Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:47 PM

GasBuddy News Article

42
votes
EIA:

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 5.9 million barrels to a total of 375.1 million barrels. At 375.1 million barrels, inventories are 37.5 million barrels above last year (11.1%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 1.4 million barrels to 198.6 million barrels. At 198.6 million barrels, inventories are down 6.4 million barrels, or 3.1% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.3mb);...


Read the Full Article

Submitted Oct 24, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,418
Points:1,939,065
Joined:Nov 2008
Message Posted: Nov 2, 2012 4:42:51 AM

lots of useless numbers. Pump prices and barrel inventory are not related.
Profile Pic
mabrams184
Champion Author Lexington

Posts:3,208
Points:838,895
Joined:Aug 2011
Message Posted: Oct 29, 2012 7:37:32 AM

prices at the pump should come down proportionally.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,418
Points:1,939,065
Joined:Nov 2008
Message Posted: Oct 29, 2012 4:55:03 AM

Pig Oil will still reap (near) record profits.
Profile Pic
GasHunter0007
Veteran Author California

Posts:303
Points:298,655
Joined:Oct 2012
Message Posted: Oct 28, 2012 1:00:34 PM

Like a lot of bloggers have said, it doesn't matter if inventory is high. We are all prisoners of gasoline. Prices will remain high -- remember Greed.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,418
Points:1,939,065
Joined:Nov 2008
Message Posted: Oct 28, 2012 7:11:30 AM

the usual, irrelevant data. Doesn't translate to the pumps at all.
Profile Pic
spiderjay
Champion Author Little Rock

Posts:4,795
Points:1,309,675
Joined:Oct 2005
Message Posted: Oct 25, 2012 7:02:49 PM

down down down
Profile Pic
leraar2
Champion Author Massachusetts

Posts:5,389
Points:1,111,595
Joined:Mar 2011
Message Posted: Oct 25, 2012 4:45:40 PM

most of the glut will be exported.
US drivers will not benefit.
Profile Pic
wshutton
Champion Author Seattle

Posts:3,286
Points:1,245,765
Joined:Mar 2009
Message Posted: Oct 25, 2012 1:40:36 PM

And yet retail prices only slowly decline. Romney's Republican speculator buddies at work again.
Profile Pic
gasokie
Champion Author Oklahoma

Posts:4,208
Points:1,588,540
Joined:May 2007
Message Posted: Oct 25, 2012 9:52:31 AM

I wonder how accurate those inventory lists are. Gas in OKC is $2.96 this morning.on I-40, That's what I want to see.
Profile Pic
dpt
Champion Author Michigan

Posts:2,825
Points:2,472,865
Joined:Mar 2005
Message Posted: Oct 25, 2012 9:19:32 AM

Need to produce more distillates and stop exporting them. Heating season is upon us.
Profile Pic
garywa01
Sophomore Author Alberta

Posts:202
Points:636,790
Joined:Jan 2012
Message Posted: Oct 25, 2012 8:48:28 AM

Really!
Profile Pic
sydb7
Champion Author Atlanta

Posts:4,677
Points:2,190,790
Joined:Mar 2003
Message Posted: Oct 25, 2012 7:55:14 AM

Ho hum! Prices are still too high!
Profile Pic
scu227
Champion Author New Haven

Posts:5,932
Points:1,100,105
Joined:Feb 2011
Message Posted: Oct 25, 2012 7:28:35 AM

So bring on those lower prices
Profile Pic
WalRus49
Champion Author Boston

Posts:5,737
Points:1,198,065
Joined:Nov 2010
Message Posted: Oct 25, 2012 6:48:13 AM

More organized mayhem and pillage...................
Profile Pic
nb52
Champion Author Grand Rapids

Posts:9,407
Points:1,872,850
Joined:Nov 2008
Message Posted: Oct 25, 2012 5:25:13 AM

Great report, you EIA overpaid bureaucrats.
Profile Pic
isem
Champion Author Missouri

