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Author Topic: EIA: Refinery utilization jumps, gasoline inventories still decline Back to Topics
PD

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Message Posted: Jun 5, 2013 10:37:26 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 6.3 million barrels to a total of 391.3 million barrels. At 391.3 million barrels, inventories are 6.7 million barrels above last year (1.7%) and are well above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 0.4 million barrels to 218.8 million barrels. At 218.8 million barrels, inventories are up 15.3 million barrels, or 7.5% 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
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fedupp
Champion Author Cleveland

Posts:3,190
Points:21,125
Joined:May 2013
Message Posted: Jun 7, 2013 6:45:14 AM

Cheap energy from the tiny reserves we have here is as big A lie as the Iraq war and it has the same efect on price.Dont belive me? next time your driving look out the window at the new higher price on the gas station sign.If fracking for oil was worth doing they would have done it A long time ago.You cant have cheap oil flooding the market if you want to make money in the oil business here.So that cheap oil MUST be shut down for our greedy buisnessmen to make the profits they want.Now oil sand is worth it to but not for us they will ship that to the highest bider to.
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eiatruth
Rookie Author Indianapolis

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Points:160
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Message Posted: Jun 7, 2013 1:38:32 AM

Why dont we just seize the refiners and production companies in the interest of national security.
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fedupp
Champion Author Cleveland

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Message Posted: Jun 6, 2013 11:34:44 AM

The main problem to me is that we the people of the United States Of America has been completely replaced by giant corporations.Say like big oil.I have cars boats tractors 4wheelers even an rv and I like going places.We have to work together to stop these lies.The world is full of oil and it can be cheap again.
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CSharpGuy
Champion Author Colorado Springs

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Message Posted: Jun 6, 2013 7:08:59 AM

Unlikely.
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WonderfulMI
Champion Author Michigan

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Message Posted: Jun 6, 2013 6:25:38 AM

Gasoline is higher now that it was in 2008, when oil peaked at $147.
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oas
Champion Author Maryland

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Message Posted: Jun 6, 2013 6:25:04 AM

There seems to be no relationship between this and gas prices.
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Jeffro61
Champion Author Cleveland

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Message Posted: Jun 6, 2013 6:18:14 AM

News for speculators.
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KrsnaDragon
Champion Author Montreal

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Message Posted: Jun 6, 2013 6:15:26 AM

Interesting report.
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DrivingFool2
Champion Author Appleton

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Joined:Apr 2005
Message Posted: Jun 6, 2013 6:03:40 AM

Saw gas for $4.99 in Chicago yesterday
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gabisgram
Champion Author Michigan

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Points:1,238,945
Joined:Sep 2006
Message Posted: Jun 6, 2013 6:00:50 AM

Gas is up to 4.29 here, 3.72 last week.
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GLM4205
Champion Author Toledo

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Message Posted: Jun 6, 2013 5:59:16 AM

But gas prices jumped to 3.999/gal day before yesterday.
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FocusGuy
Champion Author Seattle

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Message Posted: Jun 6, 2013 5:57:49 AM

Down here
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pfone1847
Champion Author Illinois

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Message Posted: Jun 6, 2013 5:57:29 AM

It's all about greed and corruption.
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bababooey2
Champion Author Hartford

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Message Posted: Jun 6, 2013 5:56:50 AM

Dropping here
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Petrock
Champion Author Lexington

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Message Posted: Jun 6, 2013 5:56:38 AM

As long as Big Oil can make a little less gasoline than we use, they can keep the prices high! Don't worry, they have it figured out and will stay way ahead of us on this.
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chuckohio
Champion Author Columbus

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Message Posted: Jun 6, 2013 5:56:27 AM

Need to buy alternative fuel vehicles. Drive less and make them eat their fuel
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rbutterw
Champion Author Raleigh

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Message Posted: Jun 6, 2013 5:56:00 AM

gas down again this week here - $ 3.28 lows
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alphanyr
Champion Author Connecticut

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Message Posted: Jun 6, 2013 5:55:36 AM

Ok
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Z06KY
Champion Author Louisville

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Message Posted: Jun 6, 2013 5:52:19 AM

I agree gas inventories down means gas prices up. Greed! But I for one do not want the Government doing anything about it. It would just cost more.
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P H
Champion Author Albany

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Message Posted: Jun 6, 2013 5:52:00 AM

Supply and Demand
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jeff95519
Champion Author California

