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EIA: Nice jump in overall inventories, but gasoline inventories tight

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 2.0 million barrels to a total of 359.1 million barrels. At 359.1 million barrels, inventories are 12.7 million barrels above last year (3.7%) and are near the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.2 million barrels to 197.7 million barrels. At 197.7 million barrels, inventories are down 13.1 million barrels, or 6.2% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.3mb); Midwest...


Read the Full Article

Submitted Sep 12, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Nice jump in overall inventories, but gasoline inventories tight Back to Topics
REPLIES (newest first) Post a Reply
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swenglar
Sophomore Author Texas

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Message Posted: Sep 13, 2012 11:08:35 PM

Meh
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MadTraveler
Champion Author Idaho

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Message Posted: Sep 13, 2012 4:36:23 PM

Old
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puinsai808
Champion Author Honolulu

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Message Posted: Sep 13, 2012 9:59:41 AM

old
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40mpgsaturn
Champion Author Wisconsin

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Message Posted: Sep 13, 2012 9:22:20 AM

The consumer can't & won't win!!!
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Cheepo
Champion Author Tampa

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Message Posted: Sep 13, 2012 9:07:12 AM

Drill baby drill here and now!!!!!!!!!
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DougtheEconMan
Champion Author Akron

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Message Posted: Sep 13, 2012 6:51:16 AM

KEEP YOUR TANKS FULL! I've been preaching this for almost 2 months. The "pundits" and "experts" have NOT understood the supply/demand curve for gasoline that started to shape at the beginning of summer. Gasoline refineries have been overworked for months and months. Many have broke down. Some have caught on fire. This was all BEFORE the huricane!! We've seen some after driving season price drop, but very little and this is probably it. STAY FULL! We are only one or two down refineries from shooting back over $4 for a national average. Obamas failing and falling dollar will continue to put upward pressure on oil/gasoline.
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tomok
Champion Author Portland

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Message Posted: Sep 13, 2012 6:11:30 AM

Crude oil inventories increased, Gasoline inventories decreased, Distillate inventories increased, Refinery utilization dropped, Total US oil stocks are up. The trend for fuel prices at the pump is always up!
Big Oil continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Chucks lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Chuck's economy is not improving but continues to hurt the population and the job numbers continue to be down – no matter how smoooooth talking Chuck spins those numbers and he can spin them very well! People will still drive and buy fuel no matter what but it sure helps to have a job too!
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal benefit.
How much will gas prices go up and they will rise, the trend is always up with fuel prices. The price at the pump needs to go down to $2/gallon, $3, $3.50/gallon or $4.00 is Not the new low!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
12/22/2012!
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Petrock
Champion Author Lexington

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Message Posted: Sep 13, 2012 5:14:58 AM

Gasoline production is down ... and prices are up! Sounds like a plan ... to raise prices for the election!
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bikerWI
Champion Author Milwaukee

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Message Posted: Sep 13, 2012 5:12:31 AM

This is another reason they can say why the prices are high in a certain area.
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BoerneWatch
Champion Author San Antonio

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Message Posted: Sep 13, 2012 5:06:51 AM

The inventories numbers should not be touted so much anymore.

Ten years ago they meant a lot more.

Ten years ago we were starting to import gasoline.

Today, we export gasoline and other refined products.

Today, we import oil to convert to gas, diesel and other products that we then export.

In other words, we have plenty of gas and diesel as a whole but some areas of the country may have a shortage.
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yonasb
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Message Posted: Sep 13, 2012 5:05:37 AM

Ok
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tco0102
Champion Author Charleston

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Message Posted: Sep 13, 2012 5:03:41 AM

But prices are going up...
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gabisgram
Champion Author Michigan

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Message Posted: Sep 13, 2012 5:03:29 AM

Hang on to your wallets.
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warlord1
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Message Posted: Sep 13, 2012 5:02:43 AM

ok
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photobuddy
Champion Author Washington

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Message Posted: Sep 13, 2012 5:01:51 AM

the overall stocks are up 11.8 million barrels and yet the prices have not gone down, where is supply and demand? I know the oil companies think that they can raise prices because some of the product has not yet been proceeded. Get move. Hope the food stories don't start to raise food prices just because the cows are still in the field not it the butches warehouse.
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74celica
Champion Author Columbus

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Message Posted: Sep 13, 2012 5:01:43 AM

just the latest excuse to raise prices
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WaWanderer
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Message Posted: Sep 13, 2012 5:01:18 AM

Ok
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jci25946
Champion Author Tampa

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Message Posted: Sep 13, 2012 5:00:40 AM

