Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:22 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
gasmask78
Champion Author Virginia

Posts:4,943
Points:1,132,050
Joined:Sep 2011
Message Posted: Jan 14, 2014 11:44:20 PM

Idk.
gasmask78
Champion Author Virginia

Posts:4,943
Points:1,132,050
Joined:Sep 2011
Message Posted: Jan 14, 2014 11:44:01 PM

Hmmm
gasmask78
Champion Author Virginia

Posts:4,943
Points:1,132,050
Joined:Sep 2011
Message Posted: Jan 14, 2014 11:43:31 PM

Why is this important
honda0105
Champion Author Tallahassee

Posts:24,330
Points:2,442,140
Joined:Nov 2008
Message Posted: Dec 25, 2013 8:12:30 AM

Merry Christmas to all GBs!
honda0105
Champion Author Tallahassee

Posts:24,330
Points:2,442,140
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.
2parrots
Champion Author Massachusetts

Posts:5,154
Points:1,181,445
Joined:May 2012
Message Posted: Dec 23, 2013 7:42:28 AM

Right on fedupp.
honda0105
Champion Author Tallahassee

Posts:24,330
Points:2,442,140
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.
fedupp
Champion Author Cleveland

Posts:7,452
Points:45,065
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.
HailstormCA
Champion Author San Diego

Posts:10,721
Points:2,173,760
Joined:Nov 2008
Message Posted: Dec 19, 2013 10:25:15 PM

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

Posts:5,843
Points:2,189,000
Joined:Dec 2006
Message Posted: Dec 19, 2013 7:07:24 AM

Completely agree wit fedupp.
fedupp
Champion Author Cleveland

Posts:7,452
Points:45,065
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.
WonderfulMI
Champion Author Michigan

Posts:15,230
Points:2,622,575
Joined:Jun 2008
Message Posted: Dec 19, 2013 6:29:06 AM

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

Posts:6,433
Points:1,515,875
Joined:Mar 2011
Message Posted: Dec 19, 2013 6:15:44 AM

Irrelevant.
craigsf38
Champion Author Rochester

Posts:9,088
Points:2,332,055
Joined:Jun 2008
Message Posted: Dec 19, 2013 6:12:45 AM

will this roller coaster ever stop?
RamboOn66
Champion Author Tampa

Posts:8,473
Points:2,659,085
Joined:Jan 2006
Message Posted: Dec 19, 2013 6:05:45 AM

Here we go, again.
lorimarie36
Champion Author New York

Posts:1,226
Points:269,335
Joined:Sep 2013
Message Posted: Dec 19, 2013 6:05:20 AM

New news please.
Jeffro61
Champion Author Cleveland

Posts:5,195
Points:3,015,170
Joined:Oct 2005
Message Posted: Dec 19, 2013 6:05:19 AM

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

Posts:4,926
Points:940,475
Joined:Jun 2012
Message Posted: Dec 19, 2013 6:04:44 AM

Here we go again.
fillerupyeoww
Champion Author Columbus

Posts:9,003
Points:2,399,205
Joined:Mar 2008
Message Posted: Dec 19, 2013 6:04:33 AM

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

Posts:5,160
Points:1,387,495
Joined:Aug 2011
Message Posted: Dec 19, 2013 6:04:04 AM

There we go
VetteFan
Champion Author Indiana

Posts:11,318
Points:2,417,625
Joined:Aug 2005
Message Posted: Dec 19, 2013 6:03:46 AM

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

Posts:3,644
Points:1,408,875
Joined:Apr 2011
Message Posted: Dec 19, 2013 6:03:40 AM

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

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

Uh not!!!
jflabbe96
Champion Author Pennsylvania

Posts:1,901
Points:736,235
Joined:May 2012
Message Posted: Dec 19, 2013 6:02:28 AM

OK
ShineRunner
Champion Author North Carolina

Posts:3,361
Points:1,087,425
Joined:Apr 2006
Message Posted: Dec 19, 2013 6:01:28 AM

