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Author Topic: Fourth straight weekly decline in crude inventories: EIA report Back to Topics
PD

Moderator
Message Posted: Jul 24, 2013 10:36:39 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 2.8 million barrels to a total of 364.2 million barrels. At 364.2 million barrels, inventories are 15.9 million barrels below last year (4.2%) and are in the upper half of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.4 million barrels to 222.7 million barrels. At 222.7 million barrels, inventories are up 12.7 million barrels, or 6.0% higher than one year ago. Here's how individual regions and their gasoline inventory fared last week: East Coast (-1.4mb); Midwest...

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
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cwashi3324
Champion Author Cincinnati

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Message Posted: Jul 25, 2013 11:16:45 PM

They're lying!
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kiholt
Rookie Author Kalamazoo

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Points:1,220
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Message Posted: Jul 25, 2013 3:08:04 PM

WHY are we exporting our oil products , screw the other countries lets keep our own oil products AND then FIRE OIL SPECULATORS !
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lgwhitlock
Champion Author Chico

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Message Posted: Jul 25, 2013 12:18:44 PM

Another week another government sponsored speculation report...
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fedupp
Champion Author Cleveland

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Message Posted: Jul 25, 2013 12:00:53 PM

If there is no demand decrease the supply-if there is too much supply decrease supply-if there is high demand-decrease supply.
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williamcabot
Champion Author San Diego

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Message Posted: Jul 25, 2013 10:24:51 AM

Another reason to raise gasoline prices.
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OldMan322
Champion Author Illinois

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Message Posted: Jul 25, 2013 10:10:36 AM

"sydb7" It seems to be just one-way for the prices
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rbutterw
Champion Author Raleigh

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Message Posted: Jul 25, 2013 7:12:23 AM

very crude
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sydb7
Champion Author Atlanta

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Message Posted: Jul 25, 2013 7:10:56 AM

Supply goes up, supply goes down, prices go up!
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oas
Champion Author Maryland

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Message Posted: Jul 25, 2013 6:39:26 AM

Doesn't seem to have any impact on gas prices.
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SavingInNC
Champion Author North Carolina

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Message Posted: Jul 25, 2013 6:06:02 AM

Look out prices
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bikerWI
Champion Author Milwaukee

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Message Posted: Jul 25, 2013 6:05:54 AM

Sounds like a reason to raise prices.
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Hunter114
Champion Author Chicago

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Message Posted: Jul 25, 2013 6:05:50 AM

Great excuse for oil pimps.
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fillerupyeoww
Champion Author Columbus

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Message Posted: Jul 25, 2013 6:02:20 AM

Typical summer drawdown.
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nozzle46
Champion Author Little Rock

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Message Posted: Jul 25, 2013 6:00:38 AM

Usual summer news.
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afghaned
Champion Author Ottawa

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Message Posted: Jul 25, 2013 5:58:18 AM

IT'S SUMMER!!!
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Jeffro61
Champion Author Cleveland

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Message Posted: Jul 25, 2013 5:58:15 AM

Good news for speculators.
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duane7810
Champion Author Illinois

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Message Posted: Jul 25, 2013 5:56:42 AM

Why are we exporting???
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kirzon484
Champion Author Atlanta

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Message Posted: Jul 25, 2013 5:56:30 AM

just like a yoyo
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ou812again
Champion Author Cincinnati

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Message Posted: Jul 25, 2013 5:56:09 AM

old
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Petrock
Champion Author Lexington

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Message Posted: Jul 25, 2013 5:56:09 AM

Oil and Gasoline inventories both down, but higher that average ... sounds like the perfect excuse to jack prices way up!
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cheapertvs
Champion Author Richmond

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Message Posted: Jul 25, 2013 5:55:22 AM

Its going the wrong way!
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AvantiMick
Champion Author Indiana

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Message Posted: Jul 25, 2013 5:54:55 AM

And.....gas prices are dropping! Another myth rebuffed!
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duane7810
Champion Author Illinois

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Message Posted: Jul 25, 2013 5:54:37 AM

Yup! OIL UP!!!
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jeff95519
Champion Author California