Posts:3,579
Points:752,465
Joined:Feb 2012
Message Posted: Oct 25, 2012 5:18:35 AM

Déjà vu
Profile Pic
Ferdman17
Champion Author Albany

Posts:2,819
Points:697,595
Joined:Feb 2012
Message Posted: Oct 25, 2012 5:08:13 AM

Keep dropping. Just with fuel oil prices followed.
Profile Pic
FMREALTOR
Champion Author Florida

Posts:8,042
Points:2,024,680
Joined:Jan 2007
Message Posted: Oct 25, 2012 5:06:47 AM

Interesting as winter gas is being stock piled
Profile Pic
Petrock
Champion Author Lexington

Posts:10,779
Points:2,886,960
Joined:Apr 2005
Message Posted: Oct 25, 2012 5:05:03 AM

NOW, maybe prices will start to really drop!
Profile Pic
lindact
Champion Author New Haven

Posts:10,381
Points:2,045,135
Joined:May 2008
Message Posted: Oct 25, 2012 5:04:12 AM

Prices are still too high & folks are curtailing unnecessary driving.
Profile Pic
Lengas
Champion Author Gary

Posts:15,288
Points:3,046,975
Joined:Nov 2004
Message Posted: Oct 25, 2012 5:02:20 AM

Can we go below $3/gallon????????????????????
Profile Pic
jkpsr
Champion Author New Jersey

Posts:5,532
Points:1,419,195
Joined:Jun 2005
Message Posted: Oct 25, 2012 5:00:35 AM

Gas prices fell by an average of 7 cents in DE last week.
Profile Pic
smqua
Champion Author Cleveland

Posts:2,515
Points:848,365
Joined:Mar 2011
Message Posted: Oct 25, 2012 4:58:17 AM

Yawn
Profile Pic
oas
Champion Author Maryland

Posts:5,882
Points:2,470,615
Joined:Feb 2005
Message Posted: Oct 25, 2012 4:56:07 AM

Prices are falling, ever so gradually.
Profile Pic
pbear316
Champion Author Akron

Posts:3,665
Points:1,004,990
Joined:Apr 2011
Message Posted: Oct 25, 2012 4:55:18 AM

Ok
Profile Pic
bababooey2
Champion Author Hartford

Posts:8,017
Points:1,631,800
Joined:Sep 2009
Message Posted: Oct 25, 2012 4:54:46 AM

good
Profile Pic
jhnh
Champion Author Michigan

Posts:3,605
Points:1,935,560
Joined:Nov 2005
Message Posted: Oct 25, 2012 4:54:08 AM

it's coming down
Profile Pic
forderjunk
Champion Author Maine

Posts:10,643
Points:2,183,160
Joined:Sep 2005
Message Posted: Oct 25, 2012 4:53:20 AM

where is the break at the pump ?
Profile Pic
leeso1
Champion Author San Diego

Posts:9,277
Points:1,699,295
Joined:May 2009
Message Posted: Oct 25, 2012 4:51:44 AM

k
Profile Pic
icer06
Champion Author Huntsville

Posts:3,983
Points:768,335
Joined:Jan 2012
Message Posted: Oct 25, 2012 4:50:34 AM

ok
Profile Pic
ILVET
Champion Author Illinois

Posts:16,438
Points:3,252,065
Joined:Jan 2005
Message Posted: Oct 25, 2012 4:50:04 AM

This has happened many times before
Profile Pic
smokinjoe54
Champion Author Ohio

Posts:5,037
Points:1,048,665
Joined:Feb 2010
Message Posted: Oct 25, 2012 4:48:47 AM

These numbers don't mean a thing toward prices.
Profile Pic
hawkman1950
Champion Author Michigan

Posts:4,299
Points:869,755
Joined:Aug 2010
Message Posted: Oct 25, 2012 4:47:44 AM

And we continue to get bent over with these out of sight gas and DIESEL prices!!!!!!!!!!!!!!!!!!!!!!
Profile Pic
momster1
All-Star Author Wisconsin

