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Author Topic: Winter storms cause demand drop, surge in gasoline, distillate inventories Back to Topics
PD

Moderator
Message Posted: Jan 8, 2014 10:36:43 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 2.7 million barrels to a total of 357.9 million barrels. At 357.9 million barrels, inventories are 3.4 million barrels below last year (-0.9%) and are near the upper part of the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories increased by 6.2 million barrels to 227.0 million barrels. At 227.0 million barrels, inventories are down 6.1 million barrels, or 2.6% lower 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
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lyanMI
Champion Author Detroit

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Message Posted: Jan 20, 2014 8:03:52 PM

Don't get the equation
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gasmask78
Champion Author Virginia

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Message Posted: Jan 20, 2014 1:08:00 PM

summer storms cause shortages...irony.
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 17, 2014 5:51:25 AM

mag: you can pretty much mark the calendar annually to know when prices go up and when they (may) drop.
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 16, 2014 5:56:38 AM

mag: because Pig Oil has the consumer over a barrel...
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magpie2013
Champion Author Milwaukee

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Message Posted: Jan 15, 2014 9:14:23 PM

I don't understand how they can do this every bloody year.
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 15, 2014 6:00:15 AM

dfp: Pig Oil is never about supply and demand. You just proved it again.
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dfp609
Champion Author Cincinnati

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Message Posted: Jan 13, 2014 1:10:51 PM

If inventories are up why do gas prices keep rising? So much for supply and demand.

[Edited by: dfp609 at 1/13/2014 1:09:52 PM EST]
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 12, 2014 7:25:13 AM

people don't drive, thus, don't buy gas... duh!
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wild3bill
Champion Author New York

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Message Posted: Jan 9, 2014 4:40:38 PM

Hudson Valley ha!d a winter storm followed by sub zero cold. After the snow plows went home the only traffic seemed to be trucks delivering heating oil !
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bston
Champion Author Oklahoma City

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Message Posted: Jan 9, 2014 9:04:58 AM

Not as much demand for high priced gas is what it seems.
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POWERSTROKE7.3L
Champion Author Washington

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Message Posted: Jan 9, 2014 8:27:45 AM

K.
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Jeffro61
Champion Author Cleveland

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Message Posted: Jan 9, 2014 6:11:57 AM

Useless speculator news.
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snky2k
Champion Author Indianapolis

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Message Posted: Jan 9, 2014 6:02:55 AM

Not much change here.
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dylan126
Champion Author Cleveland

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Message Posted: Jan 9, 2014 6:02:47 AM

whatever
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LuckyD43
Champion Author Long Island

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Message Posted: Jan 9, 2014 6:02:26 AM

I read this YESTERDAY.
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LeeFree
Champion Author Pittsburgh

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Message Posted: Jan 9, 2014 6:01:07 AM

Even though the price was down a nickel it still cost me $55 to fill up this morning.
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gabisgram
Champion Author Michigan

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Message Posted: Jan 9, 2014 6:01:01 AM

A lot of inventory. Worthless to compare it to last year. Question is, how long would it last? Price should be lower.
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jflabbe96
Champion Author Pennsylvania

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Message Posted: Jan 9, 2014 6:00:44 AM

Doesn't matter, the price still climbs. Supply and demand are no longer the indicator of price. The system is a sham, what a shame.
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dudleydolittle
Champion Author Cleveland

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Message Posted: Jan 9, 2014 5:59:55 AM

right
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KrsnaDragon
Champion Author Montreal

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Message Posted: Jan 9, 2014 5:59:46 AM

Interesting report.
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raccoon2011
Champion Author Massachusetts

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Message Posted: Jan 9, 2014 5:58:59 AM

if we didn't export so much distillates wewould have a surplus. gas inventories increased in the east but refinery utilization was the worst in the country. plus prices have been increaseing here.????
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OnEmpty69
Champion Author Washington

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Message Posted: Jan 9, 2014 5:57:41 AM

Again I'm not sure if the EIA has the numbers right, but they want us to feel uneasy about the future of gas prices as they are sending mixed messages.
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Petrock
Champion Author Lexington

