Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:56 PM

GasBuddy News Article

53
votes
Crude inventories surge, gasoline stocks tighten as demand rises: EIA

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 5.9 million barrels to a total of 369.1 million barrels. At 369.1 million barrels, inventories are 30.1 million barrels above last year (8.9%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.0 million barrels to 232.3 million barrels. At 232.3 million barrels, inventories are up 2.2 million barrels, or 0.9% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.3mb); Midwest...


Read the Full Article

Submitted Jan 30, 2013 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Crude inventories surge, gasoline stocks tighten as demand rises: EIA Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
babyjudy
Champion Author Tucson

Posts:5,369
Points:1,102,760
Joined:Sep 2011
Message Posted: Jun 8, 2013 10:21:31 AM

Okay
Profile Pic
OldMan322
Champion Author Illinois

Posts:8,998
Points:2,134,980
Joined:Jul 2008
Message Posted: Jan 31, 2013 8:20:13 AM

Same oh, same oh
Profile Pic
Tommyguns45
Champion Author Illinois

Posts:1,624
Points:641,595
Joined:Feb 2012
Message Posted: Jan 31, 2013 7:50:48 AM

Any kind of report on oil is a reason for them to raise it, then we go back to using less and they drop it again. The export of our oil and the up coming natural gas should be banned. Sale all the coal they want to China
Profile Pic
Hemi3tc
Veteran Author Vancouver

Posts:387
Points:560,865
Joined:Feb 2012
Message Posted: Jan 31, 2013 7:19:14 AM

Still able to export.

In total, U.S. refineries exported 3.1 million barrels per day of oil and products.
Profile Pic
12mpgnavigator
Champion Author Seattle

Posts:2,844
Points:674,835
Joined:Jun 2009
Message Posted: Jan 31, 2013 6:51:44 AM

yawn
Profile Pic
jimraehl
Champion Author Utah

Posts:9,443
Points:2,175,980
Joined:Sep 2008
Message Posted: Jan 31, 2013 6:01:53 AM

Standard report.
Profile Pic
prcoqui
Champion Author Maryland

Posts:5,449
Points:2,050,965
Joined:Dec 2006
Message Posted: Jan 31, 2013 5:49:57 AM

Inventories has nothing to do with price.
Profile Pic
Chem60
Champion Author Tallahassee

Posts:7,053
Points:1,353,185
Joined:Oct 2010
Message Posted: Jan 31, 2013 5:32:49 AM

Lots of crude, but all the refineries are either closed or barely producing gasoline.
Profile Pic
bbreff
Champion Author Atlanta

Posts:12,223
Points:3,105,330
Joined:Jun 2005
Message Posted: Jan 31, 2013 5:32:24 AM



The EIA - a waste of federal taxpayer money.

Profile Pic
fordfan1
Champion Author Indiana

Posts:11,478
Points:2,432,110
Joined:Jul 2007
Message Posted: Jan 31, 2013 5:32:05 AM

These latest huge price spikes at the pump are solid proof that big oil is ran on Greed and Greed alone!!!! It does not matter how we consumers try to save on using gas and how high the supply goes the prices just keep going up!!!!!
Profile Pic
KentsterPA
Champion Author Pennsylvania

Posts:3,913
Points:1,075,355
Joined:Aug 2011
Message Posted: Jan 31, 2013 5:31:15 AM

And the price keeps going up.
Profile Pic
wegman
Champion Author Twin Cities

Posts:10,089
Points:2,620,850
Joined:Jun 2001
Message Posted: Jan 31, 2013 5:30:16 AM

Something doesn't seem right here. We have LOTS of crude, not so much for the refined products.

