Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:26 AM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Gasoline supply increases as demand slackens after driving season Back to Topics
PD
Moderator
Message Posted: Sep 11, 2013 10:34:12 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 0.2 million barrels to a total of 360.0 million barrels. At 360.0 million barrels, inventories are 0.9 million barrels above last year (0.3%) and are near the upper constraint of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 1.7 million barrels to 217.6 million barrels. At 217.6 million barrels, inventories are up 19.9 million barrels, or 10.1% higher than one year ago. Here's how individual regions and their gasoline inventory fared last week: East Coast (-1.5mb...

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

Posts:24,027
Points:2,384,665
Joined:Nov 2008
Message Posted: Sep 16, 2013 5:54:51 AM

yawn... another "telling lies with statistics" episode.
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Sep 14, 2013 10:23:11 PM

Well, well now.
boileauj
All-Star Author Spokane

Posts:900
Points:459,730
Joined:Feb 2012
Message Posted: Sep 14, 2013 9:35:32 PM

The trend of increasing oil stocks and decreasing demand for imported oil needs to continue.
lyanMI
Champion Author Detroit

Posts:1,729
Points:729,185
Joined:May 2012
Message Posted: Sep 13, 2013 10:05:25 AM

still gas is expensive
mdcsgt
Champion Author South Carolina

Posts:2,124
Points:701,535
Joined:Feb 2013
Message Posted: Sep 12, 2013 5:18:08 PM

Yep, then WHY is Oil UP almost $1.50 a barrel today?? Gasoline wholesale is up almost 6 cents. INVENTORY NUMBERS MEAN NOTHING!!! All Speculation!! SYRIA is the NEW EXCUSE for high prices. Next month it will be Egypt again?? All this talk (BS) and I hadn't seen any kind of shortage in WORLD SUPPLIES?????
bston
Champion Author Oklahoma City

Posts:4,996
Points:1,414,900
Joined:Mar 2011
Message Posted: Sep 12, 2013 5:05:25 PM

Gas prices have been so high for such a long time that it has finally hurt people financially to the point that they can no longer maintain the standard of living they once had.
BBopp
Champion Author Dayton

Posts:9,710
Points:2,629,475
Joined:Dec 2006
Message Posted: Sep 12, 2013 4:29:21 PM

I hope this helps keeps the prices at the pump down.
jcVA
Champion Author Virginia Beach

Posts:1,900
Points:411,310
Joined:Aug 2008
Message Posted: Sep 12, 2013 2:55:10 PM

who cares anymore ...we are fuvjed
DanMtz
Champion Author Oakland

Posts:6,588
Points:2,018,365
Joined:Oct 2009
Message Posted: Sep 12, 2013 2:31:03 PM

And, as if on cue, we've got refinery problems again...
doctorindyj
Champion Author Santa Fe

Posts:5,239
Points:1,547,000
Joined:Nov 2009
Message Posted: Sep 12, 2013 11:10:53 AM

I'll wait and see if that translates into lower prices but I won't hold my breath.
fedupp
Champion Author Cleveland

Posts:7,093
Points:43,205
Joined:May 2013
Message Posted: Sep 12, 2013 9:46:22 AM

Oil prices need to be high in order to make frack and shale oil economically viable-world oil markets need to be maipulated in order to get crude oil to the laughable $80.00-$100.00+ per barrel range-this is a ten year old story,and exactly what happenes when you let oil men write our energy policy for oil men-and not for the American public.
scu227
Champion Author New Haven

Posts:8,623
Points:1,545,705
Joined:Feb 2011
Message Posted: Sep 12, 2013 9:05:42 AM

Dropped a couple of pennies here but nothing signficant. It's funnt how prices jump real fast when the manipulated supplies are declining but when they are on the increase they wait and wait looking for a new reason to push prices back up
D4444J
Champion Author Albuquerque

Posts:5,005
Points:1,349,020
Joined:Aug 2011
Message Posted: Sep 12, 2013 7:13:06 AM

Good
Grizdad
Champion Author Montana

Posts:8,848
Points:1,284,235
Joined:Oct 2010
Message Posted: Sep 12, 2013 7:04:32 AM

Not dropping here.
hoopitup2000
Champion Author Virginia

Posts:1,982
Points:614,060
Joined:Jul 2013
Message Posted: Sep 12, 2013 6:47:54 AM

