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Author Topic: Gasoline, crude oil inventories jump along with refinery utilization: EIA Back to Topics
PD

Moderator
Message Posted: Nov 27, 2013 10:46:33 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 3.0 million barrels to a total of 391.4 million barrels. At 391.4 million barrels, inventories are 17.3 million barrels above last year (4.6%) and are above the upper part of the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories increased by 1.8 million barrels to 210.6 million barrels. At 210.6 million barrels, inventories are up 6.3 million barrels, or 3.1% 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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gravityhurts
Champion Author North Carolina

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Message Posted: Nov 29, 2013 7:53:11 AM

Good
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BM4225
Champion Author Atlanta

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Message Posted: Nov 28, 2013 4:31:37 PM

There is a floor on the cost to produce oil & natural gas, and no one can sell for less than that cost. So giving that take on matters gas at the pumps can only go so low. As pipelines are built, it will take some movements from rails, but it can not handle all of it. Rails right now cannot handle all that is produced.
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Jeff4U
Champion Author Atlanta

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Message Posted: Nov 28, 2013 12:49:41 PM

The consumer gains nothing from this positive news.
The price at the pump went up again.
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032946
Champion Author Twin Cities

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Message Posted: Nov 28, 2013 12:15:11 PM

The price of a barrel of oil has gone down for the last three days and the price has yet to follow. The oil companies never miss a chance to gouge us.
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sparkie951
Champion Author Roanoke

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Message Posted: Nov 28, 2013 9:46:16 AM

That means the price should go down.
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OilHo
Champion Author Ontario

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Message Posted: Nov 28, 2013 8:52:26 AM

My price went up.
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dieselgus1
Champion Author Montana

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Message Posted: Nov 28, 2013 7:32:13 AM

useless reports
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OilerFan
Champion Author Tulsa

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Message Posted: Nov 28, 2013 7:03:47 AM

it would seem like price would come down a little.
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bwolfsohn
Champion Author Miami

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Message Posted: Nov 28, 2013 7:02:08 AM

then why has the price of gas gone up 15 cents in the past 10 days.
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DarthDadJr
Champion Author Virginia

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Message Posted: Nov 28, 2013 7:01:15 AM

Price have been rising in VA recently and I'm not sure why...
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tigerhater
Champion Author Toronto

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Message Posted: Nov 28, 2013 7:00:37 AM

good news
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mrme
Champion Author Maryland

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Message Posted: Nov 28, 2013 7:00:31 AM

prices?
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WILLCALLUT
All-Star Author Utah

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Message Posted: Nov 28, 2013 7:00:20 AM

We have all the oil we'll ever need
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OOXXFF
Champion Author Greensboro

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Message Posted: Nov 28, 2013 7:00:11 AM

So, when may we see lower prices at the pump?
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vamike
Champion Author Virginia

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Message Posted: Nov 28, 2013 6:59:51 AM

Yawn
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FNB1967
Champion Author Ontario

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Message Posted: Nov 28, 2013 6:59:36 AM

Old
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w4kh
Champion Author Tennessee

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Message Posted: Nov 28, 2013 6:59:33 AM

when the inventory levels move, whether up or down, by less than 1%, it hardly calls for "JUMP" or "FALL"... these fluctuations are little more than ripples
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wilsmoke
Champion Author Albany

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Message Posted: Nov 28, 2013 6:59:22 AM

ok
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Gassed01
Champion Author Toronto

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Message Posted: Nov 28, 2013 6:59:00 AM

Should mean lower prices. Ours are higher than last year. Big Oil profiteering!
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georged12
Champion Author Michigan

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Message Posted: Nov 28, 2013 6:57:45 AM

More rhetoric. Bring down the price at the pumps!!!
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FBI2991
Champion Author Michigan

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Message Posted: Nov 28, 2013 6:55:45 AM

So, why is gas so high. It starts down and then back up. Now coming down a little. Way too high!
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Stevedog
Champion Author Michigan

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Message Posted: Nov 28, 2013 6:53:51 AM

that's a nice read to put me back to sleep
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cheapertvs
Champion Author Richmond

