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Author Topic: API: Crude Supply Jumps, Gasoline Stockpiles Drop Back to Topics
RENEGADEGAS
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Missouri

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Message Posted: Apr 3, 2013 1:51:49 AM

Crude-oil supplies jumped much more than expected, but gasoline stockpiles dropped for the week ended March 29, according to data from the American Petroleum Institute issued late Tuesday. Crude supplies were up 4.7 million barrels, while a Platts survey of analysts showed a forecast for a 2.5 million-barrel climb. Gasoline inventories dropped 5.0 million barrels, compared with analysts' forecast for a fall of 1.25 million barrels. Distillate stockpiles fell by 1.85 million barrels, more than the 1 million-barrel decline expected by analysts. The API data come ahead of the more closely watched U.S. Energy Information Administration report due Wednesday. Ahead of the API report, May crude rose 0.1% to settle at $97.19 a barrel.


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REPLIES (newest first) Post a Reply
SkooterG
Champion Author Phoenix

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Message Posted: Apr 4, 2013 3:15:08 AM

Figures lie and liars figure.......
Double_Golden
Champion Author San Francisco

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Message Posted: Apr 4, 2013 12:07:39 AM

less gasline supplies means priced going to head north...
WalkingWV
Champion Author West Virginia

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Message Posted: Apr 3, 2013 10:52:02 PM

Gas overpriced by $1.75.
tekguy
Champion Author Pittsburgh

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Message Posted: Apr 3, 2013 5:53:56 PM

ok
rickfro
All-Star Author San Diego

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Message Posted: Apr 3, 2013 5:51:10 PM

Keep conserving.
dollarwatcher
Champion Author Wisconsin

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Message Posted: Apr 3, 2013 5:45:38 PM

Didn't I just read this somewhere before?
Discovery02
Champion Author Colorado Springs

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Message Posted: Apr 3, 2013 5:44:24 PM

Gotta do what you have to do to keep gas prices up.
Bubba44612
Champion Author Ohio

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Message Posted: Apr 3, 2013 5:39:23 PM

Winter blend has to be depleted before the summer blend shows up.
Alfied
Champion Author Riverside

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Message Posted: Apr 3, 2013 5:33:12 PM

Up and down, up and down, makes the world go around.
TheSnowstorm
Champion Author Montreal

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Message Posted: Apr 3, 2013 5:30:15 PM

Again, the inventories of the raw materials (crude oil) are on the rise, but yet the finished products (gasoline, distillates, etc) are falling. We kow that consumption of these products is down (for many reasons) but there is something fishy going on with manipulation to no doubt keep retail prices artificially high.
TNT2EC
Champion Author Wisconsin

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Message Posted: Apr 3, 2013 5:27:45 PM

Pump prices are going up up up.
mycar2
Champion Author Akron

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Message Posted: Apr 3, 2013 5:26:15 PM

and all we do is watch the price of gas go up
misterray
Champion Author Oregon

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Message Posted: Apr 3, 2013 5:25:49 PM

I hate to use this as a post, but SO?
The_DR
Champion Author New Jersey

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Message Posted: Apr 3, 2013 5:22:11 PM

So?
lonniei256
All-Star Author Georgia

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Message Posted: Apr 3, 2013 5:19:07 PM

As Usual.
amayne11
Champion Author Vancouver

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Message Posted: Apr 3, 2013 5:17:10 PM

gas is higher today in Vancouver, BC
PithyOpiner
Champion Author Stockton

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Message Posted: Apr 3, 2013 5:13:59 PM

Yeah, I know. It's been that way for the last 3 months. So, what else is new?
MustangRacing
Champion Author Virginia

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Message Posted: Apr 3, 2013 5:08:46 PM

ok.
marsbars
Champion Author Alaska

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Message Posted: Apr 3, 2013 5:05:23 PM

Gas prices don't go down.
ChuckGVT
Champion Author Vermont

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Message Posted: Apr 3, 2013 5:04:12 PM

So why do we waste tax dollars on the EIA when the API can give us the same info for free?
zaq001
Champion Author Atlanta

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Message Posted: Apr 3, 2013 5:03:04 PM

Hmmmm....Let's see where this leads.
7SPEEDY7
Champion Author Flint

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Message Posted: Apr 3, 2013 3:46:45 PM

Greed
calwdstk
Champion Author Atlanta

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Message Posted: Apr 3, 2013 3:44:17 PM

I would guess this will have a direct influence on gas prices, like making them higher.
juttuniemi
Champion Author Tucson

