Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:30 AM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Refiners bump up production, but crude, gasoline inventories fall Back to Topics
PD

Moderator
Message Posted: Jul 2, 2014 10:37:09 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 3.2 million barrels to a total of 384.9million barrels. At 384.9 million barrels, inventories are 1.1 million barrels above last year (0.3%) and are above the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.2 million barrels to 213.7 million barrels. At 213.7 million barrels, inventories are down 9.9 million barrels, or 4.4% lower than one year ago. Here's how individual regions and their gasoline inventory fared last week: East Coast (-1.3mb); Midwest (+0.2mb); Gulf Coast (-0.2mb); Rockies (-0.1mb); and West Coast (+0.2mb). It is important to note which regions saw increases/decreases as this information likely drives prices up (in the case of

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
Profile Pic
gasmask78
Champion Author Virginia

Posts:4,378
Points:948,105
Joined:Sep 2011
Message Posted: Aug 24, 2014 2:13:16 PM

Z
Profile Pic
gasmask78
Champion Author Virginia

Posts:4,378
Points:948,105
Joined:Sep 2011
Message Posted: Aug 24, 2014 2:12:46 PM

Ok
Profile Pic
Tundralimited2009
Champion Author Dallas

Posts:42,391
Points:1,960,520
Joined:Feb 2009
Message Posted: Jul 26, 2014 1:05:58 AM

Some refineries getting bigger...
Profile Pic
Tundralimited2009
Champion Author Dallas

Posts:42,391
Points:1,960,520
Joined:Feb 2009
Message Posted: Jul 25, 2014 1:15:06 AM

Perhaps
Profile Pic
gasmask78
Champion Author Virginia

Posts:4,378
Points:948,105
Joined:Sep 2011
Message Posted: Jul 23, 2014 12:53:07 AM

Cheaper gas would be great
Profile Pic
gasmask78
Champion Author Virginia

Posts:4,378
Points:948,105
Joined:Sep 2011
Message Posted: Jul 23, 2014 12:52:23 AM

K
Profile Pic
2parrots
Champion Author Massachusetts

Posts:4,324
Points:947,210
Joined:May 2012
Message Posted: Jul 12, 2014 6:58:18 AM

More refineries needed,but ObaMe says "They can`t build them "
Profile Pic
Tundralimited2009
Champion Author Dallas

Posts:42,391
Points:1,960,520
Joined:Feb 2009
Message Posted: Jul 12, 2014 5:57:53 AM

Wow hopefully soon
Profile Pic
nervous
Veteran Author Ventura

Posts:293
Points:5,985
Joined:Oct 2010
Message Posted: Jul 9, 2014 12:18:15 PM

West Coast @80.9% (lowest) output in the last several weeks. We had 20 refiners just a few years ago and now were @18 with only 16 or 17 producing gasoline currently. We should be more like Around 90%. Wait until the unelected C.A.R.B. bureaucrat's and the California's Democrat party's cap and trade (carbon credits) really takes an effect on refining beginning Jan. 2015. You can expect much more higher gasoline prices are coming because it would take decades to get a refiner built in decades because of the rules and regulation California has. It's only to get a hole lot more painful in the future for EVERY THING!
Profile Pic
Raider44
Champion Author Allentown

Posts:2,899
Points:2,164,520
Joined:Apr 2008
Message Posted: Jul 8, 2014 12:29:49 AM

we need more refinery capacity.
Profile Pic
Tundralimited2009
Champion Author Dallas

Posts:42,391
Points:1,960,520
Joined:Feb 2009
Message Posted: Jul 7, 2014 7:02:41 AM

Thank You...
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,919
Points:2,212,065
Joined:Nov 2008
Message Posted: Jul 6, 2014 8:28:58 AM

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

Posts:22,919
Points:2,212,065
Joined:Nov 2008
Message Posted: Jul 5, 2014 7:56:42 AM

Happy Birthday USA!!!!
Profile Pic
fedupp
Champion Author Cleveland

Posts:5,346
Points:34,025
Joined:May 2013
Message Posted: Jul 3, 2014 9:11:09 AM

If cheap fuel is the end goal,a source of cheap oil is where it starts-like before 2003.--North America has no source of cheap oil,has not had for 50 years-even when we had close to the surface,easy access oil it did not hold a candle to the oil fields in the countries that were shut down with war and lies to make lifting frack/shale/tar oil viable---to be very specific,some oil producing areas in Canada and the US have somewhat "cheaper" oil than frack and tar oil-----but the goal of the oil corporations for over 40 years has been to bring oil prices high enough that even much more expensive 'extraction possibilities' like north American frack/shale/tar REMAIN,permanently economically viable----if all that we are going to do is let international oil corporations develop and extract frack/shale/tar oil you can count on sky high fuel prices from now on--and I guess it is simple-----high prices make it possible,and even profitable to develop and extract frack/shale/tar oil....eh!! I think the water and the forests they are ruining to do it are worth 10 times more to us than the ridiculously high fuel prices we have seen for a decade.
Profile Pic
TheSnowstorm
Champion Author Montreal

Posts:9,668
Points:2,409,230
Joined:June 2005
Message Posted: Jul 3, 2014 7:19:11 AM

Regulate speculation (like it used to be); take care of domestic needs and supplies first (providing a stable, reasonable price) and then sell off the rest on the global markets for whatever the market will bear. The result will be consumers being much happier, stable energy costs and oil/gas industry being viewed in a better light.