Prices ARE dropping in some areas. 2 stations in southern Virginia are now under 3.00 & also seeing a slight decrease in metro DC area.
fedupp
Champion Author Cleveland

Posts:7,093
Points:43,205
Joined:May 2013
Message Posted: Sep 12, 2013 6:46:43 AM

Frack and shale oil are not economically viable if the price of crude is not sky high--a little reading on the subject will tell you that right away,the incredibly high extraction costs are only a small part of the actual costs to our environment and our infrastructure--and all of us will pay for these extra costs if we own a car or not.If you want to believe it or not cheaper affordable oil was shut off to us on march 20 2003 by neocon oil men,with war and lies-and China and Russia are very happily grabbing up the incredibly vast high quality ocean of cheap oil in Iraq,they are by-passing OPEC and world market prices by buying the leases and not the oil--a little reading on this will also tell you right away that cheap oil for us is a thing of the past--and dont believe the bs on how this is good for America--China and Russia gaining an ocean of cheap oil that our troops fought over,while we choke on $4.00gal gas is one of the worst things I can think of.China is also making deals in Iran and other middle east oil producing nations--
pitamon
Champion Author Philadelphia

Posts:7,472
Points:2,560,300
Joined:Sep 2004
Message Posted: Sep 12, 2013 6:33:22 AM

Don't worry, someone will cause the prices to raise, not drop.
WonderfulMI
Champion Author Michigan

Posts:15,067
Points:2,561,300
Joined:Jun 2008
Message Posted: Sep 12, 2013 6:24:45 AM

The oil companies will need to create a few refinery outages in order to support high prices.
muddawgs
Champion Author Mississippi

Posts:1,906
Points:419,965
Joined:May 2011
Message Posted: Sep 12, 2013 6:06:25 AM

AND PRICES CONTINUE TO GO UP
SO MUCH FOR THE OLD SUPPLY AND DEMAND CONCEPT
RIGHT OUT THE WINDOW WITH THAT ONE
icer06
Champion Author Huntsville

Posts:5,534
Points:1,196,805
Joined:Jan 2012
Message Posted: Sep 12, 2013 6:04:14 AM

And when do the gas prices start to drop?
devildog66
Champion Author Pennsylvania

Posts:3,730
Points:1,061,165
Joined:May 2012
Message Posted: Sep 12, 2013 6:02:49 AM

Do not worry, Obama will make sure the prices stay where they are at.
raccoon2011
Champion Author Massachusetts

Posts:4,632
Points:1,121,315
Joined:Aug 2011
Message Posted: Sep 12, 2013 6:02:20 AM

prices dropped 6 cents @ here
jdhelm
Champion Author Iowa

Posts:17,421
Points:1,961,590
Joined:Dec 2009
Message Posted: Sep 12, 2013 6:02:08 AM

ok
Nozzel
Champion Author Ontario

Posts:8,725
Points:2,557,720
Joined:Sep 2006
Message Posted: Sep 12, 2013 6:01:31 AM

OK
fillerupyeoww
Champion Author Columbus

Posts:9,003
Points:2,399,205
Joined:Mar 2008
Message Posted: Sep 12, 2013 6:01:20 AM

Good.. more for me.
Ferdman17
Champion Author Albany

Posts:4,327
Points:1,139,880
Joined:Feb 2012
Message Posted: Sep 12, 2013 6:00:21 AM

Still not helping
Jeffro61
Champion Author Cleveland

Posts:5,079
Points:2,971,625
Joined:Oct 2005
Message Posted: Sep 12, 2013 5:59:50 AM

How will the speculators twist this story around?
danny999
Champion Author Florida

Posts:11,960
Points:2,413,410
Joined:Oct 2008
Message Posted: Sep 12, 2013 5:59:33 AM

As usual station prices are overinflated compared to COMEX PRICE around 2.74 per gal.
maryanneusa
Champion Author Missouri

Posts:2,903
Points:653,465
Joined:Jun 2013
Message Posted: Sep 12, 2013 5:59:18 AM

ok
Beau2140
Champion Author New York

Posts:11,451
Points:2,416,710
Joined:Oct 2008
Message Posted: Sep 12, 2013 5:58:05 AM

