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GasBuddy News Article

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EIA: Crude inventories rise, imports rise a good chunk

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 increased by 3.8 million barrels to a total of 364.5 million barrels. At 364.5 million barrels, inventories are 7.5 million barrels above last year (2.1%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.5 million barrels to 201.2 million barrels. At 201.2 million barrels, inventories are down 7.4 million barrels, or 3.6% 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 Aug 29, 2012 By: PD
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Author Topic: EIA: Crude inventories rise, imports rise a good chunk Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Joined:Nov 2008
Message Posted: Sep 3, 2012 11:08:31 PM

should drop prices, but, specutraitors keep them high...
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indyjim
Champion Author Indianapolis

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Message Posted: Sep 3, 2012 8:49:37 AM

All pointing to lower prices............but, not so.
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Donatelo
Champion Author Dayton

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Message Posted: Sep 3, 2012 8:07:51 AM

rollercoaster
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honda0105
Champion Author Tallahassee

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Message Posted: Sep 3, 2012 7:15:29 AM

same ol' same ol'...
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albert2008
Champion Author Winnipeg

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Message Posted: Aug 31, 2012 8:44:29 AM

good stuff
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Donatelo
Champion Author Dayton

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Message Posted: Aug 31, 2012 8:09:53 AM

they will always gouge us
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sparky808
Champion Author Honolulu

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Message Posted: Aug 30, 2012 12:21:13 PM

Thank you for posting.
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JCI46009IN
Champion Author Indiana

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Message Posted: Aug 30, 2012 11:31:56 AM

old news
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puinsai808
Champion Author Honolulu

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Message Posted: Aug 30, 2012 10:05:07 AM

good
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FuelBarge
Champion Author Long Island

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Message Posted: Aug 30, 2012 8:49:12 AM

None of this ever makes sense. Crude oil rises, gasoline falls and prices rise. Crude oil falls, gasoline rises and prices rise. There must be a secret formula I am not privy to.
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toneOH
All-Star Author Ohio

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Message Posted: Aug 30, 2012 8:41:28 AM

just plain greed
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milespergallon
Champion Author Illinois

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Message Posted: Aug 30, 2012 8:20:03 AM

ok
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albert2008
Champion Author Winnipeg

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Message Posted: Aug 30, 2012 8:19:47 AM

good stuff
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madison8359
Champion Author Cleveland

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Message Posted: Aug 30, 2012 8:14:31 AM

It would appear that we have lots of fuel.
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Hop1LA
Champion Author Baton Rouge

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Message Posted: Aug 30, 2012 8:14:30 AM

Inventories don't matter, unless there's a "Shortage"
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PTBpricer
Champion Author Virginia

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Message Posted: Aug 30, 2012 7:52:09 AM

How much of the inventory of the oil increase and gas decrease is in preparation for the changeover to winter gas?
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bell05
Champion Author Atlanta

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Message Posted: Aug 30, 2012 7:45:02 AM

Repeat
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FunMyster
All-Star Author Indiana

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Message Posted: Aug 30, 2012 7:35:14 AM

ok
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85XJ
Champion Author Toledo

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Message Posted: Aug 30, 2012 7:25:21 AM

Inventories are up because they are rebuilding their stockpiles after letting them fall.
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treehood
Champion Author San Diego

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Message Posted: Aug 30, 2012 7:22:51 AM

I do wish all the people complaining about the high would take action. It doesn't do any good to post here about the speculators and Pig-oil. Show them who is boss and immediately STOP BUYING HIGH PRICE GAS. Not a gallon or a dollars worth until it is below $2.00 Begin today and drive right by the stations, do not patronize any one that is reaping obscene profits. You will sleep better knowing you are doing something about high gas prices. Join the boycott and sign the pledge to stop buying gas until it is below $2.
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Buck_on_Bass
Champion Author Tennessee

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Message Posted: Aug 30, 2012 7:14:53 AM

With total oil stocks up, there is no need for the continued consideration of a release from the SPR by the administration.
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OldMan322
Champion Author Illinois

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Message Posted: Aug 30, 2012 7:13:54 AM

Beware some numbers lie
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lkozark
Champion Author Missouri

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Message Posted: Aug 30, 2012 7:07:31 AM

Finally had to unload some of the offshore tankers they've been setting on to create a false shortage and allow prices to rise. Now, if they would get back to refining the oil prices should drop, but wait, that impacts their record profits.
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cobbwebb
Champion Author New Hampshire

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Message Posted: Aug 30, 2012 7:05:52 AM

prices going up here in New England
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Bubba44612
Champion Author Ohio

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Message Posted: Aug 30, 2012 7:05:41 AM

So about time for gas to drop like a rock.
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Rancher23
Champion Author Cincinnati

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Message Posted: Aug 30, 2012 7:05:22 AM

Perfect Storm for Oil bastards!! Came in on Labor Day Weekend so they can come up with another excuse to milk more money out of the american public, and Obama thinks he is doing a good job!!!

