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Author Topic: Refinery utilization drops, gasoline inventories take big hit Back to Topics
PD
Moderator
Message Posted: Apr 24, 2013 10:34:00 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 0.9 million barrels to a total of 388.6 million barrels. At 388.6 million barrels, inventories are 15.6 million barrels above last year (4.2%) and are well above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 3.9 million barrels to 217.8 million barrels. At 217.8 million barrels, inventories are up 6.1 million barrels, or 2.9% more than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.6mb); Midwest...

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,080
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Message Posted: May 1, 2013 7:28:35 AM

dona: bikes only get you so far.
honda0105
Champion Author Tallahassee

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Message Posted: Apr 30, 2013 11:59:42 PM

dona: bikes only get you so far.
Donatelo
Champion Author Dayton

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Message Posted: Apr 30, 2013 9:18:38 AM

demand is going up , so will prices. get a bike.
honda0105
Champion Author Tallahassee

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Joined:Nov 2008
Message Posted: Apr 30, 2013 7:38:28 AM

another round of BOHICA, right on top of Chevron bringing one of the refineries online again. Hmmm... either there's conflicting information here or someone's tweaking the price screw again (ummm.... we would never suspect Pig Oil to have anything to do with such an action, would we??!!!)
CdnLynx
Champion Author Ontario

Posts:1,242
Points:1,182,890
Joined:May 2008
Message Posted: Apr 28, 2013 1:04:03 AM

Donatelo - Natural gas and propane are two separate things, they are not the same!

Differecne between natural gas and propane.
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
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Message Posted: Apr 26, 2013 9:01:37 AM

we have no choice , if I could fill up with American natural gas(propane), I would.
DoctorV
Champion Author Detroit

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Joined:Aug 2008
Message Posted: Apr 26, 2013 8:56:35 AM

remay, you have to go straight to the source to get charts:

This Week In Petroleum
blupupher
Champion Author Houston

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Joined:Feb 2011
Message Posted: Apr 26, 2013 7:17:23 AM

another reason to raise prices
remay
Champion Author Houston

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Joined:May 2006
Message Posted: Apr 26, 2013 6:48:15 AM

How about posting the numbers as charts, instead of just numbers? Show a graph or trends or something more visual...
dwbuddy
Champion Author Fort Worth

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Message Posted: Apr 25, 2013 12:03:44 PM

better management needed for sure.
investmentdr
Champion Author Cleveland

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Joined:Sep 2008
Message Posted: Apr 25, 2013 10:19:33 AM

supply management
scu227
Champion Author New Haven

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Joined:Feb 2011
Message Posted: Apr 25, 2013 8:49:52 AM

Inventories may have dropped from last week but they are still way above what we need based on lower demand. Prices still need to come down more !!!!
WonderfulMI
Champion Author Michigan

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Message Posted: Apr 25, 2013 6:26:44 AM

Gotta create shortages in order to keep prices high.
FocusST2
Champion Author North Carolina

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Message Posted: Apr 25, 2013 6:08:56 AM

Here comes a stall when it comes to prices falling.
Jeffro61
Champion Author Cleveland

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Message Posted: Apr 25, 2013 6:05:10 AM

Market manipulation in favor of speculators.
wulf2000
Champion Author Miami

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Message Posted: Apr 25, 2013 6:04:35 AM

So, what does it mean?

The price of gas going up again?
Petrock
Champion Author Lexington

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Message Posted: Apr 25, 2013 6:04:20 AM

Gasoline inventories are UP from last year, but since they are DOWN from last week I guess it's a great excuse to raise prices!
Alderaan
Champion Author Greenville

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Message Posted: Apr 25, 2013 6:03:49 AM

Gotta keep the prices up.
Redink
Champion Author Indianapolis

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Message Posted: Apr 25, 2013 6:03:16 AM

No big surprise, with gas prices weakening big oil had to do something to raise prices.
smqua
Champion Author Cleveland

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Message Posted: Apr 25, 2013 6:01:10 AM

Anything to keep the price high
chuckohio
Champion Author Columbus

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Message Posted: Apr 25, 2013 6:00:50 AM

Big oil trying to drive up prices.
pfone1847
Champion Author Illinois

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Message Posted: Apr 25, 2013 6:00:48 AM

The prices at the pumps are controlled by greed and government corruption.
Ferdman17
Champion Author Albany

