Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:08 PM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA shows crude inventory decline continues, gasoline inventories rise Back to Topics
PD

Moderator
Message Posted: Dec 18, 2013 10:37:20 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 2.9 million barrels to a total of 372.3 million barrels. At 372.3 million barrels, inventories are 0.7 million barrels above last year (0.2%) and are above the upper part of the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories increased by 1.3 million barrels to 220.5 million barrels. At 220.5 million barrels, inventories are up 1.2 million barrels, or 0.5% 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
gasmask78
Champion Author Virginia

Posts:4,235
Points:883,215
Joined:Sep 2011
Message Posted: Jan 14, 2014 11:44:20 PM

Idk.
Profile Pic
gasmask78
Champion Author Virginia

Posts:4,235
Points:883,215
Joined:Sep 2011
Message Posted: Jan 14, 2014 11:44:01 PM

Hmmm
Profile Pic
gasmask78
Champion Author Virginia

Posts:4,235
Points:883,215
Joined:Sep 2011
Message Posted: Jan 14, 2014 11:43:31 PM

Why is this important
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,464
Points:2,113,115
Joined:Nov 2008
Message Posted: Dec 25, 2013 8:12:30 AM

Merry Christmas to all GBs!
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,464
Points:2,113,115
Joined:Nov 2008
Message Posted: Dec 24, 2013 5:54:31 AM

you're right fed. And we will pay the war debt while China and Russia laugh all the way to the bank.
Profile Pic
2parrots
Champion Author Massachusetts

Posts:4,004
Points:848,260
Joined:May 2012
Message Posted: Dec 23, 2013 7:42:28 AM

Right on fedupp.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,464
Points:2,113,115
Joined:Nov 2008
Message Posted: Dec 23, 2013 5:52:17 AM

yawn. The usual statistical lies. No relation to gas prices at the pump.
Profile Pic
fedupp
Champion Author Cleveland

Posts:4,460
Points:29,485
Joined:May 2013
Message Posted: Dec 20, 2013 1:43:39 PM

Crude oil most likley will never go below $90.00 per barrel ever again-at least for us---now China and Russia are not that stupid,they bought up Iraq's oil leases and get oil for a tiny fraction of that.
Profile Pic
HailstormCA
Champion Author San Diego

Posts:9,804
Points:1,898,345
Joined:Nov 2008
Message Posted: Dec 19, 2013 10:25:15 PM

So what's that really going to mean?
Profile Pic
prcoqui
Champion Author Maryland

Posts:5,406
Points:2,024,720
Joined:Dec 2006
Message Posted: Dec 19, 2013 7:07:24 AM

Completely agree wit fedupp.
Profile Pic
fedupp
Champion Author Cleveland

Posts:4,460
Points:29,485
Joined:May 2013
Message Posted: Dec 19, 2013 6:39:36 AM

You can't develop and extract oil that costs $70.00 per barrel(support cost)just to get out of the ground when $15.00 and $20.00 crude oil is flooding the world market-so in order to develop and extract north American crude oil(some of the most expensive oil on the planet)those resources must be taken out of the picture(Iraq war propaganda war on Venezuela and other oil rich nations)and the way commodities are traded must be changed(deregulated banking system)now after all of that is taken care of(and was by 2004)the world market price for a barrel of crude oil will naturally skyrocket---and after about $85.00 per barrel you can start making a profit off of north American frack,shale and tar leftovers---Increased north American oil production is the result of sky high world oil prices-NOT the answer to them---the prices had to be driven to this point,and now they will be kept at this point or higher.
Profile Pic
WonderfulMI
Champion Author Michigan

Posts:14,119
Points:2,289,895
Joined:Jun 2008
Message Posted: Dec 19, 2013 6:29:06 AM

Top off your gas tank before the price jumps 30 cents.
Profile Pic
Pointtx
Champion Author Austin

Posts:5,458
Points:1,200,100
Joined:Mar 2011
Message Posted: Dec 19, 2013 6:15:44 AM

