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Author Topic: EIA shows decline in gasoline inventories, huge build in oil supply Back to Topics
PD
Moderator
Message Posted: May 1, 2013 10:35:11 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 6.7 million barrels to a total of 395.3 million barrels. At 395.3 million barrels, inventories are 19.4 million barrels above last year (5.2%) and are well above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.8 million barrels to 216.0 million barrels. At 216.0 million barrels, inventories are up 6.3 million barrels, or 3.0% more 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
rickfro
All-Star Author San Diego

Posts:701
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Message Posted: May 10, 2013 12:07:58 AM

Then prices should be dropping rather than going up.
heydano67
Champion Author California

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Message Posted: May 9, 2013 12:49:29 AM

someone is plugging up supply
WanderDan
All-Star Author Dayton

Posts:670
Points:445,635
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Message Posted: May 8, 2013 10:22:40 PM

we will end up paying no matter what these articles say
Donatelo
Champion Author Dayton

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Points:331,165
Joined:Apr 2011
Message Posted: May 7, 2013 8:19:48 AM

they will drop prices when we get serious about using our vast natural gas reserves to run vehicles, and it is our energy source, bringing jobs here.
honda0105
Champion Author Tallahassee

Posts:24,057
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Joined:Nov 2008
Message Posted: May 7, 2013 8:00:35 AM

carol: no changes, b/c Pig Oil doesn't care to drop them. Profit is more important in the short term.
carolfitz4438
Veteran Author New York

Posts:263
Points:209,770
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Message Posted: May 6, 2013 4:54:18 AM

So where are price changes
honda0105
Champion Author Tallahassee

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Message Posted: May 6, 2013 12:01:17 AM

Drc: you're right about that.
Drcthru
Rookie Author Oregon

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Message Posted: May 5, 2013 4:49:06 PM

Just shows that Big Oil always gets what it wants.
honda0105
Champion Author Tallahassee

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Points:2,389,665
Joined:Nov 2008
Message Posted: May 5, 2013 12:01:22 AM

remay: I doubt GB would put the time and effort into translating raw data into charts.
honda0105
Champion Author Tallahassee

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Message Posted: May 4, 2013 12:47:36 AM

lbro: where do you think electricity comes from?
Pete12
Champion Author Albany

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Message Posted: May 3, 2013 11:46:07 AM

We are conserving they need to get the refineries going.
DanMtz
Champion Author Oakland

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Message Posted: May 2, 2013 7:35:09 PM

Time to crank up the refineries.
remay
Champion Author Houston

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Joined:May 2006
Message Posted: May 2, 2013 12:56:01 PM

Please give us CHARTS and GRAPHS instead of just numerical data...

Make it WORTH our time to "read" the article and VISUALLY put things into perspective!

http://ycharts.com/indicators/us_operable_crude_oil_distillation_capacity
teamsimons
Champion Author South Carolina

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Points:1,107,335
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Message Posted: May 2, 2013 6:59:20 AM

We would like to see a chart comparing the inventories of crude oil and gasoline versus the price of both in constant U.S. dollars over time. Only then will we see if there is any sort of tracking between the two.
farmboyTN
Champion Author Tennessee

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Message Posted: May 2, 2013 5:06:14 AM

ok and the price goes up.
Cachase1
Champion Author Oklahoma City

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Message Posted: May 2, 2013 5:04:46 AM

Like most of the times before, crude inventories are up, gasoline inventories are down.
harleydoctor
Champion Author Kansas

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Message Posted: May 2, 2013 5:02:59 AM

Crude down- gas increased 13 cents yesterday, I wanna choke someone.....
Bonanza
Champion Author Boston

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Message Posted: May 2, 2013 5:01:35 AM

Yesterday's news
Ziggy1962
Champion Author New Jersey

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Message Posted: May 2, 2013 5:00:49 AM

Prices still go up.
gaspumpin
Champion Author Indiana

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Message Posted: May 2, 2013 4:55:43 AM

Go Figure--pump prices are still climbing.
mazdaboy
Champion Author Portland

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Message Posted: May 2, 2013 4:53:28 AM

What is wrong with this picture?
twobroke61
Champion Author Michigan

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Message Posted: May 2, 2013 4:51:29 AM

and prices at the pump continues to climb
gabbygusIN
Champion Author Indiana

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Message Posted: May 2, 2013 4:46:12 AM

And yet fuel prices are still going up in the Midwest... $3.899 in Scottsburg
R209
Champion Author California

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Message Posted: May 2, 2013 4:45:44 AM

The EIA is full of garbage
defense
Champion Author Grand Rapids

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Message Posted: May 2, 2013 4:43:56 AM

It's a constant roller coster with the fuel, either the price or inventories. Whatever.
fratt
Champion Author Grand Rapids

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Message Posted: May 2, 2013 4:40:26 AM

Back & forth all the time!
Alaydown
Champion Author Los Angeles

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Message Posted: May 2, 2013 4:39:55 AM

The price of gasoline in Los Angeles has continued to go down even after last week's report of reduced gasoline inventories.
jci25946
Champion Author Tampa

