The Prices At Your Local Gasoline Stations Will Be Changed By Fairies On Flying Pigs Today -- October 17, 2018; US Gasoline Inventories Are 7% Over Five-Year Average; WTI Plummets On Report - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title The Prices At Your Local Gasoline Stations Will Be Changed By Fairies On Flying Pigs Today -- October 17, 2018; US Gasoline Inventories Are 7% Over Five-Year Average; WTI Plummets On Report, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : The Prices At Your Local Gasoline Stations Will Be Changed By Fairies On Flying Pigs Today -- October 17, 2018; US Gasoline Inventories Are 7% Over Five-Year Average; WTI Plummets On Report
link : The Prices At Your Local Gasoline Stations Will Be Changed By Fairies On Flying Pigs Today -- October 17, 2018; US Gasoline Inventories Are 7% Over Five-Year Average; WTI Plummets On Report

The Prices At Your Local Gasoline Stations Will Be Changed By Fairies On Flying Pigs Today -- October 17, 2018; US Gasoline Inventories Are 7% Over Five-Year Average; WTI Plummets On Report

Link here to EIA's weekly petroleum report.

• US crude oil inventories: increased by 6.5 million bbls; now at 416.4 million bbls, well above my threshold of 400 million bbls; all things being equal, WTI should trend toward $70 -- let's see what WTI is doing -- and there it is, down over 2.6% -- just holding barely above $70 at $70.02; US crude oil inventories are 2% above the five-year average for this time of the year
• refineries continue to operate well below capacity; at 88.8%; about the same -- if not exactly the same --as last week
• gasoline production increased last week; slightly above the 10 million bbbl baseline
• distillate fuel production decreased last week; slightly below the 5 million bbl baseline
• imports seem to be trending up; if so, the US needs more of the "right kind" of oil
• total gasoline reserves, going into to the slow driving season -- inventories are up a whopping 7% over the five-year average; we should see local gasoline prices plummeting -- and the prices on the signs will be changed by fairies on flying pigs -- LOL 
• everything else: background noise

WTI is holding. Back to $70.16 now that the initial shock has worn off. 

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