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EIA: Rise in gasoline inventories offset decrease in crude inventories

GasBuddy Blog -- The Energy Information Administration released its weekly report on the condition of petroleum inventories in the United States today.

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories decreased by 4.7 million barrels to a total of 378.2 million barrels. At 378.2 million barrels, inventories are 22.7 million barrels above last year (6.4%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 2.8 million barrels to 207.7 million barrels. At 207.7 million barrels, inventories are down 4.0 million barrels, or 1.9% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.1mb); Midwest...

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Submitted Jul 11, 2012 By: PD

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albert2008 Champion Author Winnipeg Posts:7,357 Points:1,481,985 Joined:Sep 2008	Message Posted: Jul 17, 2012 8:40:59 AM Ignore albert2008 Report Abuse thats good
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Jul 17, 2012 5:56:38 AM Ignore honda0105 Report Abuse Lily: it's no longer as close to the surface.
Lilly02 Champion Author Rockford Posts:1,668 Points:525,815 Joined:Oct 2011	Message Posted: Jul 16, 2012 2:57:01 PM Ignore Lilly02 Report Abuse I don't understand. Oil still comes out of the ground the same as 50 years ago. Why dose it cost so much today.
albert2008 Champion Author Winnipeg Posts:7,357 Points:1,481,985 Joined:Sep 2008	Message Posted: Jul 16, 2012 9:13:47 AM Ignore albert2008 Report Abuse thats nice
stonecold5005 All-Star Author Waco Posts:817 Points:20,240 Joined:Mar 2012	Message Posted: Jul 16, 2012 8:39:18 AM Ignore stonecold5005 Report Abuse good
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Jul 16, 2012 5:41:01 AM Ignore honda0105 Report Abuse indeed albert. It always does, desn't it?
albert2008 Champion Author Winnipeg Posts:7,357 Points:1,481,985 Joined:Sep 2008	Message Posted: Jul 15, 2012 8:43:24 AM Ignore albert2008 Report Abuse time will tell all
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Jul 15, 2012 7:55:17 AM Ignore honda0105 Report Abuse which means prices SHOULD be falling... but they're not. The usual summer game played by Pig Oil.
Soglaos Champion Author Virginia Beach Posts:2,771 Points:741,155 Joined:Feb 2011	Message Posted: Jul 13, 2012 12:31:55 PM Ignore Soglaos Report Abuse repeat
CapriceWagon All-Star Author Washington Posts:944 Points:480,045 Joined:Feb 2008	Message Posted: Jul 12, 2012 2:55:51 PM Ignore CapriceWagon Report Abuse And all this means? Something changed, better jack the prices
SUV2009 Champion Author Orlando Posts:4,418 Points:1,144,190 Joined:Oct 2009	Message Posted: Jul 12, 2012 2:02:11 PM Ignore SUV2009 Report Abuse Good info.
sparky808 Champion Author Honolulu Posts:3,008 Points:599,685 Joined:Sep 2011	Message Posted: Jul 12, 2012 1:18:14 PM Ignore sparky808 Report Abuse Thank you for posting.
bart_reed Champion Author Los Angeles Posts:3,979 Points:786,605 Joined:Mar 2011	Message Posted: Jul 12, 2012 11:12:31 AM Ignore bart_reed Report Abuse This doesn't make a difference at the pump.
cricket48750 All-Star Author Michigan Posts:802 Points:414,330 Joined:May 2011	Message Posted: Jul 12, 2012 10:27:23 AM Ignore cricket48750 Report Abuse Inventories up, prices up - the system does not work!
techque Champion Author St. Louis Posts:8,660 Points:2,421,355 Joined:Apr 2005	Message Posted: Jul 12, 2012 10:01:32 AM Ignore techque Report Abuse so why have petroterrorist retail gougers around here jacked prices 26 cents/gallon in the lat 10 days ??
firedudette Champion Author St. Louis Posts:11,902 Points:2,118,050 Joined:Jul 2005	Message Posted: Jul 12, 2012 10:01:07 AM Ignore firedudette Report Abuse ok
teamsimons Champion Author South Carolina Posts:2,478 Points:503,095 Joined:Aug 2011	Message Posted: Jul 12, 2012 9:59:57 AM Ignore teamsimons Report Abuse We commented on this yesterday...
