Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:54 AM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Gasoline inventories grow, except in Midwest and West Coast Back to Topics
PD

Moderator
Message Posted: May 15, 2013 10:31:37 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 decreased by 0.6 million barrels to a total of 394.9 million barrels. At 394.9 million barrels, inventories are 13.2 million barrels above last year (3.5%) and are well above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 2.6 million barrels to 217.7 million barrels. At 217.7 million barrels, inventories are up 13.4 million barrels, or 6.5% more than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.8mb); Midwest...

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

Posts:22,713
Points:2,184,815
Joined:Nov 2008
Message Posted: May 21, 2013 5:44:53 AM

my heart goes out to all who were affected by the OK tornadoes. Let's hope that Pig Oil doesn't add insult to injury...
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,713
Points:2,184,815
Joined:Nov 2008
Message Posted: May 20, 2013 5:53:14 AM

and always an excuse to shut a refinery down if the prices fall too fast or stay too low for too long, right?
Profile Pic
rickfro
All-Star Author San Diego

Posts:701
Points:338,065
Joined:Nov 2008
Message Posted: May 19, 2013 4:29:36 PM

There is always an excuse for raising prices.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,713
Points:2,184,815
Joined:Nov 2008
Message Posted: May 19, 2013 7:53:56 AM

BDN: I am sure you're upset, but please don't shout (i.e. use ALL CAPS). Many on this board have some pretty darn good hearing... I for one like to keep mine :)
Profile Pic
BDNNOD
Sophomore Author Seattle

Posts:123
Points:50,320
Joined:Mar 2013
Message Posted: May 17, 2013 11:47:21 PM

SO WITH ALL THAT INVENTORY WHY IS IT OK FOR THEM TO RAISE THE PRICES TO OVER $4.00 A GALLON. THEIR GAME PLAN IS TO KEEP ON GOUGING THE PUBLIC, NO MATTER WHAT. OH YEAH, HERE COMES ANOTHER HOLIDAY...OR ITS FAMILY VACATION TIME...LETS 'EMPTY' THE PUBLIC'S POCKETS AND KEEP FILLING THEIR OWN.
Profile Pic
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: May 17, 2013 11:00:46 AM

having only one midgrade gas would save a nickel a gallon, like 89 octane.
Profile Pic
Dekenel
Rookie Author Minnesota

Posts:75
Points:26,400
Joined:May 2011
Message Posted: May 16, 2013 10:57:55 PM

I wish the greedy bastards would move on to a distant planet and rape their citizens instead of ours.
Profile Pic
SiouxFallsCheck
All-Star Author Sioux Falls

Posts:667
Points:239,820
Joined:Mar 2013
Message Posted: May 16, 2013 7:58:16 PM

ok
Profile Pic
dkp1960
Champion Author St. Louis

Posts:2,968
Points:752,910
Joined:Oct 2012
Message Posted: May 16, 2013 9:04:01 AM

When are the knuckleheads going to get the refineries together? They have record profits so they have the money.
Profile Pic
jethro5000
Champion Author Kentucky

Posts:4,357
Points:962,385
Joined:Jun 2005
Message Posted: May 16, 2013 6:59:20 AM

Good, except in Midwest...
Profile Pic
Radar1992
Champion Author Virginia

Posts:3,788
Points:881,890
Joined:Dec 2011
Message Posted: May 16, 2013 6:34:11 AM

Yes two Duluth refineries close for repairs two weeks prior to Memorial Day weekend to jack up prices....
Profile Pic
Cebo
Champion Author Maryland

Posts:2,630
Points:733,365
Joined:Oct 2012
Message Posted: May 16, 2013 5:53:35 AM

Is this supposed to justify the increase in gas prices coming to the Midwest and West Coast?
Profile Pic
Trisha1121
Rookie Author Colorado

Posts:10
Points:111,505
Joined:Mar 2012
Message Posted: May 16, 2013 5:18:55 AM

It's always the same, every year. It Doesn't make any difference. Gas goes up then Milk goes up, then food, nothing different.... then come end of summer prices go down again, they've gouged from the travelers, and making everyone else pay too. Ugh... no vacation again this year. Look at diesel, it's a bi-product and look the price.
Profile Pic
Bonanza
Champion Author Boston

Posts:15,031
Points:3,125,730
Joined:Jun 2004
Message Posted: May 16, 2013 5:03:00 AM

Yesterday's news
Profile Pic
wkb03
Champion Author Georgia

Posts:3,272
Points:1,000,000
Joined:Aug 2011
Message Posted: May 16, 2013 5:01:14 AM

