Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:48 AM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Gasoline inventories continue to tighten as refinery utilization rises Back to Topics
PD

Moderator
Message Posted: Apr 3, 2013 10:35:20 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 2.7 million barrels to a total of 388.6 million barrels. At 388.6 million barrels, inventories are 26.2 million barrels above last year (7.2%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 0.6 million barrels to 220.7 million barrels. At 220.7 million barrels, inventories are down 1.2 million barrels, or 0.6% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-1.1mb); Midwest...

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
Profile Pic
WanderDan
All-Star Author Dayton

Posts:670
Points:328,635
Joined:Nov 2012
Message Posted: Apr 7, 2013 10:43:59 PM

old old news... more ways to keep prices up
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,479
Points:1,947,740
Joined:Nov 2008
Message Posted: Apr 7, 2013 7:58:23 AM

faye: another way to drive prices up.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,479
Points:1,947,740
Joined:Nov 2008
Message Posted: Apr 7, 2013 7:56:32 AM

faye: another way to drive prices up.
Profile Pic
fayesone
Rookie Author Columbus

Posts:6
Points:566,720
Joined:Feb 2012
Message Posted: Apr 5, 2013 11:11:27 PM

Bottom-line, what does this mean to gasoline prices for the consumer?
Profile Pic
flyfast
Champion Author Kansas City

Posts:10,881
Points:2,158,235
Joined:Jan 2008
Message Posted: Apr 4, 2013 3:47:42 PM

summer gas costing you more
Profile Pic
oas
Champion Author Maryland

Posts:5,917
Points:2,479,290
Joined:Feb 2005
Message Posted: Apr 4, 2013 7:57:07 AM

If utilization is rising, why are inventories tightening?
Profile Pic
nb52
Champion Author Grand Rapids

Posts:9,447
Points:1,882,750
Joined:Nov 2008
Message Posted: Apr 4, 2013 6:48:14 AM

Overpaid bureaucrats at EIA.
Profile Pic
pitamon
Champion Author Philadelphia

Posts:6,141
Points:2,133,745
Joined:Sep 2004
Message Posted: Apr 4, 2013 6:15:24 AM

Big Oil manipulation.
Profile Pic
moenkopi23
Champion Author Chicago

Posts:2,231
Points:604,320
Joined:Jul 2011
Message Posted: Apr 4, 2013 6:10:13 AM

The game is rigged to our disadvantage so it appears. The US needs to find a way to hang on to more of these exports without the oil prices being driven up for doing so or production decreased for doing so. Don't think China or Brazil wouldn't do it.
Profile Pic
GLM4205
Champion Author Toledo

Posts:5,532
Points:1,097,460
Joined:Dec 2010
Message Posted: Apr 4, 2013 6:06:35 AM

So what then??
Profile Pic
Jeffro61
Champion Author Cleveland

Posts:3,703
Points:2,582,675
Joined:Oct 2005
Message Posted: Apr 4, 2013 6:03:19 AM

Good article for speculators.
Profile Pic
livedream
Champion Author Michigan

Posts:5,498
Points:1,090,270
Joined:Mar 2011
Message Posted: Apr 4, 2013 6:02:51 AM

I agree with Dailyrun. -- "makes NO sense."
Profile Pic
madison8359
Champion Author Cleveland

Posts:13,790
Points:1,931,170
Joined:Apr 2008
Message Posted: Apr 4, 2013 5:59:49 AM

They wax and wane but prices only go up.
Profile Pic
Ferdman17
Champion Author Albany

Posts:2,854
Points:706,270
Joined:Feb 2012
Message Posted: Apr 4, 2013 5:58:56 AM

This is crazy
Profile Pic
Petrock
Champion Author Lexington

Posts:10,815
Points:2,895,635
Joined:Apr 2005
Message Posted: Apr 4, 2013 5:58:18 AM

Could this perhaps be due to the sell down prior to the switch to warm weather blends? Regardless, it sounds like a perfect reason to push prices up and up and up!
Profile Pic
Dailyrun
Champion Author Kentucky

