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Author Topic: EIA data shows large decline in gasoline inventories Back to Topics
PD

Moderator
Message Posted: Aug 21, 2013 10:34:19 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 1.4 million barrels to a total of 359.1 million barrels. At 359.1 million barrels, inventories are 1.7 million barrels below last year (0.5%) and are near the upper constraint of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 4.0 million barrels to 218.4 million barrels. At 218.4 million barrels, inventories are up 15.7 million barrels, or 7.7% higher than one year ago. Here's how individual regions and their gasoline inventory fared last week: East Coast (-2.8mb...

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: Aug 25, 2013 12:55:42 AM

time: you bet.
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timewalker
Sophomore Author Indiana

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Message Posted: Aug 23, 2013 12:23:28 PM

Oil people certainly know how to play games with everyone else, don't they?
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52MPG
Champion Author Dayton

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Message Posted: Aug 22, 2013 1:17:21 PM

I would like to see a graph of the data.
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fedupp
Champion Author Cleveland

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Message Posted: Aug 22, 2013 8:11:59 AM

First of all you are blaming Obama for A scam that went down 5 years before he took office-fuel prices climbed steadily from 2003(Iraq war) $25.00per brl to crude oil's all time peak in the summer of 2008 at $145.00 per barrel.Some people seem to think some kind of magic took place in the fall of 2008 spring of 2009 that mysteriously W-Cheney during the peak of the worst market crash in 70 years(at least some of the crash was caused by A $120.00 per barrel increase in oil prices during the W-Cheney years)lowered oil prices? Oh yea! please tell me how,I would just love to hear the answer to this.The only time oil prices were down significantly in the last ten years was during the peak of the crash-period.And like most other comodities oil was cut in half-thats it nothing else.As soon as the market came back so did the price of oil.A switch took place from CHEAP oil from the middle east(with Iraq's oil off the market03-09 speculators went nuts)to extremely expensive American production---now our good friends China and Russia are set to get unimaginable wealth and power from Iraq's(and Iran,Kuait and others)incredible oil resources.Our extremely expensive to develop resources dont even come close to competing with that,and that is only the beginning of this terrible story.Thank god there were no ongoing lies,coverups,and scandals during W-Cheney years.W-Cheney did everything to control fuel,speculation/prices-they are both oil men,the invasion of Iraq was A dream come true for W-Cheney and most of our so called enemies-China and Russia dont play stupid games like we do.When they saw an opportunity in Iraq(A giant ocean of cheap oil)and took it.Now they have real power and we have empty frack wells and shale.Obama? I don't like him either-but he did not cause this problem,if you want to start blaming try the worst congress in hiostory for starters.
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VMIJim
Champion Author Alabama

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Message Posted: Aug 22, 2013 7:17:42 AM

Anything coming out of the Obama Administration should be considered as a smoke screen given the ongoing lies, coverups, & scandals throughout. The bottom line is that the Obama Administration has done nothing to control fuel speculation/prices, reduce our dependence on foreign fuels, or improve our economy. Obama's sole agenda is to cater to his tree hugging, stimulus sucking, union dominated, ultra liberal major contributors. As a result, we continue to be screwed at the pump, with our utilities, & with our taxes. Nothing will change as long as Obama is in office & controls the Senate. 2014 Elections are coming - stop this madness!!
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WVUtailgater
Champion Author Cleveland

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Message Posted: Aug 22, 2013 6:39:57 AM

this is not good
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bigLtowing
Champion Author Columbus

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Message Posted: Aug 22, 2013 6:13:05 AM

more greed at its best
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smqua
Champion Author Cleveland

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Message Posted: Aug 22, 2013 6:02:49 AM

Not a surprise
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biggyhy
Champion Author Milwaukee

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Message Posted: Aug 22, 2013 6:00:37 AM

makes no since to me! Oh I forgot greed and more money for the rich
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1Boog
Champion Author Lincoln

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Message Posted: Aug 22, 2013 5:59:29 AM

old news!
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devildog66
Champion Author Pennsylvania

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Message Posted: Aug 22, 2013 5:58:35 AM

If you do not refine it and usage remains constant supplies go down.
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FieroGT
Champion Author Twin Cities

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Message Posted: Aug 22, 2013 5:58:13 AM

Pump prices going up?
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mikejapan
Champion Author Virginia Beach

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Message Posted: Aug 22, 2013 5:58:04 AM

OK
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Zuman
Champion Author New York

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Message Posted: Aug 22, 2013 5:57:30 AM

Here we go agin.
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chuckohio
Champion Author Columbus

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Message Posted: Aug 22, 2013 5:54:45 AM

This gives them an incentive to raise prices.
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jppezz
Champion Author New Mexico

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Message Posted: Aug 22, 2013 5:53:45 AM

Time to raise the prices.
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61chev
Champion Author Ontario