Remove the problem and lets get things going again!!!

One Term and Done!!! We can't take another 4 years of this!!!!
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cee68
All-Star Author Arizona

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Message Posted: Aug 30, 2012 7:05:02 AM

ok
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DYSKYPILOT
Champion Author Fort Worth

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Message Posted: Aug 30, 2012 7:04:16 AM

ok.
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scu227
Champion Author New Haven

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Message Posted: Aug 30, 2012 7:03:48 AM

Now bring down the prices at the pump !!!!
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krzysiek_ck
Champion Author Illinois

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Message Posted: Aug 30, 2012 7:03:36 AM

Whatever
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itzagasgasgas1
Champion Author Cincinnati

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Message Posted: Aug 30, 2012 7:03:07 AM

same as last month
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cbuck80
Champion Author Massachusetts

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Message Posted: Aug 30, 2012 7:02:58 AM

Then the prices should drop?
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74celica
Champion Author Columbus

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Message Posted: Aug 30, 2012 7:02:38 AM

inventories up and prices continue to rise,what's wrong with this picture
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cateyes8264
Champion Author Tennessee

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Message Posted: Aug 30, 2012 7:02:26 AM

grease us up please
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Ratso
Champion Author Ohio

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Message Posted: Aug 30, 2012 7:02:11 AM

And the prices rise up ! Hmmm...
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maxcap59
Champion Author Texas

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Message Posted: Aug 30, 2012 7:01:48 AM

Believe what you want, because they'll certainly tell you what they want...then DO whatever they want. Gas is up between 25 and 40 cents in N. Texas the past two weeks.
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mazdaboy
Champion Author Portland

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Message Posted: Aug 30, 2012 7:01:47 AM

Labor Day is the day of truth.
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belladog
Champion Author Mobile

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Message Posted: Aug 30, 2012 7:01:31 AM

RERUN
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grandmacbc
Champion Author Buffalo

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Message Posted: Aug 30, 2012 7:00:50 AM

how many days ago we read just the opposite? no wonder we are skeptical about the media and even government reports!!!
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Tnerbeel
Champion Author Houston

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Message Posted: Aug 30, 2012 7:00:31 AM

Completely useless information unless you are in the business
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Banjoe
Champion Author Winnipeg

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Message Posted: Aug 30, 2012 7:00:13 AM

Storage is up so that's got to reduce pump prices, right?

Oh,man,that cracked me right up.
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jpthunderbolt38
Rookie Author Utah

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Message Posted: Aug 30, 2012 6:59:45 AM

pocket book still empty
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PENNYPINCHR
Champion Author Twin Cities

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Message Posted: Aug 30, 2012 6:59:03 AM

So prices should go down.
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eswi
Champion Author Madison

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Message Posted: Aug 30, 2012 6:58:56 AM

OK
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ILVET
Champion Author Illinois

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Message Posted: Aug 30, 2012 6:58:50 AM

Believe what you want
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fieldt
Champion Author Lansing

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Message Posted: Aug 30, 2012 6:58:15 AM

Wingryder92 +1
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91Hilux
Champion Author New Haven

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Message Posted: Aug 30, 2012 6:58:10 AM

These figures are directly controlled by Big Oil and serve no purpose than to fuel Speculation.
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Wildman14
Champion Author Virginia

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Message Posted: Aug 30, 2012 6:58:04 AM

Great. And the current regime wants to release oil form the Strategic National Reserve. Wonder who profits from that?
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Gassed01
Champion Author Toronto

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Message Posted: Aug 30, 2012 6:57:55 AM

Up & down by minor amounts. What is the threshold of change that is significant?
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I10Express
Champion Author San Antonio

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Message Posted: Aug 30, 2012 6:57:51 AM

US refineries are in the import / export business. I guess that's news.
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