Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:59 PM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Gasoline supply jumps in Midwest, East, West, dives in Gulf region Back to Topics
PD

Moderator
Message Posted: Jun 18, 2014 10:40:14 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 0.6 million barrels to a total of 386.3 million barrels. At 386.3 million barrels, inventories are 7.8 million barrels below last year (-2.0%) and are in the upper half of the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories increased by 0.8 million barrels to 214.3 million barrels. At 214.3 million barrels, inventories are down 7.5 million barrels, or 3.4% lower than one year ago. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.4mb); Midwest (+1.1mb); Gulf Coast (-2.5mb); Rockies (-0.1mb); and West Coast (+1.0mb). It is important to note which regions saw increases/decreases as this information likely drives prices up (in the case of falling

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
Profile Pic
Tundralimited2009
Champion Author Dallas

Posts:43,873
Points:2,271,070
Joined:Feb 2009
Message Posted: Jun 29, 2014 1:16:51 AM

Slowly getting there...
Profile Pic
spanky3678
All-Star Author Missouri

Posts:596
Points:147,070
Joined:Jun 2014
Message Posted: Jun 22, 2014 1:21:38 PM

ok
Profile Pic
honda0105
Champion Author Tallahassee

Posts:24,600
Points:2,534,465
Joined:Nov 2008
Message Posted: Jun 22, 2014 6:52:13 AM

the usual weekly lies...
Profile Pic
honda0105
Champion Author Tallahassee

Posts:24,600
Points:2,534,465
Joined:Nov 2008
Message Posted: Jun 22, 2014 6:52:02 AM

"dives" is hardly the word. Dropping a few pennies isn't what I would call a dive.
Profile Pic
Tundralimited2009
Champion Author Dallas

Posts:43,873
Points:2,271,070
Joined:Feb 2009
Message Posted: Jun 22, 2014 1:17:06 AM

Interesting...
Profile Pic
2parrots
Champion Author Massachusetts

Posts:5,303
Points:1,269,920
Joined:May 2012
Message Posted: Jun 21, 2014 9:45:58 AM

We pay more & more
Profile Pic
honda0105
Champion Author Tallahassee

Posts:24,600
Points:2,534,465
Joined:Nov 2008
Message Posted: Jun 21, 2014 7:00:21 AM

gdale: specutraitors are a very jumpy bunch.
Profile Pic
fedupp
Champion Author Cleveland

Posts:7,598
Points:50,605
Joined:May 2013
Message Posted: Jun 20, 2014 6:31:03 AM

The thing that is very wrong with the picture is north America has no cheap oil-no matter how much they extract,period-and if you think about it for a minute-you already knew that-there is nothing new about fracking,horizontal drilling-they were old tech. in the 40s and sand tar is basically the same technique,but even more expensive-the lifting costs alone of these resources are three and four times what we paid for market price oil before the last Iraq war--in fact without shutting down and splitting up Iraq's huge oceans of cheap easy to access high quality oil-frack/shale and sand tar oil stays in the ground----the only thing new in oil/fuel the last 11 years when it comes to north American oil,is manipulated world oil prices high enough for more extraction possibilities(frack/shale/sand tar)by force--war,propaganda war on Venezuela,sanctions on Iran,trade law changes ect. if the price drops much below $100.00 per barrel sand tar oil becomes less than viable,below $80.00 frack oil becomes less than viable---and we need $50.00 per barrel oil,and in reality less than that-so if we are ever going to do something about the ridiculous price of oil/fuel,(and I doubt that)-we have a long up hill battle-that ends with oil from true oil rich countries.
Profile Pic
gdale6
Rookie Author Boise

Posts:32
Points:9,660
Joined:Jun 2009
Message Posted: Jun 19, 2014 7:39:56 PM

Prices should be plunging then not increasing by 20c a gal, if a few radicals in Iraq can do this there is something very wrong with the picture.
Profile Pic
lgwhitlock
Champion Author Chico

Posts:9,647
Points:2,571,050
Joined:Jun 2008
Message Posted: Jun 19, 2014 2:45:40 PM

Another week another government sponsored speculation report...
Profile Pic
dandvicb
Champion Author Bridgeport

Posts:3,521
Points:1,860,780
Joined:Jul 2004
Message Posted: Jun 19, 2014 7:00:39 AM

SICK OF RIDICULOUS SPECULATORS, MARKET MANIPULATION & WALL STREET (GOV'T TOO) GREED!!!
Profile Pic
fedupp
Champion Author Cleveland

Posts:7,598
Points:50,605
Joined:May 2013
Message Posted: Jun 19, 2014 6:29:44 AM

