Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:10 PM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA shows hefty declines in refined product inventories Back to Topics
PD

Moderator
Message Posted: Nov 6, 2013 10:43:00 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 increased by 1.6 million barrels to a total of 385.4 million barrels. At 385.4 million barrels, inventories are 10.6 million barrels above last year (2.8%) and are above the upper part of the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 3.8 million barrels to 210.0 million barrels. At 210.0 million barrels, inventories are up 7.7 million barrels, or 3.8% higher than one year ago. Here's how individual regions and their gasoline inventory fared last week: East...

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

Posts:22,638
Points:2,164,690
Joined:Nov 2008
Message Posted: Nov 9, 2013 6:50:59 AM

agrico: how do you figure that?
Profile Pic
agrico
Champion Author New Orleans

Posts:1,632
Points:992,130
Joined:Dec 2008
Message Posted: Nov 8, 2013 8:50:18 PM

good news if you have to buy gas
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,638
Points:2,164,690
Joined:Nov 2008
Message Posted: Nov 8, 2013 5:48:02 AM

the usual statistical lies ... yawn
Profile Pic
JFC
Champion Author Omaha

Posts:1,833
Points:512,700
Joined:Apr 2004
Message Posted: Nov 7, 2013 6:02:32 PM

still way ahead from last year ............
Profile Pic
bmsgolf
Champion Author Amarillo

Posts:4,431
Points:996,440
Joined:May 2011
Message Posted: Nov 7, 2013 2:52:11 PM

ok
Profile Pic
loboso
Champion Author Virginia Beach

Posts:1,657
Points:400,555
Joined:Sep 2013
Message Posted: Nov 7, 2013 11:04:11 AM

agreed why should we export we need to take care of home first

[Edited by: loboso at 11/7/2013 11:04:09 AM EST]
Profile Pic
fedupp
Champion Author Cleveland

Posts:4,890
Points:31,625
Joined:May 2013
Message Posted: Nov 7, 2013 9:42:40 AM

Oil went up $120.00 per barrel from march 20 2003 to july 2008-started at $25.00 a barrel and went all the way to $145.00--the highest price ever recorded,as a direct result of Cheney and Bush policy--it droped during the crash like most other commodities and came right back up with the market recovery---now it has settled out at the ridiculous price of around $100.00 a barrel-interestingly enough at that laughable price you can even make a profit spliting rocks open by pumping diesel and millions of gallons of water down empty holes for oil(fracking)even more interesting is Halliburton sells most of the supplies and materials for this way overpriced rock oil.And neither Cheney or Bush are candle makers-they are lifelong career oil men-you dont think that maybe that may have influenced their invasion of Iraq? No cant be it must all be Obama's fault,or maybe Carter(cant blame Clinton he kept oil below $25.00 per barrel for 8 years at one point it was $14.00 with help from his oil for food program in Iraq)
Profile Pic
85XJ
Champion Author Toledo

Posts:7,337
Points:1,715,090
Joined:Mar 2005
Message Posted: Nov 7, 2013 8:30:16 AM

Are the gasoline inventories down because the refineries are producing more heating oils for the winter months, and if this is the case, will some of that be diverted to diesel fuel and cause a price drop there?
Profile Pic
scu227
Champion Author New Haven

Posts:6,832
Points:1,325,730
Joined:Feb 2011
Message Posted: Nov 7, 2013 8:25:38 AM

MANIPULATION !!!!!

We need to stop exporting our production, then our inventories would rise due to lower demand and then prices would fall as they should have done already.

If they think we have more than enough in storage due to lower demand then prices should drop and not increase because our inventories are too low (which they are not).

Profile Pic
VMIJim
Champion Author Alabama

Posts:2,823
Points:656,675
Joined:Jan 2013
Message Posted: Nov 7, 2013 7:50:46 AM

I am skeptical of anything coming out of the Oblamer Administration after all the lies, coverups, scandals, & gross incompetence. The one certainy is that we working class taxpayers will continue to be screwed at the pump, with our utilities, & with our taxes to pay for Oblamer's entitlement spending. Stop this madness in 2014!
Profile Pic
radbadtz
Champion Author Halifax

Posts:1,898
Points:401,650
Joined:Jul 2013
Message Posted: Nov 7, 2013 7:13:16 AM

at least it gives people something to whine about
Profile Pic
dandvicb
Champion Author Bridgeport