Simple, eh?
Profile Pic
fedupp
Champion Author Cleveland

Posts:5,346
Points:34,025
Joined:May 2013
Message Posted: Jul 3, 2014 7:01:45 AM

While everybody is thinking clear about the trade law changes MR2 is talking about-why not try taking it one step further,and do some reading on just how expensive it is to get frack/shale/tar oil out of the ground,in several different ways---and realize no one is ever going to get cheap fuel out of it------if frack/shale/tar oil was cheap,and easy to access--like oil from real oil fields in true oil rich countries---it would not be called frack/shale/tar oil--it would be called,oil from real oil wells on real oil fields----the trade law changes that MR2 is talking about were just one of the many tools that were used the last 11 years,to first drive world market oil prices high enough,and then keep world market oil prices high enough to frack for oil-and steam tar out of sand pits----anyone who knows about oil will tell you the same thing-----first you need sky high manipulated world market oil prices(Iraq war,propaganda war on Venezuela,sanctions on Iran,trade law changes,etc.)then you need the legal ability to contaminate ground and surface water,without the possibility of prosecution-that was done with the 2005 energy policy act-it eliminated the clean water act of 1970,and gave us mandated corn ethanol(also so the oil companies can't be sued for, water rights,land rights,property value loss,etc.) then AND ONLY THEN is it worth lifting very expensive frack/shale/tar oil---the thing that gets me is the evidence for what I am saying,and what everybody in the oil business has known for years is all around us------you see it in the high prices every time you pass a gas station------and local prices may go up and down a few cents-but the price per barrel stays just below,at or around $100.00 per barrel-because frack/shale/tar oil have very high viable points,and much lower than that,it's just not worth lifting.true oil rich countries could(and did)market MUCH cheaper oil than the oil corporations here can--frack/shale/tar oil are not even close in lifting price to oil from true oil rich countries.they knew about the shale fields decades ago-but it was always way too expensive to lift, until march 20 2003.
Profile Pic
rick_evans
Champion Author Boston

Posts:6,438
Points:1,625,675
Joined:Aug 2005
Message Posted: Jul 3, 2014 6:03:03 AM

oil-k
Profile Pic
sawdust1825
Champion Author Illinois

Posts:3,389
Points:1,033,180
Joined:Sep 2011
Message Posted: Jul 3, 2014 6:02:02 AM

Prices actually dropped here yesterday.
Profile Pic
66pony
Champion Author Twin Cities

Posts:1,287
Points:2,083,655
Joined:Feb 2007
Message Posted: Jul 3, 2014 6:01:50 AM

OK
Profile Pic
Petrock
Champion Author Lexington

Posts:11,723
Points:3,159,960
Joined:Apr 2005
Message Posted: Jul 3, 2014 6:00:47 AM

Oil AND gasoline inventories down? Time for speculators to push prices up!
Profile Pic
fillerupyeoww
Champion Author Columbus

Posts:8,458
Points:2,250,460
Joined:Mar 2008
Message Posted: Jul 3, 2014 5:59:39 AM

Won't change anything.
Profile Pic
grab4it
Champion Author Fort Worth

Posts:120,700
Points:2,812,385
Joined:Jan 2007
Message Posted: Jul 3, 2014 5:59:16 AM

Good
Profile Pic
BigBearHug
Champion Author Amarillo

Posts:4,780
Points:1,080,410
Joined:Dec 2011
Message Posted: Jul 3, 2014 5:59:06 AM

great
Profile Pic
sappie
Champion Author Massachusetts

Posts:5,907
Points:1,175,290
Joined:Jul 2010
Message Posted: Jul 3, 2014 5:58:20 AM

keep the oil here.
Profile Pic
cowboy1217
All-Star Author Iowa

Posts:808
Points:387,420
Joined:Jun 2013
Message Posted: Jul 3, 2014 5:58:00 AM

I am thankful that there are still clear thinking people like 1988mr2guy. Keep right on sharing. People need to hear what you are writing.
Profile Pic
abk
Champion Author Utah

Posts:3,370
Points:1,195,900
Joined:Jan 2010
Message Posted: Jul 3, 2014 5:57:52 AM

Yeah data.
Profile Pic
vjmagic
Champion Author Fort Worth

Posts:1,769
Points:457,730
Joined:Sep 2013
Message Posted: Jul 3, 2014 5:57:06 AM

ok
Profile Pic
Bussman
Champion Author Dallas

Posts:7,727
Points:1,896,170
Joined:Nov 2008
Message Posted: Jul 3, 2014 5:56:29 AM

