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EIA data shows massive build in gasoline, distillate inventories

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 1.3 million barrels to a total of 361.3 million barrels. At 361.3 million barrels, inventories are 26.6 million barrels above last year (8%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 7.4 million barrels to 233.1 million barrels. At 233.1 million barrels, inventories are up 9.3 million barrels, or 4.1% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.9mb); Midwest...

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Submitted Jan 09, 2013 By: PD

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honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: Jan 13, 2013 6:56:59 AM Ignore honda0105 Report Abuse Lugi: that's b/c Pig Oil CAN raise prices and no one can do a thing about it.
Lugi1967 Champion Author Ohio Posts:4,778 Points:1,001,045 Joined:Jun 2010	Message Posted: Jan 12, 2013 9:27:18 AM Ignore Lugi1967 Report Abuse And yet the price of gas spiked up 40 cents this week??
honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: Jan 12, 2013 7:02:21 AM Ignore honda0105 Report Abuse yawn.
DeeLA Champion Author Los Angeles Posts:4,807 Points:1,363,380 Joined:Nov 2008	Message Posted: Jan 10, 2013 1:22:06 PM Ignore DeeLA Report Abuse Old News.
Tiernan2012 Champion Author Sacramento Posts:1,088 Points:175,285 Joined:Oct 2012	Message Posted: Jan 10, 2013 1:10:57 PM Ignore Tiernan2012 Report Abuse But, here in California, the lowest prices at the pump are nudging upwards while the highs are slowly coming down, making the average relatively stable, for now, with slight rises and dips in the overall daily average. So, an increase in supply only keeps the average stable, at best?
HailstormCA Champion Author San Diego Posts:7,845 Points:1,470,070 Joined:Nov 2008	Message Posted: Jan 10, 2013 1:01:31 PM Ignore HailstormCA Report Abuse And why are prices still going up>?
hatterasjack Champion Author South Carolina Posts:1,294 Points:724,310 Joined:Sep 2007	Message Posted: Jan 10, 2013 12:58:10 PM Ignore hatterasjack Report Abuse So why aren't pump prices falling off?
bridgerunner Champion Author Virginia Posts:4,777 Points:1,004,885 Joined:Jul 2009	Message Posted: Jan 10, 2013 12:50:51 PM Ignore bridgerunner Report Abuse There has to be an underlying reason for this.
DrLyon Champion Author Michigan Posts:6,645 Points:1,211,005 Joined:May 2006	Message Posted: Jan 10, 2013 12:49:24 PM Ignore DrLyon Report Abuse So lower the pump prices...
mhadden Rookie Author Indiana Posts:22 Points:77,265 Joined:Mar 2005	Message Posted: Jan 10, 2013 12:49:18 PM Ignore mhadden Report Abuse The laws of supply and demand indicate that fuel costs should go down. But we all know they won't (if anything, they'll go up!)
briinnc Champion Author North Carolina Posts:2,705 Points:834,820 Joined:Jan 2010	Message Posted: Jan 10, 2013 12:44:08 PM Ignore briinnc Report Abuse Again?
ntass1 Champion Author Edmonton Posts:3,785 Points:726,075 Joined:May 2011	Message Posted: Jan 10, 2013 12:41:56 PM Ignore ntass1 Report Abuse prices steady here for now.
chillyman3 Champion Author Illinois Posts:1,355 Points:422,890 Joined:Jan 2012	Message Posted: Jan 10, 2013 12:41:38 PM Ignore chillyman3 Report Abuse old news
garyr86 Champion Author Michigan Posts:1,995 Points:603,580 Joined:Dec 2010	Message Posted: Jan 10, 2013 12:41:38 PM Ignore garyr86 Report Abuse Doesn't really mean a lot to me.
milespergallon Champion Author Illinois Posts:9,739 Points:1,907,385 Joined:Feb 2007	Message Posted: Jan 10, 2013 12:41:02 PM Ignore milespergallon Report Abuse Yesterday
macike All-Star Author South Dakota Posts:678 Points:161,885 Joined:Feb 2012	Message Posted: Jan 10, 2013 12:40:32 PM Ignore macike Report Abuse We need sources of new oil
zaq001 Champion Author Atlanta Posts:3,970 Points:1,471,125 Joined:Oct 2008	Message Posted: Jan 10, 2013 12:39:01 PM Ignore zaq001 Report Abuse Good! Now, let's see prices at the pump drop.
