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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
fedupp
Champion Author Cleveland

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Points:43,565
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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.
philbh
Veteran Author Cleveland

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Message Posted: Jun 16, 2013 10:44:42 AM

short lived and meaningless
philbh
Veteran Author Cleveland

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Points:732,370
Joined:Oct 2008
Message Posted: Jun 16, 2013 10:44:06 AM

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

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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!!
Pete12
Champion Author Albany

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Message Posted: Jun 14, 2013 7:14:29 AM

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

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Message Posted: Jun 13, 2013 8:16:56 AM

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

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Message Posted: Jun 13, 2013 7:49:24 AM

Not in Michigan
TIGERPAW46
Champion Author Florida

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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.
wz
Champion Author Twin Cities

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Message Posted: Jun 13, 2013 12:52:45 AM

Any downward pressure is welcome.
ricebike
Champion Author New Jersey

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Message Posted: Jun 13, 2013 12:48:49 AM

prices are not dropping yet
boatfloyd
Champion Author Jacksonville

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Message Posted: Jun 13, 2013 12:47:27 AM

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

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Message Posted: Jun 13, 2013 12:44:35 AM

They went up here.
Zeke33
Champion Author New Hampshire

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Message Posted: Jun 13, 2013 12:40:24 AM

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

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Message Posted: Jun 13, 2013 12:38:45 AM

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

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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...
Bigwaynef
Champion Author South Carolina

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Message Posted: Jun 13, 2013 12:35:41 AM

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

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Message Posted: Jun 13, 2013 12:35:38 AM

Cool.
ttlpkg11
Champion Author Michigan

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Message Posted: Jun 13, 2013 12:35:33 AM

worthless numbers.
Ray_10589
Champion Author New York

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Message Posted: Jun 13, 2013 12:34:45 AM

Let's see it lower at the pump
roxanebay
Champion Author Nova Scotia

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Message Posted: Jun 13, 2013 12:33:56 AM

Will it show in our pocket?
Vette1967
Champion Author Albany

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Message Posted: Jun 13, 2013 12:31:44 AM

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

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Message Posted: Jun 13, 2013 12:31:24 AM

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

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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.
SiouxFallsCheck
All-Star Author Sioux Falls

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Message Posted: Jun 13, 2013 12:27:56 AM

ok
jtfftj
Champion Author New Hampshire

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Message Posted: Jun 13, 2013 12:27:48 AM

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

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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.
craigsf38
Champion Author Rochester

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Message Posted: Jun 13, 2013 12:26:42 AM

Old
cifuentesab
Champion Author Sacramento

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Message Posted: Jun 13, 2013 12:25:54 AM

old again
f4driver
Champion Author Maine

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Message Posted: Jun 13, 2013 12:23:07 AM

Abolish the EIA!
10k
Champion Author North Carolina

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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 ??..
Hi1
Champion Author Ontario

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Message Posted: Jun 13, 2013 12:18:57 AM

Old news.
crreed1
Champion Author West Virginia

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Message Posted: Jun 13, 2013 12:17:16 AM

old news
Blue_Cruzer
Champion Author Lexington

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Message Posted: Jun 13, 2013 12:17:07 AM

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

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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.
RogerB
Champion Author Indianapolis

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Message Posted: Jun 13, 2013 12:15:48 AM

Very Interesting . . . . .
Glock26
Champion Author Dayton

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Message Posted: Jun 13, 2013 12:15:02 AM

Interesting!
ican2step
Champion Author Pittsburgh

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Message Posted: Jun 13, 2013 12:14:41 AM

Fall baby, fall.
ssect8
Champion Author Hartford

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Message Posted: Jun 13, 2013 12:14:33 AM

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

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Message Posted: Jun 13, 2013 12:14:01 AM

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

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Message Posted: Jun 13, 2013 12:13:03 AM

Interesting...
jkpsr
Champion Author New Jersey

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Message Posted: Jun 13, 2013 12:11:53 AM

Too slowly.
DEG
Champion Author Las Vegas

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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.
unicornpmb
Champion Author Buffalo

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Message Posted: Jun 13, 2013 12:11:34 AM

You think.
obimerrill
Champion Author Cincinnati

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Message Posted: Jun 13, 2013 12:10:43 AM

About time!
amisero
Champion Author Philadelphia

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Message Posted: Jun 13, 2013 12:10:27 AM

Right!!!
ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Jun 13, 2013 12:10:00 AM

No matter
mfeldstein
Champion Author Ottawa

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Message Posted: Jun 13, 2013 12:09:51 AM

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

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Message Posted: Jun 13, 2013 12:09:46 AM

Good.
GoneUpAgain
Champion Author Atlanta

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Message Posted: Jun 13, 2013 12:07:45 AM

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

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Message Posted: Jun 13, 2013 12:07:39 AM

Well it sounds good.
swrestler
Champion Author Grand Rapids

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Message Posted: Jun 12, 2013 9:17:11 PM

This Doesn't Include What We Have In Freighters Sitting Offshore Waiting To Be Processed...
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