million barrels a day over the last four weeks, the EIA said, 0.5 percent above the same period last year.


http://www.msnbc.msn.com/id/12400801/


The SILVER lining is that all that oil that is still being bantered about in Iraq is still underground and it is gaining value very quickly. If all the Iraqis would GET A JUST SHUT UP AWARD, get together, and solve their ages old problems they would be farting through silk.
HEY IRAQIS "GET THE OIL OUT OF THE GROUND PLEASE" my reval is waiting.
flyboy
:happy64::happy64::happy64::happy64:

[AJOB]

The SILVER lining is that all that oil that is still being bantered about in Iraq is still underground and it is gaining value very quickly. If all the Iraqis would GET A JUST SHUT UP AWARD, get together, and solve their ages old problems they would be farting through silk.
HEY IRAQIS "GET THE OIL OUT OF THE GROUND PLEASE" my reval is waiting.
flyboy
:happy64::happy64::happy64::happy64:

If you remember the budget for Iraq this year was based on $50 a barrel oil so they should be doing better at this point with the exception of the oil that is going on the black market and the oil lines that have been sabotaged.

[coffeedave]

That is great than Us morons that live in ILL Our gas will now go from $3.25 a gallon to $3.39

[MrAustin]

That is great than Us morons that live in ILL Our gas will now go from $3.25 a gallon to $3.39


ouchy I wonder what I'd pay a tank

Lets see:

14 gal. x $3.25 = $45.5 per 200 miles lol (I only get about 200 per tank on my 4 banger w00t!) and who says 4 bangers get good gas mileage :headbang:

[bikey]

All this and none of it is aiding the situation of the Iraqi Dinar ONE IOTA!!

O.J.?!?! :swear:

What, no paris hilton crap going on so you have to pull an O.J. out of your "NEWS WORTHY" pocket?! :swear:


Give me a break! :headbang:

hey shau i was just responding to someone elses post that brought up the oj thing so please dont direct any anger towards me for an innocent response.

[geowhiz]

ouchy I wonder what I'd pay a tank

Lets see:

14 gal. x $3.25 = $45.5 per 200 miles lol (I only get about 200 per tank on my 4 banger w00t!) and who says 4 bangers get good gas mileage :headbang:


The only 4 banger out there was President Clinton, and during his tenure I paid an average of 1.25 per gallon, and that was on a bad month. Bush aint getting it done nor does he care about 3 dollar gas IMO.

[INRI]

The only 4 banger out there was President Clinton, and during his tenure I paid an average of 1.25 per gallon, and that was on a bad month. Bush aint getting it done nor does he care about 3 dollar gas IMO.

Newsflash........The rich do not care about the price of gas!!!

[geowhiz]

[/i]

Newsflash........The rich do not care about the price of gas!!!


Cool, I dont either. Let it go ahead to 4, then 5 then 6. Learn to ride a bike or walk around town for a change, thats what the other 4.5 billion adults on this planet do.

[Tallil1]

ouchy I wonder what I'd pay a tank

Lets see:

14 gal. x $3.25 = $45.5 per 200 miles lol (I only get about 200 per tank on my 4 banger w00t!) and who says 4 bangers get good gas mileage :headbang:

MAN!!! I got a 4 banger mid-size pickup with 325K on it and I still get 25 mpg @ 75 mph on the freeway!!!!!:lmao:

You should trade yours in for an 8 cylinder:mmm: :giggle:

Of course...I cain't drag race anymore with it!!!!!!!!!!!!!!!!!!!!!:sadsmile:

[irons]

I can explain the jump in oil prices folks.My wife and I are heading back to Colorado in a couple weeks, and this happens every time we plan a long road trip. Sorry everybody!!:sweating:

[INRI]

Side note: Why is Warka's website still under construction? I do like their nintendo entertainment like pictures, but the website has been under construction for a while now. I am sure I have the right website? Maybe, Warka's website is just like their country: Under Construction?

