Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:35 PM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Refinery utilization jumps, gasoline inventories still decline Back to Topics
PD
Moderator
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
fedupp
Champion Author Cleveland

Posts:7,144
Points:43,645
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.
eiatruth
Rookie Author Indianapolis

Posts:3
Points:160
Joined:Jun 2013
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.
fedupp
Champion Author Cleveland

Posts:7,144
Points:43,645
Joined:May 2013
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.
CSharpGuy
Champion Author Colorado Springs

Posts:12,728
Points:2,675,710
Joined:Jan 2008
Message Posted: Jun 6, 2013 7:08:59 AM

Unlikely.
WonderfulMI
Champion Author Michigan

Posts:15,102
Points:2,569,975
Joined:Jun 2008
Message Posted: Jun 6, 2013 6:25:38 AM

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

Posts:7,482
Points:2,920,540
Joined:Feb 2005
Message Posted: Jun 6, 2013 6:25:04 AM

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

Posts:5,109
Points:2,979,275
Joined:Oct 2005
Message Posted: Jun 6, 2013 6:18:14 AM

News for speculators.
KrsnaDragon
Champion Author Montreal

Posts:6,007
Points:1,310,265
Joined:Nov 2011
Message Posted: Jun 6, 2013 6:15:26 AM

Interesting report.
DrivingFool2
Champion Author Appleton

Posts:11,935
Points:2,377,310
Joined:Apr 2005
Message Posted: Jun 6, 2013 6:03:40 AM

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

Posts:4,408
Points:1,432,415
Joined:Sep 2006
Message Posted: Jun 6, 2013 6:00:50 AM

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

Posts:6,823
Points:1,460,935
Joined:Dec 2010
Message Posted: Jun 6, 2013 5:59:16 AM

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

Posts:10,251
Points:2,177,825
Joined:Apr 2009
Message Posted: Jun 6, 2013 5:57:49 AM

Down here
pfone1847
Champion Author Illinois

Posts:6,443
Points:1,404,855
Joined:Oct 2010
Message Posted: Jun 6, 2013 5:57:29 AM

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

Posts:9,628
Points:2,084,770
Joined:Sep 2009
Message Posted: Jun 6, 2013 5:56:50 AM

Dropping here
Petrock
Champion Author Lexington

Posts:12,404
Points:3,341,235
Joined:Apr 2005
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.
chuckohio
Champion Author Columbus

Posts:4,294
Points:993,900
Joined:Aug 2012
Message Posted: Jun 6, 2013 5:56:27 AM

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

Posts:3,956
Points:1,022,235
Joined:Mar 2012
Message Posted: Jun 6, 2013 5:56:00 AM

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

Posts:11,700
Points:1,458,975
Joined:Apr 2011
Message Posted: Jun 6, 2013 5:55:36 AM

Ok
Z06KY
Champion Author Louisville

Posts:8,434
Points:1,682,900
Joined:Nov 2010
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.
P H
Champion Author Albany

Posts:68,861
Points:3,185,105
Joined:Jan 2004
Message Posted: Jun 6, 2013 5:52:00 AM

Supply and Demand
jeff95519
Champion Author California

Posts:5,656
Points:2,134,425
Joined:Sep 2008
Message Posted: Jun 6, 2013 5:51:46 AM

so then what
SavingInNC
Champion Author North Carolina

Posts:7,429
Points:1,755,910
Joined:Oct 2006
Message Posted: Jun 6, 2013 5:50:54 AM

Crazy
LeeFree
Champion Author Pittsburgh

Posts:12,373
Points:3,017,700
Joined:Jun 2005
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.
gocatgo
Champion Author South Carolina

Posts:19,749
Points:3,313,010
Joined:Apr 2006
Message Posted: Jun 6, 2013 5:48:38 AM

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

Posts:8,806
Points:1,819,860
Joined:Apr 2010
Message Posted: Jun 6, 2013 5:44:33 AM

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

Posts:6,529
Points:1,953,950
Joined:Apr 2008
Message Posted: Jun 6, 2013 5:43:34 AM

