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Author Topic: Gasoline inventories continue to tighten as refinery utilization rises Back to Topics
PD

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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
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WanderDan
All-Star Author Dayton

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Message Posted: Apr 7, 2013 10:43:59 PM

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

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Message Posted: Apr 7, 2013 7:58:23 AM

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

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Message Posted: Apr 7, 2013 7:56:32 AM

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

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Message Posted: Apr 5, 2013 11:11:27 PM

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

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Message Posted: Apr 4, 2013 3:47:42 PM

summer gas costing you more
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oas
Champion Author Maryland

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Message Posted: Apr 4, 2013 7:57:07 AM

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

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Message Posted: Apr 4, 2013 6:48:14 AM

Overpaid bureaucrats at EIA.
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pitamon
Champion Author Philadelphia

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Message Posted: Apr 4, 2013 6:15:24 AM

Big Oil manipulation.
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moenkopi23
Champion Author Chicago

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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.
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GLM4205
Champion Author Toledo

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Message Posted: Apr 4, 2013 6:06:35 AM

So what then??
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Jeffro61
Champion Author Cleveland

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Message Posted: Apr 4, 2013 6:03:19 AM

Good article for speculators.
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livedream
Champion Author Michigan

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Message Posted: Apr 4, 2013 6:02:51 AM

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

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Message Posted: Apr 4, 2013 5:59:49 AM

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

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Message Posted: Apr 4, 2013 5:58:56 AM

This is crazy
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Petrock
Champion Author Lexington

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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!
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Dailyrun
Champion Author Kentucky

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Message Posted: Apr 4, 2013 5:57:56 AM

makes NO sense.
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biza4u
Champion Author New Haven

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Message Posted: Apr 4, 2013 5:55:57 AM

ok
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swede
Champion Author Cleveland

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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.
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TommyTraveler
Champion Author Cincinnati

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Message Posted: Apr 4, 2013 5:52:30 AM

Prices jumped here yesterday.
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sks1586
Champion Author New Jersey

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Message Posted: Apr 4, 2013 5:51:12 AM

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

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Message Posted: Apr 4, 2013 5:49:31 AM

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

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Message Posted: Apr 4, 2013 5:49:06 AM

so then what
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pfone1847
Champion Author Illinois

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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
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kirzon484
Champion Author Atlanta

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Message Posted: Apr 4, 2013 5:45:33 AM

supply and demand
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WaWanderer
Champion Author Washington

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Message Posted: Apr 4, 2013 5:42:53 AM

Old news
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simonsay
Rookie Author Atlanta

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Message Posted: Apr 4, 2013 5:42:33 AM

so?
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skanytank
Champion Author Kentucky

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Message Posted: Apr 4, 2013 5:41:41 AM

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

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Message Posted: Apr 4, 2013 5:40:56 AM

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

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Message Posted: Apr 4, 2013 5:39:49 AM

whatev
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FieroGT
Champion Author Twin Cities

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Message Posted: Apr 4, 2013 5:39:02 AM

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

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Message Posted: Apr 4, 2013 5:35:54 AM

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

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Message Posted: Apr 4, 2013 5:35:11 AM

Up and away!
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hybridaholic
Champion Author Appleton

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Message Posted: Apr 4, 2013 5:33:44 AM

Price increases coming soon.
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raccoon2011
Champion Author Massachusetts

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Message Posted: Apr 4, 2013 5:31:25 AM

need more refineries
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turbodog
Champion Author Mississippi

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Message Posted: Apr 4, 2013 5:29:05 AM

Good
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epf
Champion Author Grand Rapids

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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
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friday21
Champion Author Toronto

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Message Posted: Apr 4, 2013 5:26:46 AM

Ok
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TxMtb
Champion Author Ohio

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Message Posted: Apr 4, 2013 5:25:41 AM

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

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Message Posted: Apr 4, 2013 5:23:55 AM

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

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Message Posted: Apr 4, 2013 5:21:07 AM

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

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Message Posted: Apr 4, 2013 5:21:02 AM

Okay.
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gasmeup52
Champion Author Missouri

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Message Posted: Apr 4, 2013 5:20:49 AM

Whatever.
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SavingInNC
Champion Author North Carolina

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Message Posted: Apr 4, 2013 5:20:45 AM

Here we go again
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74celica
Champion Author Columbus

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Message Posted: Apr 4, 2013 5:20:07 AM

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

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Message Posted: Apr 4, 2013 5:19:20 AM

just when prices are starting to fall
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djp071158
Champion Author Detroit

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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?
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Tru2psu2
Champion Author Winston-Salem

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Message Posted: Apr 4, 2013 5:18:11 AM

ouch!
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getchaz
Champion Author Tucson

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Message Posted: Apr 4, 2013 5:18:11 AM

interesting
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RockCity
Champion Author Denver

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Message Posted: Apr 4, 2013 5:16:12 AM

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

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Message Posted: Apr 4, 2013 5:15:34 AM

Means nothing!
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