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Author Topic: Gasoline inventories increase as refinery maintenance kicks in: EIA Back to Topics
PD

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Message Posted: Jan 23, 2014 11:05:39 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 1.0 million barrels to a total of 351.2 million barrels. At 351.2 million barrels, inventories are 11.9 million barrels below last year (-3.3%) and in the upper half of the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories increased by 2.1 million barrels to 235.3 million barrels. At 235.3 million barrels, inventories are up 2.0 million barrels, or 0.9% higher than one year ago. Here's how individual regions and their gasoline inventory fared last week: East Coast...

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
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rocknvox
Champion Author Bakersfield

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Message Posted: Mar 23, 2014 1:40:25 AM

hmmmmm? higher prices, maybe????????????
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Bill8177
All-Star Author Tampa

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Message Posted: Mar 22, 2014 7:19:45 PM

so what dows this tell you I think we need someone how knows how to run a refinery
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reb4
Champion Author Chicago

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Message Posted: Mar 22, 2014 7:08:50 PM

Should have stocked up back then
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theocean
All-Star Author New York

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Message Posted: Feb 2, 2014 4:15:21 PM

ok
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 31, 2014 12:02:49 AM

BigH: you're right. Hence my comment about Pig Oil not seeing any reason to drop prices.
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BigHorne1
Champion Author Missouri

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Message Posted: Jan 30, 2014 9:04:48 AM

Come on now, it is just greed. Prices on the market are down. Guess have to pay for all those big bonuses to their employees, while most of us are trying to make it in 2014.
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 30, 2014 6:00:53 AM

with the crazy weather, there's no reason for Pig Oil to drop prices at the pump.
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 29, 2014 6:32:41 AM

cob: you're right about that!
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cobeng10
Champion Author Colorado Springs

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Message Posted: Jan 28, 2014 11:58:40 AM

It dosent matter how much oil is out there. The price will still high.
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 28, 2014 5:52:47 AM

gary; that'd be the case IF the price situation was driven by supply and demand... goes to show you, it's not.
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garywa01
Sophomore Author Alberta

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Message Posted: Jan 26, 2014 9:48:25 PM

shouldn't prices be going down, you know, supply *& demand
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Cap0007
Veteran Author Providence

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Message Posted: Jan 26, 2014 2:27:54 PM

big game
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fedupp
Champion Author Cleveland

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Message Posted: Jan 26, 2014 2:11:41 PM

Without sky high world oil prices, increased north American oil production would simply be impossible(you also need the legal ability to contaminate surface and ground water) the fact that we are seeing prices of $3.00 per gallon and slightly under $3.00 per gallon is a miracle with crude oil at the ridiculous price of $95.00 per barrel-the last time we saw crude oil dip under the $50.00 range was during the peak of the great recession,we saw gasoline go just under $2.00 per gallon for a short time until the market came back up-but $1.00 more at the pump for a $45.00 increase per barrel of crude oil tells me they are not making much at that price....diesel is a different story.I am still very confused as to how so many people are expecting cheap fuel out of the most expensive to develop and extract crude oil on the planet(frack,shale and steam tar)cheap oil comes from the middle east and Venezuela and nowhere else--and we blew that ten years ago.
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Smash591
Rookie Author Macon

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Message Posted: Jan 25, 2014 5:54:29 PM

Nope, gas prices will not go down past $3.00 a gallon. In my area, every time the price dips under $3/gal someone freaks out and jacks the price up 20 cents a gallon which causes all the other local stations to follow suit. Then the price starts to settle again... I've watched it happen over and over this last year. Rigged for profit!
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Robert44
Champion Author Columbus

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Message Posted: Jan 25, 2014 7:05:03 AM

Whatever? !?!?!
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Bonanza
Champion Author Boston

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Message Posted: Jan 25, 2014 6:28:05 AM

Does this mean gas prices will go down?
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lorimarie36
Champion Author New York

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Message Posted: Jan 25, 2014 2:20:38 AM

Interesting.
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mbfd302
Champion Author Miami

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Message Posted: Jan 25, 2014 12:20:05 AM

Miami prices mainly steady, very few lower
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skybiker
Champion Author South Carolina

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Message Posted: Jan 24, 2014 11:46:59 PM

Prices should go down then...
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naw
Champion Author Denver

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Message Posted: Jan 24, 2014 5:07:05 PM

why should the price at pump increase?
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DriverDave
Champion Author Twin Cities

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Message Posted: Jan 24, 2014 2:22:38 PM

ItisAJeepThing - "Refineries need timely preventative maintenance to avoid costly, long term shutdown due to accidents."