[coffeedave]

ouchy I wonder what I'd pay a tank

Lets see:

14 gal. x $3.25 = $45.5 per 200 miles lol (I only get about 200 per tank on my 4 banger w00t!) and who says 4 bangers get good gas mileage :headbang:

It Cost me $100.00 to fill my pick up .

Now go figure I went to Pensecola Fl 2 weeks ago I got to Indiana Gas went from ILL price of $3.25 Indiana price $2.90 Tenn $2.49 Southern Alabama $2.10
there is a large screw in the road somewhere

[MyDreamFuture]

I can explain the jump in oil prices folks.My wife and I are heading back to Colorado in a couple weeks, and this happens every time we plan a long road trip. Sorry everybody!!:sweating:

LOL

I know that feeling!

[Sure Thing]

This can't be bad for our investment.



NEW YORK - Oil prices hit a new high while other energy futures were mixed Tuesday after the government reported surprisingly large declines in oil inventories and an unexpected increase in gasoline supplies.

Light, sweet crude for October delivery rose 64 cents to $82.15 a barrel on the New York Mercantile Exchange after hitting a new trading high of $82.51 earlier. October gasoline rose 2.53 cents to $2.0856 a gallon.

Heating oil futures fell 0.14 cent to $2.2409 a gallon and Nymex natural gas futures fell 20 cents to $6.368 per 1,000 cubic feet

In London, November Brent crude rose 63 cents to $78.22 a barrel on the ICE Futures exchange.

The Energy Department’s Energy Information Administration reported that crude inventories fell by 3.8 million barrels during the week ended Sept. 14, more than double the 1.5 million-barrel decline analysts surveyed by Dow Jones Newswires, on average, had expected. However, crude inventories remain at the upper end of their average range for this time of year, the EIA said.

Gasoline supplies rose by 400,000 barrels, the EIA said, countering analyst predictions of a 1.3 million-barrel decline.

Refinery utilization fell by 0.9 percentage point to 89.6 percent of capacity. Analysts expected a decline of 0.5 percentage point.

Distillate inventories, which include heating oil and diesel fuel, rose by 1.5 million barrels, above the 1.1 million analysts expected.

Crude oil imports averaged 9.8 million barrels last week, an increase of 242,000 barrels per day. Gasoline imports averaged 1 million barrels a day, down slightly from a week earlier.

Demand for gasoline averaged nearly 9.5 million barrels a day over the last four weeks, the EIA said, 0.5 percent above the same period last year.


http://www.msnbc.msn.com/id/12400801/

[MrAustin]

MAN!!! I got a 4 banger mid-size pickup with 325K on it and I still get 25 mpg @ 75 mph on the freeway!!!!!:lmao:

You should trade yours in for an 8 cylinder:mmm: :giggle:

Of course...I cain't drag race anymore with it!!!!!!!!!!!!!!!!!!!!!:sadsmile:

but I'm boosted :) I enjoy going from 0-speed limit as fast as possible lol
You pay the price for speed with gas and money lol

boosted=super charged and/or turbo charged f.y.i.
:tongueout:

[Budlight]

cheapest gas in the U.S. is at Taco Bell....
Roger that!

[Wolverine]

:happy64: :cake: :party: :beer:



:cash: :dance: :poolparty: :clapping:

[yunowu]

cheapest gas in the U.S. is at Taco Bell....

And I experience that first hand tonight !! :lmao: :lmao: :lmao:

[BILLYG]

That is great than Us morons that live in ILL Our gas will now go from $3.25 a gallon to $3.39
coffeedave, her in Indy I just paid 2.249/gal this morning and when I went home this evening it was up to 2.699/gal... OUCH!!!

[DinarInANutHouse]

cheapest gas in the U.S. is at Taco Bell....

:puke: :puke: :puke: Yep, they sell gas there....cheap Mexican gas!!!:puke: :puke: :puke: