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Author Topic: EIA: Crude, gasoline inventories rise, distillates fall as heating season approaches Back to Topics
PD
Moderator
Message Posted: Oct 17, 2012 10:36:46 AM

The Energy Information Administration released its weekly report on the condition of petroleum inventories in the United States today.

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased by 2.9 million barrels to a total of 369.2 million barrels. At 369.2 million barrels, inventories are 36.3 million barrels above last year (10.9%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 1.7 million barrels to 197.1 million barrels. At 197.1 million barrels, inventories are down 9.1 million barrels, or 4.4% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.7mb);...

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REPLIES (newest first) Post a Reply
TTQuattro
Rookie Author Indiana

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Message Posted: Oct 23, 2012 12:23:20 AM

sure
Lobsters11
Rookie Author Sacramento

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Message Posted: Oct 20, 2012 1:02:20 PM

I agree Jeff4U
Jeff4U
Champion Author Atlanta

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Message Posted: Oct 18, 2012 1:47:33 PM

After a day has passed, no reaction of retail gas prices.
If these same exact numbers had been negative amounts, gas prices would have jumped by 10-15¢ at the pump - in an instant!
WalRus49
Champion Author Boston

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Message Posted: Oct 18, 2012 8:21:46 AM

More organized mayhem and pillage...................
SaturnSC
Champion Author Columbus

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Message Posted: Oct 18, 2012 6:28:05 AM

Usual
bassakwards007
Champion Author Orange County

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Message Posted: Oct 18, 2012 6:02:57 AM

Always some excuse
Lengas
Champion Author Gary

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Message Posted: Oct 18, 2012 6:01:56 AM

Some stations here holding at $3.659 while others have dropped to $3.399.
tbgasmizer
Champion Author Ontario

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Message Posted: Oct 18, 2012 6:01:48 AM

Prices need to drop rapidly.
harleydoctor
Champion Author Kansas

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Message Posted: Oct 18, 2012 5:59:30 AM

Funny how inventorys seem to go up when people can't afford to fill up huh?
Ferdman17
Champion Author Albany

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Message Posted: Oct 18, 2012 5:58:07 AM

It better
LeeFree
Champion Author Pittsburgh

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Message Posted: Oct 18, 2012 5:57:12 AM

Around here, pump prices still only down 10 cents/gal from their peak a month ago.
swede
Champion Author Cleveland

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Message Posted: Oct 18, 2012 5:56:30 AM

to be expected going into winter.
Petrock
Champion Author Lexington

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Message Posted: Oct 18, 2012 5:56:17 AM

Gasoline inventories are up - so gas prices will drop? I will believe it when I see it!
tomok
Champion Author Portland

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Message Posted: Oct 18, 2012 5:56:06 AM

Crude oil inventories increased, Gasoline inventories increased, Distillate inventories decreased, Refinery utilization rose 0.7%, Total US oil stocks are up 3% over last year.
Crude oil and Gasoline inventories increased and high fuel prices at the pump! The trend for fuel prices at the pump is always up!
Big Oil continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Fred's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Fred's economy is not improving but continues to hurt the population and the job numbers continue to be down – no matter how smoooooth talking Fred spins those numbers! People will still drive and buy fuel no matter what but it sure helps to have a job too!
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal greedy benefit.
How much will gas prices go up and they will rise, the trend is always up with fuel prices. The price at the pump needs to go down to $2/gallon, $3, $3.50/gallon or $4.00 this is Not the new low!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
jeff95519
Champion Author California

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Message Posted: Oct 18, 2012 5:53:14 AM

Drill baby drill
pfone1847
Champion Author Illinois

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Message Posted: Oct 18, 2012 5:52:31 AM

blah blah
Boo1989
Champion Author Atlanta

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Message Posted: Oct 18, 2012 5:51:46 AM

"Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." steven chu, obama's energy secretary.
bababooey2
Champion Author Hartford

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Message Posted: Oct 18, 2012 5:51:14 AM

Whatever
momster1
All-Star Author Wisconsin

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Message Posted: Oct 18, 2012 5:49:55 AM

Ok
ILVET
Champion Author Illinois

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Message Posted: Oct 18, 2012 5:45:08 AM

Could this have anything to do with the elections
Harry813
Champion Author Iowa

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Message Posted: Oct 18, 2012 5:44:19 AM

Greed as usual
Dailyrun
Champion Author Kentucky

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Message Posted: Oct 18, 2012 5:43:40 AM

Is that to the point that Gasoline should be less expensive?
AvantiMick
Champion Author Indiana