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Message Posted: Jul 25, 2013 5:54:21 AM

drill baby drill
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BigBearHug
Champion Author Amarillo

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Message Posted: Jul 25, 2013 5:52:02 AM

oil up
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Ratso
Champion Author Ohio

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Message Posted: Jul 25, 2013 5:52:02 AM

Hang onto your jars of Vaseline friends...here it is ..on the horizon...price spikes !
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Hunter724
Champion Author New Hampshire

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Message Posted: Jul 25, 2013 5:51:58 AM

Don't let the speculators know this.......
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moenkopi23
Champion Author Chicago

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Message Posted: Jul 25, 2013 5:51:47 AM

Stop exporting oil to China!
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neptune2008
Champion Author Michigan

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Message Posted: Jul 25, 2013 5:49:49 AM

$$$$$
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WR-INC
Champion Author Twin Cities

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Message Posted: Jul 25, 2013 5:49:09 AM

If there's enough to meet demand, there shouldn't be any effect on price.
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humblepie
Champion Author Toledo

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Message Posted: Jul 25, 2013 5:47:57 AM

and still more then enough in storage
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HedTurnr
All-Star Author Oakland

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Message Posted: Jul 25, 2013 5:42:34 AM

Just keeping that price as high as they can is what it looks like.
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raccoon2011
Champion Author Massachusetts

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Message Posted: Jul 25, 2013 5:40:58 AM

exporting too much
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Lengas
Champion Author Gary

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Message Posted: Jul 25, 2013 5:40:48 AM

Prices still going up.
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Cebo
Champion Author Maryland

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Message Posted: Jul 25, 2013 5:40:20 AM

Okay
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kzrooster
Champion Author Kalamazoo

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Message Posted: Jul 25, 2013 5:39:06 AM

We must be using a lot less if things are getting that slow
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LuckyD43
Champion Author Long Island

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Message Posted: Jul 25, 2013 5:39:00 AM

It's also the fourth straight weekly increase of gas prices.
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TXGasPriceSpy
Champion Author Fort Worth

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Message Posted: Jul 25, 2013 5:38:00 AM

Not again!!
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BEngr
Champion Author Illinois

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Message Posted: Jul 25, 2013 5:37:18 AM

Do you smell a reason for speculators to drive up the price of crude oil.
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friday21
Champion Author Toronto

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Message Posted: Jul 25, 2013 5:36:32 AM

These reports are waste of time.
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Rick52
Champion Author Milwaukee

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Message Posted: Jul 25, 2013 5:35:50 AM

Bunch of BS...The refineries are trying to control the Prices..
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w4kh
Champion Author Tennessee

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Message Posted: Jul 25, 2013 5:34:23 AM

Gee.... 6/10 of one percent decline for gasoline inventories and 7/10 of one percent decline for crude oil inventories ought to be considered minimal, but speculators will mess with the numbers, some "expert" will declare the declines "massive" and pump prices will go up for no good reason.
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BEGTWO
Champion Author Maryland

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Message Posted: Jul 25, 2013 5:32:42 AM

If only the gas prices would
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P H
Champion Author Albany

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Message Posted: Jul 25, 2013 5:31:27 AM

Supply ahd Demand
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gabisgram
Champion Author Michigan

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Message Posted: Jul 25, 2013 5:31:12 AM

What matters is the price of gas.
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toolman3md
Champion Author Maryland

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Message Posted: Jul 25, 2013 5:29:48 AM

Yesterday's News.
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Z06KY
Champion Author Louisville

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Message Posted: Jul 25, 2013 5:29:41 AM

I don't pay attention anymore it's just a set up to raise prices.
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VernonOR
Champion Author Oregon

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Message Posted: Jul 25, 2013 5:28:02 AM

Companies that are in the fuel business will do whatever it takes to keep the price at the pump high.
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DrivingFool2
Champion Author Appleton

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Message Posted: Jul 25, 2013 5:22:51 AM

This is like Groundhogs Day, it happens over, and over, and over
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mazdaboy
Champion Author Portland

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Message Posted: Jul 25, 2013 5:21:15 AM

Looks like the oil industry is setting us up for another price hike.
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