Stocks low, marketers confident

Journal Article · Wed Jan 01 04:00:00 EST 1997 · Fueloil and Oil Heat with Air Conditioning

OSTI ID:458988

Mantho, M ^[1]

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1. ed.

This has been a nerve wracking season as we looked at inadequate inventory spurring prices ever upward. We have watched the American Petroleum Association`s figures on refiner stocks with considerable dismay as they consistantly fell behind year ago inventory. The anxiety extended to how much oil was in marketers` bulkplants and finally in customer tanks. And so, we asked our reporting panel to help us get a fix on how much oil was available for our customers. We asked the questions in early November and so all our figures are for that month. First we asked the capacity of their bulk tanks. And then how many gallons they had on hand November 1, 1996 and the same date of 1995. From these figures, we were able to get estimates of oil inventories. Marketers bulk tanks were 47.5% filled on November 1 which meant that there was on hand at this level, 36 gallons of heating oil for each customer. At that point in the season, customer tanks were 58% filled which translated into 218 gallons.

• OSTI ID: 458988
• Journal Information: Fueloil and Oil Heat with Air Conditioning, Journal Name: Fueloil and Oil Heat with Air Conditioning Vol. 56; ISSN 1060-9725; ISSN FOHCEU
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
HEATING OILS
INVENTORIES
MARKETERS
MARKETING
RETAIL PRICES