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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

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REPLIES (newest first) Post a Reply
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gasmask78
Champion Author Virginia

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Message Posted: Aug 1, 2014 1:07:58 AM

Hmmm
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gasmask78
Champion Author Virginia

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Message Posted: Aug 1, 2014 1:07:42 AM

Q
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Tundralimited2009
Champion Author Dallas

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Message Posted: Jul 9, 2014 1:52:23 AM

More is less
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honda0105
Champion Author Tallahassee

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Message Posted: Jun 28, 2014 8:00:42 AM

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

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Message Posted: Jun 28, 2014 3:20:20 AM

Time will tell...
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sydb7
Champion Author Atlanta

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Message Posted: Jun 27, 2014 4:06:56 PM

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

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Message Posted: Jun 27, 2014 5:54:59 AM

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

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Message Posted: Jun 26, 2014 7:52:12 PM

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

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Message Posted: Jun 26, 2014 10:24:14 AM

gas $2 yet?
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streetdesign
Champion Author Illinois

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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.
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sydb7
Champion Author Atlanta

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Message Posted: Jun 26, 2014 6:30:57 AM

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

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Message Posted: Jun 26, 2014 6:08:50 AM

Ok.
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Ziggy1962
Champion Author New Jersey

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Message Posted: Jun 26, 2014 6:08:13 AM

Ok.
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Ferdman17
Champion Author Albany

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Message Posted: Jun 26, 2014 6:01:10 AM

Good
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aburns20
Champion Author Virginia Beach

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Message Posted: Jun 26, 2014 6:01:08 AM

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

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Message Posted: Jun 26, 2014 6:00:09 AM

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

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Message Posted: Jun 26, 2014 6:00:09 AM

Ok
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grab4it
Champion Author Fort Worth

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Message Posted: Jun 26, 2014 5:59:33 AM

Good
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LaMigra
All-Star Author Laredo

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Message Posted: Jun 26, 2014 5:59:18 AM

ok
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Hunter114
Champion Author Chicago

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Message Posted: Jun 26, 2014 5:58:19 AM

Agree with Mopar4me.
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Rick52
Champion Author Milwaukee

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Message Posted: Jun 26, 2014 5:56:46 AM

And Prices continue to Climb..
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rupert64
All-Star Author Dayton

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Message Posted: Jun 26, 2014 5:55:17 AM

ok
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Mopar4me
Champion Author Peoria

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Message Posted: Jun 26, 2014 5:54:31 AM

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

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Message Posted: Jun 26, 2014 5:54:30 AM

ok
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jacob5066
Champion Author College Station

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Message Posted: Jun 26, 2014 5:54:11 AM

Thanks
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ByGuy
Champion Author Dallas

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Message Posted: Jun 26, 2014 5:53:40 AM

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

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Message Posted: Jun 26, 2014 5:53:07 AM

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

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Message Posted: Jun 26, 2014 5:51:29 AM

will see
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GasBubby514
All-Star Author Kentucky

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Message Posted: Jun 26, 2014 5:51:21 AM

Whatever
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fillerupyeoww
Champion Author Columbus

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Message Posted: Jun 26, 2014 5:49:23 AM

At least we have plenty.
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ARMADA157
Champion Author Detroit

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Message Posted: Jun 26, 2014 5:48:15 AM

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

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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!
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Luap1
Veteran Author Maine

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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
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tallyman
Champion Author Tallahassee

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Message Posted: Jun 26, 2014 5:46:51 AM

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

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Message Posted: Jun 26, 2014 5:46:07 AM

Duh!
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valby
Champion Author Massachusetts

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Message Posted: Jun 26, 2014 5:45:16 AM

Prices are too.
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AvantiMick
Champion Author Indiana

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Message Posted: Jun 26, 2014 5:45:14 AM

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

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Message Posted: Jun 26, 2014 5:44:49 AM

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

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Message Posted: Jun 26, 2014 5:44:30 AM

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

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Message Posted: Jun 26, 2014 5:43:43 AM

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

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Message Posted: Jun 26, 2014 5:42:49 AM

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

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Message Posted: Jun 26, 2014 5:42:33 AM

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

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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.
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74celica
Champion Author Columbus

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Message Posted: Jun 26, 2014 5:41:16 AM

and prices still go up
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hawkman1950
Champion Author Michigan

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Message Posted: Jun 26, 2014 5:40:24 AM

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

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Message Posted: Jun 26, 2014 5:40:03 AM

ok
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alphanyr
Champion Author Connecticut

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Message Posted: Jun 26, 2014 5:39:19 AM

Okay
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koened
All-Star Author Fort Wayne

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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. :/
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hamdriver
Champion Author Lansing

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Message Posted: Jun 26, 2014 5:37:42 AM

Then why did the price go up?
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metrojeep
Champion Author Fort Worth

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Message Posted: Jun 26, 2014 5:37:20 AM

More numbers and not "pump" related
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