We must be exporting a lot of crude! That would be an interesting stat to include in this report.
Profile Pic
JCClark2012
Champion Author New Hampshire

Posts:3,855
Points:967,100
Joined:Mar 2012
Message Posted: May 16, 2013 5:01:13 AM

Old news
Profile Pic
Bruno44
Champion Author Texas

Posts:9,480
Points:2,323,050
Joined:Sep 2007
Message Posted: May 16, 2013 4:56:43 AM

Agree with twobroke61.
Profile Pic
gabbygusIN
Champion Author Indiana

Posts:9,716
Points:2,134,475
Joined:Oct 2008
Message Posted: May 16, 2013 4:56:41 AM

another spike coming for the Midwest??
Profile Pic
Bus936
Champion Author Lexington

Posts:18,935
Points:3,794,930
Joined:May 2004
Message Posted: May 16, 2013 4:56:05 AM

We are supposed to have an abundant supply of oil and this idiot report means absolutely nothing as pump prices will still be sky high.
Profile Pic
hockey_24
Champion Author KW

Posts:2,370
Points:520,405
Joined:Oct 2012
Message Posted: May 16, 2013 4:49:28 AM

still price high and climbing
Profile Pic
gabisgram
Champion Author Michigan

Posts:4,332
Points:1,383,565
Joined:Sep 2006
Message Posted: May 16, 2013 4:47:48 AM

Still to high. 3.69 here.
Profile Pic
twobroke61
Champion Author Michigan

Posts:10,860
Points:2,159,610
Joined:Sep 2008
Message Posted: May 16, 2013 4:43:26 AM

good report now lower the price to where it should be under 2.00 a gallon
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:4,975
Points:1,102,140
Joined:Nov 2011
Message Posted: May 16, 2013 4:39:11 AM

Interesting report.
Profile Pic
fratt
Champion Author Grand Rapids

Posts:12,265
Points:3,216,980
Joined:Jul 2005
Message Posted: May 16, 2013 4:35:55 AM

Playing the game.
Profile Pic
Luckylindy
Champion Author Milwaukee

Posts:6,705
Points:1,672,645
Joined:May 2008
Message Posted: May 16, 2013 4:29:48 AM

Another price increase for the midwest.
Profile Pic
WEB0153
Champion Author Maryland

Posts:3,040
Points:718,060
Joined:Dec 2012
Message Posted: May 16, 2013 4:28:45 AM

ok
Profile Pic
jci25946
Champion Author Tampa

Posts:5,678
Points:1,512,875
Joined:Jan 2006
Message Posted: May 16, 2013 4:28:17 AM

Crude prices and availability have nothing to do with pump prices!!!!!
Profile Pic
TravelinMan52
Champion Author Augusta

Posts:4,415
Points:1,538,225
Joined:May 2008
Message Posted: May 16, 2013 4:25:58 AM

I thought when a lot of an item exists, the prices are lowered. I guess gasoline is exempt from this train of thought...
Profile Pic
BigDogOH
Champion Author Cincinnati

Posts:10,986
Points:2,379,910
Joined:Mar 2008
Message Posted: May 16, 2013 4:24:57 AM

There is no reasion for gas to be over $2.00 gal.
Profile Pic
Pozole
Champion Author Portland

Posts:15,930
Points:2,169,470
Joined:Mar 2005
Message Posted: May 16, 2013 4:24:41 AM

...all we get is $.54/gal. jump in price...
Profile Pic
Alaydown
Champion Author Los Angeles

Posts:6,856
Points:1,138,080
Joined:May 2007
Message Posted: May 16, 2013 4:23:25 AM

Gasoline will likely go much higher in California since we have the cap-and-trade law in effect. Our gasoline tax will also go up 3.5 cents per gallon on July 1. Thank the liberals you vote for in California.
Profile Pic
Ticoman54
Champion Author Miami

Posts:8,069
Points:1,768,895
Joined:Oct 2008
Message Posted: May 16, 2013 4:19:25 AM

There is an enormous glut in supply and no reason for prices to be at $3.45 per gallon.
Profile Pic
BALRSTATUS
Champion Author Grand Rapids

Posts:1,192
Points:265,680
Joined:Feb 2013
Message Posted: May 16, 2013 4:13:26 AM

great
Profile Pic
WahlyIA
Champion Author Iowa

Posts:6,980
Points:1,372,400
Joined:Jan 2011
Message Posted: May 16, 2013 4:09:55 AM

gas is up here 65¢ in Iowa in the last 20 days..... so what the *ell is going on....
Profile Pic
chuckwthompson
Champion Author Charlotte

