[Outcast_Searcher]

$this->bbcode_second_pass_quote('pstarr', 'S')o 'Motor Gasoline Sales to End Users, Total Refiner Sales Volumes' have collapsed since the peak in conventional cheap production back in 2005. And so have 'U.S. Motor Gasoline Refiner Sales Volumes'. Plus 'U.S. Sales to End Users, Total Refiner Motor Gasoline Sales Volumes'

And you cornies say what?

[Outcast_Searcher]

$this->bbcode_second_pass_quote('pstarr', 'd')oomtard lol How bout those sales volumes?

[shortonoil]

Total Retail Sales by Refiners has fallen by 55% since 2005. The obvious reason is that the oil age is ending.

[marmico]

2016 US gasoline consumption was a record high. So much for the ETP affordability doomtards.

https://www.eia.gov/tools/faqs/faq.php?id=23&t=10

[creedoninmo]

The oil industry can get higher volume of gasoline sales with a lower price or lower volume of gasoline sales with a higher price. They have to keep moving the price down to gain sales. If the world wide industry is doing the same thing they know the gig is up and are selling while they can. Per capita, we are using less gasoline. Thanks for the chart.

[creedoninmo]

Simple market economics in oil don't seem to be as well understood as they should be.

[asg70]

$this->bbcode_second_pass_quote('creedoninmo', 'T')hey have to keep moving the price down to gain sales

[rockdoc123]

From EIA This Week in Petroleum Aug 9, 2017

$this->bbcode_second_pass_quote('', 'G')asoline production by U.S. refiners and blenders is running near record levels over the first seven months of 2017, with four-week rolling average production well above its five-year average and close to the top of its five-year range. Despite growing domestic and foreign demand leading to draws from gasoline stocks over the past seven consecutive weeks, gasoline inventories also continue to remain above their five-year average levels.
Growth in U.S. gasoline production since March is the result of record-high refinery runs. For the week ending April 21, U.S. refinery runs exceeded 17.5 million barrels per day (b/d) for the first time since EIA began publishing the weekly data series in 1990. Refinery runs have since exceeded this threshold six additional times, reaching an all-time high of 17.8 million b/d the week ending on July 28.
Net production of finished motor gasoline (unadjusted refiner and blender net production of finished motor gasoline less use of fuel ethanol to isolate the petroleum component) averaged 9.3 million b/d for the week ending July 28 (Figure 1). This quantity is 70,000 b/d below the five-year high, but still more than 511,000 b/d above the five-year average.

Despite historically high gasoline production levels, cumulative draws from gasoline inventories beginning with the week ending June 16 totaled 14.8 million barrels, resulting in a 6.5% reduction in inventory levels to 227.7 million barrels as of July 28. The July 28 inventory level is nearly 12.6 million barrels below the previous five-year high, but still 6.2 million barrels above the previous five-year average (Figure 2). High levels of exports and product supplied (a measure of domestic demand) are responsible, at least in part, for these recent draws.

[vtsnowedin]

$this->bbcode_second_pass_quote('creedoninmo', ' ')They have to keep moving the price down to gain sales. If the world wide industry is doing the same thing they know the gig is up and are selling while they can. .......

[creedoninmo]

asg70 said: "
If that's the case, where were they with this mentality in 2008 then? Supply and demand matters." In 2008 the economy was stronger. We have not yet gotten to the era of shortages. We are still producing volume to a weakening economy. I would say that there is still a chance that a lowering price will destroy the dollar, but we need more time and data to see.

[kublikhan]

$this->bbcode_second_pass_quote('pstarr', 'I') will rephrase this with pictures. For the hard-of-thinking

pstarr said: So 'Motor Gasoline Sales to End Users, Total Refiner Sales Volumes' have collapsed since the peak in conventional cheap oil production back in 2005.

And you cornies say what?

[creedoninmo]

To pstarr; total gasoline sales to end users by refineries have dropped. The refineries sold off a lot of their retail outlets a few years ago. They are now selling a lot of gasoline through independent outlets. Total gasoline sales to end users is remaining fairly constant. The world is still producing gasoline at greater and greater debt. The amount of debt is unknown because the fed doesn't release M3 data.

[shortonoil]

$this->bbcode_second_pass_quote('', 'T')he amount of debt is unknown because the fed doesn't release M3 data.

[creedoninmo]

The BBC last night said that the FED was going to start selling treasuries. In a sane world that would raise yields and interest rates. Maybe the FED is concerned about the falling dollar and is going to save it.

[Cog]

The amount of ignorance about what the Fed and Treasury actually does in this country is astounding.

[shortonoil]

Gasoline production has essentially not risen since 2007. Click Finished Motor Gasoline, then graph at the top of the column.

https://www.eia.gov/dnav/pet/PET_CONS_P ... MBBL_A.htm

Crude inputs to refiners have increased, but there has been no increase in output. The difference is being consumed in the process as the quality of crude input has declined.

http://thehillsgroup.thehillsgroup.info ... el-is.html

Consumption has probably declined as production has stayed about the same over the last decade, but the imports of gasoline have gone down while exports of gasoline have gone up.

https://www.eia.gov/dnav/pet/pet_move_w ... blpd_w.htm

Fewer and fewer people in the labor force who are not driving to work every day is probably a contributing factor.

http://www.thehillsgroup.org

[marmico]

The FED makes a pile of dough, in excess of $600 billion since 2008.



Shadowstats Williams is a quack like ETP Bozo.

[shortonoil]

$this->bbcode_second_pass_quote('', 'T')he BBC last night said that the FED was going to start selling treasuries. In a sane world that would raise yields and interest rates. Maybe the FED is concerned about the falling dollar and is going to save it.