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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...

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REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Nov 9, 2013 6:50:59 AM

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

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Message Posted: Nov 8, 2013 8:50:18 PM

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

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Message Posted: Nov 8, 2013 5:48:02 AM

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

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Message Posted: Nov 7, 2013 6:02:32 PM

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

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Message Posted: Nov 7, 2013 2:52:11 PM

ok
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loboso
All-Star Author Virginia Beach

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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]
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fedupp
Champion Author Cleveland

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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)
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85XJ
Champion Author Toledo

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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?
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scu227
Champion Author New Haven

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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).

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VMIJim
Champion Author Alabama

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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!
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radbadtz
Champion Author Halifax

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Message Posted: Nov 7, 2013 7:13:16 AM

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

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Message Posted: Nov 7, 2013 7:06:54 AM

SPECULATORS
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BEngr
Champion Author Illinois

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Message Posted: Nov 7, 2013 6:40:49 AM

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

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Message Posted: Nov 7, 2013 6:18:32 AM

BOHICA!
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Edamon
Champion Author Montreal

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Message Posted: Nov 7, 2013 6:07:11 AM

is anyone surprised?
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Petrock
Champion Author Lexington

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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!!
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Alderaan
Champion Author Greenville

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Message Posted: Nov 7, 2013 6:04:43 AM

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

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Message Posted: Nov 7, 2013 6:02:01 AM

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

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Message Posted: Nov 7, 2013 6:01:43 AM

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

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Message Posted: Nov 7, 2013 5:59:52 AM

My inventory is down.
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chuckohio
Champion Author Columbus

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Message Posted: Nov 7, 2013 5:59:01 AM

Okay
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minnesotagirl
Champion Author Milwaukee

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Message Posted: Nov 7, 2013 5:57:25 AM

control the supply = control the prices
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LeeFree
Champion Author Pittsburgh

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Message Posted: Nov 7, 2013 5:56:05 AM

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

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Message Posted: Nov 7, 2013 5:54:58 AM

BIG DEAL
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Mr Sixpence
Champion Author Michigan

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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
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Jeffro61
Champion Author Cleveland

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Message Posted: Nov 7, 2013 5:54:02 AM

This is useless Speculator news.
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Bill100
Champion Author Grand Rapids

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Message Posted: Nov 7, 2013 5:53:31 AM

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

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Message Posted: Nov 7, 2013 5:52:15 AM

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

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Message Posted: Nov 7, 2013 5:51:40 AM

Trying to drive prices up.
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fightbigoil71
Champion Author Milwaukee

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Message Posted: Nov 7, 2013 5:51:27 AM

They want prices to rise
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mickeymike
Champion Author Pennsylvania

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Message Posted: Nov 7, 2013 5:51:21 AM

Nother oldie!
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judgemobile
Champion Author Ohio

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Message Posted: Nov 7, 2013 5:50:26 AM

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

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Message Posted: Nov 7, 2013 5:49:33 AM

good.keep lowering the price.
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HelenT
Champion Author Buffalo

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Message Posted: Nov 7, 2013 5:49:15 AM

Contradictory report
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tigerhater
Champion Author Toronto

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Message Posted: Nov 7, 2013 5:48:30 AM

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

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Message Posted: Nov 7, 2013 5:48:16 AM

I thought inventories were up.
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ARMADA157
Champion Author Detroit

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Message Posted: Nov 7, 2013 5:45:03 AM

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

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Message Posted: Nov 7, 2013 5:43:07 AM

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

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Message Posted: Nov 7, 2013 5:42:59 AM

Whatever
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cheapertvs
Champion Author Richmond

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Message Posted: Nov 7, 2013 5:42:51 AM

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

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Message Posted: Nov 7, 2013 5:41:17 AM

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

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Message Posted: Nov 7, 2013 5:41:15 AM

ok
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duane7810
Champion Author Illinois

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Message Posted: Nov 7, 2013 5:40:52 AM

So prices will rise?
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djp071158
Champion Author Detroit

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Message Posted: Nov 7, 2013 5:39:46 AM

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

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Message Posted: Nov 7, 2013 5:39:32 AM

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

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Message Posted: Nov 7, 2013 5:37:45 AM

just like a yoyo
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roger1315
Champion Author North Carolina

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Message Posted: Nov 7, 2013 5:34:28 AM

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

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Message Posted: Nov 7, 2013 5:34:11 AM

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

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Message Posted: Nov 7, 2013 5:34:07 AM

Playing with the numbers
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Rightwinger
Champion Author Ontario

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Message Posted: Nov 7, 2013 5:34:06 AM

Ok
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