tick1946 Sophomore Author Cincinnati Posts:111 Points:1,024,520 Joined:Nov 2006	Message Posted: Jan 10, 2013 12:38:23 PM Ignore tick1946 Report Abuse Prices up twenty cents from yesterday.
radiorumor Champion Author Texas Posts:2,802 Points:752,660 Joined:Feb 2011	Message Posted: Jan 10, 2013 12:37:54 PM Ignore radiorumor Report Abuse So when do the lower prices hit the pump? It's up .08 cents since Monday around here.
dad2two Champion Author Dallas Posts:3,533 Points:748,445 Joined:May 2010	Message Posted: Jan 10, 2013 12:32:10 PM Ignore dad2two Report Abuse People can't afford to drive much anymore.
cricket48750 All-Star Author Michigan Posts:792 Points:411,630 Joined:May 2011	Message Posted: Jan 10, 2013 12:30:00 PM Ignore cricket48750 Report Abuse Unfortunately inventory levels do not affect prices unless it works in the right direction.
SUV2009 Champion Author Orlando Posts:4,408 Points:1,141,365 Joined:Oct 2009	Message Posted: Jan 10, 2013 12:27:56 PM Ignore SUV2009 Report Abuse Along with increases at the pump.
Edpap Champion Author Pennsylvania Posts:4,317 Points:504,975 Joined:Oct 2011	Message Posted: Jan 10, 2013 12:26:17 PM Ignore Edpap Report Abuse Because over half of America is still broke...they should have voted for Romney instead of handouts from Odumbash.
kpacey All-Star Author Oklahoma Posts:596 Points:272,260 Joined:May 2012	Message Posted: Jan 10, 2013 12:25:49 PM Ignore kpacey Report Abuse Hopefully that means prices will be coming down
SUPERQUACK Champion Author Sacramento Posts:6,116 Points:1,909,880 Joined:Jun 2007	Message Posted: Jan 10, 2013 12:23:00 PM Ignore SUPERQUACK Report Abuse LOWER THE PRICE..... HELP THE ECONOMY
rodzilla123 Champion Author San Diego Posts:4,390 Points:1,032,415 Joined:Jul 2008	Message Posted: Jan 10, 2013 12:21:10 PM Ignore rodzilla123 Report Abuse YEP!!!!!
Bud122CA Champion Author California Posts:7,461 Points:1,604,125 Joined:Jul 2008	Message Posted: Jan 10, 2013 12:20:55 PM Ignore Bud122CA Report Abuse Gas storage up and selling less, export more to other countries and keep our prices up. Whoes side are they on???
Catfish93001 Champion Author Ventura Posts:1,200 Points:247,205 Joined:Jun 2008	Message Posted: Jan 10, 2013 12:19:49 PM Ignore Catfish93001 Report Abuse old news.
GManCo Champion Author Colorado Springs Posts:4,986 Points:949,640 Joined:Sep 2010	Message Posted: Jan 10, 2013 12:17:53 PM Ignore GManCo Report Abuse Prices are dropping.
wshutton Champion Author Los Angeles Posts:1,662 Points:923,970 Joined:Mar 2009	Message Posted: Jan 10, 2013 12:16:53 PM Ignore wshutton Report Abuse I'm certain Romney's Republican speculator buddies will make certain retail prices won't drop.
ultm8opie Champion Author Twin Cities Posts:2,189 Points:531,805 Joined:Jan 2011	Message Posted: Jan 10, 2013 12:08:31 PM Ignore ultm8opie Report Abuse so prices should drop!
checkitnow Champion Author Atlanta Posts:2,031 Points:570,595 Joined:Aug 2010	Message Posted: Jan 10, 2013 12:08:23 PM Ignore checkitnow Report Abuse pump prices have risen almost 30cents around here...
NorthglennBill Champion Author Denver Posts:7,417 Points:1,470,870 Joined:Oct 2008	Message Posted: Jan 10, 2013 12:06:39 PM Ignore NorthglennBill Report Abuse Price of gasoline continues to fall in this area. Great news!
