Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:48 PM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
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
Profile Pic
cwashi3324
Champion Author Cincinnati

Posts:3,509
Points:734,770
Joined:May 2009
Message Posted: Jul 25, 2013 11:16:45 PM

They're lying!
Profile Pic
kiholt
Rookie Author Kalamazoo

Posts:83
Points:1,960
Joined:Jan 2012
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 !
Profile Pic
lgwhitlock
Champion Author Chico

Posts:9,159
Points:2,257,225
Joined:Jun 2008
Message Posted: Jul 25, 2013 12:18:44 PM

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

Posts:5,305
Points:33,845
Joined:May 2013
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.
Profile Pic
williamcabot
Champion Author San Diego

Posts:4,906
Points:913,725
Joined:Mar 2010
Message Posted: Jul 25, 2013 10:24:51 AM

Another reason to raise gasoline prices.
Profile Pic
OldMan322
Champion Author Illinois

Posts:9,747
Points:2,194,580
Joined:Jul 2008
Message Posted: Jul 25, 2013 10:10:36 AM

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

Posts:3,280
Points:843,345
Joined:Mar 2012
Message Posted: Jul 25, 2013 7:12:23 AM

very crude
Profile Pic
sydb7
Champion Author Atlanta

Posts:5,381
Points:2,433,045
Joined:Mar 2003
Message Posted: Jul 25, 2013 7:10:56 AM

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

Posts:6,816
Points:2,739,940
Joined:Feb 2005
Message Posted: Jul 25, 2013 6:39:26 AM

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

Posts:7,428
Points:1,612,540
Joined:Oct 2006
Message Posted: Jul 25, 2013 6:06:02 AM

Look out prices
Profile Pic
bikerWI
Champion Author Milwaukee

Posts:3,995
Points:1,475,940
Joined:Apr 2010
Message Posted: Jul 25, 2013 6:05:54 AM

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

Posts:15,418
Points:2,044,385
Joined:Apr 2009
Message Posted: Jul 25, 2013 6:05:50 AM

Great excuse for oil pimps.
Profile Pic
fillerupyeoww
Champion Author Columbus

Posts:8,453
Points:2,249,235
Joined:Mar 2008
Message Posted: Jul 25, 2013 6:02:20 AM

Typical summer drawdown.
Profile Pic
nozzle46
Champion Author Little Rock

Posts:8,422
Points:1,928,225
Joined:Jul 2006
Message Posted: Jul 25, 2013 6:00:38 AM

Usual summer news.
Profile Pic
afghaned
Champion Author Ottawa

Posts:15,247
Points:1,886,690
Joined:May 2004
Message Posted: Jul 25, 2013 5:58:18 AM

IT'S SUMMER!!!
Profile Pic
Jeffro61
Champion Author Cleveland

Posts:4,459
Points:2,805,395
Joined:Oct 2005
Message Posted: Jul 25, 2013 5:58:15 AM

Good news for speculators.
Profile Pic
duane7810
Champion Author Illinois

Posts:2,759
Points:745,685
Joined:Dec 2010
Message Posted: Jul 25, 2013 5:56:42 AM

Why are we exporting???
Profile Pic
kirzon484
Champion Author Atlanta

Posts:4,357
Points:1,022,525
Joined:Jun 2011
Message Posted: Jul 25, 2013 5:56:30 AM

just like a yoyo
Profile Pic
ou812again
Champion Author Cincinnati

Posts:5,848
Points:1,250,810
Joined:Apr 2011
Message Posted: Jul 25, 2013 5:56:09 AM

old
Profile Pic
Petrock
Champion Author Lexington

Posts:11,718
Points:3,158,735
Joined:Apr 2005
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!
Profile Pic
cheapertvs
Champion Author Richmond

Posts:12,963
Points:3,342,695
Joined:Jan 2004
Message Posted: Jul 25, 2013 5:55:22 AM

Its going the wrong way!
Profile Pic
AvantiMick
Champion Author Indiana

Posts:15,266
Points:3,133,010
Joined:Dec 2005
Message Posted: Jul 25, 2013 5:54:55 AM

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

Posts:2,759
Points:745,685
Joined:Dec 2010
Message Posted: Jul 25, 2013 5:54:37 AM

