Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:22 PM

GasBuddy News Article

39
votes
EIA: Crude inventories still lush, gasoline supply dropping in Great Lakes

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 1.1 million barrels to a total of 375.9 million barrels. At 375.9 million barrels, inventories are 38.9 million barrels above last year (11.5%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 0.4 million barrels to 201.9 million barrels. At 201.9 million barrels, inventories are down 3.2 million barrels, or 1.6% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-1.5mb); Midwest...


Read the Full Article

Submitted Nov 15, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Crude inventories still lush, gasoline supply dropping in Great Lakes Back to Topics
REPLIES (newest first) Post a Reply
scrossi
Champion Author Indiana

Posts:7,107
Points:1,817,665
Joined:Dec 2008
Message Posted: May 2, 2014 8:18:35 AM

And prices go up.
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Dec 4, 2012 6:40:26 PM

Well let us build it back up.
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: Nov 29, 2012 10:00:03 AM

ok
danmckdude
Rookie Author Detroit

Posts:52
Points:351,095
Joined:Aug 2012
Message Posted: Nov 29, 2012 9:56:10 AM

lets get better mileage from our cars so the demand for crude drops, which drops gas prices.
CapriceWagon
Champion Author Washington

Posts:1,488
Points:1,118,840
Joined:Feb 2008
Message Posted: Nov 21, 2012 8:49:07 AM

I always try to avoid buying gas anywhere near Chicago, or avoid it altogether since it's now a war zone
txrojo2005
Champion Author Austin

Posts:1,474
Points:1,111,735
Joined:May 2011
Message Posted: Nov 20, 2012 11:31:51 AM

OK
txrojo2005
Champion Author Austin

Posts:1,474
Points:1,111,735
Joined:May 2011
Message Posted: Nov 20, 2012 11:31:49 AM

OK
paulweb
Champion Author Ohio

Posts:3,527
Points:1,021,220
Joined:May 2011
Message Posted: Nov 20, 2012 11:02:04 AM

cool, dude.
paulweb
Champion Author Ohio

Posts:3,527
Points:1,021,220
Joined:May 2011
Message Posted: Nov 20, 2012 11:00:36 AM

Can we refine some of that 'oil stock' into gasoline and lower the price a bit? Then we would all have something to be thankful for.
Bonanza
Champion Author Boston

Posts:15,913
Points:3,327,580
Joined:Jun 2004
Message Posted: Nov 20, 2012 4:15:59 AM

Fine, but we need lower prices at the pump
1006
Champion Author Birmingham

Posts:1,249
Points:1,951,595
Joined:Apr 2008
Message Posted: Nov 19, 2012 8:54:52 PM

Suppose we will go with it at this point.
1006
Champion Author Birmingham

Posts:1,249
Points:1,951,595
Joined:Apr 2008
Message Posted: Nov 19, 2012 5:35:40 AM

WHAT THE HECK
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Nov 18, 2012 7:06:56 AM

Great and Oh no!
Delta258
Sophomore Author Fresno

Posts:106
Points:21,110
Joined:Jun 2011
Message Posted: Nov 17, 2012 12:58:44 AM

gas $$ are steady in my area so this is not helping.
spiderjay
Champion Author Little Rock

Posts:4,843
Points:1,374,890
Joined:Oct 2005
Message Posted: Nov 16, 2012 11:23:36 PM

WOOD TOO
benjy
Champion Author Chicago

Posts:11,116
Points:2,536,860
Joined:Nov 2003
Message Posted: Nov 16, 2012 9:14:04 PM

true...
dudleydolittle
Champion Author Cleveland

Posts:7,707
Points:1,354,135
Joined:Sep 2011
Message Posted: Nov 16, 2012 5:24:38 PM

see this about every day
52MPG
Champion Author Dayton

Posts:10,499
Points:2,516,655
Joined:Apr 2006
Message Posted: Nov 16, 2012 2:06:06 PM

