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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...

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REPLIES (newest first) Post a Reply
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gasmask78
Champion Author Virginia

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Message Posted: Jan 14, 2014 11:44:20 PM

Idk.
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gasmask78
Champion Author Virginia

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Message Posted: Jan 14, 2014 11:44:01 PM

Hmmm
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gasmask78
Champion Author Virginia

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Message Posted: Jan 14, 2014 11:43:31 PM

Why is this important
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 25, 2013 8:12:30 AM

Merry Christmas to all GBs!
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honda0105
Champion Author Tallahassee

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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.
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2parrots
Champion Author Massachusetts

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Message Posted: Dec 23, 2013 7:42:28 AM

Right on fedupp.
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 23, 2013 5:52:17 AM

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

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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.
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HailstormCA
Champion Author San Diego

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Message Posted: Dec 19, 2013 10:25:15 PM

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

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Message Posted: Dec 19, 2013 7:07:24 AM

Completely agree wit fedupp.
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fedupp
Champion Author Cleveland

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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.
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WonderfulMI
Champion Author Michigan

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Message Posted: Dec 19, 2013 6:29:06 AM

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

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Message Posted: Dec 19, 2013 6:15:44 AM

Irrelevant.
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craigsf38
Champion Author Rochester

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Message Posted: Dec 19, 2013 6:12:45 AM

will this roller coaster ever stop?
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RamboOn66
Champion Author Tampa

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Message Posted: Dec 19, 2013 6:05:45 AM

Here we go, again.
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lorimarie36
Champion Author New York

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Message Posted: Dec 19, 2013 6:05:20 AM

New news please.
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Jeffro61
Champion Author Cleveland

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Message Posted: Dec 19, 2013 6:05:19 AM

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

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Message Posted: Dec 19, 2013 6:04:44 AM

Here we go again.
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fillerupyeoww
Champion Author Columbus

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Message Posted: Dec 19, 2013 6:04:33 AM

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

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Message Posted: Dec 19, 2013 6:04:04 AM

There we go
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VetteFan
Champion Author Indiana

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Message Posted: Dec 19, 2013 6:03:46 AM

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

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Message Posted: Dec 19, 2013 6:03:40 AM

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

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Message Posted: Dec 19, 2013 6:03:26 AM

Uh not!!!
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jflabbe96
Champion Author Pennsylvania

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Message Posted: Dec 19, 2013 6:02:28 AM

OK
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ShineRunner
Champion Author North Carolina

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Message Posted: Dec 19, 2013 6:01:28 AM

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

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Message Posted: Dec 19, 2013 6:00:51 AM

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

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Message Posted: Dec 19, 2013 5:58:09 AM

The weekly snore report.
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geneo56
Champion Author Arkansas

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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.
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N5EXY
Champion Author Austin

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Message Posted: Dec 19, 2013 5:54:45 AM

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

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Message Posted: Dec 19, 2013 5:53:36 AM

OK
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gabisgram
Champion Author Michigan

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Message Posted: Dec 19, 2013 5:52:53 AM

Gas price needs to drop more.
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unicornpmb
Champion Author Buffalo

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Message Posted: Dec 19, 2013 5:51:53 AM

Thanks for reporting.
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NJColt
Champion Author New Jersey

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Message Posted: Dec 19, 2013 5:51:14 AM

The weekly worthless report.
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friday21
Champion Author Toronto

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Message Posted: Dec 19, 2013 5:51:02 AM

Useless info
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sappie
Champion Author Massachusetts

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Message Posted: Dec 19, 2013 5:50:52 AM

bull,bull,bull
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Quick68
Champion Author Columbus

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Message Posted: Dec 19, 2013 5:49:30 AM

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

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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.
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jppezz
Champion Author New Mexico

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Message Posted: Dec 19, 2013 5:44:13 AM

Sounds like a price hike coming.
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mazdaboy
Champion Author Portland

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Message Posted: Dec 19, 2013 5:43:32 AM

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

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Message Posted: Dec 19, 2013 5:42:34 AM

Does this report really matter?
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epf
Champion Author Grand Rapids

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Message Posted: Dec 19, 2013 5:42:21 AM

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

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Message Posted: Dec 19, 2013 5:40:59 AM

ok
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Alderaan
Champion Author Greenville

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Message Posted: Dec 19, 2013 5:39:10 AM

Okay.
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roger1315
Champion Author North Carolina

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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.
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raccoon2011
Champion Author Massachusetts

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Message Posted: Dec 19, 2013 5:34:37 AM

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

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Message Posted: Dec 19, 2013 5:32:07 AM

huh, I never made the connection
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sent4456
Champion Author Toronto

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Message Posted: Dec 19, 2013 5:32:05 AM

Should the price drop?
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DanFMA
Champion Author Massachusetts

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Message Posted: Dec 19, 2013 5:28:12 AM

Now if the price would follow.
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gasandgoAL
Champion Author Alabama

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Message Posted: Dec 19, 2013 5:26:18 AM

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

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Message Posted: Dec 19, 2013 5:22:35 AM

Yet the price is not lower. Thanks barry
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Foxt
Champion Author Minnesota

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Message Posted: Dec 19, 2013 5:22:24 AM

There is actually a department with full time government jobs to report this once a week statement from the refineries?
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