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Author Topic: Another large decline hits crude inventories, but supply of refined product jumps Back to Topics
PD

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Message Posted: Jul 17, 2013 10:36:06 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 6.9 million barrels to a total of 367.0 million barrels. At 367.0 million barrels, inventories are 10.4 million barrels below last year (2.7%) and are in the upper half of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 3.1 million barrels to 224.1 million barrels. At 224.1 million barrels, inventories are up 18.2 million barrels, or 8.8% higher than one year ago. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.1mb); 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: Jul 23, 2013 5:38:28 AM

wanda: indeed, they do.
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honda0105
Champion Author Tallahassee

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Message Posted: Jul 22, 2013 5:43:43 AM

Donatelo: that would be too much common sense and not enough money into the CxO's pockets of Pig Oil.
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Wanda127
Champion Author Florida

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Message Posted: Jul 21, 2013 10:45:33 PM

They love to have lots of excuses for raising the prices but at least the refineries are putting out more gasoline.
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honda0105
Champion Author Tallahassee

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Message Posted: Jul 21, 2013 7:51:05 AM

yawn. Pig Oil will ensure (as always) that the consumer gets scr3wed. One way or another...
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Pete12
Champion Author Albany

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Message Posted: Jul 20, 2013 8:10:35 PM

Then why are the futures climbing? Oh I forgot about the speculators!
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Donatelo
Champion Author Dayton

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Message Posted: Jul 18, 2013 12:16:59 PM

if we captured all the wasted energy from machinery running that could also have small electric generators connected to them from cars and trucks that could capture wind energy with small turbines put on the vehicles, to all the other wind and solar energy we could get by putting solar panels on top of our homes and buildings. we have answers looking us in the face, but most prefer to just grumble. we need to think outside the box. getting our own energy here would be like a tax break to us all.
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randyragon
Veteran Author Gary

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Message Posted: Jul 18, 2013 11:29:01 AM

2008 all over again. Gas will get so high that people can't afford anything else and the rest of the economy tanks. People lose their jobs because the businesses they work at are getting no money from sales. Those people then can't pay their mortgages or credit cards. But what do the speculators care, they got theirs.
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audreylw
Veteran Author Boston

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Message Posted: Jul 18, 2013 10:55:08 AM

Gas price goes up anyway.
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RobertSpratt
Champion Author Virginia Beach

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Message Posted: Jul 18, 2013 7:34:54 AM

It should not mean anything to prices
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oas
Champion Author Maryland

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Message Posted: Jul 18, 2013 6:29:04 AM

The ebb and flow of inventories seems completely unrelated to the pump price of gas.
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FocusST2
Champion Author North Carolina

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Message Posted: Jul 18, 2013 6:09:29 AM

Hhhhmmm. I smell another attempt at a price increase.
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dc1552
Champion Author Virginia Beach

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Message Posted: Jul 18, 2013 6:04:00 AM

just another reason for market speculators to drive prices higher...
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jacob5066
Champion Author College Station

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Message Posted: Jul 18, 2013 6:01:12 AM

More numbers that really never represent the price at the pump
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alphanyr
Champion Author Connecticut

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Message Posted: Jul 18, 2013 6:00:53 AM

Higher prices
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fillerupyeoww
Champion Author Columbus

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Message Posted: Jul 18, 2013 6:00:37 AM

net result, pump prices up.
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Z06KY
Champion Author Louisville

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Message Posted: Jul 18, 2013 5:59:49 AM

Oh please green weinies give us the answer.
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NJColt
Champion Author New Jersey

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Message Posted: Jul 18, 2013 5:58:56 AM

Biggest waste of breath = EIA reports.
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chuckohio
Champion Author Columbus

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Message Posted: Jul 18, 2013 5:58:28 AM

Okay.............
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bikerWI
Champion Author Milwaukee

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Message Posted: Jul 18, 2013 5:57:20 AM

Their predictions are never right.
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Hunter114
Champion Author Chicago

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Message Posted: Jul 18, 2013 5:57:17 AM

Oil pimps will make an excuse.
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Ratso
Champion Author Ohio

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Message Posted: Jul 18, 2013 5:56:42 AM

Lies lies lies, thats all the public is getting ..the only truth anymore is the price You Are Paying today ...!
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Ferdman17
Champion Author Albany

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Message Posted: Jul 18, 2013 5:55:41 AM

They are awful at predicting where the prices are going to be.
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jeff95519
Champion Author California

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Message Posted: Jul 18, 2013 5:55:36 AM

so what happened to the low prices for summer
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Petrock
Champion Author Lexington

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Message Posted: Jul 18, 2013 5:55:05 AM