Yeah, yeah, more higher prices
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mobil1MN
All-Star Author Minnesota

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Message Posted: Sep 13, 2012 5:00:36 AM

ok
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mrjames1818
Champion Author New Jersey

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Message Posted: Sep 13, 2012 5:00:09 AM

This is getting ridiculous. Something has got to change.
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taterVA
All-Star Author Richmond

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Message Posted: Sep 13, 2012 4:58:46 AM

And to think some moran got paid to write this trash.
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ILVET
Champion Author Illinois

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Message Posted: Sep 13, 2012 4:57:46 AM

Stop exporting until its not tight
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gas4433
Champion Author Houston

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Message Posted: Sep 13, 2012 4:57:23 AM

Ok
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KDMWI
Champion Author Wisconsin

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Message Posted: Sep 13, 2012 4:57:12 AM

Boo1989, is that Your opinion because I don't see that statement in the article.
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fillerupyeoww
Champion Author Columbus

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Message Posted: Sep 13, 2012 4:55:07 AM

Yeah well, nice jump in pump prices overnight.
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Lengas
Champion Author Gary

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Message Posted: Sep 13, 2012 4:55:00 AM

BS manipilation
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jeff95519
Champion Author California

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Message Posted: Sep 13, 2012 4:53:07 AM

so then what
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kmurphy345
All-Star Author Toronto

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Message Posted: Sep 13, 2012 4:52:14 AM

ok
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lpatti1
Champion Author Philadelphia

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Message Posted: Sep 13, 2012 4:50:53 AM

OK!
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wcp3rd
All-Star Author New Jersey

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Message Posted: Sep 13, 2012 4:50:35 AM

ok
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P H
Champion Author Albany

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Message Posted: Sep 13, 2012 4:50:15 AM

Supply down Price increases
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Beau2140
Champion Author New York

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Message Posted: Sep 13, 2012 4:49:22 AM

Prices still going up.
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Yankee829
Champion Author Dallas

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Message Posted: Sep 13, 2012 4:48:46 AM

Ok
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isem
Champion Author Missouri

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Message Posted: Sep 13, 2012 4:48:26 AM

Déjà vu
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Boo1989
Champion Author Atlanta

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Message Posted: Sep 13, 2012 4:47:56 AM

"Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." steven chu, obama's energy secretary.

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LeeFree
Champion Author Pittsburgh

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Message Posted: Sep 13, 2012 4:47:44 AM

Seldom matters at the pump.
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f4driver
Champion Author Maine

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Message Posted: Sep 13, 2012 4:46:15 AM

Blah, blah, blah!
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hawkman1950
Champion Author Michigan

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Message Posted: Sep 13, 2012 4:43:36 AM

It's called pure GREED!!!!!!
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TommyTraveler
Champion Author Cincinnati

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Message Posted: Sep 13, 2012 4:41:33 AM

Theses cartel gangsters have stolen trillions of dollars from the American public at a small investment of a few $ million to our politicans. This is the most corrupt and irresponsible governments we have in American History.
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FMREALTOR
Champion Author Florida

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Message Posted: Sep 13, 2012 4:41:25 AM

Amazing how one article say we ar short and the next say we have excess.

I can count too 1,2,15,20,50
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Pointtx
Champion Author Austin

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Message Posted: Sep 13, 2012 4:40:02 AM

Worthless data.
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HelenT
Champion Author Buffalo

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Message Posted: Sep 13, 2012 4:38:36 AM

Always an excuse!
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JoJoQc
Champion Author Montreal

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Message Posted: Sep 13, 2012 4:38:12 AM

Always excuses!
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vamike
Champion Author Virginia

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Message Posted: Sep 13, 2012 4:35:26 AM

There will always be some excuse to keep prices high.
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epf
Champion Author Grand Rapids

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Message Posted: Sep 13, 2012 4:35:15 AM

Not sure why this gets posted.
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SOLONGCOLD
Champion Author Phoenix

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Message Posted: Sep 13, 2012 4:34:53 AM

prices are up to 4.09 here - every time there's something happening over in arab land ....
they kill our people and it goes up.... sickening.
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AvantiMick
Champion Author Indiana

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Message Posted: Sep 13, 2012 4:34:51 AM

Excuses, excuses!
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smenzel
Champion Author Seattle

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Message Posted: Sep 13, 2012 4:34:01 AM

Ok
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4bobux
Champion Author Peoria

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Message Posted: Sep 13, 2012 4:32:13 AM

Doesn't matter, price always goes up for any old reason.
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gaspumpin
Champion Author Indiana

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Message Posted: Sep 13, 2012 4:30:13 AM

Ah Ha! So prices go up.
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