The pump price should drop.
radbadtz
Champion Author Halifax

Posts:2,691
Points:621,245
Joined:Jul 2013
Message Posted: Sep 12, 2013 5:57:35 AM

lol
MopedTime
Champion Author Michigan

Posts:2,027
Points:928,955
Joined:Mar 2012
Message Posted: Sep 12, 2013 5:57:20 AM

Hope this will keep the gas price low.
jppezz
Champion Author New Mexico

Posts:11,801
Points:2,462,915
Joined:Jun 2008
Message Posted: Sep 12, 2013 5:57:14 AM

Supply and demand doesn't matter anymore.
palantir24
Champion Author Vermont

Posts:1,463
Points:494,935
Joined:Oct 2010
Message Posted: Sep 12, 2013 5:57:04 AM

Ok
OldBullhead
Champion Author New Mexico

Posts:2,589
Points:1,757,420
Joined:Nov 2008
Message Posted: Sep 12, 2013 5:55:53 AM

Bravo, HA4CNN - you nailed it!
swede
Champion Author Cleveland

Posts:5,905
Points:2,400,675
Joined:Feb 2003
Message Posted: Sep 12, 2013 5:55:48 AM

Then prices should be dropping.
chuckohio
Champion Author Columbus

Posts:4,264
Points:986,450
Joined:Aug 2012
Message Posted: Sep 12, 2013 5:55:43 AM

Oh well
hero4hire
Champion Author Chicago

Posts:1,831
Points:643,120
Joined:Jul 2013
Message Posted: Sep 12, 2013 5:54:56 AM

good
eightiesgod
Champion Author Ohio

Posts:5,706
Points:1,933,515
Joined:Oct 2008
Message Posted: Sep 12, 2013 5:53:47 AM

?
HA4CNN
Champion Author Toronto

Posts:8,622
Points:2,271,415
Joined:Dec 2006
Message Posted: Sep 12, 2013 5:53:42 AM

Useless info because supply and demand have been taken out of the equation.
vamike
Champion Author Virginia

Posts:8,210
Points:2,110,475
Joined:Dec 2008
Message Posted: Sep 12, 2013 5:53:30 AM

I guess these boring articles are what the people want to read that are always complaining that other stories aren't about gas prices.
rogerparry
Champion Author Florida

Posts:12,825
Points:2,687,880
Joined:Jan 2008
Message Posted: Sep 12, 2013 5:53:15 AM

Let's see some relief.
mberg
Champion Author Houston

Posts:7,065
Points:1,728,050
Joined:Aug 2010
Message Posted: Sep 12, 2013 5:52:56 AM

Interesting, especially in light of an economy that is really booming. At least around here.
sappie
Champion Author Massachusetts

Posts:6,265
Points:1,279,365
Joined:Jul 2010
Message Posted: Sep 12, 2013 5:52:02 AM

yup.and prices are still up.
humblepie
Champion Author Toledo

Posts:63,723
Points:3,148,595
Joined:Mar 2006
Message Posted: Sep 12, 2013 5:51:25 AM

another weekly speculators report
bikerWI
Champion Author Milwaukee

Posts:4,629
Points:1,646,090
Joined:Apr 2010
Message Posted: Sep 12, 2013 5:51:08 AM

No hurricanes to raise the prices this year.
LeeFree
Champion Author Pittsburgh

Posts:12,338
Points:3,009,025
Joined:Jun 2005
Message Posted: Sep 12, 2013 5:50:44 AM

Wow, I wonder if that will drop prices a few cents at the pump?
Rick52
Champion Author Milwaukee

Posts:15,628
Points:1,962,770
Joined:Mar 2005
Message Posted: Sep 12, 2013 5:50:31 AM

No shortage....No jobs....No Driving.... But more BS..
jacob5066
Champion Author College Station

Posts:5,083
Points:1,205,370
Joined:Feb 2012
Message Posted: Sep 12, 2013 5:46:31 AM

More numbers
WR-INC
Champion Author Twin Cities

Posts:43,949
Points:4,393,320
Joined:Dec 2002
Message Posted: Sep 12, 2013 5:46:25 AM

There still is no shortage.
Petrock
Champion Author Lexington

Posts:12,369
Points:3,332,560
Joined:Apr 2005
Message Posted: Sep 12, 2013 5:44:24 AM

Oh no! Crude oil inventories are down (still more than last year and high in the average range), it has to be time to raise gas prices!!!
Post a reply Back to Topics