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Message Posted: Oct 18, 2012 5:39:56 AM

Why would any company EXPORT oil and gas from the US, if not to just keep our prices high?? US oil doesn't have to shipped around the world and should be cheaper here, but they make more money shipping it to China!!
jetlagAK
Champion Author Anchorage

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Message Posted: Oct 18, 2012 5:39:33 AM

No more Hype and Chains!
neptune2008
Champion Author Michigan

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Message Posted: Oct 18, 2012 5:37:04 AM

and we pay more and more
stpetebp
Champion Author Tampa

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Message Posted: Oct 18, 2012 5:34:10 AM

Another useless report from our government
twt
Champion Author Virginia Beach

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Message Posted: Oct 18, 2012 5:31:34 AM

Numbers, numbers.
4bobux
Champion Author Peoria

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Message Posted: Oct 18, 2012 5:31:19 AM

numbers, whatever...
gaspumpin
Champion Author Indiana

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Message Posted: Oct 18, 2012 5:25:51 AM

Oh, look at the numbers spin.
Tiput
Champion Author Ottawa

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Message Posted: Oct 18, 2012 5:24:44 AM

ok
GAS1251
Champion Author Texas

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Message Posted: Oct 18, 2012 5:24:43 AM

Still a bottleneck at the refinery level.
Foxt
Champion Author Minnesota

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Message Posted: Oct 18, 2012 5:24:14 AM

Does it really matter?
Rednix
Champion Author Miami

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Message Posted: Oct 18, 2012 5:22:57 AM

Finally a break.
mystic92
Champion Author New Jersey

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Message Posted: Oct 18, 2012 5:22:30 AM

with last years mild winter the stocks should be higher, but I'm sure they will find a way 2 charge extra for the extra
gabisgram
Champion Author Michigan

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Message Posted: Oct 18, 2012 5:20:27 AM

Gas still too high.
DrivingFool2
Champion Author Appleton

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Message Posted: Oct 18, 2012 5:19:33 AM

Congress----oil drilled here, stays here, got it
ectolle
Rookie Author Indiana

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Message Posted: Oct 18, 2012 5:15:54 AM

amazing we import 8.35 million barrels and export 2.91. Is my math off or is there a reason why we export when we don't have enough ourselves.
Bonanza
Champion Author Boston

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Message Posted: Oct 18, 2012 5:14:48 AM

Yesterday's news
Ziggy1962
Champion Author New Jersey

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Message Posted: Oct 18, 2012 5:13:07 AM

And the price will go up!
hawkman1950
Champion Author Michigan

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Message Posted: Oct 18, 2012 5:12:13 AM

Who can afford to go anywhere?
BEngr
Champion Author Illinois

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Message Posted: Oct 18, 2012 5:07:49 AM

Well its obvious that inventories are not the driving factor when it comes to the higher prices of gas at the pump.
joko0
Champion Author New Jersey

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Message Posted: Oct 18, 2012 5:04:01 AM

Always spinning the numbers
Bildawg
Champion Author Ohio

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Message Posted: Oct 18, 2012 5:02:45 AM

ok.......
SavingInNC
Champion Author North Carolina

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Message Posted: Oct 18, 2012 5:01:24 AM

Okay
unclenorman
Champion Author Tampa

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Message Posted: Oct 18, 2012 4:58:08 AM

Somedays up,somedays down.
yelobus
Champion Author Houston

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Message Posted: Oct 18, 2012 4:54:11 AM

So prices go up?
millerin
Champion Author Orlando

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Message Posted: Oct 18, 2012 4:54:10 AM

hmm...
hybridaholic
Champion Author Appleton

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Message Posted: Oct 18, 2012 4:53:40 AM

They want to export our oil and products but still jerk us around with supply manipulations.
NotTom
Champion Author New Hampshire

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Message Posted: Oct 18, 2012 4:52:52 AM

DISTILLATE (diesel, heating oil) INVENTORIES:
Distillate inventories decreased by 2.2 million barrels to a total of 118.7 million barrels. At 118.7 million barrels, inventories are now 20.8% lower than a year ago. Total distillate inventories stand 31.1 million barrels lower than their year ago level.
WR-INC
Champion Author Twin Cities

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Message Posted: Oct 18, 2012 4:50:52 AM

And the dollar is worth less, so the prices still are high.
FocusST2
Champion Author North Carolina

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Message Posted: Oct 18, 2012 4:48:40 AM

More of the same old stuff. Up this week and down the next.
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