Not Logged In Log In   Sign Up   Points Leaders
Follow Us    6:02 PM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA report: crude and gasoline supply rises slightly Back to Topics
PD

Moderator
Message Posted: Jun 25, 2014 10:37:13 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 1.7 million barrels to a total of 388.1million barrels. At 388.1 million barrels, inventories are 6.0 million barrels below last year (-1.5%) and are in the middle of the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories increased by 0.7 million barrels to 215.0 million barrels. At 215.0 million barrels, inventories are down 10.4 million barrels, or 4.6% lower than one year ago. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.2mb); Midwest (+0.1mb); Gulf Coast (+1.3mb); Rockies (N/C); and West Coast (-0.5mb). It is important to note which regions saw increases/decreases as this information likely drives prices up (in the case of falling in

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

Posts:1,466
Points:1,016,020
Joined:Feb 2008
Message Posted: Aug 25, 2014 12:48:28 AM

Ten percent drop in crude prices, two percent drop at the pump
Profile Pic
gasmask78
Champion Author Virginia

Posts:4,452
Points:984,055
Joined:Sep 2011
Message Posted: Aug 24, 2014 2:11:59 PM

Let's do the gas buddy waaaavvvveeeeeeee! WOOOOOOOOOOAAAAAAAAHHHH&HHH!!!
Profile Pic
gasmask78
Champion Author Virginia

Posts:4,452
Points:984,055
Joined:Sep 2011
Message Posted: Aug 1, 2014 1:07:58 AM

Hmmm
Profile Pic
gasmask78
Champion Author Virginia

Posts:4,452
Points:984,055
Joined:Sep 2011
Message Posted: Aug 1, 2014 1:07:42 AM

Q
Profile Pic
Tundralimited2009
Champion Author Dallas

Posts:42,658
Points:2,002,445
Joined:Feb 2009
Message Posted: Jul 9, 2014 1:52:23 AM

More is less
Profile Pic
honda0105
Champion Author Tallahassee

Posts:23,153
Points:2,254,990
Joined:Nov 2008
Message Posted: Jun 28, 2014 8:00:42 AM

syd: yes, but not the direction consumers want it to go lol.
Profile Pic
Tundralimited2009
Champion Author Dallas

Posts:42,658
Points:2,002,445
Joined:Feb 2009
Message Posted: Jun 28, 2014 3:20:20 AM

Time will tell...
Profile Pic
sydb7
Champion Author Atlanta

Posts:5,494
Points:2,473,010
Joined:Mar 2003
Message Posted: Jun 27, 2014 4:06:56 PM

Useless, irrelevant data! No effect on pump prices!
Profile Pic
honda0105
Champion Author Tallahassee

Posts:23,153
Points:2,254,990
Joined:Nov 2008
Message Posted: Jun 27, 2014 5:54:59 AM

slightly enough to make prices at the pump jump?
Profile Pic
morris53659
Champion Author South Bend

Posts:2,751
Points:1,264,870
Joined:Jan 2011
Message Posted: Jun 26, 2014 7:52:12 PM

Slight enough to say an increase. More importantly,keep prices too high.
Profile Pic
Frogger81
Champion Author South Bend

Posts:1,063
Points:278,850
Joined:May 2014
Message Posted: Jun 26, 2014 10:24:14 AM

gas $2 yet?
Profile Pic
streetdesign
Champion Author Illinois

Posts:2,999
Points:1,205,675
Joined:May 2011
Message Posted: Jun 26, 2014 8:01:18 AM

Well then prices should be dropping not trickle down. Something is wrong with the system when it jumps up at a whim but takes for ever to come down.
Profile Pic
sydb7
Champion Author Atlanta

Posts:5,494
Points:2,473,010
Joined:Mar 2003
Message Posted: Jun 26, 2014 6:30:57 AM

It doesn't matter, the pump prices remain too high!
Profile Pic
Ziggy1962
Champion Author New Jersey

Posts:61,030
Points:2,455,015
Joined:Aug 2006
Message Posted: Jun 26, 2014 6:08:50 AM

Ok.
Profile Pic
Ziggy1962
Champion Author New Jersey

Posts:61,030
Points:2,455,015
Joined:Aug 2006
Message Posted: Jun 26, 2014 6:08:13 AM

