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Author Topic: Gasoline inventories perk up as refineries ramp up Back to Topics
PD

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Message Posted: May 22, 2013 11:09:18 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 0.3 million barrels to a total of 394.6 million barrels. At 394.6 million barrels, inventories are 12.0 million barrels above last year (3.1%) and are well above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 3.0 million barrels to 220.7 million barrels. At 220.7 million barrels, inventories are up 19.7 million barrels, or 9.8% more than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.3mb); Midwest...

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
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mdcsgt
Champion Author South Carolina

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Message Posted: May 28, 2013 10:35:55 AM

Little late to be "ramping up" as they call it! Artificial shortages in fuel supply is what's REALLY HAPPENING!!
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honda0105
Champion Author Tallahassee

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Message Posted: May 27, 2013 7:39:25 AM

not going to change prices at the pumps.
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honda0105
Champion Author Tallahassee

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Message Posted: May 26, 2013 7:59:32 AM

probably not for too long...
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Donatelo
Champion Author Dayton

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Message Posted: May 24, 2013 9:05:58 AM

prices are always slower to come down, and quick to go up.
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Zing20
Champion Author Fresno

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Message Posted: May 24, 2013 12:18:46 AM

Good, prices are starting to fall slightly, of course they go up 10 cents per day but go down 2 cents at a time.
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DriverDave
Champion Author Twin Cities

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Message Posted: May 23, 2013 3:06:27 PM

Speculators definitely ran the prices thru the roof last week. But with local spot and terminal prices having dropped 50¢/gal in the past 5 trading days, it's now the station owners who are responsible for keeping average gas price in the Twin Cities, at least, around $4.20/gal.

The estimated minimum selling price today here is $3.77/gal, so any station selling above ~$3.90/gal is absolutely raping any customer who pays their price for gasoline. And that gap between the area average and minimum selling price, over 40¢/gal, is a new record according to the related data that has been tracked by a few people on the TCGP.com site over the past 5-6 years. The current gas prices being charged by station owners are utterly ridiculous.
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prcoqui
Champion Author Maryland

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Message Posted: May 23, 2013 12:57:27 PM

But SPECULATION keep prices up.
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bston
Champion Author Oklahoma City

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Message Posted: May 23, 2013 12:54:42 PM

Not certain i trust their figures.
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Shadowwarrior
Champion Author Pennsylvania

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Message Posted: May 23, 2013 9:53:34 AM

Good supply of oil, production up and they have they balls to raise fuel prices ! This is Greed !
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bart_reed
Champion Author Los Angeles

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Message Posted: May 23, 2013 8:55:54 AM

Inventories are down and retail prices are up.
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jrs4125
Champion Author Indiana

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Message Posted: May 23, 2013 7:21:18 AM

Slow to see it reflected at the pump.
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jethro5000
Champion Author Kentucky

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Message Posted: May 23, 2013 6:51:50 AM

Finally!!
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FPLREP
Champion Author Virginia

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Message Posted: May 23, 2013 6:44:08 AM

The switch is over, ramp up production.
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pitamon
Champion Author Philadelphia

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Message Posted: May 23, 2013 6:27:46 AM

So hy is gas still going up?
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snky2k
Champion Author Indianapolis

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Message Posted: May 23, 2013 6:25:08 AM

No news here.
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Rick52
Champion Author Milwaukee

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Message Posted: May 23, 2013 6:10:21 AM

Just more BS...Refineries are trying to control the Markets..
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Jeffro61
Champion Author Cleveland

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Message Posted: May 23, 2013 6:08:57 AM

What will the speculators have to say about that?
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dar 1
Champion Author Michigan

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Message Posted: May 23, 2013 6:08:17 AM

Should help....
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Yetie
Veteran Author Las Vegas

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Message Posted: May 23, 2013 6:04:06 AM

I expected as much.
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Redink
Champion Author Indianapolis

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Message Posted: May 23, 2013 6:04:04 AM

Supply and demand no loner works.
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TomBear
All-Star Author Ontario

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Message Posted: May 23, 2013 6:03:26 AM

Higher gasoline inventories ought to mean lower pump prices, yet the prices went up 4 cents a litre here yesterday.
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blueeye
Champion Author Pennsylvania

