GasBuddy Blog

GasBuddy News Article

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

Back To News

Category: GasBuddy Official Blog > Topics	Add to favorite topics Post New Topic

Author	Topic: EIA weekly report shows fuel inventory increases; reduction in refinery production	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

honda0105 Champion Author Tallahassee Posts:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: Feb 12, 2013 6:02:20 AM Ignore honda0105 Report Abuse Vom: you're right about that.
VomVom Champion Author Calgary Posts:3,863 Points:1,647,725 Joined:May 2007	Message Posted: Feb 11, 2013 4:02:01 PM Ignore VomVom Report Abuse 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.
moose21040 Rookie Author Baltimore Posts:88 Points:135,720 Joined:Jan 2011	Message Posted: Feb 11, 2013 10:53:38 AM Ignore moose21040 Report Abuse An so the gas prices still keep going up
honda0105 Champion Author Tallahassee Posts:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: Feb 11, 2013 12:01:37 AM Ignore honda0105 Report Abuse 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...)
honda0105 Champion Author Tallahassee Posts:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: Feb 10, 2013 8:01:16 AM Ignore honda0105 Report Abuse tattoo: indeed.
Tattooedmom67 All-Star Author Milwaukee Posts:943 Points:188,425 Joined:Apr 2012	Message Posted: Feb 9, 2013 6:43:18 PM Ignore Tattooedmom67 Report Abuse It's all about $$$$$.. Greed!!!!
honda0105 Champion Author Tallahassee Posts:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: Feb 9, 2013 7:27:54 AM Ignore honda0105 Report Abuse 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.
SmkyPlyr984 Veteran Author Connecticut Posts:409 Points:6,060 Joined:Oct 2012	Message Posted: Feb 8, 2013 12:33:38 AM Ignore SmkyPlyr984 Report Abuse its not even driving season yet,, gas is 3 90 a gallon ..dam we lookin at 5 bucks come spring and summer..
SkooterG Champion Author Phoenix Posts:1,369 Points:344,185 Joined:May 2012	Message Posted: Feb 7, 2013 1:48:09 PM Ignore SkooterG Report Abuse So prices should be coming down!
BMWer Champion Author Calgary Posts:2,186 Points:1,691,150 Joined:Dec 2003	Message Posted: Feb 7, 2013 10:32:09 AM Ignore BMWer Report Abuse Drop the gas price!
gravityhurts Champion Author North Carolina Posts:4,229 Points:964,230 Joined:Sep 2008	Message Posted: Feb 7, 2013 8:57:57 AM Ignore gravityhurts Report Abuse And this explains the reason why prices are still rising?
DarwinTheDog Champion Author Allentown Posts:4,362 Points:968,420 Joined:Jan 2009	Message Posted: Feb 7, 2013 8:45:00 AM Ignore DarwinTheDog Report Abuse so why is the pricing still going up?
prcoqui Champion Author Maryland Posts:4,036 Points:1,691,700 Joined:Dec 2006	Message Posted: Feb 7, 2013 6:36:36 AM Ignore prcoqui Report Abuse Who cares about crude & gas inventories. They have nothing to with with the price of gas.
WonderfulMI Champion Author Michigan Posts:11,801 Points:1,814,120 Joined:Jun 2008	Message Posted: Feb 7, 2013 6:23:12 AM Ignore WonderfulMI Report Abuse Strange, is it not? Oil prices are down, but fuel prices are high. The Koch Brothers must need more money to pay for elections.
fillerupyeoww Champion Author Columbus Posts:6,013 Points:1,676,900 Joined:Mar 2008	Message Posted: Feb 7, 2013 6:12:23 AM Ignore fillerupyeoww Report Abuse Won't help.