Posts:2,895
Points:1,573,595
Joined:Jul 2004
Message Posted: Nov 7, 2013 7:06:54 AM

SPECULATORS
Profile Pic
BEngr
Champion Author Illinois

Posts:9,188
Points:2,125,885
Joined:May 2008
Message Posted: Nov 7, 2013 6:40:49 AM

I can't wait for the weekly report, its never boring.
Profile Pic
otherdave
Champion Author Indiana

Posts:5,858
Points:1,823,740
Joined:Oct 2008
Message Posted: Nov 7, 2013 6:18:32 AM

BOHICA!
Profile Pic
Edamon
Champion Author Montreal

Posts:1,354
Points:1,098,140
Joined:May 2010
Message Posted: Nov 7, 2013 6:07:11 AM

is anyone surprised?
Profile Pic
Petrock
Champion Author Lexington

Posts:11,568
Points:3,112,585
Joined:Apr 2005
Message Posted: Nov 7, 2013 6:06:39 AM

It really doesn't matter whether the inventories went up or down, this is just a good excuse to raise prices!!
Profile Pic
Alderaan
Champion Author Greenville

Posts:1,288
Points:389,845
Joined:Feb 2012
Message Posted: Nov 7, 2013 6:04:43 AM

Of course there are. Can't let the prices stay lower.
Profile Pic
DerTaubman
Champion Author Detroit

Posts:9,772
Points:2,084,645
Joined:Jun 2007
Message Posted: Nov 7, 2013 6:02:01 AM

Theres the excuse, prices up next.
Profile Pic
roadrunnerMO
Champion Author Kansas

Posts:10,861
Points:2,255,040
Joined:Jul 2008
Message Posted: Nov 7, 2013 6:01:43 AM

Prices will be going back up on gasoline...
Profile Pic
gsipper
Champion Author Indianapolis

Posts:2,468
Points:1,134,280
Joined:Dec 2010
Message Posted: Nov 7, 2013 5:59:52 AM

My inventory is down.
Profile Pic
chuckohio
Champion Author Columbus

Posts:3,522
Points:776,675
Joined:Aug 2012
Message Posted: Nov 7, 2013 5:59:01 AM

Okay
Profile Pic
minnesotagirl
Champion Author Milwaukee

Posts:8,225
Points:1,762,330
Joined:Oct 2009
Message Posted: Nov 7, 2013 5:57:25 AM

control the supply = control the prices
Profile Pic
LeeFree
Champion Author Pittsburgh

Posts:11,542
Points:2,789,050
Joined:Jun 2005
Message Posted: Nov 7, 2013 5:56:05 AM

I smell a halt to the lowering prices.
Profile Pic
AESJOBLOM4
Champion Author Florida

Posts:1,997
Points:801,165
Joined:Nov 2006
Message Posted: Nov 7, 2013 5:54:58 AM

BIG DEAL
Profile Pic
Mr Sixpence
Champion Author Michigan

Posts:2,379
Points:3,052,475
Joined:May 2004
Message Posted: Nov 7, 2013 5:54:30 AM

It must be nice having total control on the supply and be able to drive pump prices on a whim
Profile Pic
Jeffro61
Champion Author Cleveland

Posts:4,310
Points:2,760,270
Joined:Oct 2005
Message Posted: Nov 7, 2013 5:54:02 AM

This is useless Speculator news.
Profile Pic
Bill100
Champion Author Grand Rapids

Posts:45,123
Points:1,689,820
Joined:Jan 2010
Message Posted: Nov 7, 2013 5:53:31 AM

Does this then bode of higher prices?
Profile Pic
aburns20
Champion Author Virginia Beach

Posts:5,577
Points:1,214,695
Joined:Dec 2010
Message Posted: Nov 7, 2013 5:52:15 AM

Another way to get prices to go up.
Profile Pic
jppezz
Champion Author New Mexico

Posts:10,999
Points:2,245,165
Joined:Jun 2008
Message Posted: Nov 7, 2013 5:51:40 AM

Trying to drive prices up.
Profile Pic
fightbigoil71
Champion Author Milwaukee

Posts:9,925
Points:2,078,415
Joined:Nov 2008
Message Posted: Nov 7, 2013 5:51:27 AM