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Message Posted: May 23, 2013 6:02:43 AM

Its summer time
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LeeFree
Champion Author Pittsburgh

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Message Posted: May 23, 2013 5:59:07 AM

Not helping pump prices.
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JCClark2012
Champion Author New Hampshire

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Message Posted: May 23, 2013 5:59:05 AM

Ok
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bobzilla11
Champion Author Indiana

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Message Posted: May 23, 2013 5:59:05 AM

$2 gas
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DrCashFlow
Champion Author Massachusetts

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Message Posted: May 23, 2013 5:57:58 AM

Typical seasonality
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StrangeLuv
Champion Author Kansas City

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Message Posted: May 23, 2013 5:57:32 AM

Prices are still up, for no real reason.
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FMREALTOR
Champion Author Florida

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Message Posted: May 23, 2013 5:56:58 AM

As this news comes out, gas prices rose bay .20 gallon this week in my area.
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jacob5066
Champion Author College Station

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Message Posted: May 23, 2013 5:56:25 AM

I'll believe it when I see it
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drawee
Champion Author Texas

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Message Posted: May 23, 2013 5:56:22 AM

old story
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Alderaan
Champion Author Greenville

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Message Posted: May 23, 2013 5:56:16 AM

Okay.
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Badjef
Champion Author Florida

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Message Posted: May 23, 2013 5:55:35 AM

Washington will help to keep prices up over $3/gal at the pump.
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Nozzel
Champion Author Ontario

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Message Posted: May 23, 2013 5:54:56 AM

ok
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biggyhy
Champion Author Milwaukee

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Message Posted: May 23, 2013 5:54:52 AM

And the next thing you read it will say gasoline prices are coming down. Not going to happen.
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chuckohio
Champion Author Columbus

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Message Posted: May 23, 2013 5:54:31 AM

Yawn...........
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pfone1847
Champion Author Illinois

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Message Posted: May 23, 2013 5:53:30 AM

Blah blah blah
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kirzon484
Champion Author Atlanta

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Message Posted: May 23, 2013 5:52:47 AM

muddling info
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Petrock
Champion Author Lexington

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Message Posted: May 23, 2013 5:51:58 AM

I guess prices are high enough to make a killing (like we didn't know) so they are ready to start cranking out the volume!
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jeff95519
Champion Author California

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Message Posted: May 23, 2013 5:49:25 AM

will see
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2parrots
Champion Author Massachusetts

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Message Posted: May 23, 2013 5:48:54 AM

Up ,Down ,Up, UP ,UP .down ,= the price pendulum swings .
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Ringmaster2008
Champion Author Ontario

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Message Posted: May 23, 2013 5:48:47 AM

Bigger profits for big oil
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1Boog
Champion Author Lincoln

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Message Posted: May 23, 2013 5:48:40 AM

up .60 cents in 4 days last week and now down .10 cents in 2 days this week....up like a rocket and down like a feather!
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twt
Champion Author Virginia Beach

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Message Posted: May 23, 2013 5:46:28 AM

It's all a controlled, scam. Up one week, down the next. Yeah, I believe all of their BS.
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Ltdc
Champion Author Long Island

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Message Posted: May 23, 2013 5:43:42 AM

I guess it can't hurt.
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metrojeep
Champion Author Fort Worth

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Message Posted: May 23, 2013 5:42:48 AM

And next week, we will read that inventories are down - go figure -
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RocketGeek
Champion Author Grand Rapids

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Message Posted: May 23, 2013 5:42:19 AM

Meaningless.
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Edpap
Champion Author Pennsylvania

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Message Posted: May 23, 2013 5:40:31 AM

why do we continue to elect people who are owned by the oil industry and allow them to manipulate our resources and our lives?
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Lengas
Champion Author Gary

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Message Posted: May 23, 2013 5:37:15 AM

Big Oil Manipilation. Just in time for the holiday but not soon enough to see a price decrease.
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jpgilmor
Champion Author Houston

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Message Posted: May 23, 2013 5:35:26 AM

Ok
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SpruceGuse2
Champion Author Michigan

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Message Posted: May 23, 2013 5:34:23 AM

And?............................
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