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Author Topic: EIA data shows refineries kicking into higher gear Back to Topics
PD

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Message Posted: Jun 19, 2013 10:35:20 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 0.3 million barrels to a total of 394.1 million barrels. At 394.1 million barrels, inventories are 6.8 million barrels above last year (1.8%) and are well above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 0.2 million barrels to 221.7 million barrels. At 221.7 million barrels, inventories are up 19.0 million barrels, or 9.4% more than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-1.5mb); Midwest...

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Jun 26, 2013 6:52:55 AM

after shuttering several to keep the prices high?
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honda0105
Champion Author Tallahassee

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Message Posted: Jun 25, 2013 5:47:29 AM

Pete: somehow methinks that's wishful thinking..
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fedupp
Champion Author Cleveland

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Message Posted: Jun 24, 2013 9:32:29 AM

What you are witnessing now is price rise and fall by zone-east west in the middle.Do you really think they cant supply us?they are exporting large quantities of oil.What they are doing is giving us the ilution of price change due to circumstances out of their control,please if it was more profitable for them to keep the price steady thats what they would be doing-when your company makes tens of billions in profits every quarter you can do whatever you want-If it was A supply and demand problem they would not be exporting.The supply has been high for A long time.
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fedupp
Champion Author Cleveland

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Message Posted: Jun 24, 2013 8:48:49 AM

Invent?its time now for the summer driving excuse.
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WanderDan
All-Star Author Dayton

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Message Posted: Jun 23, 2013 9:18:34 PM

they will invent another excuse
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philbh
Veteran Author Cleveland

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Message Posted: Jun 23, 2013 10:13:41 AM

prices in Cleveland down $.50-$.60 in some areas.
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Pete12
Champion Author Albany

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Message Posted: Jun 21, 2013 8:01:06 PM

That's good the price of gas should start headimg back down.
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fedupp
Champion Author Cleveland

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Message Posted: Jun 21, 2013 9:14:25 AM

Dsl987 I thank you for engaging me directly.The point I am trying to make is that the market-s are completely manipulated,and yes I do expect oil to be around $30dollars A barrel.Oil companies in the united states are fracking oil out of depleted wells drilling of shore,producing oil from shale fields,drilling in 6o below zero ect.Affordable oil comes from wells in countries that have huge oceans of oil.They open A valve on A 6" main and fill up 10 tankers and they can do that for A hundred years.If the markets were left alone oil would be even cheaper than $30barrel-in order for american oil production to be even remotely profitable the big players have to be disqualified(Iraq war-demonization of Venezuala ect)Drilling and production would have never started up again in the US if the price was not sky high its the product of high prices not the answer to them-the proof of this is the price at your local station,and dont think more drilling will lower the price they will just export what they dont rob us on.
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priver
All-Star Author Alberta

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Message Posted: Jun 21, 2013 8:33:45 AM

sure
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HarmForGreen
Rookie Author Nebraska

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Message Posted: Jun 20, 2013 6:38:04 PM

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sydb7
Champion Author Atlanta

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Message Posted: Jun 20, 2013 5:25:49 PM

ok.
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Donatelo
Champion Author Dayton

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Message Posted: Jun 20, 2013 5:20:28 PM

prices vary widely from town to town around cincy.
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doctorindyj
Champion Author Santa Fe

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Message Posted: Jun 20, 2013 1:57:04 PM

EIA should change their acronym to WUB(Worthless Useless Bureaucracy). Of course that would make it hard on the government since many agencies would have to change their name to that as well.
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DSL987
Rookie Author San Antonio

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Message Posted: Jun 20, 2013 11:33:21 AM

Fedupp: Do you not understand that oil is sold on the international market? Just what are "we" supposed to do about high AMERICAN oil prices? Tell the companies drilling for it that they have to sell it for $30? Drilling and production would stop overnight. It's obvious you know next to nothing about the oil markets.
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fedupp
Champion Author Cleveland

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Message Posted: Jun 20, 2013 9:00:07 AM