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Message Posted: Apr 25, 2013 5:59:20 AM

Whats the difference
rocket_ron
Champion Author Grand Rapids

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Message Posted: Apr 25, 2013 5:57:25 AM

Prices are going up, starting yesterday.
vamike
Champion Author Virginia

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Message Posted: Apr 25, 2013 5:53:21 AM

Yawn
hawkman1950
Champion Author Michigan

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Message Posted: Apr 25, 2013 5:52:47 AM

These focks are trying everything in their power to keep gas and diesel prices high.
bikechuck
Champion Author Indianapolis

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Message Posted: Apr 25, 2013 5:52:21 AM

Appears the market takes into account what the total inventory is and will maintain that level, since it is up over last year no need to produce more gasoline.
kirzon484
Champion Author Atlanta

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Message Posted: Apr 25, 2013 5:52:15 AM

this is a weekly downer
fordfan1
Champion Author Indiana

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Message Posted: Apr 25, 2013 5:51:52 AM

Not a big surprise!!!! The refineries are again manipulating with the price at the pump by cutting back on production!!!! It is all about Greed!!!!!
LeeFree
Champion Author Pittsburgh

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Message Posted: Apr 25, 2013 5:51:43 AM

Well, they had to do something to stop the teeny-tiny prices drops that have been occurring lately!
Ltdc
Champion Author Long Island

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Message Posted: Apr 25, 2013 5:51:19 AM

More is better for consumers.
Brucevanf
Champion Author New Brunswick

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Message Posted: Apr 25, 2013 5:50:47 AM

Manipulate inventories so they can keep prices unreasonably high.
With the current price per barrel we should be paying 30% less than the pump price.
cheapertvs
Champion Author Richmond

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Message Posted: Apr 25, 2013 5:50:38 AM

But the high prices at the pump are still holding.
WmHalliday
Champion Author Texas

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Message Posted: Apr 25, 2013 5:48:56 AM

I would take this as good news - so far.
jeff95519
Champion Author California

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Message Posted: Apr 25, 2013 5:48:07 AM

so then what
harleydoctor
Champion Author Kansas

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Message Posted: Apr 25, 2013 5:47:36 AM

Wake me up when it hits a buck......
2parrots
Champion Author Massachusetts

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Message Posted: Apr 25, 2013 5:47:22 AM

Waiting for the BOHICA Brigade
drawee
Champion Author Texas

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Message Posted: Apr 25, 2013 5:46:06 AM

old
broken80530
Champion Author Denver

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Message Posted: Apr 25, 2013 5:44:23 AM

Why do I wake at 3:30? Annoying is so fun i just can't sleep!
bby
Champion Author Twin Cities

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Message Posted: Apr 25, 2013 5:44:07 AM

Ok
Lengas
Champion Author Gary

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Message Posted: Apr 25, 2013 5:43:16 AM

Big Oil MANIPILATION.
yelobus
Champion Author Houston

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Message Posted: Apr 25, 2013 5:42:30 AM

BOHICA
broken80530
Champion Author Denver

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Message Posted: Apr 25, 2013 5:42:28 AM

Arggggggggggggg!

Back to bed????
blitzntj
Champion Author Jacksonville

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Message Posted: Apr 25, 2013 5:42:08 AM

Here we go....
GLM4205
Champion Author Toledo

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Message Posted: Apr 25, 2013 5:40:50 AM

So is it going to be less gas price or still speculation is at work???
oas
Champion Author Maryland

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Message Posted: Apr 25, 2013 5:40:43 AM

No more price drop.
Rick52
Champion Author Milwaukee

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Message Posted: Apr 25, 2013 5:39:17 AM

The Economy will never get better if this is what they bare going to keep doing..
djp071158
Champion Author Detroit

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Message Posted: Apr 25, 2013 5:36:13 AM

We're using more gas per day than a year ago? 149,000 gallons a day? I find that very hard to believe.
Foxt
Champion Author Minnesota

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Message Posted: Apr 25, 2013 5:35:00 AM

Ya da, ya da, ya da...
stpetebp
Champion Author Tampa

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Message Posted: Apr 25, 2013 5:34:28 AM

Speculation, gas is still a dollar higher than it should be
Matt G
Champion Author Boston

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Joined:Jun 2004
Message Posted: Apr 25, 2013 5:34:08 AM

Sounds bad
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