Ok.
Profile Pic
Ferdman17
Champion Author Albany

Posts:3,869
Points:1,011,880
Joined:Feb 2012
Message Posted: Jun 26, 2014 6:01:10 AM

Good
Profile Pic
aburns20
Champion Author Virginia Beach

Posts:5,857
Points:1,304,095
Joined:Dec 2010
Message Posted: Jun 26, 2014 6:01:08 AM

You need a report to tell you this???
Profile Pic
GLM4205
Champion Author Toledo

Posts:6,471
Points:1,367,985
Joined:Dec 2010
Message Posted: Jun 26, 2014 6:00:09 AM

So what? It does not translate in lower prices.
Profile Pic
kimochigirl
Champion Author Vancouver

Posts:2,200
Points:669,215
Joined:Feb 2013
Message Posted: Jun 26, 2014 6:00:09 AM

Ok
Profile Pic
grab4it
Champion Author Fort Worth

Posts:120,848
Points:2,855,310
Joined:Jan 2007
Message Posted: Jun 26, 2014 5:59:33 AM

Good
Profile Pic
LaMigra
Champion Author Laredo

Posts:1,363
Points:1,449,660
Joined:Jul 2004
Message Posted: Jun 26, 2014 5:59:18 AM

ok
Profile Pic
Hunter114
Champion Author Chicago

Posts:15,787
Points:2,088,535
Joined:Apr 2009
Message Posted: Jun 26, 2014 5:58:19 AM

Agree with Mopar4me.
Profile Pic
Rick52
Champion Author Milwaukee

Posts:15,099
Points:1,834,165
Joined:Mar 2005
Message Posted: Jun 26, 2014 5:56:46 AM

And Prices continue to Climb..
Profile Pic
rupert64
Champion Author Dayton

Posts:1,321
Points:744,790
Joined:Dec 2007
Message Posted: Jun 26, 2014 5:55:17 AM

ok
Profile Pic
Mopar4me
Champion Author Peoria

Posts:3,999
Points:1,350,835
Joined:May 2010
Message Posted: Jun 26, 2014 5:54:31 AM

To bad supply and demand is not relevant.
Profile Pic
BKINUT
All-Star Author Columbus

Posts:919
Points:1,647,330
Joined:Mar 2007
Message Posted: Jun 26, 2014 5:54:30 AM

ok
Profile Pic
jacob5066
Champion Author College Station

Posts:4,585
Points:1,075,715
Joined:Feb 2012
Message Posted: Jun 26, 2014 5:54:11 AM

Thanks
Profile Pic
ByGuy
Champion Author Dallas

Posts:10,413
Points:2,317,825
Joined:Nov 2005
Message Posted: Jun 26, 2014 5:53:40 AM

Gas prices can now drop a penny?
Profile Pic
neptune2008
Champion Author Michigan

Posts:10,351
Points:2,221,555
Joined:Aug 2008
Message Posted: Jun 26, 2014 5:53:07 AM

slightly?? 30 cents a gallon? slight?
Profile Pic
jeff95519
Champion Author California

Posts:5,126
Points:1,996,075
Joined:Sep 2008
Message Posted: Jun 26, 2014 5:51:29 AM

will see
Profile Pic
GasBubby514
Champion Author Kentucky

Posts:1,143
Points:338,740
Joined:Mar 2014
Message Posted: Jun 26, 2014 5:51:21 AM

Whatever
Profile Pic
fillerupyeoww
Champion Author Columbus

Posts:8,603
Points:2,293,265
Joined:Mar 2008
Message Posted: Jun 26, 2014 5:49:23 AM

At least we have plenty.
Profile Pic
ARMADA157
Champion Author Detroit

Posts:2,489
Points:606,635
Joined:Jun 2013
Message Posted: Jun 26, 2014 5:48:15 AM

Corn reported to go to $1.45 cents an ear.
Profile Pic
Petrock
Champion Author Lexington

Posts:11,868
Points:3,202,885
Joined:Apr 2005
Message Posted: Jun 26, 2014 5:47:17 AM

