Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:59 AM

GasBuddy News Article

33
votes
EIA weekly report shows fuel inventory increases; reduction in refinery production

GasBuddy Blog --
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 2.6 million barrels to a total of 371.7 million barrels. At 371.7 million barrels, inventories are 32.3 million barrels above last year (3.1%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 1.7 million barrels to 234.0 million barrels. At 234 million barrels, inventories are up 2.3 million barrels, or 1% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+2.9mb); Midwest...


Read the Full Article

Submitted Feb 06, 2013 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA weekly report shows fuel inventory increases; reduction in refinery production Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:23,209
Points:2,267,665
Joined:Nov 2008
Message Posted: Feb 12, 2013 6:02:20 AM

Vom: you're right about that.
Profile Pic
VomVom
Champion Author Calgary

Posts:3,952
Points:2,128,760
Joined:May 2007
Message Posted: Feb 11, 2013 4:02:01 PM

If the Obama Administration would tighten the rein on the speculators, might be the EIA weekly reports would mean something. Right now inventories means absolutely nothing.
Profile Pic
moose21040
Veteran Author Baltimore

Posts:256
Points:371,440
Joined:Jan 2011
Message Posted: Feb 11, 2013 10:53:38 AM

An so the gas prices still keep going up
Profile Pic
honda0105
Champion Author Tallahassee

Posts:23,209
Points:2,267,665
Joined:Nov 2008
Message Posted: Feb 11, 2013 12:01:37 AM

with refined products inventory up, refineries are slowing down so there is no glut. Anything to keep a bottle-neck (as if Nemo wasn't enough of a nemesis...)
Profile Pic
honda0105
Champion Author Tallahassee

Posts:23,209
Points:2,267,665
Joined:Nov 2008
Message Posted: Feb 10, 2013 8:01:16 AM

tattoo: indeed.
Profile Pic
Tattooedmom67
All-Star Author Milwaukee

Posts:943
Points:231,225
Joined:Apr 2012
Message Posted: Feb 9, 2013 6:43:18 PM

It's all about $$$$$.. Greed!!!!
Profile Pic
honda0105
Champion Author Tallahassee

Posts:23,209
Points:2,267,665
Joined:Nov 2008
Message Posted: Feb 9, 2013 7:27:54 AM

CCL: these reports fluctuate from week to week. No surprise.

Skooter: they don't b/c there are no pipelines to move the refined fuel around w/in the US.
Profile Pic
SmkyPlyr984
Veteran Author Connecticut

Posts:482
Points:7,460
Joined:Oct 2012
Message Posted: Feb 8, 2013 12:33:38 AM

its not even driving season yet,, gas is 3 90 a gallon ..dam we lookin at 5 bucks come spring and summer..
Profile Pic
SkooterG
Champion Author Phoenix

Posts:3,398
Points:934,250
Joined:May 2012
Message Posted: Feb 7, 2013 1:48:09 PM

So prices should be coming down!
Profile Pic
BMWer
Champion Author Calgary

Posts:4,461
Points:2,304,530
Joined:Dec 2003
Message Posted: Feb 7, 2013 10:32:09 AM

Drop the gas price!
Profile Pic
gravityhurts
Champion Author North Carolina

Posts:5,625
Points:1,525,445
Joined:Sep 2008
Message Posted: Feb 7, 2013 8:57:57 AM

And this explains the reason why prices are still rising?
Profile Pic
DarwinTheDog
Champion Author Phoenix

Posts:6,763
Points:1,579,695
Joined:Jan 2009
Message Posted: Feb 7, 2013 8:45:00 AM

so why is the pricing still going up?
Profile Pic
prcoqui
Champion Author Maryland

Posts:5,615
Points:2,114,415
Joined:Dec 2006
Message Posted: Feb 7, 2013 6:36:36 AM

Who cares about crude & gas inventories. They have nothing to with with the price of gas.
Profile Pic
WonderfulMI
Champion Author Michigan

Posts:14,591
Points:2,444,445
Joined:Jun 2008
Message Posted: Feb 7, 2013 6:23:12 AM

Strange, is it not? Oil prices are down, but fuel prices are high. The Koch Brothers must need more money to pay for elections.
Profile Pic
fillerupyeoww
Champion Author Columbus

