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Author Topic: Refinery production rising, but inventories fall Back to Topics
PD
Moderator
Message Posted: Mar 27, 2013 10:51:18 AM

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

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased by 3.3 million barrels to a total of 385.9 million barrels. At 385.9 million barrels, inventories are 32.5 million barrels above last year (9.2%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.6 million barrels to 221.2 million barrels. At 221.2 million barrels, inventories are down 2.1 million barrels, or 1.0% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.9mb); Midwest...

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
rickfro
All-Star Author San Diego

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Message Posted: Mar 31, 2013 11:37:58 PM

Conserve gas.
WanderDan
All-Star Author Dayton

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Message Posted: Mar 31, 2013 4:25:58 PM

different ways of keeping us on the juice
mabrams184
Champion Author Lexington

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Message Posted: Mar 31, 2013 7:19:29 AM

ok...
honda0105
Champion Author Tallahassee

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Message Posted: Mar 30, 2013 8:10:12 AM

sounds to me like someone's tweaking stuff.
52MPG
Champion Author Dayton

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Message Posted: Mar 28, 2013 8:33:27 AM

A graph would be useful.
WonderfulMI
Champion Author Michigan

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Message Posted: Mar 28, 2013 6:10:41 AM

Has anyone audited these industry-reported numbers? Do I smell a LIBOR fraud?
forderjunk
Champion Author Maine

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Message Posted: Mar 28, 2013 6:03:50 AM

Refinery production rising so they can export more for more $$$$$$
bikechuck
Champion Author Indianapolis

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Message Posted: Mar 28, 2013 6:02:53 AM

Doesn't seem to predict anything in the way of gas prices.
fillerupyeoww
Champion Author Columbus

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Message Posted: Mar 28, 2013 6:01:14 AM

Doesn't really mean anything. They can massage the numbers all they want and say whatever they want, and the pump price will continue up regardless
Eugenian
Champion Author Oregon

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Message Posted: Mar 28, 2013 5:59:56 AM

fascinating
LeeFree
Champion Author Pittsburgh

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Message Posted: Mar 28, 2013 5:59:40 AM

i read that as rising prices at the pump.
Ferdman17
Champion Author Albany

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Message Posted: Mar 28, 2013 5:59:18 AM

Same story
FocusST2
Champion Author North Carolina

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Message Posted: Mar 28, 2013 5:58:29 AM

Sounds like somebody's exporting.
Petrock
Champion Author Lexington

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Message Posted: Mar 28, 2013 5:57:17 AM

More oil available ... but prices go up and up! Someone is doing well ... and it ain't the gas buying public!
RocketGeek
Champion Author Grand Rapids

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Message Posted: Mar 28, 2013 5:54:01 AM

What does that mean?
jeff95519
Champion Author California

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Message Posted: Mar 28, 2013 5:52:04 AM

so then what
epf
Champion Author Grand Rapids

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Message Posted: Mar 28, 2013 5:51:08 AM

And around and around we go.
warlord1
Champion Author Georgia

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Message Posted: Mar 28, 2013 5:47:29 AM

MORE GREED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
kobes1
Champion Author Florida

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Message Posted: Mar 28, 2013 5:47:13 AM

I don't believe it
hamdriver
Champion Author Lansing

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Message Posted: Mar 28, 2013 5:45:01 AM

Old news
prcoqui
Champion Author Maryland

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Message Posted: Mar 28, 2013 5:44:59 AM

GREED.
Redink
Champion Author Indianapolis

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Message Posted: Mar 28, 2013 5:44:13 AM

We are in a transition stage per big oil, changing from winter to summer and maintenance. Any excuse to keep prices high and inventories going down.
Dailyrun
Champion Author Kentucky

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Message Posted: Mar 28, 2013 5:43:41 AM

hard to figure.
hybridaholic
Champion Author Appleton

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Message Posted: Mar 28, 2013 5:41:23 AM

Agree with Lengas.
Lengas
Champion Author Gary

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Message Posted: Mar 28, 2013 5:39:50 AM

