Wide spread gas shortages possible soon.

[Captain America]

https://img254.imageshack.us/img254/4968/stockspo0.png

Last week I said that US gasoline demand was a freight train about to crash into the brick wall of insufficient gasoline supplies. Now after falling for 12 consecutive weeks, gasoline inventories are at record low levels in terms of days of supplies (for this time of year). Localized gasoline shortages that have started to appear in Colorado and Iowa will spread to more local areas by the start of the summer driving season on Memorial Day (end of May). In June there may be some improvement but later on as the summer progresses, shortages may spread to entire states or even regions in about two to four months.
Since last week, the amount of publicity given gasoline inventories has increased almost exponentially. A few energy analysts now say that $4.00 average US gasoline prices by the end of summer is possible, but talk about outright shortages remains muted.

Refineries did their best to keep up demand by increasing the proportion of production towards more gasoline, and less distillates – like diesel. Still supplies along west coast slipped, but remained about lows.

Based on events following Hurricane Katrina, it appears that an inventory level of around 190 million barrels is the minimum level necessary to avoid scattered single state supply disruptions. Due to distortions caused in how ethanol is counted, the adjusted comparable figure may be 185 to 187 million barrels. However if current demand levels don’t change, we could see inventories fall as low as 180 million barrels at the end of this summer.

Since we getting closer to that 190 million level, and now stand about 193 million, I would expect to hear more reports about local shortages.

Crude imports last week came in higher than expected – about 10.25 million barrels per day – and gasoline imports exceeded the normal level of 1 million barrels a day for the second week and came in at about 1.15 million barrels a day. The rapid run-up in wholesale gasoline prices has attracted some imports, but not enough to prevent inventories from falling so far. In May of 2006, gasoline imports were very strong and wholesale gasoline prices were roughly comparable to levels reached in the last few days. This year, it is uncertain if imports can be increased much more even if the expected refinery strike in Antwerp on May 9 doesn’t materialize.

 

[Fencer]

Again!!!!!

Hey cap. your a one track mind. We get it, oil is not unlimited. Nothing to see here, move along.

Got anything bike related to add or or you just trying to get banned?

 

[FJRay]

This guy really has his head in his ASS. :asshat2:

 

[ponyfool]

WTF???? Why isn't he banned yet?? This is pathetic. Simple corrective actions obviously aren't working.

 

[v65]

WTF???? Why isn't he banned yet?? This is pathetic. Simple corrective actions obviously aren't working.

The bannings that happened in that other place left a bad taste in the admins mouths, they work hard at not banning folks from the blue room.

 

[GunMD]

I can only assume that Iggy will be along shortly. For those of you who didn't notice what happened to Capn's last thread like this...check here.

 

[radman]

[SIZE=18pt]WIDESPREAD BS SHORTAGES SOON!®[/SIZE]

 

[Waaane]

I musta clicky'd wrong aned am now in the land of the dufusburgers

 

[ionbeam]

Edited down to just this: Oi!

 

[v65]

With knowledge, accountability, and intention I poisoned the last posting by Captain Ass…err, America. I still have a few polar bears and penguins left (see Skoot’s tag line). I can do the same for this thread but restraint is still in control… tick, tick, tick GunMD has it right here.

Damn it Ion, now I have more to worry about than entropy :lol:

 

[boogahboogah]

I predict that Exxon will have yet another record breaking quarter very soon, because of the 'shortage'.

 

[vectervp1]

I predict that Exxon will have yet another record breaking quarter very soon, because of the 'shortage'.

Hmmm... could be....

 

[twowheelnut]

Hank, lookit, we all know you sold your FJR for some sort of cruiser, now you regret that move, can't afford a new FJR and now you come in here pissing your silly, little charts, graphs and accompanying one-sided spiels just to try and spoil our fun. Do us a favor - go find a nearby lake (there's lots of them in Minnesota), preferably a deep one, chain yourself to your cruiser and get a nice long run down the boat ramp. Don't take a deep breath before taking the plunge. By the way, don't forget to leave plenty of food and water for your pooch. I'll send radman to collect him for me. My ex took my dog and I've been thinking of getting another and your's will do nicely. Carver will take your mountain bike. Leave that on your front porch, if your condo has one, and mail him the key to the bike lock (before the big swim, obviously). I don't think anyone will want your snowmobile as that consumes too much gas and I bet it's a two-stroke, polluting sum-a-bitch anyway. Give that to radman... he needs spare bolts and **** for his hobbies.

Thanks in advance,

TWN

PS To the rest of youz guyz... This is Hank. Hank of ST.n fame. Some of you may remember Hank, he was their whipping boy for obvious reasons. Hank, say 'hi' to everyone before you say 'by', k?

 

[boogahboogah]

Oh... Duh... NOW I get it.