Bullboard - Stock Discussion Forum Pine Cliff Energy Ltd T.PNE

Alternate Symbol(s): PIFYF

Energy Oil & Gas E&P

Pine Cliff Energy Ltd. is a Canada-based natural gas and crude oil company. The Company is engaged in the acquisition, exploration, development and production of natural gas and oil in the Western Canadian Sedimentary Basin and also conducts various activities jointly with others. The Company's operating areas include Central Assets, Edson Assets and Southern Assets. Its Central Assets include... see more

Add To Watchlist

TSX:PNE - Post Discussion

Pine Cliff Energy Ltd > Gas Stocks Down 4.8 mbl, Demand Up to 9 mb/d

View:

Post by geezer21 on May 20, 2022 2:25pm

Gas Stocks Down 4.8 mbl, Demand Up to 9 mb/d

https://www.zerohedge.com/markets/gas-prices-hit-another-record-high-today-whats-biden-doing

Gas Prices Hit Another Record High Today, What's Biden Doing?

Record high gas prices for the 11th straight day...

MishTalk.com's Mike Shedlock checks in on gas prices... and the Biden administration's plans to deal with them...

AAA reports Increased Gas Demand Pushed Pump Prices Higher

Since Monday, the national average for a gallon of regular gasoline has increased by 10 cents to $4.58. According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 4.8 million bbl to 220.2 million bbl last week. On the other hand, gasoline demand increased from 8.7 million b/d to 9 million b/d. Tighter supply and increased demand have pushed pump prices higher. This supply/demand dynamic, combined with volatile crude prices, will likely continue to keep upward pressure on pump prices.