Big Oil Manipilation.
hockey_24
Champion Author KW

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Message Posted: Mar 28, 2013 5:39:02 AM

need more refineries
djp071158
Champion Author Detroit

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Message Posted: Mar 28, 2013 5:38:11 AM

Up, down... They just manipulate supply/demand.
twobroke61
Champion Author Michigan

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Message Posted: Mar 28, 2013 5:37:54 AM

don't seem to have anything to do with the price at the pump anymore
Foxt
Champion Author Minnesota

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Message Posted: Mar 28, 2013 5:37:23 AM

Maintenance must be done or close to it.
cheapertvs
Champion Author Richmond

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Message Posted: Mar 28, 2013 5:33:26 AM

Ever since BIG OIL was able to wrangle the export of large quantities of refined gasoline without tax penalty, the laws of supply and demand have been effectively foreclosed. Until this rather salient element is reversed, BIG OIL will be able to charge pretty much what they want.
wingryder92
Champion Author British Columbia

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Message Posted: Mar 28, 2013 5:33:07 AM

It seems this is happening each year now.
defense
Champion Author Grand Rapids

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Message Posted: Mar 28, 2013 5:32:10 AM

ok
speedys
Champion Author Utah

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Message Posted: Mar 28, 2013 5:32:06 AM

It does not seem to have any effect on gas prices.
WEB0153
Champion Author Maryland

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Message Posted: Mar 28, 2013 5:31:25 AM

ok
dongo50
Champion Author West Virginia

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Message Posted: Mar 28, 2013 5:30:39 AM

ok
tidalwave3
Champion Author Tallahassee

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Message Posted: Mar 28, 2013 5:26:28 AM

Not feeling that warm & fuzzy feeling :(
Tru2psu2
Champion Author Winston-Salem

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Message Posted: Mar 28, 2013 5:25:58 AM

Using too much...
Zuman
Champion Author New York

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Message Posted: Mar 28, 2013 5:24:28 AM

Just more crap.
Maintroll
Champion Author Lexington

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Message Posted: Mar 28, 2013 5:23:23 AM

This is only the weekly babble report folks.
AvantiMick
Champion Author Indiana

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Message Posted: Mar 28, 2013 5:21:31 AM

Has nothing to do with gas price anymore.
getchaz
Champion Author Tucson

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Message Posted: Mar 28, 2013 5:19:00 AM

interesting
74celica
Champion Author Columbus

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Message Posted: Mar 28, 2013 5:18:23 AM

the oil industry is creating their own shortage to raise prices
friday21
Champion Author Toronto

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Message Posted: Mar 28, 2013 5:13:01 AM

Ok
Z06KY
Champion Author Louisville

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Message Posted: Mar 28, 2013 5:11:57 AM

And we have another reason to raise gas prices!
VB_Richard
Champion Author Virginia Beach

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Message Posted: Mar 28, 2013 5:08:28 AM

Okay
NotTom
Champion Author New Hampshire

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Message Posted: Mar 28, 2013 5:07:04 AM

Diesel is used for trucking our food and ethanol is still down...

DISTILLATE (diesel, heating oil) INVENTORIES:
Distillate inventories increased by 4.5 million barrels to a total of 115.3 million barrels. At 115.3 million barrels, inventories are now 15.2% lower than a year ago. Total distillate inventories stand 20.6 million barrels lower than their year ago level.
badharley
Champion Author Tampa

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Message Posted: Mar 28, 2013 5:04:28 AM

Same old news oil up gas down.
gasandgoAL
Champion Author Alabama

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Message Posted: Mar 28, 2013 5:04:21 AM

scare tactic
Bus936
Champion Author Lexington

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Message Posted: Mar 28, 2013 5:02:05 AM

Oh, how could we get through the week without the propaganda report?
Ziggy1962
Champion Author New Jersey

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Message Posted: Mar 28, 2013 4:59:12 AM

Old news.

[Edited by: Ziggy1962 at 3/28/2013 4:59:45 AM EST]
Pozole
Champion Author Portland

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Message Posted: Mar 28, 2013 4:58:07 AM

...pig oil greed coming right up...
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