They want prices to rise
Profile Pic
mickeymike
Champion Author Pennsylvania

Posts:4,008
Points:862,930
Joined:Feb 2011
Message Posted: Nov 7, 2013 5:51:21 AM

Nother oldie!
Profile Pic
judgemobile
Champion Author Ohio

Posts:10,004
Points:2,999,760
Joined:Nov 2005
Message Posted: Nov 7, 2013 5:50:26 AM

figures can be MADE to lie, and liars can be PAID to figure.
Profile Pic
sappie
Champion Author Massachusetts

Posts:5,756
Points:1,129,140
Joined:Jul 2010
Message Posted: Nov 7, 2013 5:49:33 AM

good.keep lowering the price.
Profile Pic
HelenT
Champion Author Buffalo

Posts:5,372
Points:1,084,430
Joined:Apr 2004
Message Posted: Nov 7, 2013 5:49:15 AM

Contradictory report
Profile Pic
tigerhater
Champion Author Toronto

Posts:1,858
Points:445,750
Joined:Aug 2013
Message Posted: Nov 7, 2013 5:48:30 AM

they are reducing production to drive prices up.
Profile Pic
oas
Champion Author Maryland

Posts:6,661
Points:2,693,565
Joined:Feb 2005
Message Posted: Nov 7, 2013 5:48:16 AM

I thought inventories were up.
Profile Pic
ARMADA157
Champion Author Detroit

Posts:2,183
Points:519,480
Joined:Jun 2013
Message Posted: Nov 7, 2013 5:45:03 AM

Down one day, up the next.
Profile Pic
sent4456
Champion Author Toronto

Posts:3,694
Points:2,672,645
Joined:Mar 2006
Message Posted: Nov 7, 2013 5:43:07 AM

Gas price will be on the way up now, for sure.
Profile Pic
jacob5066
Champion Author College Station

Posts:4,282
Points:983,415
Joined:Feb 2012
Message Posted: Nov 7, 2013 5:42:59 AM

Whatever
Profile Pic
cheapertvs
Champion Author Richmond

Posts:12,806
Points:3,296,545
Joined:Jan 2004
Message Posted: Nov 7, 2013 5:42:51 AM

Nationalize the refineries as well as BIG OIL and then run this mess differently.
Profile Pic
RF4CPhantom
Champion Author Oklahoma City

Posts:14,054
Points:2,302,280
Joined:Feb 2008
Message Posted: Nov 7, 2013 5:41:17 AM

Just another reason for gas prices to go UP.
Profile Pic
gravie314
Champion Author South Carolina

Posts:2,567
Points:667,540
Joined:May 2008
Message Posted: Nov 7, 2013 5:41:15 AM

ok
Profile Pic
duane7810
Champion Author Illinois

Posts:2,639
Points:703,775
Joined:Dec 2010
Message Posted: Nov 7, 2013 5:40:52 AM

So prices will rise?
Profile Pic
djp071158
Champion Author Detroit

Posts:3,015
Points:836,645
Joined:May 2012
Message Posted: Nov 7, 2013 5:39:46 AM

Up, down, up, down... Does this really matter?
Profile Pic
Lengas
Champion Author Gary

Posts:16,141
Points:3,272,600
Joined:Nov 2004
Message Posted: Nov 7, 2013 5:39:32 AM

Big Oil Manipulation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Profile Pic
kirzon484
Champion Author Atlanta

Posts:4,212
Points:975,600
Joined:Jun 2011
Message Posted: Nov 7, 2013 5:37:45 AM

just like a yoyo
Profile Pic
roger1315
Champion Author North Carolina

Posts:3,044
Points:1,040,765
Joined:Feb 2011
Message Posted: Nov 7, 2013 5:34:28 AM

There goes that little bit of relief we gained.
Profile Pic
male
Champion Author Calgary

Posts:18,758
Points:3,766,995
Joined:May 2004
Message Posted: Nov 7, 2013 5:34:11 AM

oil is over valued along with the stock market
Profile Pic
2parrots
Champion Author Massachusetts

Posts:4,140
Points:899,835
Joined:May 2012
Message Posted: Nov 7, 2013 5:34:07 AM

Playing with the numbers
Profile Pic
Rightwinger
Champion Author Ontario

Posts:1,790
Points:493,765
Joined:Jul 2013
Message Posted: Nov 7, 2013 5:34:06 AM

Ok
Post a reply Back to Topics