Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:10 AM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Gasoline inventories rise, likely to put downward pressure on retail prices Back to Topics
PD

Moderator
Message Posted: Jun 12, 2013 10:38:59 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 2.5 million barrels to a total of 393.8 million barrels. At 393.8 million barrels, inventories are 9.4 million barrels above last year (2.4%) and are well above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 2.7 million barrels to 221.5 million barrels. At 221.5 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 (+2.9mb); Midwest...

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

Posts:3,916
Points:26,525
Joined:May 2013
Message Posted: Jun 17, 2013 1:59:54 PM

Oil companies in the US are exporting fuel why?simple because they make A killing on it they dont care about you or me,they never did they never will.Its A con job that drives up the cost of everything we use every day its worth it to develop oil here now because the world market has been completely manipulated-and we pay at least three times too much for fuel.
Profile Pic
philbh
Veteran Author Cleveland

Posts:343
Points:446,795
Joined:Oct 2008
Message Posted: Jun 16, 2013 10:44:42 AM

short lived and meaningless
Profile Pic
philbh
Veteran Author Cleveland

Posts:343
Points:446,795
Joined:Oct 2008
Message Posted: Jun 16, 2013 10:44:06 AM

any drop in prices will be short lived
Profile Pic
mdcsgt
Champion Author South Carolina

Posts:1,522
Points:415,185
Joined:Feb 2013
Message Posted: Jun 14, 2013 11:28:16 AM

Not going to happen. Gas is up 15 cents a gallon here in the past 3 days!!
Profile Pic
Pete12
Champion Author Albany

Posts:5,686
Points:1,964,190
Joined:Nov 2005
Message Posted: Jun 14, 2013 7:14:29 AM

Now let's see something actually happen.
Profile Pic
streetdesign
Champion Author Illinois

Posts:2,490
Points:1,017,870
Joined:May 2011
Message Posted: Jun 13, 2013 8:16:56 AM

Refineries are going back on line so that should help bring down gas prices.
Profile Pic
kzrooster
Champion Author Kalamazoo

Posts:4,445
Points:961,825
Joined:Nov 2011
Message Posted: Jun 13, 2013 7:49:24 AM

Not in Michigan
Profile Pic
TIGERPAW46
Champion Author Florida

Posts:9,263
Points:1,790,985
Joined:Mar 2004
Message Posted: Jun 13, 2013 1:23:43 AM

Until it's the next refinery's turn to decrease output for one reason or another.
Profile Pic
wz
Champion Author Twin Cities

Posts:4,587
Points:1,726,820
Joined:Feb 2009
Message Posted: Jun 13, 2013 12:52:45 AM

Any downward pressure is welcome.
Profile Pic
ricebike
Champion Author New Jersey

Posts:11,937
Points:2,238,950
Joined:Oct 2005
Message Posted: Jun 13, 2013 12:48:49 AM

prices are not dropping yet
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:3,885
Points:838,240
Joined:Mar 2012
Message Posted: Jun 13, 2013 12:47:27 AM

I will be watching the Gas Prices here :).
Profile Pic
CiVX
Champion Author Oakland

Posts:8,957
Points:1,785,455
Joined:Feb 2009
Message Posted: Jun 13, 2013 12:44:35 AM

They went up here.
Profile Pic
Zeke33
Champion Author New Hampshire

Posts:7,232
Points:1,942,585
Joined:Sep 2005
Message Posted: Jun 13, 2013 12:40:24 AM

We shall see. The EIA usually only reports "facts" that hurt the pump price.
Profile Pic
elcid1300
Champion Author San Diego

Posts:3,827
Points:762,700
Joined:Jul 2012
Message Posted: Jun 13, 2013 12:38:45 AM

Another reason to raise gas prices.
Profile Pic
granitestater
Champion Author New Hampshire

Posts:11,338
Points:1,869,555
Joined:Oct 2008
Message Posted: Jun 13, 2013 12:36:40 AM

Depends upon how much the it cost to bring the gas to market--not the supply...
Profile Pic
Bigwaynef
Champion Author South Carolina