Posts:6,255
Points:1,151,785
Joined:Sep 2011
Message Posted: May 16, 2013 4:09:33 AM

Yet gas prices continue to rise!
Profile Pic
NotTom
Champion Author New Hampshire

Posts:7,398
Points:1,871,130
Joined:Aug 2005
Message Posted: May 16, 2013 4:07:23 AM

DISTILLATE (diesel, heating oil) INVENTORIES:
Distillate inventories increased by 2.3 million barrels to a total of 119.9 million barrels. At 119.9 million barrels, inventories are now 0.1% higher than a year ago. Total distillate inventories stand 0.1 million barrels higher than their year ago level.

IMPLIED DEMAND:
Gasoline supplied to end users amounted to 8.3 million barrels per day, or 103,000 barrels per day lower than the previous week. Compared to the same period last year, gasoline supplied is nearly 0.1% lower so far year-to-date.
Profile Pic
stpetebp
Champion Author Tampa

Posts:7,490
Points:2,245,960
Joined:Nov 2007
Message Posted: May 16, 2013 4:05:31 AM

Inventories high right along with prices.
Profile Pic
SteveMartin
Champion Author New Orleans

Posts:6,743
Points:1,433,510
Joined:May 2008
Message Posted: May 16, 2013 4:01:14 AM

Good
Profile Pic
Tigercat88
Champion Author North Carolina

Posts:5,680
Points:1,191,815
Joined:Jul 2011
Message Posted: May 16, 2013 4:00:26 AM

Government CRAP!!!!
Profile Pic
twt
Champion Author Virginia Beach

Posts:12,669
Points:1,556,285
Joined:Mar 2005
Message Posted: May 16, 2013 3:59:32 AM

More, Government BS.
Profile Pic
R209
Champion Author California

Posts:26,322
Points:811,250
Joined:Jul 2012
Message Posted: May 16, 2013 3:57:31 AM

More unfounded crap from the EIA.
Profile Pic
cifuentesab
Champion Author Sacramento

Posts:2,975
Points:1,070,105
Joined:Jul 2011
Message Posted: May 16, 2013 3:56:26 AM

prices are going up on the west coast
Profile Pic
gougenator
Champion Author Dallas

Posts:33,288
Points:3,791,835
Joined:Aug 2003
Message Posted: May 16, 2013 3:55:54 AM

supplies SPILLING OVER ,PLEASE DROP some prices ,have a huge SALE!

should be $2 by now !gas is tooooo high!!
Profile Pic
biggiesize
Champion Author Gary

Posts:3,051
Points:1,758,465
Joined:Sep 2005
Message Posted: May 16, 2013 3:52:06 AM

I know our pump prices grew!
Profile Pic
pepinoNC
Champion Author Raleigh

Posts:4,658
Points:1,226,820
Joined:May 2011
Message Posted: May 16, 2013 3:49:51 AM

Prices are dropping.
Profile Pic
mike1881
Champion Author Fayetteville

Posts:3,679
Points:1,134,435
Joined:Feb 2011
Message Posted: May 16, 2013 3:48:16 AM

With more inventories, prices should drop, right? That is supply and demand. Of course it only works when it is convenient for the gas companies to raise prices.
Profile Pic
Happytalk
Champion Author Pennsylvania

Posts:4,598
Points:1,150,215
Joined:May 2010
Message Posted: May 16, 2013 3:41:46 AM

old news
Profile Pic
defense
Champion Author Grand Rapids

Posts:1,598
Points:1,466,840
Joined:May 2004
Message Posted: May 16, 2013 3:39:02 AM

Whatever
Profile Pic
tomok
Champion Author Portland

Posts:43,260
Points:2,920,460
Joined:Aug 2006
Message Posted: May 16, 2013 3:38:35 AM

Gasoline inventories grow, except in Midwest and West Coast and fuel prices at the pump are still too high and Big Oil's profits continue to rise at our expense.
Crude oil inventories decreased, Gasoline inventories increased, Distillate inventories increased, Refinery utilization increased 1.0% from last week, Total US oil stocks are up 2.6% over last year and there are still high fuel prices at the pump! The fuel prices at the pump should be much lower for '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!
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!
Profile Pic
Samo1961
Champion Author Los Angeles

Posts:3,652
Points:1,180,845
Joined:Feb 2011
Message Posted: May 16, 2013 3:32:30 AM

This report is so stupid, I refuse to make a comment.
Post a reply Back to Topics