Posts:2,217
Points:434,915
Joined:Apr 2012
Message Posted: Apr 4, 2013 5:57:56 AM

makes NO sense.
Profile Pic
biza4u
Champion Author New Haven

Posts:10,180
Points:1,960,575
Joined:Jan 2007
Message Posted: Apr 4, 2013 5:55:57 AM

ok
Profile Pic
swede
Champion Author Cleveland

Posts:5,089
Points:1,990,600
Joined:Feb 2003
Message Posted: Apr 4, 2013 5:52:53 AM

We need of find the refineries to process all of that oil because our crude oil inventories have been going up and and our gasoline and distillates inventories have been going down.
Profile Pic
TommyTraveler
Champion Author Cincinnati

Posts:10,367
Points:2,035,560
Joined:Nov 2007
Message Posted: Apr 4, 2013 5:52:30 AM

Prices jumped here yesterday.
Profile Pic
sks1586
Champion Author New Jersey

Posts:2,453
Points:366,640
Joined:Mar 2013
Message Posted: Apr 4, 2013 5:51:12 AM

Awesome. Increased oil inventories will translate to lower gas prices in future.
Profile Pic
LeeFree
Champion Author Pittsburgh

Posts:10,795
Points:2,572,325
Joined:Jun 2005
Message Posted: Apr 4, 2013 5:49:31 AM

Prices bumped up at a few places here yesterday.
Profile Pic
jeff95519
Champion Author California

Posts:4,090
Points:1,689,845
Joined:Sep 2008
Message Posted: Apr 4, 2013 5:49:06 AM

so then what
Profile Pic
pfone1847
Champion Author Illinois

Posts:4,866
Points:960,480
Joined:Oct 2010
Message Posted: Apr 4, 2013 5:48:39 AM

First there is excess then not enough. I think it's all bs so they can keep the prices high and the rich get richer
Profile Pic
kirzon484
Champion Author Atlanta

Posts:3,545
Points:768,590
Joined:Jun 2011
Message Posted: Apr 4, 2013 5:45:33 AM

supply and demand
Profile Pic
WaWanderer
Champion Author Washington

Posts:8,067
Points:923,600
Joined:Oct 2011
Message Posted: Apr 4, 2013 5:42:53 AM

Old news
Profile Pic
simonsay
Rookie Author Atlanta

Posts:38
Points:21,360
Joined:Dec 2012
Message Posted: Apr 4, 2013 5:42:33 AM

so?
Profile Pic
skanytank
Champion Author Kentucky

Posts:2,939
Points:897,000
Joined:Feb 2011
Message Posted: Apr 4, 2013 5:41:41 AM

Yesterday's OLD news...just saying...
Profile Pic
Lengas
Champion Author Gary

Posts:15,327
Points:3,055,650
Joined:Nov 2004
Message Posted: Apr 4, 2013 5:40:56 AM

The never ending roller coaster ride by BIG OIL!!!!!!!!!!!!!!!!!!!!
Profile Pic
neptune2008
Champion Author Michigan

Posts:9,769
Points:1,974,435
Joined:Aug 2008
Message Posted: Apr 4, 2013 5:39:49 AM

whatev
Profile Pic
FieroGT
Champion Author Twin Cities

Posts:15,851
Points:2,760,385
Joined:Mar 2005
Message Posted: Apr 4, 2013 5:39:02 AM

For garish sake don't raise the pump prices. It would hurt the improving economy.
Profile Pic
Hunter724
Champion Author New Hampshire

Posts:9,780
Points:1,980,480
Joined:Sep 2008
Message Posted: Apr 4, 2013 5:35:54 AM

They will start raising prices now...
Profile Pic
Z06KY
Champion Author Louisville

Posts:6,869
Points:1,243,690
Joined:Nov 2010
Message Posted: Apr 4, 2013 5:35:11 AM

Up and away!
Profile Pic
hybridaholic
Champion Author Appleton

Posts:10,070
Points:1,889,715
Joined:Dec 2008
Message Posted: Apr 4, 2013 5:33:44 AM