Posts:14,251
Points:2,529,845
Joined:Dec 2006
Message Posted: Jun 13, 2013 12:35:41 AM

Wait till Obummer finds out, then up go the prices!
Profile Pic
nztyraider
Champion Author Nevada

Posts:3,412
Points:1,077,730
Joined:Apr 2009
Message Posted: Jun 13, 2013 12:35:38 AM

Cool.
Profile Pic
ttlpkg11
Champion Author Michigan

Posts:2,653
Points:1,115,265
Joined:Apr 2011
Message Posted: Jun 13, 2013 12:35:33 AM

worthless numbers.
Profile Pic
Ray_10589
Champion Author New York

Posts:6,928
Points:1,614,575
Joined:May 2009
Message Posted: Jun 13, 2013 12:34:45 AM

Let's see it lower at the pump
Profile Pic
roxanebay
All-Star Author Nova Scotia

Posts:808
Points:381,530
Joined:Jun 2008
Message Posted: Jun 13, 2013 12:33:56 AM

Will it show in our pocket?
Profile Pic
Vette1967
Champion Author Albany

Posts:8,104
Points:1,726,520
Joined:Jun 2009
Message Posted: Jun 13, 2013 12:31:44 AM

Okay...Lets now see the price at the pump go down a little bit.
Profile Pic
pa79th
Champion Author Pennsylvania

Posts:3,908
Points:1,652,825
Joined:Jun 2007
Message Posted: Jun 13, 2013 12:31:24 AM

That'll be the day. They'll find some excuse to keep the prices jacked!
Profile Pic
Brunduski
All-Star Author Missouri

Posts:611
Points:267,290
Joined:Jun 2012
Message Posted: Jun 13, 2013 12:30:58 AM

This news is getting old. The refineries will just cut back on production to keep the price of gas artificially inflated.
Profile Pic
SiouxFallsCheck
All-Star Author Sioux Falls

Posts:667
Points:237,820
Joined:Mar 2013
Message Posted: Jun 13, 2013 12:27:56 AM

ok
Profile Pic
jtfftj
Champion Author New Hampshire

Posts:2,611
Points:1,652,465
Joined:Sep 2005
Message Posted: Jun 13, 2013 12:27:48 AM

EIA is owned and operated for and by speculators. Close it down.
Profile Pic
greshams
Champion Author Cincinnati

Posts:4,167
Points:825,265
Joined:Nov 2011
Message Posted: Jun 13, 2013 12:27:23 AM

you watch they'll have more refineries go down for maintenance to keep prices above $3.00 a gal.
Profile Pic
craigsf38
Champion Author Rochester

Posts:7,839
Points:1,961,030
Joined:Jun 2008
Message Posted: Jun 13, 2013 12:26:42 AM

Old
Profile Pic
cifuentesab
Champion Author Sacramento

Posts:2,683
Points:949,455
Joined:Jul 2011
Message Posted: Jun 13, 2013 12:25:54 AM

old again
Profile Pic
f4driver
Champion Author Maine

Posts:4,576
Points:1,069,530
Joined:Aug 2007
Message Posted: Jun 13, 2013 12:23:07 AM

Abolish the EIA!
Profile Pic
10k
Champion Author North Carolina

Posts:24,190
Points:2,703,475
Joined:May 2006
Message Posted: Jun 13, 2013 12:21:28 AM

the EIA is a stupid, money-sucking gov't agency that needs to go away yesterday, not tomorrow..north carolina's avg price jumped 0.9¢ today-how's that for a falling price ??..
Profile Pic
Hi1
Champion Author Ontario

Posts:6,752
Points:2,130,595
Joined:Jun 2007
Message Posted: Jun 13, 2013 12:18:57 AM

Old news.
Profile Pic
crreed1
Champion Author West Virginia

Posts:3,980
Points:2,953,245
Joined:May 2005
Message Posted: Jun 13, 2013 12:17:16 AM

old news
Profile Pic
Blue_Cruzer
Champion Author Lexington

Posts:8,894
Points:1,942,465
Joined:Mar 2007
Message Posted: Jun 13, 2013 12:17:07 AM