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Message Posted: Apr 3, 2013 3:40:46 PM

Gas prices can only go up in the long run.
REVLAW
Champion Author San Antonio

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Message Posted: Apr 3, 2013 3:39:18 PM

So what. This is simply a BS article "where the rubber meets the road".
smokinjoe54
Champion Author Ohio

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Message Posted: Apr 3, 2013 3:38:57 PM

They have to have a reason to raise prices at the pump.
YLHandyman
Champion Author Orange County

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Message Posted: Apr 3, 2013 3:30:07 PM

Again and again
05HD
All-Star Author Cincinnati

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Message Posted: Apr 3, 2013 3:17:40 PM

YADA YADA YADA
singlemom27
Champion Author Ventura

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Message Posted: Apr 3, 2013 3:17:35 PM

Duh
hallows
Champion Author St. Louis

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Message Posted: Apr 3, 2013 3:17:27 PM

I see it has come down a few pennies...but before you can get used to this, in three or four days, it'll jump up 20 cents!
Pramodsharma
Champion Author Richmond

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Message Posted: Apr 3, 2013 3:14:14 PM

There has to have a balance in supply and processing
LarksNY
Champion Author Albany

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Message Posted: Apr 3, 2013 3:10:30 PM

In other words, they got it and plan to do nothing with it.
chocolate48114
Champion Author Michigan

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Message Posted: Apr 3, 2013 3:10:28 PM

What?
defense
Champion Author Grand Rapids

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Message Posted: Apr 3, 2013 3:09:53 PM

ok
hibsaw
Champion Author Mississippi

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Message Posted: Apr 3, 2013 3:09:10 PM

Wholesale prices for gasoline are down around 11 cents per gallon today. Will that help us at the pump? Probably go up 12 cents tomorrow.
paulweb
Champion Author Ohio

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Message Posted: Apr 3, 2013 3:04:47 PM

Yo-yo prices continue on and on and on...
Carol7777
Champion Author Houston

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Message Posted: Apr 3, 2013 3:02:53 PM

I just read this in another GB article. What I want to know is how it will affect pump prices. And I can only surmise that they will go UP.
davisadm
Champion Author Los Angeles

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Message Posted: Apr 3, 2013 2:59:44 PM

You've got that right!
cwashi3324
Champion Author Cincinnati

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Message Posted: Apr 3, 2013 2:58:53 PM

When they say "filler-up", they mean their pockets!
ReadyWriter
Champion Author Columbus

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Message Posted: Apr 3, 2013 2:57:55 PM

Agree, julius1st4. The greed continues; the market manipulation marches on.
heartbroken2010
Champion Author Ottawa

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Message Posted: Apr 3, 2013 2:57:15 PM

covered in an earlier post.
julius1st4
Champion Author Ontario

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Message Posted: Apr 3, 2013 2:55:21 PM

THINGS MUST BE SLOW TO-DAY...2 STORIES ON THE SAME TOPIC
IMLURCH
Champion Author Minnesota

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Message Posted: Apr 3, 2013 2:54:08 PM

Crude stockpiles rise, gas inventories drop WHY? Because the oil companies are purposely not refining enough to make the price at the pump skyrocket.
marinedad1949
Champion Author Lancaster

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Message Posted: Apr 3, 2013 2:53:59 PM

After reading this article I had a strange urge to check my wallet. Wonder why?
tankumo
All-Star Author Vancouver

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Message Posted: Apr 3, 2013 2:53:22 PM

It doesn't matter the stock is rising or not, gasoline always go up in the spring and summer.
73amx
Champion Author Allentown

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Message Posted: Apr 3, 2013 2:52:44 PM

prices drop a little for a week or two, and now starts the increases again
Fhuang66
Champion Author Cleveland

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Message Posted: Apr 3, 2013 2:49:30 PM

OK.
FuelBarge
Champion Author Long Island

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Message Posted: Apr 3, 2013 2:49:02 PM

I guess this means gasoline prices rising soon...
bigdipperMS
Champion Author Mississippi

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Message Posted: Apr 3, 2013 2:45:18 PM

If refinery capacity is up and inventory is down, it means we are driving more or someone is hoarding gasoline.
FlyNFool
Champion Author South Carolina

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Message Posted: Apr 3, 2013 2:42:37 PM

Prices down?
aalix
Champion Author Orange County

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Message Posted: Apr 3, 2013 2:38:45 PM

Seems like someone is smuggling out gasoline stockpile to sell in the world market.
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