So what? They just did A study this year they took A new look at Iraq and now are saying Iraq has more oil than anywhere on earth.Iraq oil is not in the middle of the ocean or in A wildlife reseve or in 60 below zero temps-remember Kuait and Iraq oil wells shooting 300 feet in the air?We cant compete with that,and why is China getting any of it-we are the ones who fought and died there.Ill tell you why China is not as stupid as we are and now they are gaining access to an ocean of high quality crude that used to be on the world market(before the war)this is one of the reasons American oil is high and will remain high until we do somthing abot it.
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fedupp
Champion Author Cleveland

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Message Posted: Jun 20, 2013 8:43:39 AM

There are two main reasons we went to war with Iraq(and neither one had anything at all to do with terror-there never were any terroists in Iraq until W-Cheney put them there by disbanding the Iraqi army)#1 Saddam Hussein was sick of Bill Clintons oil for food program-he was getting ready to dump 5 million barrels of high quality crude oil A day on the world market(just think what that would have done to our favorite two texas oil mens bank accounts)#2 he made it clear he was going to switch to the economy of Iraq to euro W-Cheney were afraid more countries would follow his lead and they would loose more money.The terror in Iraq was really the economic terror of $10 A barrel crude oil that American oil men fear more than anything.
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jcallaw
Champion Author Houston

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Message Posted: Jun 20, 2013 8:42:30 AM

So what?
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fedupp
Champion Author Cleveland

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Message Posted: Jun 20, 2013 8:19:27 AM

Better read up China France and A few others will be getting Iraqs oil and they didnt pump any significant amount of oil for almost ten years-Hugo Chavez(When he was alive)made it his business to make us pay through the nose(called us the devil of the world)All because of W-chenney-look at oil price charts crude oil instantly doubled the moment we went into Iraq and climbed from that to $147.00barrel until the market crashed-4-5 months after that back up again.Now the price has been high enough for 10 years to export whatever is left over from our production when the world price goes back down the pump price will go down.
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DSL987
Rookie Author San Antonio

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Message Posted: Jun 20, 2013 8:01:42 AM

Fedupp: What a load of drivel! Iraq is exporting as much oil as before the war, and the US remains Venezuela's biggest customer of oil.
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fedupp
Champion Author Cleveland

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Message Posted: Jun 20, 2013 7:49:19 AM

The only way the price will go down(significantly)is if we can get back to where we were 10 years ago before the whole oil game was manipulated by our favorite two texas oil men.Do you really think its worth exporting American oil at $18barrel? The price was driven up by cutting supply-supply was cut by eliminating two enormous oil producing countries from the equation-Iraq was eliminated by war and lies as you know-Venezuala by just lies(please tell me who was ever afraid of Venezuala other than W-Cheney and only because of their oil market flooding ability)The price per barrel of oil is now high enough that other countries will buy our hard to get oil---and the price wont go down until that changes-blaming Obama for this is like blaming Clinton for the Cuban missile crisis.
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BEngr
Champion Author Illinois

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Message Posted: Jun 20, 2013 5:31:14 AM

I don't get to excited about these weekly reports, because even when we know that inventories are going up or down we have no control over the price of gas at the pump. But it has become obvious that by controlling refinery output and inventories that they have found the way to manipulate the price.
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Leamer
Champion Author Ontario

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Message Posted: Jun 20, 2013 5:05:10 AM

nice
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sparkie951
Champion Author Roanoke

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Message Posted: Jun 20, 2013 5:03:45 AM

They need to.. Lower our prices.
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TIGERPAW46
Champion Author Florida

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Message Posted: Jun 20, 2013 5:02:19 AM

It generally has little actual effect on prices unless they are to the point everywhere is overflowing. Generally the speculators have much more control on the price manipulation for any reason with the suppliers somewhat less control. While we public using the fuel have the least control if any. despite major reductions in US consumption the prices stayed high. The only reason they dropped drastically was major World wide Recession.
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AKmailman
Champion Author Alaska

