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EIA report shows rise in crude oil inventories but drop in gasoline inventories

The Energy Information Administration released its weekly report today on the status of petroleum inventories in the United States.Here are some highlights:CRUDE INVENTORIES:Crude oil inventories increased by 4.9 million barrels (MMbbl) to a total of 474.0 MMbbl. At 474.0 MMbbl, inventories are 37.4 MMbbl above last year (8.6%) and are well above the upper limit of the fell 1.4 MMbbl to a total of 61.3 million barrels.GASOLINE INVENTORIES:Gasoline inventories decreased by 1.9 million barrels to a total of 225.5 MMbbl. At 225.5 MMbbl, inventories are up 4.2 MMbbl, 1.9% higher than a year ago and are well above the upper limit of the average range for this time of year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-1.9 MMbbl); Midwest (+1.4 MMbbl); Gulf Coast (-1.7 MMbbl); Rockies (+0.0 MMbbl); and West Coast (+0.3 MMbbl). It is important to note which regions saw increases/decreases as this information likely drives prices up (in the case of falling inventories), or down (in the case of rising inventories).DISTILLATE (diesel, heating oil) INVENTORIES:Distillate inventories decreased by 3.7 MMbbl to a total of 157.0 MMbbl. At 157.0 MMbbl, inventories are up 9.3 MMbbl, or 5.3% vs. a year ago....

Do millennials really prefer phones to owning a vehicle?

Image From . Auto manufacturers have little difficulty mastering the design of ever-improving vehicle technology, safety, engineering features... they're even getting vehicles to talk to each other; but, they remain flummoxed by teens and millennials.They are still scratching their heads trying to figure out why millennials have little to no interest in owning a car. It’s no secret the percentage of new vehicles sold to 18- to 34-year-olds has significantly dropped over the past few years. But there's a great deal of disagreement over the reasons why...Sure, it's tougher for kids to find jobs to pay for them and if they've already got college debt they're reluctant to take on more... but would you believe the real reason for disinterest in owning a car might be their phone? ...

Today, would you put yourself in a self-driving vehicle?

By now the vast majority of folks who own a TV have at least heard of self-driving vehicles that auto manufacturer are racing to introduce to mass markets in the U.S. and around the world.   Some of us have also heard about companies like Google that are investing heavily in the engineering and technology needed to make these vehicles a reality. And some, a small percentage, may have seen these vehicles up close, albeit in small metro areas where experimental fleets are testing the vehicles in places like Phoenix, Sacramento or Pittsburgh.  They're coming.  The self-driving vehicles will arrive and that time will be stunning.  While there's tremendous interest and curiosity, I have to ask... Would you be willing today to put your life in the hands of a vehicle with no human driver? ...

2016 Presidential Candidate Energy Policies

Ken Bone, with his glasses and now-iconic red sweater, came through as the true star of the Presidential debate last night. But how did the candidates respond to his question on energy policy? Their answers are transcribed below.

Image From CNN...

National Average Pushes Higher as Oil Spikes

Gasoline prices continued their rise in the last week as OPEC signals it is ready to cut crude oil production. The national average rose 3.3 cents per gallon to $2.259/gallon according to price-tracker addition to crude oil prices rising, some areas of the country dealt with additional problems- including refinery outages in the Great Lakes and Hurricane Matthew in the Southeast. Average gas prices spiked 11 cents in Indiana, 10 cents in Michigan, 9 cents in Missouri, 8 cents in West Virginia, 7 cents in Ohio and 6 cents in Florida versus last week.Just ten states saw average prices decline, led by Georgia falling 2 cents, as supply increased after last month's Colonial Pipeline shut down. Following were Utah and Wyoming, down 2 cents, Kentucky, down 2 cents, and Idaho, down a penny....

Canada prepares to force a carbon tax on all

Prime Minister Trudeau launches a carbon taxWith revelations that Canada's new national carbon tax wont be net neutral, i.e. taxes wont go back to consumers, Provincial governments are not all falling in line with the federal government's plan to foist a carbon tax upon them especially where none exist impose a higher tax than the ones they have in place.Earlier this week Canada's Prime Minister, Justin Trudeau, announced in advance of Canada's official ratification of the Paris Accord on Climate Change, that regardless of objections or less onerous carbon or cap and trade regimes, a nationwide floor price on emissions of greenhouse gases. The next four years will see an annually adjusted levy of $10 per tonne for 2018, rising to $50 by 2022. That means that for instance, Canadians will see gas prices rise from 2.5 cents litre  to 12.6 cents a litre, or 9.5 cents a gallon to 47.7 cents a gallon by January 1st 2022....

Feds catching up to states with self-driving vehicle & testing regs

Image From . / Foo ConnerFor some time we've seen technological advances in multiple areas where laws needed for safe testing and implementation simply did not exist.  Think drones.  Cyber-security.  Self-driving vehicles. But now, new guidelines from the U.S. Department of Transportation include a 15-point Safety Assessment governing the “safe design, development, testing and deployment of automated vehicles,” the agency says. The policy outlined by Transportation and the National Highway Traffic Safety Administration (NHTSA) also tries to clarify federal and state government responsibilities for regulating automated vehicles, with a goal of creating a national framework. It’s a step aimed at replacing a hodgepodge of rules now set by individual states....

Top Picks: The 10 Best Apple Orchards

It’s the heart of fall, so why not take in an apple orchard or two? And these days, it’s not just about the apples—many have expanded to theme-park like levels, with hay rides, shrub mazes and even petting zoos (!), along with delicious cider donuts, fresh ice cream and more. So grab our guide to the top-pick orchards across America, and get ready for the perfect fall adventure....

Recalls ordered for Ford Focus and Transit Connect

Image From .Ford has issued two recalls affecting more than 75,000 vehicles, most of which are registered in the U.S.  The Focus recall impacts 2013-17 Ford Focus hatchback and Ford Focus RS.

This recall stems from a software glitch that allows hatchbacks to unlock and unlatch with one press of the inside latch release. Federal law requires that such doors unlock and unlatch separately, via two distinct actions.

Unfortunately, the unlocking/unlatching can happen even when a vehicle is in motion, which could allow cargo, pets, or anything else to fall out. According to the Car Connection the good news is, it only occurs when cars are traveling at 4 mph or slower. At this time, Ford says that it knows of no accidents or injuries linked to the issue.


GasBuddy Activates Gasoline Availability Tracker as Hurricane Matthew Takes Aim for Southeast

GasBuddy has today activated its Gasoline Availability Tracker for drivers in the path of Hurricane Matthew, which may lead to difficulty finding gasoline or stations with power. The Gasoline Availability Tracker can be accessed via web: or by clicking here.Motorists can also search and report gas availability and power outages at stations via the latest version of the re-designed GasBuddy app available on iOS and Android.

  • To show only stations that have gas, users can filter the amenity to "has fuel."
  • To report stations without fuel, users can edit the stations amenities to toggle off "has fuel."
  • To report stations without power, users can edit the stations amenities to toggle off “has power.”
The Tracker is immediately available for motorists in Florida, Georgia, South Carolina and North Carolina. Should other states be affected by significant power outages or fuel supply issues, GasBuddy stands ready to expand the tracker to include those areas. Consumers and gas stations in the affected area are urged to update their local gas station information so that those looking for gasoline can find it. ...
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