The middle east and Venezuela is where cheap oil comes from---without shutting down and splitting up Iraq's giant cheap oil fields 11 years ago(and several other major factors during the same time period) ,fracking/horizontal drilling and steaming tar oil out of sand pits would be impossible-the middle east,and Venezuela can drown us in cheap oil if they want to,but why would they now?--------the higher the world market price of oil,the more extraction posibilities--without sky high world market prices,frack/shale/tar oil stays in the ground-And if the middle east blows up again,oil prices will go up even higher again,just like from 1973 through 1984 and 2003 through now.In other words without sky high world oil prices,frack/shale/tar oil are not even posibilities.
Profile Pic
pitamon
Champion Author Philadelphia

Posts:7,715
Points:2,682,080
Joined:Sep 2004
Message Posted: Jun 19, 2014 6:21:55 AM

So the price should go down right?
Profile Pic
chuckohio
Champion Author Columbus

Posts:4,540
Points:1,111,850
Joined:Aug 2012
Message Posted: Jun 19, 2014 6:15:26 AM

Great
Profile Pic
RocketGeek
Champion Author Grand Rapids

Posts:14,123
Points:3,021,190
Joined:May 2005
Message Posted: Jun 19, 2014 6:05:05 AM

But we're still concerned about what might/could/maybe happen in the Middle East right?
Profile Pic
Jeffro61
Champion Author Cleveland

Posts:5,312
Points:3,082,845
Joined:Oct 2005
Message Posted: Jun 19, 2014 6:04:26 AM

News for speculators.
Profile Pic
bikechuck
Champion Author Indianapolis

Posts:10,565
Points:2,919,825
Joined:Apr 2006
Message Posted: Jun 19, 2014 6:04:26 AM

We still have an adequate supply lucky for us except for the prices.
Profile Pic
vjmagic
Champion Author Fort Worth

Posts:2,556
Points:734,030
Joined:Sep 2013
Message Posted: Jun 19, 2014 6:04:07 AM

ok
Profile Pic
61chev
Champion Author Ontario

Posts:3,371
Points:1,433,945
Joined:Jan 2011
Message Posted: Jun 19, 2014 6:02:54 AM

ok
Profile Pic
dar 1
Champion Author Michigan

Posts:9,281
Points:616,905
Joined:Jan 2005
Message Posted: Jun 19, 2014 6:02:37 AM

Just keeps going up.....
Profile Pic
jppezz
Champion Author New Mexico

Posts:12,097
Points:2,543,525
Joined:Jun 2008
Message Posted: Jun 19, 2014 6:02:11 AM

And so do the prices.
Profile Pic
RevMarket
Champion Author Cincinnati

Posts:2,134
Points:686,810
Joined:Sep 2011
Message Posted: Jun 19, 2014 6:02:08 AM

Hmmmm?
Profile Pic
Elaine4411
Champion Author Pennsylvania

Posts:5,001
Points:1,371,975
Joined:Dec 2011
Message Posted: Jun 19, 2014 6:02:04 AM

Another excuse for prices to keep rising...
Profile Pic
sawdust1825
Champion Author Illinois

Posts:4,299
Points:1,349,730
Joined:Sep 2011
Message Posted: Jun 19, 2014 6:01:59 AM

And the prices increase at the pump....
Profile Pic
rupert64
Champion Author Dayton

Posts:2,095
Points:1,007,610
Joined:Dec 2007
Message Posted: Jun 19, 2014 6:00:06 AM

ok
Profile Pic
benjy
Champion Author Chicago

Posts:11,271
Points:2,609,820
Joined:Nov 2003
Message Posted: Jun 19, 2014 5:59:48 AM

all smoke and mirrors.
Profile Pic
gopherthis
Champion Author Twin Cities

Posts:2,770
Points:961,165
Joined:Sep 2012
Message Posted: Jun 19, 2014 5:59:07 AM

up down, down up.
Profile Pic
aburns20
Champion Author Virginia Beach

Posts:6,647
Points:1,568,920
Joined:Dec 2010
Message Posted: Jun 19, 2014 5:58:47 AM

And the prices still go up.
Profile Pic
Bonanza
Champion Author Boston

Posts:16,257
Points:3,455,830
Joined:Jun 2004
Message Posted: Jun 19, 2014 5:58:45 AM

Yesterday's news
Profile Pic
bigdaddy228
Champion Author Kentucky

Posts:1,998
Points:1,484,030
Joined:Feb 2011
Message Posted: Jun 19, 2014 5:58:01 AM

why?
Profile Pic
greshams
Champion Author Cincinnati

Posts:5,577
Points:1,252,035
Joined:Nov 2011
Message Posted: Jun 19, 2014 5:57:30 AM

every time this agency says something about fuel prices a sharp increase is coming in the next few days.
Profile Pic
grab4it
Champion Author Fort Worth

