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Author Topic: EIA shows inventories decline, still remain adequate Back to Topics
PD
Moderator
Message Posted: Aug 14, 2013 10:37:56 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 360.5 million barrels. At 360.5 million barrels, inventories are 5.7 million barrels below last year (1.5%) and are near the upper constraint of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 2.8 million barrels to 222.4 million barrels. At 222.4 million barrels, inventories are up 18.7 million barrels, or 9.2% higher than one year ago. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.4mb...

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

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Message Posted: Aug 22, 2013 5:53:55 AM

so true, W-Dan.
WanderDan
All-Star Author Dayton

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Message Posted: Aug 19, 2013 11:33:53 PM

makes no REAL difference
timewalker
Sophomore Author Indiana

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Points:663,000
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Message Posted: Aug 19, 2013 7:02:30 AM

Doing my best to use less. Hope everyone else is doing that, too.
Vette1967
Champion Author Albany

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Message Posted: Aug 19, 2013 12:31:09 AM

Keep on using less.
honda0105
Champion Author Tallahassee

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Message Posted: Aug 19, 2013 12:01:04 AM

EIA reports are a bunch of hogwash. No meaning...
timewalker
Sophomore Author Indiana

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Message Posted: Aug 16, 2013 7:04:36 AM

Exporting much of it too. Oil production here means little or nothing to the consumer.
RogerB
Champion Author Indianapolis

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Message Posted: Aug 16, 2013 1:25:15 AM

- Very Interesting . . . .








sydb7
Champion Author Atlanta

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Message Posted: Aug 15, 2013 6:19:33 PM

Prices remain high!
hibsaw
Champion Author Mississippi

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Message Posted: Aug 15, 2013 11:24:28 AM

Oops!! missed this yesterday.
Sneakers55
Champion Author Houston

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Message Posted: Aug 15, 2013 10:53:53 AM

On Aug 15, 2013 12:05:53 AM, TBONE3 wrote:

>Watch the prices start to climb. Labor Day approaches and prices climb.

No price climb here during Memorial Day weekend. No price climb here during Fourth of July weekend.

Hopefully, the same pricing will continue during Labor Day weekend!
audreylw
All-Star Author Boston

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Message Posted: Aug 15, 2013 7:51:16 AM

and gas price increases.
bikerWI
Champion Author Milwaukee

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Message Posted: Aug 15, 2013 6:04:02 AM

This is the lowest our gas has been compared to the national average.
chuckohio
Champion Author Columbus

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Message Posted: Aug 15, 2013 6:02:37 AM

That will push up the price of gas.
Ferdman17
Champion Author Albany

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Message Posted: Aug 15, 2013 6:00:56 AM

Still means nothing
cheapertvs
Champion Author Richmond

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Message Posted: Aug 15, 2013 6:00:47 AM

This is but another artificial decline since BIG OIL started exporting large quantities of refined gasoline.
Ringmaster2008
Champion Author Ontario

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Message Posted: Aug 15, 2013 5:59:58 AM

Another way to keep prices up
jppezz
Champion Author New Mexico

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Message Posted: Aug 15, 2013 5:57:47 AM

Letting inventories drop is a way of raising prices.
naw62
Champion Author Maine

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Message Posted: Aug 15, 2013 5:56:53 AM

Watchout for the EIA
Ray_10589
Champion Author New York

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Message Posted: Aug 15, 2013 5:56:47 AM

we need todrill more
Stevedog
Champion Author Michigan

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Message Posted: Aug 15, 2013 5:56:46 AM

we are going to switch to winter blend soon, so expect some shortages
jeff95519
Champion Author California

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Message Posted: Aug 15, 2013 5:55:50 AM

drill baby drill
hockey_24
Champion Author KW

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Message Posted: Aug 15, 2013 5:54:58 AM

dont let up thou
ovillaone
Champion Author Dallas

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Message Posted: Aug 15, 2013 5:52:53 AM

ok
grandpadon28110
Champion Author Charlotte

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Message Posted: Aug 15, 2013 5:51:53 AM