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Message Posted: Jun 6, 2013 5:51:46 AM

so then what
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SavingInNC
Champion Author North Carolina

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Message Posted: Jun 6, 2013 5:50:54 AM

Crazy
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LeeFree
Champion Author Pittsburgh

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Message Posted: Jun 6, 2013 5:49:04 AM

Not affecting pump prices here one way or the other. Been steady for over a month around $3.50/gal.
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gocatgo
Champion Author South Carolina

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Message Posted: Jun 6, 2013 5:48:38 AM

Gasoline inventories down = Gasoline prices Up.
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rosyLI
Champion Author Long Island

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Message Posted: Jun 6, 2013 5:44:33 AM

Expensive EIA gibberish at taxpayer expense.
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Hop1LA
Champion Author Baton Rouge

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Message Posted: Jun 6, 2013 5:43:34 AM

Okay
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gobux10
Champion Author Ohio

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Message Posted: Jun 6, 2013 5:43:02 AM

Doesn't sound right
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subnuke
Champion Author Atlanta

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Message Posted: Jun 6, 2013 5:42:40 AM

more refineries
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Zuman
Champion Author New York

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Message Posted: Jun 6, 2013 5:40:04 AM

Just get more .
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Lengas
Champion Author Gary

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Message Posted: Jun 6, 2013 5:39:42 AM

Bigger inventories than last year and higher prices = Big Oil Manipilation!!!!
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kirzon484
Champion Author Atlanta

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Message Posted: Jun 6, 2013 5:38:01 AM

more refineries
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epf
Champion Author Grand Rapids

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Message Posted: Jun 6, 2013 5:35:46 AM

Sitting in Michigan, this makes zero sense!
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Rick52
Champion Author Milwaukee

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Message Posted: Jun 6, 2013 5:35:36 AM

The Refineries are controlling the Prices..Just BS !
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BigBearHug
Champion Author Amarillo

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Message Posted: Jun 6, 2013 5:35:29 AM

greed
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csnvcas
All-Star Author Illinois

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Message Posted: Jun 6, 2013 5:35:18 AM

Ok
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hybridaholic
Champion Author Appleton

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Message Posted: Jun 6, 2013 5:34:59 AM

Rip Off.
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stpetebp
Champion Author Tampa

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Message Posted: Jun 6, 2013 5:34:10 AM

And prices are still a dollar higher than they should be
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harleydoctor
Champion Author Kansas

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Message Posted: Jun 6, 2013 5:33:03 AM

Greed hard at work.....
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vamike
Champion Author Virginia

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Message Posted: Jun 6, 2013 5:30:58 AM

Yawn
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2parrots
Champion Author Massachusetts

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Message Posted: Jun 6, 2013 5:29:06 AM

one station closed in town this week,situated just off the highway & the nearest station to it is up 4c this morning
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Foxt
Champion Author Minnesota

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Message Posted: Jun 6, 2013 5:27:25 AM

I speculate there are old reasons for climbing gas prices.
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ncclyde
Champion Author Charlotte

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Message Posted: Jun 6, 2013 5:26:32 AM

The EIA, another waste of tax dollars.
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Tru2psu2
Champion Author Winston-Salem

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Message Posted: Jun 6, 2013 5:25:59 AM

Slow down!
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billy44bo
Champion Author Mobile

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Joined:Feb 2008
Message Posted: Jun 6, 2013 5:25:48 AM

Just numbers in a numbers game of hide and seek. GREED still runs the oil market.
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jacob5066
Champion Author College Station

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Message Posted: Jun 6, 2013 5:25:23 AM

Inventories up from last year, yet some are paying 4.00+/gal.
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hockey_24
Champion Author KW

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Message Posted: Jun 6, 2013 5:24:14 AM

declining of coarse
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VB_Richard
Champion Author Virginia Beach

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Message Posted: Jun 6, 2013 5:20:21 AM

Good information.
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djp071158
Champion Author Detroit

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Joined:May 2012
Message Posted: Jun 6, 2013 5:18:10 AM

Crude and gas inventories are both down from last week, but up from last year. And my gas price is over $4/gallon.
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Cachase1
Champion Author Oklahoma City

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Message Posted: Jun 6, 2013 5:17:08 AM

Looks like bad news all-around.
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74celica
Champion Author Columbus

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Joined:May 2006
Message Posted: Jun 6, 2013 5:17:07 AM

just more fuel for the fire to raise prices
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