And with a 55 cent jump is less than three weeks, I'm wondering what ripples from the national disaster that was Election Day 2012 is having in the short term.
Profile Pic
pitamon
Champion Author Philadelphia

Posts:6,743
Points:2,332,010
Joined:Sep 2004
Message Posted: Jan 31, 2013 5:30:01 AM

Because the refineries and Big Oil are greedy.
Profile Pic
nb52
Champion Author Grand Rapids

Posts:10,161
Points:2,084,060
Joined:Nov 2008
Message Posted: Jan 31, 2013 5:29:50 AM

Oh those overpaid EIA bureaucrats.
Profile Pic
2parrots
Champion Author Massachusetts

Posts:4,106
Points:886,385
Joined:May 2012
Message Posted: Jan 31, 2013 5:29:15 AM

in the last 2 days prices here have gone up between 6c & 20c at stations on my route to work
Profile Pic
Jeffro61
Champion Author Cleveland

Posts:4,280
Points:2,747,620
Joined:Oct 2005
Message Posted: Jan 31, 2013 5:27:46 AM

That tells me the refineries are cutting back on production to tighten the market.
Profile Pic
mandoid
Champion Author Alabama

Posts:9,722
Points:2,048,540
Joined:May 2008
Message Posted: Jan 31, 2013 5:27:44 AM

we are over 3 bucks a gallon here
Profile Pic
Clayton2000
Champion Author South Carolina

Posts:3,232
Points:652,010
Joined:Oct 2008
Message Posted: Jan 31, 2013 5:26:57 AM

Ok
Profile Pic
OutsideCat
Champion Author Maine

Posts:1,182
Points:1,767,740
Joined:Mar 2007
Message Posted: Jan 31, 2013 5:26:28 AM

up a few cents overnight
Profile Pic
keithyoon1977
Champion Author Virginia

Posts:3,928
Points:1,018,770
Joined:Dec 2011
Message Posted: Jan 31, 2013 5:26:12 AM

ok
Profile Pic
kobes1
Champion Author Florida

Posts:4,905
Points:1,097,355
Joined:Aug 2011
Message Posted: Jan 31, 2013 5:24:09 AM

Greed baby
Profile Pic
WonderfulMI
Champion Author Michigan

Posts:14,207
Points:2,328,020
Joined:Jun 2008
Message Posted: Jan 31, 2013 5:23:52 AM

Gotta keep prices high if they want to make big bucks.
Profile Pic
Ferdman17
Champion Author Albany

Posts:3,540
Points:908,395
Joined:Feb 2012
Message Posted: Jan 31, 2013 5:22:55 AM

How is it the crude inventorys are still so high and gas inventories are still so low. Price manipulation
Profile Pic
Tommy4Wheel
Champion Author Wilmington

Posts:36,250
Points:3,641,845
Joined:Apr 2004
Message Posted: Jan 31, 2013 5:22:54 AM

Daily BS!!
Profile Pic
walkerms1
All-Star Author Albany

Posts:960
Points:159,900
Joined:Sep 2012
Message Posted: Jan 31, 2013 5:22:47 AM

Invest in oil futures and you can be rich too!
Profile Pic
tekguy
Champion Author Pittsburgh

Posts:3,008
Points:1,623,355
Joined:Aug 2005
Message Posted: Jan 31, 2013 5:22:06 AM

greed
Profile Pic
jppezz
Champion Author New Mexico

Posts:10,967
Points:2,231,715
Joined:Jun 2008
Message Posted: Jan 31, 2013 5:21:08 AM

Price manipulation and greed.
Profile Pic
Hazelnut
Champion Author Greensboro

Posts:3,481
Points:1,011,635
Joined:Sep 2003
Message Posted: Jan 31, 2013 5:20:15 AM

1 million barrels is just a smallest dent in the stockpile. Pure speculation is rampant here.
Profile Pic
Badmoon
Champion Author Massachusetts

Posts:10,716
Points:2,192,845
Joined:Oct 2008
Message Posted: Jan 31, 2013 5:19:22 AM

The closing of the Hess refinery causing price spike.
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,446
Points:2,613,835
Joined:Nov 2005
Message Posted: Jan 31, 2013 5:18:35 AM

On Jan 31, 2013 4:37:32 AM, geneo56 wrote:

>What do you expect from the nations greediest industry?