ss70 Champion Author Detroit Posts:9,669 Points:1,871,075 Joined:Sep 2005	Message Posted: Jul 12, 2012 9:59:53 AM Ignore ss70 Report Abuse For the economy we have Gas should be below 2.50 for sure but traders make money whatever is the situation
lonewolfhead Champion Author Texas Posts:1,652 Points:562,810 Joined:Aug 2011	Message Posted: Jul 12, 2012 9:59:46 AM Ignore lonewolfhead Report Abuse It is up need to go down tell Obama to tell speculators
Liberty2000 Champion Author Indianapolis Posts:1,739 Points:280,520 Joined:Jun 2007	Message Posted: Jul 12, 2012 9:59:35 AM Ignore Liberty2000 Report Abuse Uh huh!
SpankyMI Champion Author Kalamazoo Posts:2,718 Points:761,230 Joined:Jan 2011	Message Posted: Jul 12, 2012 9:59:34 AM Ignore SpankyMI Report Abuse Up and down, watch the bouncing oil barrel.
LostAgain2009 Champion Author New Mexico Posts:2,398 Points:711,685 Joined:Apr 2009	Message Posted: Jul 12, 2012 9:59:01 AM Ignore LostAgain2009 Report Abuse And still pump prices are increasing.
Susieq60 All-Star Author Columbus Posts:969 Points:128,915 Joined:Sep 2011	Message Posted: Jul 12, 2012 9:57:48 AM Ignore Susieq60 Report Abuse and, of course, our gasoline prices will rise
Heltonw Champion Author Montana Posts:3,314 Points:1,660,340 Joined:Dec 2007	Message Posted: Jul 12, 2012 9:56:22 AM Ignore Heltonw Report Abuse Drill here and refine here.
mberg Champion Author Houston Posts:3,812 Points:961,355 Joined:Aug 2010	Message Posted: Jul 12, 2012 9:55:57 AM Ignore mberg Report Abuse Read this yesterday.
LoadToad Champion Author San Diego Posts:1,364 Points:1,298,045 Joined:Sep 2005	Message Posted: Jul 12, 2012 9:55:31 AM Ignore LoadToad Report Abuse Sell at home instead of exporting.
silverfoxv65 Champion Author Michigan Posts:4,485 Points:1,231,025 Joined:Sep 2009	Message Posted: Jul 12, 2012 9:54:58 AM Ignore silverfoxv65 Report Abuse People just keep on making less and less money! They just can not pay these prices.
PettyEddie2012 Champion Author New York City Posts:1,749 Points:350,340 Joined:May 2012	Message Posted: Jul 12, 2012 9:54:15 AM Ignore PettyEddie2012 Report Abuse Gasoline inventory in my cars' gas tanks rose this week. Point? Equally USELESS information!
diegotoad Champion Author Maryland Posts:3,412 Points:816,400 Joined:Jul 2009	Message Posted: Jul 12, 2012 9:54:10 AM Ignore diegotoad Report Abuse Still will result in higher gas prices.
paulp24 Champion Author Harrisburg Posts:4,547 Points:823,300 Joined:Dec 2010	Message Posted: Jul 12, 2012 9:54:04 AM Ignore paulp24 Report Abuse ok
dopster Champion Author Toledo Posts:7,281 Points:2,293,225 Joined:Aug 2004	Message Posted: Jul 12, 2012 9:53:57 AM Ignore dopster Report Abuse Just keep decreasing the price at the pump!
ciimike Champion Author Nevada Posts:4,638 Points:1,062,060 Joined:Aug 2005	Message Posted: Jul 12, 2012 9:53:29 AM Ignore ciimike Report Abuse Thanks for the info.
momof5MN Champion Author Twin Cities Posts:4,059 Points:214,935 Joined:Feb 2011	Message Posted: Jul 12, 2012 9:52:57 AM Ignore momof5MN Report Abuse Yesterday's news.
photobuddy Champion Author Washington Posts:1,620 Points:370,255 Joined:Feb 2012	Message Posted: Jul 12, 2012 9:52:40 AM Ignore photobuddy Report Abuse Crude oil inventories are down but this is countered by the fact that refined inventories are up. My guess is this is no reason for prices to increase as the companies still have more then before.
