Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:34 AM

GasBuddy News Article

58
votes
Gasoline inventories rise again, says EIA

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 decreased by 1.0 million barrels to a total of 360.3 million barrels. At 360.3 million barrels, inventories are 29.1 million barrels above last year (8.8%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 1.9 million barrels to 235.0 million barrels. At 235.0 million barrels, inventories are up 7.5 million barrels, or 3.3% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.6mb); Midwest...


Read the Full Article

Submitted Jan 16, 2013 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Gasoline inventories rise again, says EIA Back to Topics
REPLIES (newest first) Post a Reply
sweeteddy
Champion Author Indianapolis

Posts:3,644
Points:1,708,820
Joined:Aug 2006
Message Posted: Feb 11, 2013 1:18:09 AM

good
Bearcat500
Champion Author Cincinnati

Posts:11,923
Points:2,116,745
Joined:Nov 2005
Message Posted: Feb 10, 2013 10:12:23 AM

OK
pilotmass
Champion Author Boston

Posts:5,344
Points:1,285,015
Joined:Jul 2011
Message Posted: Jan 31, 2013 6:44:30 AM

Inventory rise so does gas prices. Grrr....
rrs517
Champion Author Colorado

Posts:4,192
Points:1,125,455
Joined:Apr 2006
Message Posted: Jan 30, 2013 6:48:45 AM

Good
Vette1967
Champion Author Albany

Posts:9,230
Points:2,059,345
Joined:Jun 2009
Message Posted: Jan 30, 2013 12:36:44 AM

So why are pump prices rising?
99dakota
Champion Author Providence

Posts:11,457
Points:2,949,775
Joined:Oct 2006
Message Posted: Jan 29, 2013 4:32:21 AM

Good news, but probably will not affect prices right away.
honda0105
Champion Author Tallahassee

Posts:24,091
Points:2,393,340
Joined:Nov 2008
Message Posted: Jan 18, 2013 11:10:54 PM

we know by now that gasoline inventories do not always translate to lower pump prices.
blupupher
Champion Author Houston

Posts:6,779
Points:1,510,280
Joined:Feb 2011
Message Posted: Jan 17, 2013 7:33:58 AM

yet prices remain high.
FogCitySpotter
Champion Author San Francisco

Posts:3,678
Points:1,016,900
Joined:Apr 2007
Message Posted: Jan 17, 2013 6:11:51 AM

Ok
pitamon
Champion Author Philadelphia

Posts:7,502
Points:2,567,750
Joined:Sep 2004
Message Posted: Jan 17, 2013 5:51:43 AM

So why isn't the price dropping?
nb52
Champion Author Grand Rapids

Posts:11,011
Points:2,322,885
Joined:Nov 2008
Message Posted: Jan 17, 2013 5:12:28 AM

Overpaid bureaucrats at EIA.
kirzon484
Champion Author Atlanta

Posts:5,020
Points:1,203,625
Joined:Jun 2011
Message Posted: Jan 17, 2013 5:03:55 AM

supply up, price down. lets see what excuse they use this time for high prices. should be amusing.
checkum
Champion Author St. Louis

Posts:10,836
Points:2,212,815
Joined:Jan 2008
Message Posted: Jan 17, 2013 5:03:11 AM

pump price should be a dollar less by now
isem
Champion Author Missouri

Posts:5,194
Points:1,206,740
Joined:Feb 2012
Message Posted: Jan 17, 2013 5:03:10 AM

This hasn’t helped pump prices much in most places…
SHEP20715
Champion Author Maryland

Posts:11,847
Points:2,495,965
Joined:Nov 2007
Message Posted: Jan 17, 2013 5:02:40 AM

Gas prices are controlled more by global circumstances, the by our inventory
WEB0153
Champion Author Maryland

Posts:3,838
Points:926,810
Joined:Dec 2012
Message Posted: Jan 17, 2013 5:02:24 AM

Law of economics - Inventories up>Prices should fall.
smqua
Champion Author Cleveland

Posts:2,627
Points:1,079,955
Joined:Mar 2011
Message Posted: Jan 17, 2013 5:02:11 AM

Seems like there is a supply to price disconnect
Petrock
Champion Author Lexington

Posts:12,404
Points:3,341,235
Joined:Apr 2005
Message Posted: Jan 17, 2013 5:01:03 AM