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Message Posted: Jun 20, 2013 4:58:26 AM

your weekly propaganda courtesy of DOE
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silverfox63
Champion Author Michigan

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Message Posted: Jun 20, 2013 4:57:31 AM

Will this mean lower gas prices at the pump or just more smoke being blown up our ***.
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twobroke61
Champion Author Michigan

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Message Posted: Jun 20, 2013 4:56:06 AM

we shall see how long this will last before some other excuse comes along to raise the price at the pumps
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Bonanza
Champion Author Boston

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Message Posted: Jun 20, 2013 4:55:33 AM

Yesterday's news
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arinkrat17
Champion Author Twin Cities

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Message Posted: Jun 20, 2013 4:55:28 AM

Prices won't drop much though since 4 th around the corner
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wkb03
Champion Author Georgia

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Message Posted: Jun 20, 2013 4:53:52 AM

Just in time for summer!
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Tim50
Champion Author Detroit

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Message Posted: Jun 20, 2013 4:53:42 AM

What took so long?
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cheapertvs
Champion Author Richmond

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Message Posted: Jun 20, 2013 4:52:31 AM

So when will we see the significant price drops as a result of this?
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Cachase1
Champion Author Oklahoma City

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Message Posted: Jun 20, 2013 4:51:16 AM

This is the first time I have seen gasoline inventories increase in a long time.
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Rick52
Champion Author Milwaukee

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Message Posted: Jun 20, 2013 4:50:35 AM

Now there are working the Refineries hard...I'm sure some are do for a break ddown..
Like near July 4th and Labor Day....
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Topless2012
Champion Author Twin Cities

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Message Posted: Jun 20, 2013 4:49:29 AM

It is called SUMMER.
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Ready Eddie
Champion Author Twin Cities

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Message Posted: Jun 20, 2013 4:43:22 AM

Rip off central
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moenkopi23
Champion Author Chicago

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Message Posted: Jun 20, 2013 4:40:25 AM

Quit exporting outside of U.S. and Canada and oil and prices will drop further.
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VB_Richard
Champion Author Virginia Beach

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Message Posted: Jun 20, 2013 4:38:51 AM

Nothing like timing!!
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NemoIL
Champion Author Illinois

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Message Posted: Jun 20, 2013 4:37:23 AM

Old news.
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fratt
Champion Author Grand Rapids

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Message Posted: Jun 20, 2013 4:37:18 AM

Good news.
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NotTom
Champion Author New Hampshire

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Message Posted: Jun 20, 2013 4:37:14 AM

IMPLIED DEMAND:
Gasoline supplied to end users amounted to 8.8 million barrels per day, or 193,000 barrels per day higher than the previous week. Compared to the same period last year, gasoline supplied is down 0.1% versus last year.
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gabbygusIN
Champion Author Indiana

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Message Posted: Jun 20, 2013 4:36:44 AM

Prices are slowly coming down in Indiana...
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Luckylindy
Champion Author Milwaukee

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Message Posted: Jun 20, 2013 4:34:16 AM

It's about time.
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TravelinMan52
Champion Author Augusta

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Message Posted: Jun 20, 2013 4:31:34 AM

So the pump prices could go down?? Time will tell if they do, of course...
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Brucevanf
Champion Author New Brunswick

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Message Posted: Jun 20, 2013 4:29:04 AM

Good news
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1Boog
Champion Author Lincoln

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Message Posted: Jun 20, 2013 4:27:42 AM

about time!
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BigDogOH
Champion Author Cincinnati

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Message Posted: Jun 20, 2013 4:26:54 AM

Pump price still too darn high
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yelobus
Champion Author Houston

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Message Posted: Jun 20, 2013 4:25:15 AM

No effect on price.
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SteveMartin
Champion Author New Orleans

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Message Posted: Jun 20, 2013 4:22:13 AM

Prices are going up here.
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goldseeker
Champion Author West Virginia

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Message Posted: Jun 20, 2013 4:20:00 AM

All BS as pump prices remain high.
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