Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:51 PM

GasBuddy News Article

70
votes
Gasoline production drops, as do crude and gasoline inventories

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 decreased by 1.3 million barrels to a total of 382.7 million barrels. At 382.7 million barrels, inventories are 36.4 million barrels above last year (10.5%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.5 million barrels to 222.8 million barrels. At 222.8 million barrels, inventories are down 4.1 million barrels, or 1.8% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.1mb); Midwest...


Read the Full Article

Submitted Mar 20, 2013 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Gasoline production drops, as do crude and gasoline inventories Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
phpearso
Sophomore Author Indiana

Posts:239
Points:391,370
Joined:Mar 2004
Message Posted: Mar 26, 2013 3:21:14 PM

ain't that just wonderful!
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,410
Points:1,937,840
Joined:Nov 2008
Message Posted: Mar 25, 2013 5:48:30 AM

W-Dan: PD's blogs are NEVER news.. they're BLOGS.
Profile Pic
WanderDan
All-Star Author Dayton

Posts:670
Points:324,235
Joined:Nov 2012
Message Posted: Mar 24, 2013 12:32:51 PM

more old news... more ways for the thieves to steal
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,410
Points:1,937,840
Joined:Nov 2008
Message Posted: Mar 24, 2013 8:24:26 AM

yup, get ready for higher pump prices again.
Profile Pic
retmsg79
Rookie Author Gasbuddy

Posts:34
Points:264,600
Joined:Mar 2011
Message Posted: Mar 23, 2013 6:22:23 PM

More price increases.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,410
Points:1,937,840
Joined:Nov 2008
Message Posted: Mar 23, 2013 6:54:57 AM

get ready for more BOHICA after Easter / Spring Break.
Profile Pic
wshutton
Champion Author Seattle

Posts:3,280
Points:1,244,540
Joined:Mar 2009
Message Posted: Mar 21, 2013 2:09:26 PM

LA prices are finally starting to fall.
Profile Pic
FocusST2
Champion Author North Carolina

Posts:9,733
Points:1,704,200
Joined:Jul 2009
Message Posted: Mar 21, 2013 6:07:42 AM

Prepping us for higher gas prices next week.
Profile Pic
csnvcas
All-Star Author Illinois

Posts:994
Points:236,980
Joined:Nov 2012
Message Posted: Mar 21, 2013 6:01:12 AM

Ok
Profile Pic
Ringmaster2008
Champion Author Ontario

Posts:8,992
Points:1,381,420
Joined:Apr 2008
Message Posted: Mar 21, 2013 5:59:13 AM

Getting ready for the spring price hike
Profile Pic
D4444J
Champion Author Albuquerque

Posts:3,452
Points:906,370
Joined:Aug 2011
Message Posted: Mar 21, 2013 5:57:44 AM

Manipulation for Greed!
Profile Pic
fillerupyeoww
Champion Author Columbus

Posts:7,513
Points:1,976,685
Joined:Mar 2008
Message Posted: Mar 21, 2013 5:57:37 AM

Anything to gouge up the pump prices.
Profile Pic
LeeFree
Champion Author Pittsburgh

Posts:10,755
Points:2,562,425
Joined:Jun 2005
Message Posted: Mar 21, 2013 5:57:26 AM

Pump prices stable here.
Profile Pic
MopedTime
Champion Author Michigan

Posts:1,458
Points:666,085
Joined:Mar 2012
Message Posted: Mar 21, 2013 5:56:32 AM

Price is still way too high
Profile Pic
isem
Champion Author Missouri

Posts:3,574
Points:751,240
Joined:Feb 2012
Message Posted: Mar 21, 2013 5:55:42 AM

Read this yesterday...
Profile Pic
gabisgram
Champion Author Michigan

Posts:3,785
Points:1,230,270
Joined:Sep 2006
Message Posted: Mar 21, 2013 5:55:40 AM

Still a lot of inventory. Why are the prices too high?
Profile Pic
danny999
Champion Author Florida