Okay
gobux10
Champion Author Ohio

Posts:4,212
Points:886,680
Joined:Mar 2010
Message Posted: Jun 6, 2013 5:43:02 AM

Doesn't sound right
subnuke
Champion Author Atlanta

Posts:10,271
Points:2,259,520
Joined:Sep 2008
Message Posted: Jun 6, 2013 5:42:40 AM

more refineries
Zuman
Champion Author New York

Posts:9,341
Points:2,671,555
Joined:May 2005
Message Posted: Jun 6, 2013 5:40:04 AM

Just get more .
Lengas
Champion Author Gary

Posts:17,028
Points:3,501,250
Joined:Nov 2004
Message Posted: Jun 6, 2013 5:39:42 AM

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

Posts:5,020
Points:1,203,625
Joined:Jun 2011
Message Posted: Jun 6, 2013 5:38:01 AM

more refineries
epf
Champion Author Grand Rapids

Posts:9,607
Points:2,670,670
Joined:May 2004
Message Posted: Jun 6, 2013 5:35:46 AM

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

Posts:15,669
Points:1,971,445
Joined:Mar 2005
Message Posted: Jun 6, 2013 5:35:36 AM

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

Posts:5,462
Points:1,261,685
Joined:Dec 2011
Message Posted: Jun 6, 2013 5:35:29 AM

greed
csnvcas
All-Star Author Illinois

Posts:994
Points:236,980
Joined:Nov 2012
Message Posted: Jun 6, 2013 5:35:18 AM

Ok
hybridaholic
Champion Author Appleton

Posts:11,687
Points:2,330,130
Joined:Dec 2008
Message Posted: Jun 6, 2013 5:34:59 AM

Rip Off.
stpetebp
Champion Author Tampa

Posts:7,847
Points:2,407,660
Joined:Nov 2007
Message Posted: Jun 6, 2013 5:34:10 AM

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

Posts:10,626
Points:2,711,935
Joined:Sep 2005
Message Posted: Jun 6, 2013 5:33:03 AM

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

Posts:8,240
Points:2,118,925
Joined:Dec 2008
Message Posted: Jun 6, 2013 5:30:58 AM

Yawn
2parrots
Champion Author Massachusetts

Posts:5,033
Points:1,128,645
Joined:May 2012
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
Foxt
Champion Author Minnesota

Posts:8,469
Points:2,795,460
Joined:Jul 2006
Message Posted: Jun 6, 2013 5:27:25 AM

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

Posts:18,759
Points:3,143,180
Joined:Dec 2005
Message Posted: Jun 6, 2013 5:26:32 AM

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

Posts:18,368
Points:2,286,475
Joined:Feb 2004
Message Posted: Jun 6, 2013 5:25:59 AM

Slow down!
billy44bo
Champion Author Mobile

Posts:10,269
Points:2,257,785
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.
jacob5066
Champion Author College Station

Posts:5,118
Points:1,213,045
Joined:Feb 2012
Message Posted: Jun 6, 2013 5:25:23 AM

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

Posts:2,370
Points:520,405
Joined:Oct 2012
Message Posted: Jun 6, 2013 5:24:14 AM

declining of coarse
VB_Richard
Champion Author Virginia Beach

Posts:4,911
Points:1,136,770
Joined:Dec 2011
Message Posted: Jun 6, 2013 5:20:21 AM

Good information.
djp071158
Champion Author Detroit

Posts:3,832
Points:1,063,480
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.
Cachase1
Champion Author Oklahoma City

Posts:14,728
Points:3,163,560
Joined:Aug 2003
Message Posted: Jun 6, 2013 5:17:08 AM

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

Posts:4,694
Points:2,593,135
Joined:May 2006
Message Posted: Jun 6, 2013 5:17:07 AM

just more fuel for the fire to raise prices
Hunter724
Champion Author New Hampshire

Posts:11,346
Points:2,424,355
Joined:Sep 2008
Message Posted: Jun 6, 2013 5:14:40 AM

Tired of all these numbers and no $2.00 a gallon at the pump!!!
Post a reply Back to Topics