Posts:121,675
Points:3,122,090
Joined:Jan 2007
Message Posted: Jun 19, 2014 5:57:23 AM

Good
Profile Pic
werich44
Champion Author California

Posts:5,439
Points:1,371,160
Joined:Jun 2011
Message Posted: Jun 19, 2014 5:57:23 AM

Supply and demand no longer controls prices, only greed control's prices now!
Profile Pic
butch1946
Sophomore Author Allentown

Posts:190
Points:437,480
Joined:Mar 2005
Message Posted: Jun 19, 2014 5:57:14 AM

must be a slow news day
Profile Pic
tectoo
Champion Author Michigan

Posts:1,978
Points:2,336,035
Joined:Mar 2004
Message Posted: Jun 19, 2014 5:57:02 AM

so are prices up
Profile Pic
gasandgoAL
Champion Author Alabama

Posts:10,792
Points:2,459,320
Joined:Sep 2008
Message Posted: Jun 19, 2014 5:56:17 AM

the consumer is still paying higher prices
Profile Pic
bikerWI
Champion Author Milwaukee

Posts:4,922
Points:1,743,840
Joined:Apr 2010
Message Posted: Jun 19, 2014 5:56:10 AM

Our inventories are up because so are our prices.
Profile Pic
Pozole
Champion Author Portland

Posts:19,871
Points:2,475,070
Joined:Mar 2005
Message Posted: Jun 19, 2014 5:55:40 AM

...and the prices are jumping still as well...HEY. GB, WHEN DO WE GET OUR GAS PRICES BACK ?...
Profile Pic
Petrock
Champion Author Lexington

Posts:12,659
Points:3,478,760
Joined:Apr 2005
Message Posted: Jun 19, 2014 5:55:24 AM

Sounds like nothing significant in stockpile volumes, must be time to jack up oil AND gasoline prices!
Profile Pic
BobFang
Champion Author Cincinnati

Posts:2,742
Points:809,875
Joined:Jul 2012
Message Posted: Jun 19, 2014 5:54:50 AM

$peedWay will still spike the prices. BECAUSE THEY CAN!
Profile Pic
Treasurehuntxxx
Champion Author Toronto

Posts:8,753
Points:87,085
Joined:May 2005
Message Posted: Jun 19, 2014 5:54:48 AM

ok
Profile Pic
twobroke61
Champion Author Michigan

Posts:11,787
Points:2,434,610
Joined:Sep 2008
Message Posted: Jun 19, 2014 5:54:33 AM

and pump prices are rising
Profile Pic
GasBubby514
Champion Author Kentucky

Posts:1,747
Points:577,845
Joined:Mar 2014
Message Posted: Jun 19, 2014 5:54:16 AM

Doesnt help prices any
Profile Pic
Beau2140
Champion Author New York

Posts:11,743
Points:2,498,460
Joined:Oct 2008
Message Posted: Jun 19, 2014 5:53:02 AM

And the pump prices will rise.
Profile Pic
LeeFree
Champion Author Pittsburgh

Posts:12,534
Points:3,060,600
Joined:Jun 2005
Message Posted: Jun 19, 2014 5:53:00 AM

It still costs me over $60 to fill the tank no matter what these numbers say.
Profile Pic
jeff95519
Champion Author California

Posts:5,906
Points:2,272,560
Joined:Sep 2008
Message Posted: Jun 19, 2014 5:52:53 AM

so then what
Profile Pic
tnts4me
Champion Author Michigan

Posts:1,853
Points:602,660
Joined:Mar 2014
Message Posted: Jun 19, 2014 5:52:39 AM

Gasoline supply jumps in Midwest so does the price.
Profile Pic
kobes1
Champion Author Florida

Posts:5,762
Points:1,347,080
Joined:Aug 2011
Message Posted: Jun 19, 2014 5:52:36 AM

Greed is rising
Profile Pic
Hunter114
Champion Author Chicago

Posts:17,655
Points:2,323,285
Joined:Apr 2009
Message Posted: Jun 19, 2014 5:52:13 AM

Proof that oil & gasoline don't follow supply and demand principles.
Profile Pic
Ferdman17
Champion Author Albany

Posts:4,587
Points:1,285,330
Joined:Feb 2012
Message Posted: Jun 19, 2014 5:51:56 AM

I hope it keeps the prices somewhat stable on the street.
Profile Pic
NJColt
Champion Author New Jersey

Posts:15,955
Points:3,484,845
Joined:Aug 2005
Message Posted: Jun 19, 2014 5:50:44 AM

Why even post this? It's totally WORTHLESS!
Post a reply Back to Topics