Posts:10,369
Points:1,966,810
Joined:Oct 2008
Message Posted: Mar 21, 2013 5:54:49 AM

And immediately gas jumped 8/10 cents on Commex.
Profile Pic
madison8359
Champion Author Cleveland

Posts:13,708
Points:1,921,270
Joined:Apr 2008
Message Posted: Mar 21, 2013 5:54:25 AM

Who cares pump prices are still high.
Profile Pic
Petrock
Champion Author Lexington

Posts:10,774
Points:2,885,735
Joined:Apr 2005
Message Posted: Mar 21, 2013 5:53:43 AM

Good news - good news!! Inventories down, prices up and up and away!!
Profile Pic
oas
Champion Author Maryland

Posts:5,877
Points:2,469,390
Joined:Feb 2005
Message Posted: Mar 21, 2013 5:50:34 AM

old news
Profile Pic
djp071158
Champion Author Detroit

Posts:2,241
Points:611,495
Joined:May 2012
Message Posted: Mar 21, 2013 5:49:41 AM

up. down. up. down.
Profile Pic
jeff95519
Champion Author California

Posts:4,050
Points:1,679,945
Joined:Sep 2008
Message Posted: Mar 21, 2013 5:48:32 AM

up then down or is it down the up i'm so confused
Profile Pic
neptune2008
Champion Author Michigan

Posts:9,733
Points:1,965,780
Joined:Aug 2008
Message Posted: Mar 21, 2013 5:48:07 AM

and off to our slave labor we go to pay
Profile Pic
Redink
Champion Author Indianapolis

Posts:8,678
Points:1,601,050
Joined:Aug 2005
Message Posted: Mar 21, 2013 5:45:49 AM

Gasoline down, but not based on usage. Big oil is playing with us.
Profile Pic
hockey_24
Champion Author KW

Posts:2,370
Points:520,405
Joined:Oct 2012
Message Posted: Mar 21, 2013 5:42:36 AM

ok
Profile Pic
lewpuckett
Champion Author Georgia

Posts:1,365
Points:893,435
Joined:Mar 2011
Message Posted: Mar 21, 2013 5:42:08 AM

nothing to make prices go below $2 a gallon though
Profile Pic
aburns20
Champion Author Virginia Beach

Posts:4,810
Points:992,470
Joined:Dec 2010
Message Posted: Mar 21, 2013 5:41:15 AM

Would be nice to see a drop in the prices at the pumps but then again, all the prices around me have just gone up $.10 per gal.
Profile Pic
RocketGeek
Champion Author Grand Rapids

Posts:12,245
Points:2,430,360
Joined:May 2005
Message Posted: Mar 21, 2013 5:39:39 AM

Single-digit percentages do not a crisis make.
Profile Pic
stpetebp
Champion Author Tampa

Posts:7,123
Points:2,024,245
Joined:Nov 2007
Message Posted: Mar 21, 2013 5:37:51 AM

Where?
Profile Pic
JSX515
Champion Author St. Louis

Posts:5,336
Points:1,128,300
Joined:Feb 2011
Message Posted: Mar 21, 2013 5:37:41 AM

Lower inventories=higher prices
Profile Pic
gasandgoAL
Champion Author Alabama

Posts:8,824
Points:1,917,700
Joined:Sep 2008
Message Posted: Mar 21, 2013 5:36:57 AM

filling up now before gas prices go up for Easter
Profile Pic
Bearcat500
Champion Author Cincinnati

Posts:11,357
Points:1,949,175
Joined:Nov 2005
Message Posted: Mar 21, 2013 5:35:21 AM

The decline in gasoline inventories is a drop in a bucket but hey, let's not miss a chance to tell the consumer to bend over again.
Profile Pic
Tru2psu2
Champion Author Winston-Salem

Posts:16,643
Points:1,873,230
Joined:Feb 2004
Message Posted: Mar 21, 2013 5:34:17 AM

No!
Profile Pic
nugney
Champion Author Atlanta

Posts:4,403
Points:2,323,785
Joined:Jan 2006
Message Posted: Mar 21, 2013 5:33:50 AM

ok
Profile Pic
BoerneWatch
Champion Author San Antonio

Posts:17,283
Points:2,781,915
Joined:Oct 2005
Message Posted: Mar 21, 2013 5:31:56 AM

Imported crude took a continuous dive.