There are a lot of other industries that are greedier than Big Oil. The only thing is they're not the size of Big Oil.
Profile Pic
RichWLIN
Champion Author Indiana

Posts:7,262
Points:1,179,855
Joined:Jun 2011
Message Posted: Jan 31, 2013 5:17:55 AM

More speculation fodder.
Profile Pic
Ringmaster2008
Champion Author Ontario

Posts:9,745
Points:1,553,755
Joined:Apr 2008
Message Posted: Jan 31, 2013 5:17:35 AM

OK
Profile Pic
sydb7
Champion Author Atlanta

Posts:5,256
Points:2,379,955
Joined:Mar 2003
Message Posted: Jan 31, 2013 5:17:21 AM

Lies, damn lies, then there are statistics!
Profile Pic
bby
Champion Author Twin Cities

Posts:7,881
Points:1,549,935
Joined:Nov 2009
Message Posted: Jan 31, 2013 5:16:04 AM

Ok
Profile Pic
NJColt
Champion Author New Jersey

Posts:14,854
Points:3,171,625
Joined:Aug 2005
Message Posted: Jan 31, 2013 5:15:37 AM

They are so full of bull its a joke. We talk about so much of a glut and overnight we are short.
Profile Pic
forderjunk
Champion Author Maine

Posts:10,656
Points:2,188,895
Joined:Sep 2005
Message Posted: Jan 31, 2013 5:15:15 AM

same old excuse to raise prices
Profile Pic
nstrdnvstr
Champion Author Twin Cities

Posts:40,478
Points:4,522,105
Joined:May 2001
Message Posted: Jan 31, 2013 5:14:24 AM

Gas prices went up 20 cents here this past week. Maybe this will help bring it back down.
Profile Pic
bikerWI
Champion Author Milwaukee

Posts:3,814
Points:1,416,360
Joined:Apr 2010
Message Posted: Jan 31, 2013 5:14:07 AM

Not enough refineries.
Profile Pic
dar 1
Champion Author Michigan

Posts:8,235
Points:560,195
Joined:Jan 2005
Message Posted: Jan 31, 2013 5:13:40 AM

Springs a coming........
Profile Pic
76chevy
Champion Author Toledo

Posts:5,132
Points:1,215,255
Joined:Jun 2010
Message Posted: Jan 31, 2013 5:13:12 AM

ok
Profile Pic
RocketGeek
Champion Author Grand Rapids

Posts:12,987
Points:2,640,215
Joined:May 2005
Message Posted: Jan 31, 2013 5:12:49 AM

I don't seem to be able to control it, so whatever...
Profile Pic
dhawk24
Champion Author Maine

Posts:10,077
Points:2,105,915
Joined:Jul 2008
Message Posted: Jan 31, 2013 5:12:40 AM

We need more refineries to keep up with the crude inventories.
Profile Pic
alphanyr
Champion Author Connecticut

Posts:10,200
Points:1,216,875
Joined:Apr 2011
Message Posted: Jan 31, 2013 5:12:26 AM

Game to raise retail
Profile Pic
sawdust1825
Champion Author Illinois

Posts:3,207
Points:972,580
Joined:Sep 2011
Message Posted: Jan 31, 2013 5:11:33 AM

Prices are being manipulated again.
Profile Pic
subnuke
Champion Author Atlanta

Posts:9,754
Points:2,039,570
Joined:Sep 2008
Message Posted: Jan 31, 2013 5:11:23 AM

stop with the greed talk - refineries are shifting to summer blend gasolines that dear leader obuma demands
Profile Pic
mrjames1818
Champion Author New Jersey

Posts:3,962
Points:2,537,970
Joined:Mar 2004
Message Posted: Jan 31, 2013 5:11:09 AM

Give me a break - law of supply and demand doesn't exist in the oil industry - price manipulation does
Profile Pic
Zuman
Champion Author New York

Posts:8,517
Points:2,433,810
Joined:May 2005
Message Posted: Jan 31, 2013 5:11:06 AM

Just more crap.
Profile Pic
heartbroken2010
Champion Author Ottawa

Posts:6,735
Points:1,438,110
Joined:Aug 2010
Message Posted: Jan 31, 2013 5:10:50 AM

i think this is called " dipping" , Read: pickpocketing
Profile Pic
JLSindy
Champion Author Cleveland

Posts:5,381
Points:1,187,800
Joined:Aug 2005
Message Posted: Jan 31, 2013 5:10:20 AM

Petrock has it figured out!

Prices have not just risen here in NE Ohio they can escalate almost every several hours!!!!
Profile Pic
sappie
Champion Author Massachusetts

Posts:5,726
Points:1,117,690
Joined:Jul 2010
Message Posted: Jan 31, 2013 5:10:01 AM

greed thats all.
Post a reply Back to Topics