EIA weekly report a waste of time reading.
Profile Pic
judgemobile
Champion Author Ohio

Posts:9,709
Points:2,895,585
Joined:Nov 2005
Message Posted: Jun 13, 2013 12:16:54 AM

with a $ 2.80 wholesale price, retail SHOULD be about 3.30-3.35, not 3.85 as in NW Ohio. Greed lives.
Profile Pic
RogerB
Champion Author Indianapolis

Posts:20,414
Points:3,070,445
Joined:Dec 2005
Message Posted: Jun 13, 2013 12:15:48 AM

Very Interesting . . . . .
Profile Pic
Glock26
Champion Author Dayton

Posts:3,575
Points:1,065,380
Joined:Mar 2011
Message Posted: Jun 13, 2013 12:15:02 AM

Interesting!
Profile Pic
ican2step
Champion Author Pittsburgh

Posts:3,711
Points:867,075
Joined:Feb 2012
Message Posted: Jun 13, 2013 12:14:41 AM

Fall baby, fall.
Profile Pic
ssect8
Champion Author Hartford

Posts:10,072
Points:2,482,740
Joined:Jun 2006
Message Posted: Jun 13, 2013 12:14:33 AM

Gas prices are not determined by supply and demand but rather by greed and speculation.
Profile Pic
Zonk
Champion Author Michigan

Posts:8,586
Points:2,544,390
Joined:Oct 2005
Message Posted: Jun 13, 2013 12:14:01 AM

This data is always behind the times.
Profile Pic
Burger09
Champion Author Ontario

Posts:2,155
Points:571,515
Joined:Aug 2009
Message Posted: Jun 13, 2013 12:13:03 AM

Interesting...
Profile Pic
jkpsr
Champion Author New Jersey

Posts:5,806
Points:1,527,130
Joined:Jun 2005
Message Posted: Jun 13, 2013 12:11:53 AM

Too slowly.
Profile Pic
DEG
Champion Author Las Vegas

Posts:19,671
Points:3,927,580
Joined:Jul 2003
Message Posted: Jun 13, 2013 12:11:48 AM

The useless weekly report. And gas prices are on the rise in the Las Vegas, NV area.
Profile Pic
unicornpmb
Champion Author Buffalo

Posts:10,634
Points:2,080,245
Joined:Sep 2005
Message Posted: Jun 13, 2013 12:11:34 AM

You think.
Profile Pic
obimerrill
Champion Author Cincinnati

Posts:3,576
Points:739,290
Joined:Jul 2012
Message Posted: Jun 13, 2013 12:10:43 AM

About time!
Profile Pic
amisero
Champion Author Philadelphia

Posts:343,055
Points:2,156,970
Joined:Apr 2008
Message Posted: Jun 13, 2013 12:10:27 AM

Right!!!
Profile Pic
ManOfLeisureII
Champion Author Philadelphia

Posts:3,974
Points:901,365
Joined:Jan 2012
Message Posted: Jun 13, 2013 12:10:00 AM

No matter
Profile Pic
mfeldstein
Champion Author Ottawa

Posts:10,189
Points:2,354,680
Joined:Feb 2007
Message Posted: Jun 13, 2013 12:09:51 AM

Wouldn't that be nice.
Profile Pic
mrbee
Champion Author Little Rock

Posts:5,905
Points:2,914,400
Joined:Oct 2005
Message Posted: Jun 13, 2013 12:09:46 AM

Good.
Profile Pic
GoneUpAgain
Champion Author Atlanta

Posts:10,620
Points:1,712,310
Joined:May 2004
Message Posted: Jun 13, 2013 12:07:45 AM

Due to this news, I predict a jump in prices by Friday.
Profile Pic
wshokie12
Champion Author Winston-Salem

Posts:2,745
Points:609,790
Joined:Aug 2012
Message Posted: Jun 13, 2013 12:07:39 AM

Well it sounds good.
Post a reply Back to Topics