Yup! OIL UP!!!
Profile Pic
jeff95519
Champion Author California

Posts:4,976
Points:1,951,845
Joined:Sep 2008
Message Posted: Jul 25, 2013 5:54:21 AM

drill baby drill
Profile Pic
BigBearHug
Champion Author Amarillo

Posts:4,775
Points:1,079,185
Joined:Dec 2011
Message Posted: Jul 25, 2013 5:52:02 AM

oil up
Profile Pic
Ratso
Champion Author Ohio

Posts:22,900
Points:3,280,945
Joined:Sep 2003
Message Posted: Jul 25, 2013 5:52:02 AM

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

Posts:10,679
Points:2,243,480
Joined:Sep 2008
Message Posted: Jul 25, 2013 5:51:58 AM

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

Posts:3,454
Points:865,980
Joined:Jul 2011
Message Posted: Jul 25, 2013 5:51:47 AM

Stop exporting oil to China!
Profile Pic
neptune2008
Champion Author Michigan

Posts:10,285
Points:2,188,435
Joined:Aug 2008
Message Posted: Jul 25, 2013 5:49:49 AM

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

Posts:43,114
Points:4,220,495
Joined:Dec 2002
Message Posted: Jul 25, 2013 5:49:09 AM

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

Posts:57,310
Points:2,973,545
Joined:Mar 2006
Message Posted: Jul 25, 2013 5:47:57 AM

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

Posts:860
Points:204,350
Joined:Apr 2013
Message Posted: Jul 25, 2013 5:42:34 AM

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

Posts:3,984
Points:947,490
Joined:Aug 2011
Message Posted: Jul 25, 2013 5:40:58 AM

exporting too much
Profile Pic
Lengas
Champion Author Gary

Posts:16,294
Points:3,318,750
Joined:Nov 2004
Message Posted: Jul 25, 2013 5:40:48 AM

Prices still going up.
Profile Pic
Cebo
Champion Author Maryland

Posts:2,730
Points:759,165
Joined:Oct 2012
Message Posted: Jul 25, 2013 5:40:20 AM

Okay
Profile Pic
kzrooster
Champion Author Kalamazoo

Posts:4,845
Points:1,110,885
Joined:Nov 2011
Message Posted: Jul 25, 2013 5:39:06 AM

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

Posts:41,915
Points:2,751,180
Joined:Apr 2005
Message Posted: Jul 25, 2013 5:39:00 AM

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

Posts:10,420
Points:2,067,900
Joined:Sep 2008
Message Posted: Jul 25, 2013 5:38:00 AM

Not again!!
Profile Pic
BEngr
Champion Author Illinois

Posts:9,353
Points:2,172,715
Joined:May 2008
Message Posted: Jul 25, 2013 5:37:18 AM

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

Posts:9,102
Points:1,231,695
Joined:Jul 2010
Message Posted: Jul 25, 2013 5:36:32 AM

These reports are waste of time.
Profile Pic
Rick52
Champion Author Milwaukee

Posts:14,940
Points:1,790,015
Joined:Mar 2005
Message Posted: Jul 25, 2013 5:35:50 AM

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

Posts:14,252
Points:2,828,515
Joined:May 2004
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.
Profile Pic
BEGTWO
Champion Author Maryland

Posts:4,123
Points:1,281,395
Joined:Sep 2010
Message Posted: Jul 25, 2013 5:32:42 AM

If only the gas prices would
Profile Pic
P H
Champion Author Albany

Posts:66,721
Points:3,008,280
Joined:Jan 2004
Message Posted: Jul 25, 2013 5:31:27 AM

Supply ahd Demand
Profile Pic
gabisgram
Champion Author Michigan

Posts:4,383
Points:1,396,115
Joined:Sep 2006
Message Posted: Jul 25, 2013 5:31:12 AM

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

Posts:2,871
Points:941,070
Joined:Apr 2012
Message Posted: Jul 25, 2013 5:29:48 AM

Yesterday's News.
Profile Pic
Z06KY
Champion Author Louisville

Posts:7,772
Points:1,504,340
Joined:Nov 2010
Message Posted: Jul 25, 2013 5:29:41 AM

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

Posts:5,362
Points:1,313,505
Joined:Aug 2010
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.
Profile Pic
DrivingFool2
Champion Author Appleton

Posts:11,231
Points:2,197,535
Joined:Apr 2005
Message Posted: Jul 25, 2013 5:22:51 AM

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

Posts:10,401
Points:2,681,335
Joined:Aug 2003
Message Posted: Jul 25, 2013 5:21:15 AM

Looks like the oil industry is setting us up for another price hike.
Post a reply Back to Topics