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Message Posted: Jan 9, 2014 5:57:14 AM

It shouldn't matter that gasoline and distillate inventories increased 12 million barrels. Since crude oil inventories decreases by a couple million barrels they have a great reason to raise the price of gas.
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61chev
Champion Author Ontario

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Message Posted: Jan 9, 2014 5:56:29 AM

ok
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zaq001
Champion Author Atlanta

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Message Posted: Jan 9, 2014 5:56:13 AM

Read this yesterday. Points to a drop in prices as well as a supply cut.
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HA4CNN
Champion Author Toronto

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Message Posted: Jan 9, 2014 5:55:41 AM

Well here comes the propaganda.
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dbecks44
Champion Author Michigan

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Message Posted: Jan 9, 2014 5:55:25 AM

We'll see what the effect is on prices.
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HEBster
Champion Author Kentucky

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Message Posted: Jan 9, 2014 5:54:12 AM

Prices moderate in KY
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devildog66
Champion Author Pennsylvania

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Message Posted: Jan 9, 2014 5:53:53 AM

The temperatures dropped and diesel prices raised ten cents.
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52MPG
Champion Author Dayton

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Message Posted: Jan 9, 2014 5:53:20 AM

The winter storm has cut my driving.
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Rick52
Champion Author Milwaukee

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Message Posted: Jan 9, 2014 5:50:45 AM

And Later today There will be a Supply Shortage..
Back and Forth BS..
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oweno1
Champion Author San Diego

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Message Posted: Jan 9, 2014 5:50:29 AM

no impact here
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jppezz
Champion Author New Mexico

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Message Posted: Jan 9, 2014 5:49:31 AM

So gas prices should now drop.
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cheapertvs
Champion Author Richmond

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Message Posted: Jan 9, 2014 5:49:19 AM

So when will we see the price drop at the pump?
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bradbeebe52
Champion Author Wilmington

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Message Posted: Jan 9, 2014 5:49:05 AM

Prices go up quickly. They come down, if at all, very slowly.
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male
Champion Author Calgary

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Message Posted: Jan 9, 2014 5:48:34 AM

so
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roger1315
Champion Author North Carolina

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Message Posted: Jan 9, 2014 5:48:16 AM

Gas may go up now because we aren't using enough
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Toppers
Champion Author Atlanta

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Message Posted: Jan 9, 2014 5:47:56 AM

& Prices are stable in GA!
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Z06KY
Champion Author Louisville

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Message Posted: Jan 9, 2014 5:45:29 AM

With no effect on gas prices.
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grandpadon28110
Champion Author Charlotte

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Message Posted: Jan 9, 2014 5:44:52 AM

Snow keeps people indoors not on the r9ad.
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Rednix
Champion Author Miami

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Message Posted: Jan 9, 2014 5:43:25 AM

So...lower prices?
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Alderaan
Champion Author Greenville

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Message Posted: Jan 9, 2014 5:42:53 AM

SIGH
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GLM4205
Champion Author Toledo

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Message Posted: Jan 9, 2014 5:42:47 AM

Then, it's time for a big price drop!! Is not it???
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Luckylindy
Champion Author Milwaukee

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Message Posted: Jan 9, 2014 5:42:12 AM

So why are prices rising?
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Bxman
All-Star Author Richmond

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Message Posted: Jan 9, 2014 5:41:15 AM

Can't remember
Did we use up all the strategic oil reserves?
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madison8359
Champion Author Cleveland

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Message Posted: Jan 9, 2014 5:40:05 AM

And prices are up also.
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DanFMA
Champion Author Massachusetts

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Message Posted: Jan 9, 2014 5:31:29 AM

again.
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sappie
Champion Author Massachusetts

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Message Posted: Jan 9, 2014 5:30:07 AM

that's nice.
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WR-INC
Champion Author Twin Cities

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Message Posted: Jan 9, 2014 5:28:34 AM

Only negative news seems to affect prices.
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pepinoNC
Champion Author Raleigh

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Message Posted: Jan 9, 2014 5:27:33 AM

Great.
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