abk Champion Author Utah Posts:1,855 Points:676,075 Joined:Jan 2010	Message Posted: Feb 7, 2013 6:04:16 AM Ignore abk Report Abuse More fuel isn't supposed to translate to higher pump prices.
werich44 Champion Author California Posts:1,996 Points:495,695 Joined:Jun 2011	Message Posted: Feb 7, 2013 6:03:47 AM Ignore werich44 Report Abuse Totally corrupt, just like the administration.
NJColt Champion Author New Jersey Posts:12,765 Points:2,670,235 Joined:Aug 2005	Message Posted: Feb 7, 2013 6:03:38 AM Ignore NJColt Report Abuse Same ole song and dance.
neptune2008 Champion Author Michigan Posts:8,711 Points:1,697,200 Joined:Aug 2008	Message Posted: Feb 7, 2013 6:03:25 AM Ignore neptune2008 Report Abuse greed greed greed
thepi All-Star Author Twin Cities Posts:750 Points:1,360,790 Joined:Nov 2001	Message Posted: Feb 7, 2013 6:02:45 AM Ignore thepi Report Abuse And the pump price keeps going up, up, and up further!
speedys Champion Author Utah Posts:7,152 Points:2,585,610 Joined:Nov 2005	Message Posted: Feb 7, 2013 6:02:28 AM Ignore speedys Report Abuse It means nothing as prices are on the increase.
Ringmaster2008 Champion Author Ontario Posts:7,718 Points:1,184,735 Joined:Apr 2008	Message Posted: Feb 7, 2013 6:02:27 AM Ignore Ringmaster2008 Report Abuse And the price at the pump is climbing
gaspumpin Champion Author Indiana Posts:1,792 Points:415,820 Joined:Apr 2012	Message Posted: Feb 7, 2013 6:00:13 AM Ignore gaspumpin Report Abuse Sooooo?
kirzon484 Champion Author Atlanta Posts:2,006 Points:460,985 Joined:Jun 2011	Message Posted: Feb 7, 2013 5:59:45 AM Ignore kirzon484 Report Abuse ther are reports to be had from every angle
Ferdman17 Champion Author Albany Posts:1,420 Points:401,035 Joined:Feb 2012	Message Posted: Feb 7, 2013 5:58:35 AM Ignore Ferdman17 Report Abuse It really means nothing
76chevy Champion Author Toledo Posts:4,023 Points:778,620 Joined:Jun 2010	Message Posted: Feb 7, 2013 5:58:34 AM Ignore 76chevy Report Abuse 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.
camel1 Champion Author Minnesota Posts:8,410 Points:2,294,315 Joined:Jul 2006	Message Posted: Feb 7, 2013 5:57:48 AM Ignore camel1 Report Abuse inventories increased and so did prices. this seems odd
bobzilla11 Champion Author Indiana Posts:1,308 Points:520,550 Joined:May 2011	Message Posted: Feb 7, 2013 5:56:24 AM Ignore bobzilla11 Report Abuse yet pump price skyrockets
no_monkey2002 Champion Author Tallahassee Posts:8,528 Points:2,093,135 Joined:Mar 2006	Message Posted: Feb 7, 2013 5:54:22 AM Ignore no_monkey2002 Report Abuse inventory is up so why is the price of gas up also...no ...way..obama must be in the stock market again..
LeeFree Champion Author Pittsburgh Posts:9,291 Points:2,271,150 Joined:Jun 2005	Message Posted: Feb 7, 2013 5:53:55 AM Ignore LeeFree Report Abuse Not doing anything to the pump prices here. Stuck at $3.70/gal.
raccoon2011 Champion Author Massachusetts Posts:1,534 Points:379,295 Joined:Aug 2011	Message Posted: Feb 7, 2013 5:53:53 AM Ignore raccoon2011 Report Abuse still way to high here
bikechuck Champion Author Indianapolis Posts:7,153 Points:2,090,820 Joined:Apr 2006	Message Posted: Feb 7, 2013 5:52:55 AM Ignore bikechuck Report Abuse 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.