Posts:8,638
Points:2,305,900
Joined:Mar 2008
Message Posted: Feb 7, 2013 6:12:23 AM

Won't help.
Profile Pic
abk
Champion Author Utah

Posts:3,515
Points:1,247,925
Joined:Jan 2010
Message Posted: Feb 7, 2013 6:04:16 AM

More fuel isn't supposed to translate to higher pump prices.
Profile Pic
werich44
Champion Author California

Posts:4,621
Points:1,119,065
Joined:Jun 2011
Message Posted: Feb 7, 2013 6:03:47 AM

Totally corrupt, just like the administration.
Profile Pic
NJColt
Champion Author New Jersey

Posts:15,220
Points:3,287,765
Joined:Aug 2005
Message Posted: Feb 7, 2013 6:03:38 AM

Same ole song and dance.
Profile Pic
neptune2008
Champion Author Michigan

Posts:10,376
Points:2,231,780
Joined:Aug 2008
Message Posted: Feb 7, 2013 6:03:25 AM

greed greed greed
Profile Pic
thepi
All-Star Author Twin Cities

Posts:859
Points:1,871,320
Joined:Nov 2001
Message Posted: Feb 7, 2013 6:02:45 AM

And the pump price keeps going up, up, and up further!
Profile Pic
speedys
Champion Author Utah

Posts:9,770
Points:3,215,530
Joined:Nov 2005
Message Posted: Feb 7, 2013 6:02:28 AM

It means nothing as prices are on the increase.
Profile Pic
Ringmaster2008
Champion Author Ontario

Posts:10,106
Points:1,629,955
Joined:Apr 2008
Message Posted: Feb 7, 2013 6:02:27 AM

And the price at the pump is climbing
Profile Pic
gaspumpin
Champion Author Indiana

Posts:4,112
Points:1,037,600
Joined:Apr 2012
Message Posted: Feb 7, 2013 6:00:13 AM

Sooooo?
Profile Pic
kirzon484
Champion Author Atlanta

Posts:4,532
Points:1,076,900
Joined:Jun 2011
Message Posted: Feb 7, 2013 5:59:45 AM

ther are reports to be had from every angle
Profile Pic
Ferdman17
Champion Author Albany

Posts:3,889
Points:1,024,005
Joined:Feb 2012
Message Posted: Feb 7, 2013 5:58:35 AM

It really means nothing
Profile Pic
76chevy
Champion Author Toledo

Posts:5,262
Points:1,318,025
Joined:Jun 2010
Message Posted: Feb 7, 2013 5:58:34 AM

It's cocktail hour. They are starting to make lower emission fuel to meet standards set in individual cities by "people who know". Special and different costs more. All fuel production should be the same.
Profile Pic
camel1
Champion Author Minnesota

Posts:10,992
Points:2,910,865
Joined:Jul 2006
Message Posted: Feb 7, 2013 5:57:48 AM

inventories increased and so did prices. this seems odd
Profile Pic
bobzilla11
Champion Author Indiana

Posts:2,761
Points:1,103,200
Joined:May 2011
Message Posted: Feb 7, 2013 5:56:24 AM

yet pump price skyrockets
Profile Pic
no_monkey2002
Champion Author Tallahassee

Posts:8,872
Points:2,166,670
Joined:Mar 2006
Message Posted: Feb 7, 2013 5:54:22 AM

inventory is up so why is the price of gas up also...no ...way..obama must be in the stock market again..
Profile Pic
LeeFree
Champion Author Pittsburgh

Posts:11,878
Points:2,892,025
Joined:Jun 2005
Message Posted: Feb 7, 2013 5:53:55 AM

Not doing anything to the pump prices here. Stuck at $3.70/gal.
Profile Pic
raccoon2011
Champion Author Massachusetts

Posts:4,170
Points:1,004,315
Joined:Aug 2011
Message Posted: Feb 7, 2013 5:53:53 AM

still way to high here
Profile Pic
bikechuck
Champion Author Indianapolis

Posts:9,806
Points:2,720,675
Joined:Apr 2006
Message Posted: Feb 7, 2013 5:52:55 AM

Doesn't seem to have much of an impact on the prices we pay. Information for investors who might know what to do with it.
Profile Pic
Robert44
Champion Author Columbus