Irrelevant.
Profile Pic
craigsf38
Champion Author Rochester

Posts:8,021
Points:2,013,630
Joined:Jun 2008
Message Posted: Dec 19, 2013 6:12:45 AM

will this roller coaster ever stop?
Profile Pic
RamboOn66
Champion Author Tampa

Posts:7,491
Points:2,367,490
Joined:Jan 2006
Message Posted: Dec 19, 2013 6:05:45 AM

Here we go, again.
Profile Pic
lorimarie36
Champion Author New York

Posts:1,216
Points:262,585
Joined:Sep 2013
Message Posted: Dec 19, 2013 6:05:20 AM

New news please.
Profile Pic
Jeffro61
Champion Author Cleveland

Posts:4,199
Points:2,712,520
Joined:Oct 2005
Message Posted: Dec 19, 2013 6:05:19 AM

What will the speculators do with this article.
Profile Pic
Sanpoil
Champion Author Spokane

Posts:3,707
Points:630,470
Joined:Jun 2012
Message Posted: Dec 19, 2013 6:04:44 AM

Here we go again.
Profile Pic
fillerupyeoww
Champion Author Columbus

Posts:8,184
Points:2,151,510
Joined:Mar 2008
Message Posted: Dec 19, 2013 6:04:33 AM

Inventories of any commodity are constantly changing.
Profile Pic
D4444J
Champion Author Albuquerque

Posts:4,091
Points:1,078,855
Joined:Aug 2011
Message Posted: Dec 19, 2013 6:04:04 AM

There we go
Profile Pic
VetteFan
Champion Author Indiana

Posts:11,318
Points:2,372,525
Joined:Aug 2005
Message Posted: Dec 19, 2013 6:03:46 AM

Not good if we want to keep prices going down.
Profile Pic
dc1552
Champion Author Virginia Beach

Posts:2,599
Points:1,081,775
Joined:Apr 2011
Message Posted: Dec 19, 2013 6:03:40 AM

Can't have the prices falling too much....
Profile Pic
luckyl
All-Star Author Halifax

Posts:605
Points:296,135
Joined:Jul 2006
Message Posted: Dec 19, 2013 6:03:26 AM

Uh not!!!
Profile Pic
jflabbe96
Champion Author Pennsylvania

Posts:1,085
Points:416,485
Joined:May 2012
Message Posted: Dec 19, 2013 6:02:28 AM

OK
Profile Pic
ShineRunner
Champion Author North Carolina

Posts:2,288
Points:777,480
Joined:Apr 2006
Message Posted: Dec 19, 2013 6:01:28 AM

Can't let the gas prices decline!!!
Profile Pic
Janetique
Champion Author Virginia Beach

Posts:3,076
Points:1,225,845
Joined:Jul 2008
Message Posted: Dec 19, 2013 6:00:51 AM

Still in the high end of the range!
Profile Pic
snky2k
Champion Author Indianapolis

Posts:2,993
Points:771,135
Joined:Mar 2012
Message Posted: Dec 19, 2013 5:58:09 AM

The weekly snore report.
Profile Pic
geneo56
Champion Author Arkansas

Posts:1,429
Points:603,275
Joined:Jan 2006
Message Posted: Dec 19, 2013 5:57:14 AM

Oil co's control prices on gas , no matter what they pay.
The government lets them & gives them tax breaks also.
Profile Pic
N5EXY
Champion Author Austin

Posts:7,818
Points:2,010,920
Joined:Jul 2004
Message Posted: Dec 19, 2013 5:54:45 AM

Lies and statistics. Much ado about nothing.
Profile Pic
Lengas
Champion Author Gary

Posts:16,013
Points:3,221,025
Joined:Nov 2004
Message Posted: Dec 19, 2013 5:53:36 AM

OK
Profile Pic
gabisgram
Champion Author Michigan

Posts:4,281
Points:1,358,445
Joined:Sep 2006
Message Posted: Dec 19, 2013 5:52:53 AM

Gas price needs to drop more.
Profile Pic
unicornpmb
Champion Author Buffalo

Posts:10,814
Points:2,130,845
Joined:Sep 2005
Message Posted: Dec 19, 2013 5:51:53 AM