Sounds like the "perfect excuse" to raise prices even further! Just delay new shipments of oil a few weeks ... inventories go down, prices go up and ... Profits go up!
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Valricoslash
Champion Author Tampa

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Message Posted: Jul 18, 2013 5:52:45 AM

Interesting. Oil inventories are dwon but gasoline inventories are up. Yet the price at the pump is also up, at least here inthe Tampa area. Up 20 cents in the last week or so.
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metrojeep
Champion Author Fort Worth

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Message Posted: Jul 18, 2013 5:51:46 AM

And earlier this Spring the forecast was for larger crude inventories. Don't beleive what ya read. Prices here have sure gone up on a steady pace.
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mike1881
Champion Author Fayetteville

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Message Posted: Jul 18, 2013 5:51:14 AM

OK
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MopedTime
Champion Author Michigan

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Message Posted: Jul 18, 2013 5:48:17 AM

No wonder the gas price went up
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Royski
Champion Author Los Angeles

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Message Posted: Jul 18, 2013 5:46:47 AM

This stuff is boring.
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Rednix
Champion Author Miami

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Message Posted: Jul 18, 2013 5:45:11 AM

Sounds like mixed results.
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fhcmedic
Champion Author North Carolina

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Message Posted: Jul 18, 2013 5:43:57 AM

Gas prices are going thru the roof here in NC!
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AKmailman
Champion Author Alaska

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Message Posted: Jul 18, 2013 5:43:17 AM

your weekly propaganda report from DOE
to the sheeple
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AvantiMick
Champion Author Indiana

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Message Posted: Jul 18, 2013 5:43:01 AM

There are BS figures to support price increases that are NOT needed except to boost oil company profits!!
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Beau2140
Champion Author New York

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Message Posted: Jul 18, 2013 5:39:46 AM

Our station raised the price 24 cents in less than two weeks.
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kirzon484
Champion Author Atlanta

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Message Posted: Jul 18, 2013 5:39:17 AM

old news
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VetteFan
Champion Author Indiana

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Message Posted: Jul 18, 2013 5:36:33 AM

If gasoline inventories jump we need to see the bigger picture. Did they go up just because refineries are finally ahead of use or did they go up because consumers are using less? If refineries are the reason speculators may be expecting more shutdowns for maintenance and we'd be behind the eight ball again.
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DrivingFool2
Champion Author Appleton

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Message Posted: Jul 18, 2013 5:36:21 AM

When are they going to stop this
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Brucevanf
Champion Author New Brunswick

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Message Posted: Jul 18, 2013 5:33:54 AM

More gouging on the way
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w4kh
Champion Author Tennessee

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Message Posted: Jul 18, 2013 5:32:49 AM

Somehow a 1.8% decrease in crude oil inventories becomes a "large decline" and justifies an upward jump in pump prices, while gasoline inventories increase 1.4%, which should be regarded as a "large increase" lowering pump prices, but speculators hold the prices higher...
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SavingInNC
Champion Author North Carolina

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Message Posted: Jul 18, 2013 5:32:09 AM

Get ready
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epf
Champion Author Grand Rapids

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Message Posted: Jul 18, 2013 5:29:52 AM

SURVEY SAYS!
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Tru2psu2
Champion Author Winston-Salem

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Message Posted: Jul 18, 2013 5:24:57 AM

Oh boy!
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moenkopi23
Champion Author Chicago

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Message Posted: Jul 18, 2013 5:22:05 AM

Manipulation of supplies to increase revenue. ...
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toolman3md
Champion Author Maryland

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Message Posted: Jul 18, 2013 5:20:51 AM

Gas prices will always go up, so articles like this aren't really news.
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NotTom
Champion Author New Hampshire

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Message Posted: Jul 18, 2013 5:20:24 AM

not good for gas prices
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74celica
Champion Author Columbus

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Message Posted: Jul 18, 2013 5:19:08 AM

another excuse to raise prices
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nightworker998
Champion Author Maryland

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Message Posted: Jul 18, 2013 5:14:17 AM

Crude stocks go down so gas goes up but gas stocks go up and gas goes up more
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442Nut
Champion Author Massachusetts

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Message Posted: Jul 18, 2013 5:13:27 AM

still going up at the pump
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swede
Champion Author Cleveland

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Message Posted: Jul 18, 2013 5:12:47 AM

They need to get their numbers right. The gasoline increase was said to be 3.1 million barrels but if you add up the region increases it only adds to 2.1 million barrels.
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Foxt
Champion Author Minnesota

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Message Posted: Jul 18, 2013 5:12:45 AM

Still went up another dime.
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