Posts:4,800
Points:1,736,595
Joined:Mar 2004
Message Posted: Feb 7, 2013 5:52:08 AM

Up up up and away
Profile Pic
bassakwards007
Champion Author Orange County

Posts:3,839
Points:898,180
Joined:Aug 2012
Message Posted: Feb 7, 2013 5:52:07 AM

saw it yesterday 4.17 gal in some places
Profile Pic
fordfan1
Champion Author Indiana

Posts:11,843
Points:2,548,535
Joined:Jul 2007
Message Posted: Feb 7, 2013 5:49:57 AM

And yet we are paying $3.70 a gallon here in Northeast Indiana!!!!
Profile Pic
jobo74
Champion Author Ontario

Posts:2,310
Points:1,335,745
Joined:May 2010
Message Posted: Feb 7, 2013 5:49:48 AM

more lies that prove this system is messed up
Profile Pic
N5EXY
Champion Author Austin

Posts:8,277
Points:2,167,070
Joined:Jul 2004
Message Posted: Feb 7, 2013 5:48:21 AM

More BS.
Profile Pic
gabisgram
Champion Author Michigan

Posts:4,388
Points:1,403,340
Joined:Sep 2006
Message Posted: Feb 7, 2013 5:47:44 AM

Inventories up, prices up.
Profile Pic
turbodog
Champion Author Mississippi

Posts:9,512
Points:2,016,115
Joined:Feb 2009
Message Posted: Feb 7, 2013 5:47:39 AM

Controlled supply
Profile Pic
ILVET
Champion Author Illinois

Posts:17,711
Points:3,580,445
Joined:Jan 2005
Message Posted: Feb 7, 2013 5:46:01 AM

Man and his love of money
Profile Pic
Dailyrun
Champion Author Kentucky

Posts:2,217
Points:434,915
Joined:Apr 2012
Message Posted: Feb 7, 2013 5:45:03 AM

too many ads
Profile Pic
jeff95519
Champion Author California

Posts:5,161
Points:2,008,750
Joined:Sep 2008
Message Posted: Feb 7, 2013 5:44:57 AM

spring maintenance coming soon
Profile Pic
OriginalBudman
Champion Author Barrie

Posts:12,477
Points:2,821,200
Joined:Apr 2006
Message Posted: Feb 7, 2013 5:43:52 AM

More supply and prices going up?
Profile Pic
stpetebp
Champion Author Tampa

Posts:7,590
Points:2,305,935
Joined:Nov 2007
Message Posted: Feb 7, 2013 5:43:28 AM

Low on fuel in the Tampa area. Saw three stations out of gas on the way to work...
Profile Pic
FocusST2
Champion Author North Carolina

Posts:10,607
Points:2,017,120
Joined:Jul 2009
Message Posted: Feb 7, 2013 5:42:18 AM

Attempting a slow down at the refinery to prevent a glut. While the price of gas continues to creep up.
Profile Pic
WGW1
Champion Author British Columbia

Posts:3,788
Points:1,020,505
Joined:Jun 2010
Message Posted: Feb 7, 2013 5:40:07 AM

what happened to supply and demand.
Profile Pic
Hi1
Champion Author Ontario

Posts:7,303
Points:2,322,290
Joined:Jun 2007
Message Posted: Feb 7, 2013 5:38:11 AM

And still the price of gas is going up at the pump,
Profile Pic
dhawk24
Champion Author Maine

Posts:10,430
Points:2,212,830
Joined:Jul 2008
Message Posted: Feb 7, 2013 5:38:05 AM

And yet the price continues to go up at the pump. Supply and demand used to mean something. These reports are meaningless. It is all about the speculators now.
Profile Pic
Lengas
Champion Author Gary

Posts:16,491
Points:3,375,575
Joined:Nov 2004
Message Posted: Feb 7, 2013 5:37:53 AM

And gas prices continue climbing, BIG OIL MANIPILATION!!!!!!!!!!!!!!!!!!!!!!!!
Profile Pic
biggyhy
Champion Author Milwaukee

Posts:3,165
Points:1,036,830
Joined:Sep 2011
Message Posted: Feb 7, 2013 5:37:31 AM

and where is where lower prices
Post a reply Back to Topics