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Message Posted: Nov 28, 2013 6:52:35 AM

But when will the price at the pump drop?
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isem
Champion Author Missouri

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Message Posted: Nov 28, 2013 6:52:16 AM

We need additional infrastructure to transport crude, refine it, store the end product, and deliver it to the end user.
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TxMtb
Champion Author Ohio

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Message Posted: Nov 28, 2013 6:50:54 AM

Glad they have it going on an uphill swing.
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cj67
Rookie Author Utah

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Message Posted: Nov 28, 2013 6:50:54 AM

build more refineries!
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Wierbe
Champion Author Cincinnati

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Message Posted: Nov 28, 2013 6:50:50 AM

Great. This means my pump price will be lower when I head out today. Right?
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subnuke
Champion Author Atlanta

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Message Posted: Nov 28, 2013 6:50:28 AM

I am thankful that we are in the best country in the world. Get that obuma?
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BazooQC
Champion Author Montreal

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Message Posted: Nov 28, 2013 6:48:53 AM

Oil glut and
Gas price glut!
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QueenMother
Champion Author New Hampshire

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Message Posted: Nov 28, 2013 6:48:16 AM

Ok
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Fitwit
Champion Author Stockton

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Message Posted: Nov 28, 2013 6:47:11 AM

I thank God for the founding fathers of this country
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Ziggy1962
Champion Author New Jersey

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Message Posted: Nov 28, 2013 6:46:31 AM

Prices are still high!!
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fordfan1
Champion Author Indiana

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Message Posted: Nov 28, 2013 6:44:00 AM

This is good news!!! I only wish that the price at the pump would reflect this!!!!!
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AESJOBLOM4
Champion Author Florida

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Message Posted: Nov 28, 2013 6:43:34 AM

CARRY ON
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lsb1955
Champion Author Salt Lake City

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Message Posted: Nov 28, 2013 6:43:31 AM

prices should be lower
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jacob5066
Champion Author College Station

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Message Posted: Nov 28, 2013 6:41:29 AM

Typical cycle.
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bad_sailor
Champion Author London

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Message Posted: Nov 28, 2013 6:41:00 AM

And prices are still high.
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cigarman409
Champion Author Massachusetts

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Message Posted: Nov 28, 2013 6:40:52 AM

ok
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Z34
Champion Author Toronto

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Message Posted: Nov 28, 2013 6:40:35 AM

pump prices aren't moving down!
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dhawk24
Champion Author Maine

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Message Posted: Nov 28, 2013 6:39:35 AM

Doing nothing for the price at the pump.
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FocusFree
Champion Author Ottawa

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Message Posted: Nov 28, 2013 6:39:10 AM

Prices for the consumer are really lagging this trend.
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MetroMeister
Champion Author New Hampshire

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Message Posted: Nov 28, 2013 6:38:33 AM

Not one word about plans for building NEW REFINERIES...our present refineries are aged and can't seem to keep up, not a good scenario!
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SavingInNC
Champion Author North Carolina

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Message Posted: Nov 28, 2013 6:36:59 AM

Price should go down
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ldb002
Veteran Author Arkansas

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Message Posted: Nov 28, 2013 6:35:53 AM

ok
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biggyhy
Champion Author Milwaukee

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Message Posted: Nov 28, 2013 6:34:27 AM

And when do we see lower prices. Prices have gone up last couple weeks??????
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ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Nov 28, 2013 6:32:19 AM

Meaningless short term data
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racerdj
Champion Author Indianapolis

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Message Posted: Nov 28, 2013 6:31:09 AM

And so it goes on and on.
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jimraehl
Champion Author Utah

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Message Posted: Nov 28, 2013 6:30:37 AM

Standard report
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sappie
Champion Author Massachusetts

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Message Posted: Nov 28, 2013 6:28:26 AM

yes and so did the price.
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KrsnaDragon
Champion Author Montreal

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Message Posted: Nov 28, 2013 6:26:31 AM

Interesting report.
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