Lots of oil.
HailstormCA
Champion Author San Diego

Posts:10,598
Points:2,142,725
Joined:Nov 2008
Message Posted: Nov 16, 2012 1:35:32 PM

Same ol' same ol'
matthwbar
Champion Author Toledo

Posts:7,111
Points:1,781,025
Joined:Jun 2007
Message Posted: Nov 16, 2012 12:54:27 PM

And we're still at $3.50...
firechief
Champion Author New York

Posts:4,501
Points:2,706,230
Joined:Mar 2004
Message Posted: Nov 16, 2012 12:36:56 PM

is this an old article, I thought I read this already
IMLURCH
Champion Author Minnesota

Posts:5,372
Points:1,869,850
Joined:Mar 2009
Message Posted: Nov 16, 2012 12:21:14 PM

Old News
twinfanMN
Champion Author Minnesota

Posts:3,132
Points:878,160
Joined:Jun 2011
Message Posted: Nov 16, 2012 12:20:32 PM

I have never seen a connection to this post and prices in my area
mattf373
Champion Author Atlanta

Posts:5,378
Points:1,222,080
Joined:Mar 2003
Message Posted: Nov 16, 2012 12:16:25 PM

prices dropping here
Wolfwings
Champion Author Delaware

Posts:11,783
Points:2,543,625
Joined:May 2004
Message Posted: Nov 16, 2012 12:16:22 PM

Prices at the pump should drop at the same rate that inventories rise.

Of course, we could all drive less, and force the prices down, too.
SSchmidty
Champion Author Illinois

Posts:12,514
Points:2,527,960
Joined:Mar 2008
Message Posted: Nov 16, 2012 12:16:00 PM

Can we stop confusing INTENDED restrictions in amt of refining as a STANDARD practice by pig-oil industry to maintain higher gas prices EVEN while the actual purchases continue the drop in buying since 11/2007?!?!
Point__man
Champion Author Raleigh

Posts:7,456
Points:1,594,400
Joined:Oct 2010
Message Posted: Nov 16, 2012 12:15:14 PM

Prices up 10cents a gallon here last night ;)
no8c
Champion Author Ohio

Posts:5,493
Points:1,446,235
Joined:Jul 2008
Message Posted: Nov 16, 2012 12:15:13 PM

Thanks for posting this article!
Vitobug
Champion Author El Paso

Posts:3,147
Points:1,319,575
Joined:May 2011
Message Posted: Nov 16, 2012 12:12:29 PM

Great news but why are gas prices still around the same as two weeks ago?
thirty8paces
Champion Author Baltimore

Posts:5,714
Points:1,493,445
Joined:Sep 2008
Message Posted: Nov 16, 2012 12:12:06 PM

Means nothing really.
Cheepo
Champion Author Tampa

Posts:13,057
Points:3,892,900
Joined:Apr 2003
Message Posted: Nov 16, 2012 12:10:10 PM

Drill baby drill!!!!!!!!!
amearly
Champion Author Michigan

Posts:15,270
Points:3,230,685
Joined:Jan 2006
Message Posted: Nov 16, 2012 12:06:35 PM

More manipulation when they say prices are dropping but.....anything they want to put into the blank to keep the prices higher.
geoutpb
Champion Author Midland Odessa

Posts:7,627
Points:1,779,155
Joined:Dec 2006
Message Posted: Nov 16, 2012 12:05:53 PM

Prices will stay about the same.
icemann987
Sophomore Author Sacramento

Posts:242
Points:53,320
Joined:Mar 2011
Message Posted: Nov 16, 2012 12:01:41 PM

and???
Chinto12
Champion Author Illinois

Posts:2,381
Points:867,870
Joined:Jan 2012
Message Posted: Nov 16, 2012 11:59:55 AM

useless
TheDix
Champion Author Ontario

Posts:3,672
Points:949,720
Joined:Dec 2009
Message Posted: Nov 16, 2012 11:58:17 AM


Nothing to do with gas prices.
Tsunamiron
Champion Author Jacksonville

Posts:4,541
Points:1,324,525
Joined:Mar 2011
Message Posted: Nov 16, 2012 11:57:30 AM