Price increases coming soon.
Profile Pic
raccoon2011
Champion Author Massachusetts

Posts:3,082
Points:686,390
Joined:Aug 2011
Message Posted: Apr 4, 2013 5:31:25 AM

need more refineries
Profile Pic
turbodog
Champion Author Mississippi

Posts:8,421
Points:1,696,335
Joined:Feb 2009
Message Posted: Apr 4, 2013 5:29:05 AM

Good
Profile Pic
epf
Champion Author Grand Rapids

Posts:8,031
Points:2,227,500
Joined:May 2004
Message Posted: Apr 4, 2013 5:27:51 AM

Post on a local blog

And the latest on gas prices: “We had a price hike on Monday (boo!), but today wholesale prices dropped like a rock, and the price to retailers tonight is about $3.33, by my calculation. With retail prices near $3.79 in Michigan, we have a long way to drop. So, expect lower prices in the next several days. — Ed Aboufadel
Profile Pic
friday21
Champion Author Toronto

Posts:7,759
Points:979,805
Joined:Jul 2010
Message Posted: Apr 4, 2013 5:26:46 AM

Ok
Profile Pic
TxMtb
Champion Author Ohio

Posts:3,123
Points:672,355
Joined:Feb 2012
Message Posted: Apr 4, 2013 5:25:41 AM

Did not see much of a decrease, seems to keep edging up.
Profile Pic
Beau2140
Champion Author New York

Posts:9,901
Points:1,980,035
Joined:Oct 2008
Message Posted: Apr 4, 2013 5:23:55 AM

Our pump price seems to not move.
Profile Pic
afghaned
Champion Author Ottawa

Posts:14,092
Points:1,623,935
Joined:May 2004
Message Posted: Apr 4, 2013 5:21:07 AM

Isn't this normal for this time of year.
Profile Pic
VB_Richard
Champion Author Virginia Beach

Posts:3,328
Points:689,370
Joined:Dec 2011
Message Posted: Apr 4, 2013 5:21:02 AM

Okay.
Profile Pic
gasmeup52
Champion Author Missouri

Posts:2,817
Points:1,011,485
Joined:Jan 2011
Message Posted: Apr 4, 2013 5:20:49 AM

Whatever.
Profile Pic
SavingInNC
Champion Author North Carolina

Posts:7,355
Points:1,409,335
Joined:Oct 2006
Message Posted: Apr 4, 2013 5:20:45 AM

Here we go again
Profile Pic
74celica
Champion Author Columbus

Posts:3,114
Points:2,147,555
Joined:May 2006
Message Posted: Apr 4, 2013 5:20:07 AM

and now the latest excuse to raise prices again
Profile Pic
12mpgnavigator
Champion Author Seattle

Posts:2,839
Points:674,510
Joined:Jun 2009
Message Posted: Apr 4, 2013 5:19:20 AM

just when prices are starting to fall
Profile Pic
djp071158
Champion Author Detroit

Posts:2,282
Points:621,395
Joined:May 2012
Message Posted: Apr 4, 2013 5:18:46 AM

oil inventory up. gas inventory down. maybe if the higher oil inventory was used to make gas, both the oil and gas inventroy would be stable?
Profile Pic
Tru2psu2
Champion Author Winston-Salem

Posts:16,694
Points:1,883,130
Joined:Feb 2004
Message Posted: Apr 4, 2013 5:18:11 AM

ouch!
Profile Pic
getchaz
Champion Author Tucson

Posts:1,438
Points:374,095
Joined:Sep 2005
Message Posted: Apr 4, 2013 5:18:11 AM

interesting
Profile Pic
RockCity
Champion Author Denver

Posts:9,728
Points:1,758,985
Joined:Mar 2009
Message Posted: Apr 4, 2013 5:16:12 AM

We want more because less is less and more is more, perhaps.
Profile Pic
AvantiMick
Champion Author Indiana

Posts:14,381
Points:2,874,405
Joined:Dec 2005
Message Posted: Apr 4, 2013 5:15:34 AM

Means nothing!
Post a reply Back to Topics