MDTDriver Champion Author California Posts:9,719 Points:2,153,670 Joined:Jul 2006	Message Posted: Jan 10, 2013 12:05:12 PM Ignore MDTDriver Report Abuse But will we see it at the pump?
arcaneradio Champion Author Michigan Posts:2,517 Points:489,980 Joined:Dec 2010	Message Posted: Jan 10, 2013 12:03:52 PM Ignore arcaneradio Report Abuse whatever
dacofa Champion Author Nevada Posts:5,371 Points:1,147,905 Joined:Jan 2010	Message Posted: Jan 10, 2013 12:03:33 PM Ignore dacofa Report Abuse Rationing soon. You watch
outlaw329 Champion Author Austin Posts:7,611 Points:1,373,305 Joined:Aug 2008	Message Posted: Jan 10, 2013 12:02:42 PM Ignore outlaw329 Report Abuse Prices rising here!
VernonOR Champion Author Oregon Posts:2,905 Points:735,920 Joined:Aug 2010	Message Posted: Jan 10, 2013 12:02:13 PM Ignore VernonOR Report Abuse Not going down in my home town.
Emmamae1 Champion Author Illinois Posts:3,048 Points:587,240 Joined:Oct 2011	Message Posted: Jan 10, 2013 12:01:50 PM Ignore Emmamae1 Report Abuse hopefully prices come down.
boatcrazyinme Champion Author Maine Posts:1,923 Points:547,070 Joined:Apr 2010	Message Posted: Jan 10, 2013 11:59:05 AM Ignore boatcrazyinme Report Abuse same @#$%Z diffrence day!
idigau22 Champion Author Washington Posts:23,397 Points:3,200,035 Joined:Apr 2003	Message Posted: Jan 10, 2013 11:57:15 AM Ignore idigau22 Report Abuse $3.59 per gallon in my area.
skysteve1 Champion Author Victoria Posts:1,132 Points:374,285 Joined:Jul 2011	Message Posted: Jan 10, 2013 11:56:42 AM Ignore skysteve1 Report Abuse still steady here
mageetp Champion Author British Columbia Posts:3,200 Points:624,680 Joined:Aug 2011	Message Posted: Jan 10, 2013 11:56:31 AM Ignore mageetp Report Abuse old post.
greenfog Champion Author Illinois Posts:6,480 Points:1,637,195 Joined:Feb 2008	Message Posted: Jan 10, 2013 11:56:15 AM Ignore greenfog Report Abuse prices went up 20 cents here yesterday. of course gas inventories have increased, people are out of work and with the limited income they have they can buy gas or heat their home.
paulweb All-Star Author Ohio Posts:806 Points:353,420 Joined:May 2011	Message Posted: Jan 10, 2013 11:56:15 AM Ignore paulweb Report Abuse Prices jumped 20 cents in east-central OH.
Toppers Champion Author Atlanta Posts:9,007 Points:2,469,720 Joined:Mar 2005	Message Posted: Jan 10, 2013 11:51:49 AM Ignore Toppers Report Abuse Prices rocketed after Christmas but have stabilized the past week in ATL
uglytom Champion Author Florida Posts:7,464 Points:1,542,015 Joined:Jul 2007	Message Posted: Jan 10, 2013 11:50:24 AM Ignore uglytom Report Abuse Nevertheless, gas prices jumping up here like a kangaroo would! Could speculators be controlling the prices?
91Hilux Champion Author New Haven Posts:2,162 Points:680,720 Joined:Aug 2007	Message Posted: Jan 10, 2013 11:50:22 AM Ignore 91Hilux Report Abuse Doesn't matter, prices are still creeping up in CT. This is direct price gouging and supply manipulation by Big Oil.
HEBster Champion Author Kentucky Posts:8,783 Points:2,373,050 Joined:May 2006	Message Posted: Jan 10, 2013 11:49:06 AM Ignore HEBster Report Abuse & prices have stabilized in KY
EVBuddy Champion Author Nevada Posts:16,685 Points:3,030,620 Joined:Sep 2004	Message Posted: Jan 10, 2013 11:48:04 AM Ignore EVBuddy Report Abuse Small change not massive