Crude inventories up + gasoline inventories up = gasoline prices UP. Sounds like someone didn't ever take econ 101!
Profile Pic
Luap1
Champion Author Maine

Posts:1,143
Points:230,620
Joined:Oct 2009
Message Posted: Jun 26, 2014 5:47:12 AM

internal prices go up, supply availablility increases, and instead of using our supplies to reduce/stabilize our own prices, we export more...don't figure
Profile Pic
tallyman
Champion Author Tallahassee

Posts:1,670
Points:834,235
Joined:Jun 2012
Message Posted: Jun 26, 2014 5:46:51 AM

So what? It does not translate in lower prices.
Profile Pic
BummerMan
Champion Author Dallas

Posts:4,000
Points:982,995
Joined:Apr 2011
Message Posted: Jun 26, 2014 5:46:07 AM

Duh!
Profile Pic
valby
Champion Author Massachusetts

Posts:5,662
Points:1,072,050
Joined:Jan 2005
Message Posted: Jun 26, 2014 5:45:16 AM

Prices are too.
Profile Pic
AvantiMick
Champion Author Indiana

Posts:15,416
Points:3,177,160
Joined:Dec 2005
Message Posted: Jun 26, 2014 5:45:14 AM

If the US can export oil, inventories mean nothing to gas prices here!
Profile Pic
Lengas
Champion Author Gary

Posts:16,454
Points:3,362,900
Joined:Nov 2004
Message Posted: Jun 26, 2014 5:44:49 AM

Yet the price of gas keeps going UP UP UP!!!!!!!!!!!!!!!!!!!
Profile Pic
devildog66
Champion Author Pennsylvania

Posts:3,231
Points:931,490
Joined:May 2012
Message Posted: Jun 26, 2014 5:44:30 AM

Supplies go up prices go up, what is wrong with this picture?
Profile Pic
ReadyWriter
Champion Author Columbus

Posts:1,253
Points:69,295
Joined:May 2008
Message Posted: Jun 26, 2014 5:43:43 AM

Supply and demand don't seem to control this market as strongly as greed does.
Profile Pic
bad_sailor
Champion Author London

Posts:10,503
Points:2,316,520
Joined:Dec 2007
Message Posted: Jun 26, 2014 5:42:49 AM

Supplies rise slightly yet prices rise significantly.
Profile Pic
pepinoNC
Champion Author Raleigh

Posts:4,912
Points:1,292,970
Joined:May 2011
Message Posted: Jun 26, 2014 5:42:33 AM

Another massive conspiracy, Stay tuned to Fox news.
Profile Pic
LeeFree
Champion Author Pittsburgh

Posts:11,843
Points:2,879,350
Joined:Jun 2005
Message Posted: Jun 26, 2014 5:41:21 AM

So all that blustering about trouble in Iraq spooking investors did not affect supply but only served to raise prices. The same old story and we keep taking it in the shorts.
Profile Pic
74celica
Champion Author Columbus

Posts:4,164
Points:2,454,785
Joined:May 2006
Message Posted: Jun 26, 2014 5:41:16 AM

and prices still go up
Profile Pic
hawkman1950
Champion Author Michigan

Posts:5,389
Points:1,185,680
Joined:Aug 2010
Message Posted: Jun 26, 2014 5:40:24 AM

And still the prices go higher.
Profile Pic
61chev
Champion Author Ontario

Posts:2,594
Points:1,230,045
Joined:Jan 2011
Message Posted: Jun 26, 2014 5:40:03 AM

ok
Profile Pic
alphanyr
Champion Author Connecticut

Posts:10,850
Points:1,320,625
Joined:Apr 2011
Message Posted: Jun 26, 2014 5:39:19 AM

Okay
Profile Pic
koened
Champion Author Fort Wayne

Posts:1,096
Points:425,495
Joined:Apr 2012
Message Posted: Jun 26, 2014 5:38:45 AM

Not sure what this means. I remember a few years back when natural gas prices were down that the local natural gas supplier said that since prices and demand were down so much, they would need to RAISE natural gas prices. Then when demand and prices increased, they would need to RAISE prices. Something tells me tue supplier was trying to come up with an excuse to raise prices. :/
Post a reply Back to Topics