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

Posts:4,057
Points:1,549,225
Joined:Jul 2008
Message Posted: Dec 19, 2013 6:00:51 AM

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

Posts:3,674
Points:1,082,920
Joined:Mar 2012
Message Posted: Dec 19, 2013 5:58:09 AM

The weekly snore report.
geneo56
Champion Author Arkansas

Posts:2,343
Points:838,510
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.
N5EXY
Champion Author Austin

Posts:8,915
Points:2,321,305
Joined:Jul 2004
Message Posted: Dec 19, 2013 5:54:45 AM

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

Posts:17,162
Points:3,531,050
Joined:Nov 2004
Message Posted: Dec 19, 2013 5:53:36 AM

OK
gabisgram
Champion Author Michigan

Posts:4,408
Points:1,436,015
Joined:Sep 2006
Message Posted: Dec 19, 2013 5:52:53 AM

Gas price needs to drop more.
unicornpmb
Champion Author Buffalo

Posts:11,879
Points:2,466,870
Joined:Sep 2005
Message Posted: Dec 19, 2013 5:51:53 AM

Thanks for reporting.
NJColt
Champion Author New Jersey

Posts:15,820
Points:3,441,570
Joined:Aug 2005
Message Posted: Dec 19, 2013 5:51:14 AM

The weekly worthless report.
friday21
Champion Author Toronto

Posts:10,207
Points:1,441,945
Joined:Jul 2010
Message Posted: Dec 19, 2013 5:51:02 AM

Useless info
sappie
Champion Author Massachusetts

Posts:6,265
Points:1,279,365
Joined:Jul 2010
Message Posted: Dec 19, 2013 5:50:52 AM

bull,bull,bull
Quick68
Champion Author Columbus

Posts:12,877
Points:2,039,075
Joined:Dec 2009
Message Posted: Dec 19, 2013 5:49:30 AM

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

Posts:12,524
Points:3,394,035
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.
jppezz
Champion Author New Mexico

Posts:11,957
Points:2,501,370
Joined:Jun 2008
Message Posted: Dec 19, 2013 5:44:13 AM

Sounds like a price hike coming.
mazdaboy
Champion Author Portland

Posts:11,189
Points:2,888,960
Joined:Aug 2003
Message Posted: Dec 19, 2013 5:43:32 AM

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

Posts:3,954
Points:1,115,280
Joined:May 2012
Message Posted: Dec 19, 2013 5:42:34 AM

Does this report really matter?
epf
Champion Author Grand Rapids

Posts:9,728
Points:2,700,470
Joined:May 2004
Message Posted: Dec 19, 2013 5:42:21 AM

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

Posts:603
Points:591,570
Joined:Jan 2010
Message Posted: Dec 19, 2013 5:40:59 AM

ok
Alderaan
Champion Author Greenville

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

Okay.
roger1315
Champion Author North Carolina

Posts:3,969
Points:1,298,090
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.
raccoon2011
Champion Author Massachusetts

Posts:4,787
Points:1,158,790
Joined:Aug 2011
Message Posted: Dec 19, 2013 5:34:37 AM

we are exporting more distillates and gas than we should
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
sent4456
Champion Author Toronto

Posts:4,633
Points:2,925,405
Joined:Mar 2006
Message Posted: Dec 19, 2013 5:32:05 AM

Should the price drop?
DanFMA
Champion Author Massachusetts

Posts:4,505
Points:1,884,990
Joined:Apr 2008
Message Posted: Dec 19, 2013 5:28:12 AM

Now if the price would follow.
gasandgoAL
Champion Author Alabama

Posts:10,626
Points:2,402,445
Joined:Sep 2008
Message Posted: Dec 19, 2013 5:26:18 AM

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

Posts:10,364
Points:2,289,960
Joined:Feb 2008
Message Posted: Dec 19, 2013 5:22:35 AM

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

Posts:8,588
Points:2,825,220
Joined:Jul 2006
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?
Post a reply Back to Topics