No, no, that can't be true, can it? You mean they can't just run refineries at 100% capacity 24/7/365 without repercussion? ;-)

I would agree on the exporting of refined fuels, except that if refiners can't export the fuel they can't sell or pipe to other parts of the US, they would probably cut back on production so they don't have to store the excess. And storage ain't cheap, as I'm sure you are well aware of. :-)
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ItisAJeepThing
Champion Author Tucson

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Message Posted: Jan 24, 2014 2:17:34 PM

Refineries need timely preventative maintenance to avoid costly, long term shutdown due to accidents.

We need to prohibit the overseas export of any American refined fuels until retail prices come down.
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OrtizPrincess
Sophomore Author Tampa

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Message Posted: Jan 24, 2014 2:17:25 PM

Hopefully there will be a significant increase, so that we can see some more relief at the pump soon.
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Cellsite
Champion Author Appleton

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Message Posted: Jan 24, 2014 2:16:39 PM

Whatever
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fowlcan
Champion Author Oklahoma City

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Message Posted: Jan 24, 2014 2:15:09 PM

It go up.
It go down.
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kzrooster
Champion Author Kalamazoo

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Message Posted: Jan 24, 2014 2:14:20 PM

So why such a high cost?
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getalong
Champion Author California

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Message Posted: Jan 24, 2014 2:13:43 PM

ok
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forteras
Champion Author Kentucky

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Message Posted: Jan 24, 2014 2:10:59 PM

Bring it on.
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lyanMI
Champion Author Detroit

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Message Posted: Jan 24, 2014 2:06:27 PM

ok, now lets see if crude goes down
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BarbieLoveJax
Champion Author Jacksonville

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Message Posted: Jan 24, 2014 2:04:42 PM

Inventories are up as refineries go down? It should be prices at the pump going down when inventories are high.
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SBlouch
Champion Author San Antonio

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Message Posted: Jan 24, 2014 2:02:07 PM

Another EIA report so they keep their jobs.
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daviscw1117
Champion Author Pensacola

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Message Posted: Jan 24, 2014 2:00:45 PM

old news
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RobertSpratt
Champion Author Virginia Beach

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Message Posted: Jan 24, 2014 2:00:16 PM

Okay
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cssco
Champion Author Virginia

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Message Posted: Jan 24, 2014 1:58:26 PM

Gottta love this yesterdays news today even a day later.
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Harry813
Champion Author Iowa

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Message Posted: Jan 24, 2014 1:57:19 PM

Prices at the pump ?
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MPSAN1
All-Star Author South Carolina

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Message Posted: Jan 24, 2014 1:56:01 PM

Cool
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Fleabite44
Champion Author Maryland

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Message Posted: Jan 24, 2014 1:55:44 PM

Still bet prices do not go down.
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FieroGT
Champion Author Twin Cities

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Message Posted: Jan 24, 2014 1:54:46 PM

Does this mean that the pump price will go lower?
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NickoliMB
Champion Author Manitoba

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Message Posted: Jan 24, 2014 1:54:14 PM

Usually inventory increases spell a decrease in prices...not so in this rip off industry.
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brian1145
Champion Author Quad Cities

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Message Posted: Jan 24, 2014 1:53:29 PM

holding steady here.
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bigmace111
Champion Author Albany

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Message Posted: Jan 24, 2014 1:52:35 PM

repeat story
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Costello
Champion Author South Dakota

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Message Posted: Jan 24, 2014 1:48:52 PM

Inventories are up and so is the PRICE compared to last year!!!
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Schlunggi
Champion Author New Jersey

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Message Posted: Jan 24, 2014 1:48:40 PM

Yesterdays news!
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PrototypeDevil
Champion Author Los Angeles

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Message Posted: Jan 24, 2014 1:47:33 PM

k
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deaconjones
Champion Author Cleveland

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Message Posted: Jan 24, 2014 1:45:32 PM

IS THE PRICE AT THE PUMP GOING TO GO UP OR WILL IT GO DOWN.....
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5Golfer8
Champion Author Tucson

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Message Posted: Jan 24, 2014 1:43:10 PM

I'm sure that not all refineries go off line at the same time.
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Old Timer
Champion Author Akron

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Message Posted: Jan 24, 2014 1:42:57 PM

I agree with FEDUPP
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DrSam46545
Champion Author South Bend

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Message Posted: Jan 24, 2014 1:42:52 PM

ok
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luvmyburgi
Champion Author Ohio

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Message Posted: Jan 24, 2014 1:41:36 PM

Ok
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MightyDude
Champion Author Minnesota

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Message Posted: Jan 24, 2014 1:38:58 PM

ho-hum
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