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Author Topic: Crude supplies surge as refineries inventories continue lower production Back to Topics
PD

Moderator
Message Posted: Mar 19, 2014 10:35:36 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 5.9 million barrels to a total of 375.9 million barrels. At 375.9 million barrels, inventories are 6.8 million barrels below last year (-1.8) and in the upper half of the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.5 million barrels to 222.3 million barrels. At 222.3 million barrels, inventories are down 0.5 million barrels, or 0.2% lower 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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honda0105
Champion Author Tallahassee

Posts:22,237
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Message Posted: Mar 22, 2014 12:01:56 AM

Jc: ha ha ha. In your wildest dreams only. Pig Oil is creating an artificial bottleneck to be able to raise prices even more. Watch!
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Jcookster74
All-Star Author San Bernardino

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Message Posted: Mar 21, 2014 11:56:53 AM

It seems prices should drop.
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honda0105
Champion Author Tallahassee

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Joined:Nov 2008
Message Posted: Mar 21, 2014 5:55:40 AM

lower production to create artificial bottleneck, which in turn, "warrants" raising prices. Yea, right, sure.. whatever... NOT!
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RogerB
Champion Author Indianapolis

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Message Posted: Mar 21, 2014 2:46:23 AM

Very interesting . . .
             
             
                √


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smelser1123
Champion Author Nevada

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Message Posted: Mar 20, 2014 2:34:57 PM

Old post
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investmentdr
Champion Author Cleveland

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Message Posted: Mar 20, 2014 1:00:59 PM

keep on conserving
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randyragon
Veteran Author Gary

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Message Posted: Mar 20, 2014 12:41:34 PM

I notice most of Chicago is above $4.00 a gallon for gas this morning. While two counties over into Indiana the gas there (that comes from the same refineries) has come down to $3.48 from $3.59 yesterday. Funny how things jump around like that for no reason.
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LuckyLou1
Champion Author Colorado

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Message Posted: Mar 20, 2014 11:37:03 AM

Meaningless unless it had something to do with lowering the costs when I fill up with gas
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sydb7
Champion Author Atlanta

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Message Posted: Mar 20, 2014 11:00:10 AM

There is only one important number: the pump price and whether it is going up or down!
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beachnut
Champion Author Michigan

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Message Posted: Mar 20, 2014 10:41:54 AM

a bargain?? For whom???
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deant99
Champion Author Ontario

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Message Posted: Mar 20, 2014 9:28:12 AM

This is money waiting to be made
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fedupp
Champion Author Cleveland

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Message Posted: Mar 20, 2014 6:37:46 AM

WonderfulMI--my answer is:absolutely horrifyingly awful-and the worst part for me is I knew almost a decade ago what the end result of incresed north American oil production would be----I remember the first time I saw them say it on TV--and my first thought was..North America has no source of affordable oil,so how are they going to do that? Turns out the answer was-war,lies,sanctions,propaganda-and AM radio.
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fedupp
Champion Author Cleveland

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Message Posted: Mar 20, 2014 6:31:40 AM

It costs up to $90.00 to steam one barrel of low quality tar oil out of the sand pit-so you can count on the world price of one barrel of crude oil being around or over $100.00 from now on--or they will stop steaming low quality tar oil out of the sand pit...and I doubt they will stop doing that,especially since half the country thinks Canada's tar sand oil is the answer for everything------the only way any of us are ever going to see cheap,or even affordable oil again is if we make deals/friends with true oil rich countries-like Iraq,Kuwait,Iran,Venezuela ect...and most people don't even want to hear that,even though most of what went down when Iraq's oil was shut down and split up was lies-and what went down with Venezuela was mostly lies also.(true oil rich countries have high quality oil that comes out of the ground for next to nothing-we have frack,shale and steam tar oil,so get used to paying 4-5 times more for all fuels from now on)
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WonderfulMI
Champion Author Michigan

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Message Posted: Mar 20, 2014 6:28:35 AM

The Republican Party promised "Drill here, drill now, pay less". How is that working out for you?
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ShineRunner
Champion Author North Carolina

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Message Posted: Mar 20, 2014 6:27:40 AM

We need more refineries to keep this type of thing from happening.
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pitamon
Champion Author Philadelphia

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Message Posted: Mar 20, 2014 6:18:15 AM

We get screwed no matter what, there is always some excuse.
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Jeffro61
Champion Author Cleveland

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Message Posted: Mar 20, 2014 6:14:18 AM

News for speculators.
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dar 1
Champion Author Michigan

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Message Posted: Mar 20, 2014 6:11:29 AM

Dont worry our prices wont go down.....
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jimraehl
Champion Author Utah