Keep drilling.
fillerupyeoww
Champion Author Columbus

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Message Posted: Aug 15, 2013 5:51:53 AM

Then why are pump prices up .30 overnight?
WR-INC
Champion Author Twin Cities

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Message Posted: Aug 15, 2013 5:49:33 AM

Sounds like there's enough.
GasholeMI
Champion Author Lansing

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Message Posted: Aug 15, 2013 5:49:26 AM

So will prices go up as a result?
oas
Champion Author Maryland

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Message Posted: Aug 15, 2013 5:46:21 AM

"adequate" -- why should there ever be concern?
Old Timer
Champion Author Akron

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Message Posted: Aug 15, 2013 5:44:58 AM

Sounds like it's about time for a price jump at the pump.
djp071158
Champion Author Detroit

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Message Posted: Aug 15, 2013 5:44:31 AM

Crude down from last year - at the upper end of average.
Gas up from last year.
My gas prices are 50-60 cents less than last year. Still high, but not as high as a year ago.
HEBster
Champion Author Kentucky

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Message Posted: Aug 15, 2013 5:43:25 AM

Prices stable around here...
Lengas
Champion Author Gary

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Message Posted: Aug 15, 2013 5:42:47 AM

Labor Day is coming.
fhcmedic
Champion Author North Carolina

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Message Posted: Aug 15, 2013 5:40:21 AM

Goodness, some of these stories are bringing me down from my pre-weekend high! Way to go 10 y/o boy who saved the day!
Toppers
Champion Author Atlanta

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Message Posted: Aug 15, 2013 5:39:49 AM

Got it
sappie
Champion Author Massachusetts

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Message Posted: Aug 15, 2013 5:38:49 AM

that's nice.
AvantiMick
Champion Author Indiana

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Message Posted: Aug 15, 2013 5:35:06 AM

Gas up!
FogCitySpotter
Champion Author San Francisco

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Message Posted: Aug 15, 2013 5:34:13 AM

Ok
LoopDaCorgi
Sophomore Author Augusta

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Message Posted: Aug 15, 2013 5:31:38 AM

Ok
Quick68
Champion Author Columbus

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Message Posted: Aug 15, 2013 5:31:28 AM

Crude oil inventories mean nothing. What must be stopped is the greed & corruption in Washington by our own lawmakers.
billybopWI
Champion Author Wisconsin

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Message Posted: Aug 15, 2013 5:31:21 AM

ok, what do you want me to say, we have just lost faith in these reports over time
sparkie951
Champion Author Roanoke

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Message Posted: Aug 15, 2013 5:31:14 AM

Need to get them back up... Keep the price down. Letting it fall is how the oil companies substantiate higher gas prices artificially.
epf
Champion Author Grand Rapids

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Message Posted: Aug 15, 2013 5:28:46 AM

Ditto to ClassicWheeler and mind boggling.
Zuman
Champion Author New York

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Message Posted: Aug 15, 2013 5:28:19 AM

Jut more crap.
ClassicWheeler
Champion Author Montgomery

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Message Posted: Aug 15, 2013 5:27:37 AM

This is still wacky economics as far as I can see.
snky2k
Champion Author Indianapolis

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Message Posted: Aug 15, 2013 5:25:01 AM

442Nut, we got ours yesterday.
442Nut
Champion Author Massachusetts

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Message Posted: Aug 15, 2013 5:23:43 AM

time for a price spike
SavingInNC
Champion Author North Carolina

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Message Posted: Aug 15, 2013 5:23:19 AM

Good
Bus936
Champion Author Lexington

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Message Posted: Aug 15, 2013 5:23:11 AM

My goodness, a weekly propaganda report. Who in their right mind believes anything this morons say?
jacob5066
Champion Author College Station

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Message Posted: Aug 15, 2013 5:22:13 AM

"Adequate" is not a positive word....
F22Raptor
Champion Author Los Angeles

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Message Posted: Aug 15, 2013 5:21:35 AM

Meh.
kirzon484
Champion Author Atlanta

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Message Posted: Aug 15, 2013 5:21:05 AM

old story
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