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Message Posted: Aug 22, 2013 5:53:34 AM

OK
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Thomtec
Champion Author Nashville

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Message Posted: Aug 22, 2013 5:53:02 AM

Ok fine
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jeff95519
Champion Author California

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Message Posted: Aug 22, 2013 5:53:02 AM

will see
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ARMADA157
Champion Author Detroit

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Message Posted: Aug 22, 2013 5:52:56 AM

See Saw Both figures were up last week
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DanFMA
Champion Author Massachusetts

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Message Posted: Aug 22, 2013 5:51:43 AM

EIA bull.
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Jeffro61
Champion Author Cleveland

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Message Posted: Aug 22, 2013 5:51:21 AM

More news for speculators.
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AmynHH
Champion Author Houston

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Message Posted: Aug 22, 2013 5:50:19 AM

Trust me, there is enough gasoline!
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neptune2008
Champion Author Michigan

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Message Posted: Aug 22, 2013 5:50:17 AM

well sure....then what?
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Petrock
Champion Author Lexington

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Message Posted: Aug 22, 2013 5:50:00 AM

Both figures were up last week and are down this week. Maybe someone is tilting the results to help improve profits?
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gabisgram
Champion Author Michigan

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Message Posted: Aug 22, 2013 5:47:29 AM

Inventories down BUT STILL WAY UP from a year ago.
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jacob5066
Champion Author College Station

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Message Posted: Aug 22, 2013 5:47:19 AM

Just more EIA numbers
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BEngr
Champion Author Illinois

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Message Posted: Aug 22, 2013 5:43:50 AM

It looks like some companies have figured out how to make money exporting petroleum products.
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hawkman1950
Champion Author Michigan

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Message Posted: Aug 22, 2013 5:43:00 AM

Old news.
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kirzon484
Champion Author Atlanta

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Message Posted: Aug 22, 2013 5:41:17 AM

just like a yoyo
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epf
Champion Author Grand Rapids

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Message Posted: Aug 22, 2013 5:39:16 AM

Good question djp071158
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djp071158
Champion Author Detroit

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Message Posted: Aug 22, 2013 5:36:11 AM

What the heck does this all mean?
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SavingInNC
Champion Author North Carolina

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Message Posted: Aug 22, 2013 5:35:52 AM

10 cents is not large
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fillerupyeoww
Champion Author Columbus

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Message Posted: Aug 22, 2013 5:34:03 AM

negligible
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metrojeep
Champion Author Fort Worth

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Message Posted: Aug 22, 2013 5:33:12 AM

More numbers
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Beau2140
Champion Author New York

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Message Posted: Aug 22, 2013 5:31:44 AM

If gasoline inventories are up, the pump price should go down.
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StrangeLuv
Champion Author Kansas City

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Message Posted: Aug 22, 2013 5:31:35 AM

Only because they've shut it off.
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mrjames1818
Champion Author New Jersey

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Message Posted: Aug 22, 2013 5:31:32 AM

Inventories down AND prices down - sounds like someone missed a cue
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Alderaan
Champion Author Greenville

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Message Posted: Aug 22, 2013 5:31:28 AM

Decline? So they aren't ordering as much. Prices must not be high enough for them.
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Tru2psu2
Champion Author Winston-Salem

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Message Posted: Aug 22, 2013 5:29:27 AM

not good
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Foxt
Champion Author Minnesota

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Message Posted: Aug 22, 2013 5:24:27 AM

Must be exporting it. Don't think the American public went on a buying frenzy.And I sure don't think the oil companies cut back on production just to raise prices.
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humblepie
Champion Author Toledo

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Message Posted: Aug 22, 2013 5:22:28 AM

another useless report
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VB_Richard
Champion Author Virginia Beach

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Message Posted: Aug 22, 2013 5:20:35 AM

More information.
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toolman3md
Champion Author Maryland

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Message Posted: Aug 22, 2013 5:19:40 AM

Interesting
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74celica
Champion Author Columbus

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Message Posted: Aug 22, 2013 5:19:39 AM

hold on to your wallets
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charg3rguy1991
Champion Author Greensboro

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Message Posted: Aug 22, 2013 5:17:04 AM

Ok
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442Nut
Champion Author Massachusetts

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Message Posted: Aug 22, 2013 5:16:26 AM

prices will sky rocket
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rocknvox
Champion Author Bakersfield

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Message Posted: Aug 22, 2013 5:13:39 AM

i dreamed i had all the gas i needed. signedvc text deleted
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Bus936
Champion Author Lexington

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Message Posted: Aug 22, 2013 5:12:27 AM

Crooks and thieves can print and tell just what they want only.
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rocknvox
Champion Author Bakersfield

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Message Posted: Aug 22, 2013 5:11:18 AM

maybe a hostle takeover would be nice
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