So what does this mean for future gas prices?
Costello
Champion Author South Dakota

Posts:3,331
Points:1,879,645
Joined:Jan 2007
Message Posted: Nov 16, 2012 11:45:59 AM

And the price of gas is?????
bobdec
Champion Author Miami

Posts:12,007
Points:2,511,545
Joined:May 2008
Message Posted: Nov 16, 2012 11:45:00 AM

this has no real effect on prices
OnEmptyMO
Champion Author St. Louis

Posts:6,999
Points:2,232,215
Joined:Mar 2008
Message Posted: Nov 16, 2012 11:43:13 AM

We still have that YO-YO effect going on.
kuma2000
Champion Author Honolulu

Posts:6,769
Points:1,445,725
Joined:Jun 2011
Message Posted: Nov 16, 2012 11:41:49 AM

Not sure what all this means but it's nice to see that our prices are now going down.
bigmace111
Champion Author Albany

Posts:5,832
Points:1,364,355
Joined:May 2011
Message Posted: Nov 16, 2012 11:39:57 AM

2nd day for this story
cookieluver
Veteran Author Arkansas

Posts:266
Points:1,127,775
Joined:Nov 2011
Message Posted: Nov 16, 2012 11:38:59 AM

the rich just get richer.
vjs3
Champion Author Denver

Posts:3,838
Points:1,331,515
Joined:Jun 2011
Message Posted: Nov 16, 2012 11:37:17 AM

It's nice to see lower prices around town!
sparky808
Champion Author Honolulu

Posts:5,966
Points:1,346,985
Joined:Sep 2011
Message Posted: Nov 16, 2012 11:36:17 AM

old post.
Ready Eddie
Champion Author Twin Cities

Posts:8,763
Points:2,049,345
Joined:Feb 2003
Message Posted: Nov 16, 2012 11:34:00 AM

I just want to point out that only 5 out of the last 20 post against this article are of any length. Since I was just warned for my post being too short and just trying to collect points I thought it appropriate to look at other writers. A forum is for reading and if desired responding to. May agree or not may be long winded or short. What is an acceptable level if response should be up to each of us for our own input. As for myself I tend to read the shorter post. Most of the time they say as much but in a lot less words. Sorry for going off subject but this one is either old or a slight rewrite as it reads just like an article seen over and over again.
SkooterG
Champion Author Phoenix

Posts:3,873
Points:1,056,025
Joined:May 2012
Message Posted: Nov 16, 2012 11:29:54 AM

Gas prices still too high!
oldiesman
Champion Author New York

Posts:9,430
Points:2,921,975
Joined:May 2006
Message Posted: Nov 16, 2012 11:28:58 AM

And the big boys get richer?
Mowerman08
Champion Author Milwaukee

Posts:7,691
Points:1,960,215
Joined:Aug 2008
Message Posted: Nov 16, 2012 11:26:08 AM

"U.S. refineries exported 2.77 million barrels per day of oil and products."

That should help keep gas prices high!
BigDartMike
All-Star Author Ohio

Posts:657
Points:358,865
Joined:Dec 2011
Message Posted: Nov 16, 2012 11:25:19 AM

Numbers game to keep prices high...
DeserTBoB
Champion Author California

Posts:1,757
Points:294,545
Joined:Aug 2012
Message Posted: Nov 16, 2012 11:25:18 AM

Reg prices are the lowest here that they've been in 19 months and, as of today, are still dropping as various independents engage in "gas wars" to try to keep volume up at the expense of Chevron, mostly. ChevronTexaco, always the "high priced retailer," is now starting to crumble, too. What's causing the drop? That huge "refinery spike" in CA drove prices through the roof (over $5/gal in most places), and brainless drivers finally got a wake-up call. Driving mileage is down significantly and speeds on freeways have dropped almost 20 MPH average, per the CHP. Sometimes you need to shock dumb people to make them think.
Post a reply Back to Topics