Refineries produced more.

Demand is going down.

Prices are stable to declining (barely).
Profile Pic
gch42
Champion Author Georgia

Posts:13,628
Points:2,403,110
Joined:Feb 2006
Message Posted: Mar 21, 2013 5:31:55 AM

Translation: Higher prices ahead
Profile Pic
teachart68
Sophomore Author Indiana

Posts:175
Points:1,463,925
Joined:Apr 2005
Message Posted: Mar 21, 2013 5:29:14 AM

Have to get those prices over $4 a gallon again before spring and summer get here.
Profile Pic
epf
Champion Author Grand Rapids

Posts:7,991
Points:2,218,400
Joined:May 2004
Message Posted: Mar 21, 2013 5:28:46 AM

In response to FieroGT, both
Profile Pic
vamike
Champion Author Virginia

Posts:6,835
Points:1,680,835
Joined:Dec 2008
Message Posted: Mar 21, 2013 5:28:40 AM

Another good excuse to raise prices.
Profile Pic
FieroGT
Champion Author Twin Cities

Posts:15,840
Points:2,757,110
Joined:Mar 2005
Message Posted: Mar 21, 2013 5:27:47 AM

Do these crude and gasoline inventories going down mean that the pump price will go up or down?
Profile Pic
Foxt
Champion Author Minnesota

Posts:6,889
Points:2,343,800
Joined:Jul 2006
Message Posted: Mar 21, 2013 5:27:35 AM

They increased production a few weeks ago, to shut down parts for maintenance. Now they are doing it. If prices go up or down, it's for some other speculated reason.
Profile Pic
VB_Richard
Champion Author Virginia Beach

Posts:3,288
Points:679,270
Joined:Dec 2011
Message Posted: Mar 21, 2013 5:27:28 AM

Is this good, bad or just life??
Profile Pic
Maintroll
Champion Author Lexington

Posts:10,281
Points:2,031,110
Joined:Aug 2008
Message Posted: Mar 21, 2013 5:25:50 AM

This weekly useless report is old now, replace it.
Profile Pic
pfone1847
Champion Author Illinois

Posts:4,826
Points:950,580
Joined:Oct 2010
Message Posted: Mar 21, 2013 5:24:07 AM

Same story, just another reason to raise prices.
Profile Pic
Cachase1
Champion Author Oklahoma City

Posts:13,101
Points:2,708,060
Joined:Aug 2003
Message Posted: Mar 21, 2013 5:21:32 AM

Trying to increase prices again?
Profile Pic
mickeymike
Champion Author Pennsylvania

Posts:4,000
Points:848,245
Joined:Feb 2011
Message Posted: Mar 21, 2013 5:19:29 AM

wonder why???? hmmmmmm......
Profile Pic
AvantiMick
Champion Author Indiana

Posts:14,341
Points:2,864,505
Joined:Dec 2005
Message Posted: Mar 21, 2013 5:18:48 AM

Congress could stop the exporting of gasoline to stabilize prices here!
Profile Pic
74celica
Champion Author Columbus

Posts:3,074
Points:2,137,655
Joined:May 2006
Message Posted: Mar 21, 2013 5:17:55 AM

that way they can keep prices sky high
Profile Pic
getchaz
Champion Author Tucson

Posts:1,438
Points:373,095
Joined:Sep 2005
Message Posted: Mar 21, 2013 5:17:34 AM

interesting
Profile Pic
ovillaone
Champion Author Dallas

Posts:2,813
Points:504,075
Joined:Nov 2012
Message Posted: Mar 21, 2013 5:14:00 AM

naturally! don't want to lower them gasoline prices too much!
Post a reply Back to Topics