Tutootin Champion Author Toronto Posts:10,126 Points:3,078,405 Joined:Jun 2004	Message Posted: Jul 12, 2012 9:52:13 AM Ignore Tutootin Report Abuse Yesterday's article...AGAIN!!!!!
k2kipp Champion Author Minnesota Posts:3,168 Points:1,128,100 Joined:Sep 2005	Message Posted: Jul 12, 2012 9:52:12 AM Ignore k2kipp Report Abuse Nothing but legal fraud!
olebufnav Champion Author Omaha Posts:3,983 Points:1,024,205 Joined:Nov 2008	Message Posted: Jul 12, 2012 9:50:52 AM Ignore olebufnav Report Abuse What a mess.
Daddy16 Veteran Author Fort Wayne Posts:318 Points:94,700 Joined:May 2011	Message Posted: Jul 12, 2012 9:50:39 AM Ignore Daddy16 Report Abuse so....
doncNJ Champion Author New Jersey Posts:7,526 Points:1,506,070 Joined:Oct 2008	Message Posted: Jul 12, 2012 9:47:02 AM Ignore doncNJ Report Abuse Gas inventory is up but so are the pump prices.
Sam195 Champion Author San Bernardino Posts:8,095 Points:1,576,050 Joined:Oct 2008	Message Posted: Jul 12, 2012 9:46:07 AM Ignore Sam195 Report Abuse Sounds like it all evens out.
PaylessKY Champion Author Kentucky Posts:8,730 Points:1,582,425 Joined:Oct 2008	Message Posted: Jul 12, 2012 9:45:51 AM Ignore PaylessKY Report Abuse It takes crude oil to make gasoline, so if its not replenished, it would reduce it.
mikerroy Champion Author Albuquerque Posts:2,571 Points:721,895 Joined:May 2005	Message Posted: Jul 12, 2012 9:45:22 AM Ignore mikerroy Report Abuse Ok
sit Champion Author Cleveland Posts:5,210 Points:1,933,920 Joined:Feb 2006	Message Posted: Jul 12, 2012 9:44:20 AM Ignore sit Report Abuse OK
slgas Champion Author Houston Posts:6,035 Points:1,563,515 Joined:Oct 2008	Message Posted: Jul 12, 2012 9:43:54 AM Ignore slgas Report Abuse And the long term trend that should really concern us is....?
truckpdlr Champion Author Tucson Posts:2,954 Points:1,097,070 Joined:Sep 2009	Message Posted: Jul 12, 2012 9:43:19 AM Ignore truckpdlr Report Abuse We are all saving more fuel
DABEE1073 Champion Author San Diego Posts:8,210 Points:1,574,060 Joined:Jun 2008	Message Posted: Jul 12, 2012 9:43:06 AM Ignore DABEE1073 Report Abuse SO PUMP MORE CRUDE!!
caddilac Champion Author Ontario Posts:16,611 Points:2,141,430 Joined:Apr 2007	Message Posted: Jul 12, 2012 9:43:05 AM Ignore caddilac Report Abuse Up down, up down.........
BANKIS2 Champion Author Phoenix Posts:4,272 Points:915,530 Joined:Aug 2010	Message Posted: Jul 12, 2012 9:42:29 AM Ignore BANKIS2 Report Abuse Hm
nskmda Champion Author Grand Rapids Posts:1,290 Points:787,530 Joined:May 2007	Message Posted: Jul 12, 2012 9:41:42 AM Ignore nskmda Report Abuse offset? really? the price of gas only going up and up...
matt431 Rookie Author Phoenix Posts:25 Points:12,480 Joined:Jul 2009	Message Posted: Jul 12, 2012 9:40:51 AM Ignore matt431 Report Abuse it use to be,if you conserved you would be rewarded,now you get punished