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GasBuddy News Article

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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...


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Submitted Feb 06, 2013 By: PD
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Author Topic: EIA weekly report shows fuel inventory increases; reduction in refinery production Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Feb 12, 2013 6:02:20 AM

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

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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.
moose21040
Veteran Author Baltimore

Posts:256
Points:372,440
Joined:Jan 2011
Message Posted: Feb 11, 2013 10:53:38 AM

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

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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...)
honda0105
Champion Author Tallahassee

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Message Posted: Feb 10, 2013 8:01:16 AM

tattoo: indeed.
Tattooedmom67
All-Star Author Milwaukee

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Message Posted: Feb 9, 2013 6:43:18 PM

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

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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.
SmkyPlyr984
Veteran Author Connecticut

Posts:482
Points:7,460
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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..
SkooterG
Champion Author Phoenix

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Message Posted: Feb 7, 2013 1:48:09 PM

So prices should be coming down!
BMWer
Champion Author Calgary

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Message Posted: Feb 7, 2013 10:32:09 AM

Drop the gas price!
gravityhurts
Champion Author North Carolina

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Message Posted: Feb 7, 2013 8:57:57 AM

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

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Message Posted: Feb 7, 2013 8:45:00 AM

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

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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.
WonderfulMI
Champion Author Michigan

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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.
fillerupyeoww
Champion Author Columbus

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Message Posted: Feb 7, 2013 6:12:23 AM

Won't help.
abk
Champion Author Utah

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Message Posted: Feb 7, 2013 6:04:16 AM

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

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Message Posted: Feb 7, 2013 6:03:47 AM

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

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Message Posted: Feb 7, 2013 6:03:38 AM

Same ole song and dance.
neptune2008
Champion Author Michigan

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Message Posted: Feb 7, 2013 6:03:25 AM

greed greed greed
thepi
All-Star Author Twin Cities

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Message Posted: Feb 7, 2013 6:02:45 AM

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

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Message Posted: Feb 7, 2013 6:02:28 AM

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

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Message Posted: Feb 7, 2013 6:02:27 AM

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

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Message Posted: Feb 7, 2013 6:00:13 AM

Sooooo?
kirzon484
Champion Author Atlanta

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Message Posted: Feb 7, 2013 5:59:45 AM

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

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Message Posted: Feb 7, 2013 5:58:35 AM

It really means nothing
76chevy
Champion Author Toledo

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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.
camel1
Champion Author Minnesota

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Message Posted: Feb 7, 2013 5:57:48 AM

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

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Message Posted: Feb 7, 2013 5:56:24 AM

yet pump price skyrockets
no_monkey2002
Champion Author Tallahassee

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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..
LeeFree
Champion Author Pittsburgh

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Message Posted: Feb 7, 2013 5:53:55 AM

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

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Message Posted: Feb 7, 2013 5:53:53 AM

still way to high here
bikechuck
Champion Author Indianapolis

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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.
Robert44
Champion Author Columbus

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Message Posted: Feb 7, 2013 5:52:08 AM

Up up up and away
bassakwards007
Champion Author Orange County

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Message Posted: Feb 7, 2013 5:52:07 AM

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

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Message Posted: Feb 7, 2013 5:49:57 AM

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

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Message Posted: Feb 7, 2013 5:49:48 AM

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

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Message Posted: Feb 7, 2013 5:48:21 AM

More BS.
gabisgram
Champion Author Michigan

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Message Posted: Feb 7, 2013 5:47:44 AM

Inventories up, prices up.
turbodog
Champion Author Mississippi

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Message Posted: Feb 7, 2013 5:47:39 AM

Controlled supply
ILVET
Champion Author Illinois

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Message Posted: Feb 7, 2013 5:46:01 AM

Man and his love of money
Dailyrun
Champion Author Kentucky

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Message Posted: Feb 7, 2013 5:45:03 AM

too many ads
jeff95519
Champion Author California

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Message Posted: Feb 7, 2013 5:44:57 AM

spring maintenance coming soon
OriginalBudman
Champion Author Barrie

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Message Posted: Feb 7, 2013 5:43:52 AM

More supply and prices going up?
stpetebp
Champion Author Tampa

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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...
FocusST2
Champion Author North Carolina

Posts:10,883
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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.
WGW1
Champion Author British Columbia

Posts:4,252
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Message Posted: Feb 7, 2013 5:40:07 AM

what happened to supply and demand.
Hi1
Champion Author Ontario

Posts:7,782
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Message Posted: Feb 7, 2013 5:38:11 AM

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

Posts:10,890
Points:2,324,910
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.
Lengas
Champion Author Gary

Posts:17,008
Points:3,496,350
Joined:Nov 2004
Message Posted: Feb 7, 2013 5:37:53 AM

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

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Message Posted: Feb 7, 2013 5:37:31 AM

and where is where lower prices
Foxt
Champion Author Minnesota

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Joined:Jul 2006
Message Posted: Feb 7, 2013 5:35:29 AM

Gas prices climbing we buy less so inventories climbing.
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