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Message Posted: Mar 20, 2014 6:06:21 AM

Standard report.
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jimraehl
Champion Author Utah

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Message Posted: Mar 20, 2014 6:05:40 AM

Standard report.
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NJColt
Champion Author New Jersey

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Message Posted: Mar 20, 2014 6:05:01 AM

EIA = WASTE
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AESJOBLOM4
Champion Author Florida

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Message Posted: Mar 20, 2014 6:04:45 AM

GET IT RIGHT
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devildog66
Champion Author Pennsylvania

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Message Posted: Mar 20, 2014 6:04:42 AM

I see a massive price increase coming!
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BigBearHug
Champion Author Amarillo

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Message Posted: Mar 20, 2014 6:03:11 AM

crude surges ... so does gas prices
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tigerhater
Champion Author Toronto

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Message Posted: Mar 20, 2014 6:02:49 AM

lower production just before driving season I wonder why?
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rahcat
Champion Author Grand Rapids

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Message Posted: Mar 20, 2014 6:00:52 AM

Useless report.
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Ferdman17
Champion Author Albany

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Message Posted: Mar 20, 2014 6:00:41 AM

Here we go again
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geneo56
Champion Author Arkansas

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Message Posted: Mar 20, 2014 5:58:40 AM

What do we blame the rise of gas prices on now?
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sappie
Champion Author Massachusetts

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Message Posted: Mar 20, 2014 5:58:05 AM

I agree with leeFree.
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djp071158
Champion Author Detroit

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Message Posted: Mar 20, 2014 5:57:35 AM

Crude supplies up, gas down. Prices up.
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jeff95519
Champion Author California

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Message Posted: Mar 20, 2014 5:57:07 AM

spring cleaning and crossover time for the refinery's
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LeeFree
Champion Author Pittsburgh

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Message Posted: Mar 20, 2014 5:56:25 AM

Grab your ankles for the impending price hikes at the pump.
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jmg144
Champion Author Maryland

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Message Posted: Mar 20, 2014 5:56:10 AM

Pump prices will continue to move upward.
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bobzilla11
Champion Author Indiana

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Message Posted: Mar 20, 2014 5:54:32 AM

keep it here
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friday21
Champion Author Toronto

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Message Posted: Mar 20, 2014 5:53:33 AM

Whatever
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Petrock
Champion Author Lexington

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Message Posted: Mar 20, 2014 5:52:55 AM

"Gasoline inventories decreased" Sounds like the perfect excuse to raise prices even more.
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valby
Champion Author Massachusetts

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Message Posted: Mar 20, 2014 5:52:55 AM

OK
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guypd
Sophomore Author New York

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Message Posted: Mar 20, 2014 5:51:24 AM

It is really too bad that the increase in supplies of crude oil, doesn't mean that the cost of gas will go down. There are just too many other variables that will effect the price of gasoline.
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tallyman
Champion Author Tallahassee

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Message Posted: Mar 20, 2014 5:50:59 AM

Allow more refineries to be built.
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infinititom
Champion Author Dallas

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Message Posted: Mar 20, 2014 5:50:57 AM

With all the talk of extracting oil, refining needs to be addressed also.
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AKmailman
Champion Author Alaska

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Message Posted: Mar 20, 2014 5:50:04 AM

Propaganda from DOE
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jppezz
Champion Author New Mexico

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Message Posted: Mar 20, 2014 5:47:35 AM

Why is that to keep prices higher?
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Hunter114
Champion Author Chicago

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Message Posted: Mar 20, 2014 5:47:23 AM

That partly explains the price spike.
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rte3tdi
Champion Author New Hampshire

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Message Posted: Mar 20, 2014 5:46:26 AM

Diesel is coming down ... slowly ... around here
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74celica
Champion Author Columbus

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Message Posted: Mar 20, 2014 5:46:20 AM

here comes the latest excuse to raise prices
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bradbeebe52
Champion Author Wilmington

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Message Posted: Mar 20, 2014 5:46:00 AM

These numbers and what's happening on the ground don't jibe.
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Rick52
Champion Author Milwaukee

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Message Posted: Mar 20, 2014 5:45:53 AM

Just thing about the Money they are making at these prices..
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dfp609
Champion Author Cincinnati

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Message Posted: Mar 20, 2014 5:45:20 AM

I think it's going to be a long time before prices ever stabilize.
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fillerupyeoww
Champion Author Columbus

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Message Posted: Mar 20, 2014 5:43:53 AM

A very few stations around here are posting lower prices recently.
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studebaker1940
Champion Author Tampa

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Message Posted: Mar 20, 2014 5:43:35 AM

get ready for $10 a gallon
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