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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

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Tundralimited2009
Champion Author Dallas

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Message Posted: Jun 29, 2014 1:16:51 AM

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

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Message Posted: Jun 22, 2014 1:21:38 PM

ok
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honda0105
Champion Author Tallahassee

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Message Posted: Jun 22, 2014 6:52:13 AM

the usual weekly lies...
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honda0105
Champion Author Tallahassee

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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.
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Tundralimited2009
Champion Author Dallas

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Message Posted: Jun 22, 2014 1:17:06 AM

Interesting...
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2parrots
Champion Author Massachusetts

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Message Posted: Jun 21, 2014 9:45:58 AM

We pay more & more
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honda0105
Champion Author Tallahassee

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Message Posted: Jun 21, 2014 7:00:21 AM

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

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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.
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gdale6
Rookie Author Boise

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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.
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lgwhitlock
Champion Author Chico

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Message Posted: Jun 19, 2014 2:45:40 PM

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

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Message Posted: Jun 19, 2014 7:00:39 AM

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

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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.
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pitamon
Champion Author Philadelphia

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Message Posted: Jun 19, 2014 6:21:55 AM

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

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Message Posted: Jun 19, 2014 6:15:26 AM

Great
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RocketGeek
Champion Author Grand Rapids

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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?
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Jeffro61
Champion Author Cleveland

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Message Posted: Jun 19, 2014 6:04:26 AM

News for speculators.
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bikechuck
Champion Author Indianapolis

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Message Posted: Jun 19, 2014 6:04:26 AM

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

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Message Posted: Jun 19, 2014 6:04:07 AM

ok
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61chev
Champion Author Ontario

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Message Posted: Jun 19, 2014 6:02:54 AM

ok
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dar 1
Champion Author Michigan

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Message Posted: Jun 19, 2014 6:02:37 AM

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

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Message Posted: Jun 19, 2014 6:02:11 AM

And so do the prices.
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RevMarket
All-Star Author Cincinnati

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Message Posted: Jun 19, 2014 6:02:08 AM

Hmmmm?
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Elaine4411
Champion Author Pennsylvania

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Message Posted: Jun 19, 2014 6:02:04 AM

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

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Message Posted: Jun 19, 2014 6:01:59 AM

And the prices increase at the pump....
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rupert64
All-Star Author Dayton

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Message Posted: Jun 19, 2014 6:00:06 AM

ok
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benjy
Champion Author Chicago

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Message Posted: Jun 19, 2014 5:59:48 AM

all smoke and mirrors.
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gopherthis
Champion Author Twin Cities

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Message Posted: Jun 19, 2014 5:59:07 AM

up down, down up.
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aburns20
Champion Author Virginia Beach

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Message Posted: Jun 19, 2014 5:58:47 AM

And the prices still go up.
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Bonanza
Champion Author Boston

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Message Posted: Jun 19, 2014 5:58:45 AM

Yesterday's news
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bigdaddy228
All-Star Author Kentucky

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Message Posted: Jun 19, 2014 5:58:01 AM

why?
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greshams
Champion Author Cincinnati

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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.
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grab4it
Champion Author Fort Worth

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Message Posted: Jun 19, 2014 5:57:23 AM

Good
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werich44
Champion Author California

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Message Posted: Jun 19, 2014 5:57:23 AM

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

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Message Posted: Jun 19, 2014 5:57:14 AM

must be a slow news day
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tectoo
Champion Author Michigan

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Message Posted: Jun 19, 2014 5:57:02 AM

so are prices up
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gasandgoAL
Champion Author Alabama

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Message Posted: Jun 19, 2014 5:56:17 AM

the consumer is still paying higher prices
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bikerWI
Champion Author Milwaukee

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Message Posted: Jun 19, 2014 5:56:10 AM

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

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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 ?...
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Petrock
Champion Author Lexington

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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!
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BobFang
Champion Author Cincinnati

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Message Posted: Jun 19, 2014 5:54:50 AM

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

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Message Posted: Jun 19, 2014 5:54:48 AM

ok
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twobroke61
Champion Author Michigan

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Message Posted: Jun 19, 2014 5:54:33 AM

and pump prices are rising
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GasBubby514
All-Star Author Kentucky

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Message Posted: Jun 19, 2014 5:54:16 AM

Doesnt help prices any
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Beau2140
Champion Author New York

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Message Posted: Jun 19, 2014 5:53:02 AM

And the pump prices will rise.
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LeeFree
Champion Author Pittsburgh

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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.
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jeff95519
Champion Author California

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Message Posted: Jun 19, 2014 5:52:53 AM

so then what
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tnts4me
All-Star Author Michigan

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Message Posted: Jun 19, 2014 5:52:39 AM

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

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Message Posted: Jun 19, 2014 5:52:36 AM

Greed is rising
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Hunter114
Champion Author Chicago

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Message Posted: Jun 19, 2014 5:52:13 AM

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

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Message Posted: Jun 19, 2014 5:51:56 AM

I hope it keeps the prices somewhat stable on the street.
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