Thanks for reporting.
Profile Pic
NJColt
Champion Author New Jersey

Posts:14,774
Points:3,133,725
Joined:Aug 2005
Message Posted: Dec 19, 2013 5:51:14 AM

The weekly worthless report.
Profile Pic
friday21
Champion Author Toronto

Posts:8,728
Points:1,136,215
Joined:Jul 2010
Message Posted: Dec 19, 2013 5:51:02 AM

Useless info
Profile Pic
sappie
Champion Author Massachusetts

Posts:5,641
Points:1,079,565
Joined:Jul 2010
Message Posted: Dec 19, 2013 5:50:52 AM

bull,bull,bull
Profile Pic
Quick68
Champion Author Columbus

Posts:11,441
Points:1,729,050
Joined:Dec 2009
Message Posted: Dec 19, 2013 5:49:30 AM

As long as the price keeps coming down.
Profile Pic
Petrock
Champion Author Lexington

Posts:11,453
Points:3,061,010
Joined:Apr 2005
Message Posted: Dec 19, 2013 5:47:13 AM

Pulling crude inventories down so they can jack up prices and make a little extra profit bump and the end of the year. There probably are tax incentives to reducing inventory at the end of the year also.
Profile Pic
jppezz
Champion Author New Mexico

Posts:10,882
Points:2,193,590
Joined:Jun 2008
Message Posted: Dec 19, 2013 5:44:13 AM

Sounds like a price hike coming.
Profile Pic
mazdaboy
Champion Author Portland

Posts:10,151
Points:2,590,285
Joined:Aug 2003
Message Posted: Dec 19, 2013 5:43:32 AM

Short term this report doesn't mean much.
Profile Pic
djp071158
Champion Author Detroit

Posts:2,909
Points:785,475
Joined:May 2012
Message Posted: Dec 19, 2013 5:42:34 AM

Does this report really matter?
Profile Pic
epf
Champion Author Grand Rapids

Posts:8,650
Points:2,391,045
Joined:May 2004
Message Posted: Dec 19, 2013 5:42:21 AM

like a yo-yo, meaningless to me.
Profile Pic
ddamac
All-Star Author Salt Lake City

Posts:603
Points:590,770
Joined:Jan 2010
Message Posted: Dec 19, 2013 5:40:59 AM

ok
Profile Pic
Alderaan
Champion Author Greenville

Posts:1,288
Points:389,845
Joined:Feb 2012
Message Posted: Dec 19, 2013 5:39:10 AM

Okay.
Profile Pic
roger1315
Champion Author North Carolina

Posts:2,929
Points:987,190
Joined:Feb 2011
Message Posted: Dec 19, 2013 5:35:55 AM

Inventories of both are higher than a year ago. Some of this statistical information is just hype.
Profile Pic
raccoon2011
Champion Author Massachusetts

Posts:3,719
Points:850,765
Joined:Aug 2011
Message Posted: Dec 19, 2013 5:34:37 AM

we are exporting more distillates and gas than we should
Profile Pic
Stevedog
Champion Author Michigan

Posts:5,112
Points:2,200,115
Joined:Jul 2006
Message Posted: Dec 19, 2013 5:32:07 AM

huh, I never made the connection
Profile Pic
sent4456
Champion Author Toronto

Posts:3,573
Points:2,621,070
Joined:Mar 2006
Message Posted: Dec 19, 2013 5:32:05 AM

Should the price drop?
Profile Pic
DanFMA
Champion Author Massachusetts

Posts:3,440
Points:1,574,965
Joined:Apr 2008
Message Posted: Dec 19, 2013 5:28:12 AM

Now if the price would follow.
Profile Pic
gasandgoAL
Champion Author Alabama

Posts:9,507
Points:2,092,420
Joined:Sep 2008
Message Posted: Dec 19, 2013 5:26:18 AM

to Foxt your tax payer money at work
Profile Pic
billy44bo
Champion Author Mobile

Posts:9,391
Points:1,984,550
Joined:Feb 2008
Message Posted: Dec 19, 2013 5:22:35 AM

Yet the price is not lower. Thanks barry
Post a reply Back to Topics