Posts:881
Points:578,775
Joined:Mar 2011
Message Posted: Oct 25, 2012 4:45:19 AM

Yup,
Profile Pic
alphanyr
Champion Author Connecticut

Posts:8,800
Points:1,004,950
Joined:Apr 2011
Message Posted: Oct 25, 2012 4:44:42 AM

last minute election game obama
Profile Pic
Dailyrun
Champion Author Kentucky

Posts:2,217
Points:434,915
Joined:Apr 2012
Message Posted: Oct 25, 2012 4:44:33 AM

Well then -- turn it into fuel!!
Profile Pic
76chevy
Champion Author Toledo

Posts:4,798
Points:1,022,445
Joined:Jun 2010
Message Posted: Oct 25, 2012 4:44:32 AM

Every one is waiting to see if it will get better or if we will have another four years like the last.
Profile Pic
easydriver11
All-Star Author Cape Coral

Posts:657
Points:735,320
Joined:Feb 2011
Message Posted: Oct 25, 2012 4:44:06 AM

prices will go down to help Obama
Profile Pic
Brucevanf
Champion Author New Brunswick

Posts:2,999
Points:572,920
Joined:Aug 2012
Message Posted: Oct 25, 2012 4:43:46 AM

There still keeping prices higher than they should be.
Profile Pic
gabisgram
Champion Author Michigan

Posts:3,790
Points:1,231,495
Joined:Sep 2006
Message Posted: Oct 25, 2012 4:43:20 AM

Still 3.56 here.
Profile Pic
TheRedFez
Veteran Author Las Vegas

Posts:341
Points:115,155
Joined:Sep 2005
Message Posted: Oct 25, 2012 4:42:27 AM

So what ever happened to the economic law of supply and demand?
Profile Pic
kzza100
Champion Author New Jersey

Posts:2,103
Points:857,435
Joined:Sep 2011
Message Posted: Oct 25, 2012 4:41:25 AM

o
Profile Pic
AvantiMick
Champion Author Indiana

Posts:14,346
Points:2,865,730
Joined:Dec 2005
Message Posted: Oct 25, 2012 4:40:51 AM

Yep, they're playing "Let's screw the public" again, I mean still! Across Indiana this morning, there is a 98 cent difference in price!! No reason for that.
Profile Pic
kirzon484
Champion Author Atlanta

Posts:3,510
Points:759,915
Joined:Jun 2011
Message Posted: Oct 25, 2012 4:40:35 AM

old
Profile Pic
nurdco
Champion Author Colorado Springs

Posts:11,712
Points:2,023,590
Joined:Apr 2008
Message Posted: Oct 25, 2012 4:39:49 AM

So is their GREED
Profile Pic
tc316
Champion Author Twin Cities

Posts:12,355
Points:2,041,555
Joined:Apr 2007
Message Posted: Oct 25, 2012 4:39:17 AM

So
Profile Pic
danny999
Champion Author Florida

Posts:10,374
Points:1,968,035
Joined:Oct 2008
Message Posted: Oct 25, 2012 4:38:59 AM

With COMEX at 2.60,why are stations running 90 cents over and up.We're getting gouged people.
Profile Pic
Beau2140
Champion Author New York

Posts:9,866
Points:1,971,360
Joined:Oct 2008
Message Posted: Oct 25, 2012 4:36:44 AM

Time for the pump price to drop.
Profile Pic
LeeFree
Champion Author Pittsburgh

Posts:10,760
Points:2,563,650
Joined:Jun 2005
Message Posted: Oct 25, 2012 4:36:01 AM

Glad I filled my heating oil tanks early in the Summer. It's now 60 cents/gal higher (locally) and distillate inventories are running low so no break in price any time soon.
Profile Pic
fieldt
Champion Author Lansing

Posts:5,377
Points:1,045,485
Joined:Mar 2011
Message Posted: Oct 25, 2012 4:35:41 AM

Good news, FWIW.

[Edited by: fieldt at 10/25/2012 5:35:59 AM EST]
Post a reply Back to Topics