Ok.
Profile Pic
friday21
Champion Author Toronto

Posts:9,108
Points:1,232,920
Joined:Jul 2010
Message Posted: Jul 3, 2014 5:56:21 AM

Ok
Profile Pic
GamePlayer420
Champion Author Washington

Posts:1,792
Points:516,740
Joined:Jul 2013
Message Posted: Jul 3, 2014 5:55:10 AM

Crude oil not staying in our country.
Profile Pic
shivarr
Champion Author New Jersey

Posts:2,701
Points:682,550
Joined:Oct 2012
Message Posted: Jul 3, 2014 5:52:52 AM

ok
Profile Pic
Sanpoil
Champion Author Spokane

Posts:3,995
Points:729,400
Joined:Jun 2012
Message Posted: Jul 3, 2014 5:51:47 AM

Speculators suck.
Profile Pic
JSX515
Champion Author St. Louis

Posts:6,284
Points:1,402,140
Joined:Feb 2011
Message Posted: Jul 3, 2014 5:51:11 AM

Control of supply keeps prices high
Profile Pic
tallyman
Champion Author Tallahassee

Posts:1,528
Points:791,535
Joined:Jun 2012
Message Posted: Jul 3, 2014 5:51:11 AM

Ok.
Profile Pic
jeff95519
Champion Author California

Posts:4,981
Points:1,953,070
Joined:Sep 2008
Message Posted: Jul 3, 2014 5:51:07 AM

pump baby pump
Profile Pic
LeeFree
Champion Author Pittsburgh

Posts:11,698
Points:2,836,425
Joined:Jun 2005
Message Posted: Jul 3, 2014 5:50:57 AM

I totally agree 1988MR2guy. It will never happen though because Wall Street owns too many politicians in Congress for that type of legislation to even be drafted let alone voted upon.
Profile Pic
twt
Champion Author Virginia Beach

Posts:12,831
Points:1,584,310
Joined:Mar 2005
Message Posted: Jul 3, 2014 5:50:44 AM

Just more BS, to justify rising gas prices.
Profile Pic
subnuke
Champion Author Atlanta

Posts:9,853
Points:2,095,550
Joined:Sep 2008
Message Posted: Jul 3, 2014 5:50:41 AM

ok
Profile Pic
Ferdman17
Champion Author Albany

Posts:3,724
Points:968,955
Joined:Feb 2012
Message Posted: Jul 3, 2014 5:50:29 AM

I can only wish it would help drive prices down, but it won't...
Profile Pic
jflabbe96
Champion Author Pennsylvania

Posts:1,286
Points:510,285
Joined:May 2012
Message Posted: Jul 3, 2014 5:48:32 AM

Too bad that this information is useless. There is always a reason to justify increasing prices, and big oil will use all of them.
Profile Pic
AESJOBLOM4
Champion Author Florida

Posts:2,152
Points:847,540
Joined:Nov 2006
Message Posted: Jul 3, 2014 5:48:08 AM

CARRY ON
Profile Pic
O4SHR
All-Star Author New Brunswick

Posts:768
Points:233,980
Joined:Jan 2014
Message Posted: Jul 3, 2014 5:47:51 AM

Summer holidays.
Profile Pic
bills299
Champion Author Atlanta

Posts:5,891
Points:1,499,260
Joined:May 2005
Message Posted: Jul 3, 2014 5:47:33 AM

More use during the summer!
Profile Pic
WEB0153
Champion Author Maryland

Posts:3,156
Points:745,535
Joined:Dec 2012
Message Posted: Jul 3, 2014 5:47:08 AM

ok
Profile Pic
Rednix
Champion Author Miami

Posts:8,632
Points:1,868,260
Joined:Jul 2009
Message Posted: Jul 3, 2014 5:46:56 AM

Keep bumping it up. We have a lot of oil.
Profile Pic
willinh
All-Star Author New Hampshire

Posts:626
Points:1,197,380
Joined:Apr 2009
Message Posted: Jul 3, 2014 5:45:23 AM

OK
Profile Pic
jppezz
Champion Author New Mexico

Posts:11,153
Points:2,291,315
Joined:Jun 2008
Message Posted: Jul 3, 2014 5:43:27 AM

Oil companies get away with anything they want.
Profile Pic
kobes1
Champion Author Florida

Posts:5,090
Points:1,157,580
Joined:Aug 2011
Message Posted: Jul 3, 2014 5:42:09 AM

What crap
Profile Pic
NJColt
Champion Author New Jersey

Posts:15,040
Points:3,232,430
Joined:Aug 2005
Message Posted: Jul 3, 2014 5:40:46 AM

EIA REPORTS = WORTHLESS
Profile Pic
hawkman1950
Champion Author Michigan

Posts:5,244
Points:1,142,755
Joined:Aug 2010
Message Posted: Jul 3, 2014 5:40:38 AM

What ever.
Post a reply Back to Topics