Robert44 Champion Author Columbus Posts:3,668 Points:1,243,430 Joined:Mar 2004	Message Posted: Feb 7, 2013 5:52:08 AM Ignore Robert44 Report Abuse Up up up and away
bassakwards007 Champion Author Orange County Posts:1,271 Points:271,150 Joined:Aug 2012	Message Posted: Feb 7, 2013 5:52:07 AM Ignore bassakwards007 Report Abuse saw it yesterday 4.17 gal in some places
fordfan1 Champion Author Indiana Posts:9,232 Points:1,917,965 Joined:Jul 2007	Message Posted: Feb 7, 2013 5:49:57 AM Ignore fordfan1 Report Abuse And yet we are paying $3.70 a gallon here in Northeast Indiana!!!!
jobo74 Champion Author Ontario Posts:1,021 Points:800,460 Joined:May 2010	Message Posted: Feb 7, 2013 5:49:48 AM Ignore jobo74 Report Abuse more lies that prove this system is messed up
N5EXY Champion Author Austin Posts:5,632 Points:1,536,990 Joined:Jul 2004	Message Posted: Feb 7, 2013 5:48:21 AM Ignore N5EXY Report Abuse More BS.
gabisgram Champion Author Michigan Posts:2,326 Points:938,000 Joined:Sep 2006	Message Posted: Feb 7, 2013 5:47:44 AM Ignore gabisgram Report Abuse Inventories up, prices up.
turbodog Champion Author Mississippi Posts:6,891 Points:1,389,165 Joined:Feb 2009	Message Posted: Feb 7, 2013 5:47:39 AM Ignore turbodog Report Abuse Controlled supply
ILVET Champion Author Illinois Posts:14,929 Points:2,952,190 Joined:Jan 2005	Message Posted: Feb 7, 2013 5:46:01 AM Ignore ILVET Report Abuse Man and his love of money
Dailyrun Champion Author Kentucky Posts:2,117 Points:415,115 Joined:Apr 2012	Message Posted: Feb 7, 2013 5:45:03 AM Ignore Dailyrun Report Abuse too many ads
jeff95519 Champion Author California Posts:2,587 Points:1,380,965 Joined:Sep 2008	Message Posted: Feb 7, 2013 5:44:57 AM Ignore jeff95519 Report Abuse spring maintenance coming soon
OriginalBudman Champion Author Barrie Posts:11,217 Points:2,276,890 Joined:Apr 2006	Message Posted: Feb 7, 2013 5:43:52 AM Ignore OriginalBudman Report Abuse More supply and prices going up?
stpetebp Champion Author Tampa Posts:6,363 Points:1,760,055 Joined:Nov 2007	Message Posted: Feb 7, 2013 5:43:28 AM Ignore stpetebp Report Abuse Low on fuel in the Tampa area. Saw three stations out of gas on the way to work...
FocusST2 Champion Author North Carolina Posts:8,283 Points:1,406,625 Joined:Jul 2009	Message Posted: Feb 7, 2013 5:42:18 AM Ignore FocusST2 Report Abuse Attempting a slow down at the refinery to prevent a glut. While the price of gas continues to creep up.
WGW1 Champion Author British Columbia Posts:1,377 Points:415,965 Joined:Jun 2010	Message Posted: Feb 7, 2013 5:40:07 AM Ignore WGW1 Report Abuse what happened to supply and demand.
Hi1 Champion Author Ontario Posts:4,995 Points:1,752,310 Joined:Jun 2007	Message Posted: Feb 7, 2013 5:38:11 AM Ignore Hi1 Report Abuse And still the price of gas is going up at the pump,
dhawk24 Champion Author Maine Posts:7,920 Points:1,618,035 Joined:Jul 2008	Message Posted: Feb 7, 2013 5:38:05 AM Ignore dhawk24 Report Abuse 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.
Lengas Champion Author Gary Posts:13,698 Points:2,744,725 Joined:Nov 2004	Message Posted: Feb 7, 2013 5:37:53 AM Ignore Lengas Report Abuse And gas prices continue climbing, BIG OIL MANIPILATION!!!!!!!!!!!!!!!!!!!!!!!!
biggyhy Champion Author Milwaukee Posts:1,601 Points:499,780 Joined:Sep 2011	Message Posted: Feb 7, 2013 5:37:31 AM Ignore biggyhy Report Abuse and where is where lower prices