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Message Posted: May 2, 2013 4:35:48 AM

More crude less gas high prices???
Beau2140
Champion Author New York

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Message Posted: May 2, 2013 4:29:17 AM

And the price doesn't go down .
BigDogOH
Champion Author Cincinnati

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Message Posted: May 2, 2013 4:25:33 AM

tomorrow they will say the opposite
NotTom
Champion Author New Hampshire

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Message Posted: May 2, 2013 4:24:18 AM

DISTILLATE (diesel, heating oil) INVENTORIES:
Distillate inventories increased by 0.5 million barrels to a total of 115.8 million barrels. At 115.8 million barrels, inventories are now 6.7% lower than a year ago. Total distillate inventories stand 8.3 million barrels lower than their year ago level.

This is what trucks our food and ethanol...
biggiesize
Champion Author Gary

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Message Posted: May 2, 2013 4:21:46 AM

Yet pump prices at still up?
abk
Champion Author Utah

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Message Posted: May 2, 2013 4:16:23 AM

How does oil inventory keep increasing but pump inventories shrink?
chuckwthompson
Champion Author Charlotte

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Message Posted: May 2, 2013 4:15:53 AM

Yet the price of gas continues to rise...
wingryder92
Champion Author British Columbia

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Message Posted: May 2, 2013 4:15:24 AM

There has been a reaction already within the last 24 hours.
TravelinMan52
Champion Author Augusta

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Message Posted: May 2, 2013 4:09:07 AM

The pump prices are sure to react with this news. It would be nice if they fell...
J Eric
Champion Author Los Angeles

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Message Posted: May 2, 2013 4:07:22 AM

I need to fill my pickup truck tomorrow. That'll make those Inventories fall!
HA4CNN
Champion Author Toronto

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Message Posted: May 2, 2013 4:05:19 AM

More planned dirty tricks to scam the public.
tomok
Champion Author Portland

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Message Posted: May 2, 2013 4:04:50 AM

EIA shows decline in gasoline inventories, huge build in oil supply and fuel prices at the pump are still too high and Big Oil's profits continue to rise at our expense. Local fuel prices are starting to show a little rise in prices. Not Good!
Crude oil inventories increased, Gasoline inventories decreased, Distillate inventories increased, Refinery utilization increased 0.9% from last week, Total US oil stocks are up 1.5% over last year and there are still high fuel prices at the pump! The fuel prices at the pump should be much lower to help 'coming out of the closet' Sneeker666 'spending gone wild' very bad 'in the crapper' socialist economy recover a little bit more! But, that;s not going to happen!
Big Oil and Big Gas sells fuel and natural gas on the world market for higher prices. 'Coming out of the closet' Sneeker666 lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeker666 economy is not improving but continues to hurt the population and the job numbers continue to be down!
No Thanks to the Mindless Pinhead Sheep that voted this bozo 'Sneeker666' back in office. Can't wait for Sneeker666 to fade away like it was an eight year nightmare! The sooner, the better! GRRRrrrrrrrr!
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! The price at the pump needs to go down to $2/gallon - *$3, *$3.50/gallon or *$4.00 is Not the new low!
More Refineries are Not the answer, Stop exporting fuel is!
*If 'they' can export all that fuel, there are enough refineries already, there is no need for more!
Take care of the domestic fuel market first and above all else before exporting and selling fuel or natural gas to other countries or markets!
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!
pepinoNC
Champion Author Raleigh

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Message Posted: May 2, 2013 3:58:40 AM

OK
Rainy1
Champion Author San Diego

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Message Posted: May 2, 2013 3:58:11 AM

Yawn!
KrsnaDragon
Champion Author Montreal

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Message Posted: May 2, 2013 3:57:25 AM

Interesting report.
gougenator
Champion Author Dallas

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Message Posted: May 2, 2013 3:48:00 AM

refy utilization down and a gouge just begun here in big D, probably exporting too,,,, YAWNNNN
TommyTraveler
Champion Author Cincinnati

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Message Posted: May 2, 2013 3:44:07 AM

The criminals here have raised gas .30 the past couple of days.
SteveMartin
Champion Author New Orleans

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Message Posted: May 2, 2013 3:41:04 AM

Getting ready.
Bill100
Champion Author Grand Rapids

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Message Posted: May 2, 2013 3:35:56 AM

Will this then drive prices lower or higher?
jetlagAK
Champion Author Anchorage

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Message Posted: May 2, 2013 3:34:20 AM

D-bags are costing us tens of trillions.
findcheap
Champion Author Los Angeles

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Message Posted: May 2, 2013 3:32:58 AM

moves independent of prices
billybopWI
Champion Author Wisconsin

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Message Posted: May 2, 2013 3:27:29 AM

ok
dieselgus1
Champion Author Montana

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Message Posted: May 2, 2013 3:26:13 AM

why does this kind of story even get posted...
UseLessGasFolks
Champion Author Iowa

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Message Posted: May 2, 2013 3:26:08 AM


Refining has dropped.
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