Inventories are up - let's raise prices!
Ratso
Champion Author Ohio

Posts:23,982
Points:3,463,195
Joined:Sep 2003
Message Posted: Jan 17, 2013 5:00:29 AM

they all keep raising the prices though !
Ferdman17
Champion Author Albany

Posts:4,352
Points:1,148,105
Joined:Feb 2012
Message Posted: Jan 17, 2013 4:59:01 AM

Well w
Seems to make no difference anyway.
abk
Champion Author Utah

Posts:3,974
Points:1,373,800
Joined:Jan 2010
Message Posted: Jan 17, 2013 4:58:01 AM

Need bigger supplies along both coasts to lower prices.
chuckohio
Champion Author Columbus

Posts:4,294
Points:993,900
Joined:Aug 2012
Message Posted: Jan 17, 2013 4:57:52 AM

Okay
SavingInNC
Champion Author North Carolina

Posts:7,429
Points:1,755,910
Joined:Oct 2006
Message Posted: Jan 17, 2013 4:57:26 AM

Prices go up right along with it.
arinkrat17
Champion Author Twin Cities

Posts:9,443
Points:2,112,265
Joined:Aug 2009
Message Posted: Jan 17, 2013 4:56:25 AM

Prices jumped again at the pumps yesterday crooks
DrivingFool2
Champion Author Appleton

Posts:11,935
Points:2,377,310
Joined:Apr 2005
Message Posted: Jan 17, 2013 4:55:11 AM

Doh
blitzntj
Champion Author Jacksonville

Posts:6,621
Points:1,395,910
Joined:Dec 2007
Message Posted: Jan 17, 2013 4:51:25 AM

blah blah blah
Alderaan
Champion Author Greenville

Posts:1,288
Points:389,845
Joined:Feb 2012
Message Posted: Jan 17, 2013 4:50:59 AM

You'd THINK this would mean prices would go down.
ILVET
Champion Author Illinois

Posts:18,292
Points:3,706,120
Joined:Jan 2005
Message Posted: Jan 17, 2013 4:50:48 AM

Can we move on please
Ziggy1962
Champion Author New Jersey

Posts:75,348
Points:2,593,340
Joined:Aug 2006
Message Posted: Jan 17, 2013 4:50:05 AM

Old news.
LeeFree
Champion Author Pittsburgh

Posts:12,373
Points:3,017,700
Joined:Jun 2005
Message Posted: Jan 17, 2013 4:47:09 AM

Not translating to lower prices in these parts.
oas
Champion Author Maryland

Posts:7,482
Points:2,920,540
Joined:Feb 2005
Message Posted: Jan 17, 2013 4:46:36 AM

yesterday's news.
fillerupyeoww
Champion Author Columbus

Posts:9,003
Points:2,399,205
Joined:Mar 2008
Message Posted: Jan 17, 2013 4:45:50 AM

Won't help lower pump prices.
jeff95519
Champion Author California

Posts:5,656
Points:2,134,425
Joined:Sep 2008
Message Posted: Jan 17, 2013 4:42:07 AM

prices should go down then
Lengas
Champion Author Gary

Posts:17,028
Points:3,501,250
Joined:Nov 2004
Message Posted: Jan 17, 2013 4:41:19 AM

$3.199 here
turbodog
Champion Author Mississippi

Posts:10,007
Points:2,141,790
Joined:Feb 2009
Message Posted: Jan 17, 2013 4:37:33 AM

Should fall
billy44bo
Champion Author Mobile

Posts:10,269
Points:2,257,785
Joined:Feb 2008
Message Posted: Jan 17, 2013 4:34:56 AM

Dow to $3.08 here was under $2.85 before the holidays.
epf
Champion Author Grand Rapids

Posts:9,607
Points:2,670,670
Joined:May 2004
Message Posted: Jan 17, 2013 4:30:23 AM

I agree with Maintroll
gabisgram
Champion Author Michigan

Posts:4,408
Points:1,432,415
Joined:Sep 2006
Message Posted: Jan 17, 2013 4:30:14 AM

Gas went down 7 cents yesterday here.
Maintroll
Champion Author Lexington

Posts:11,887
Points:2,486,135
Joined:Aug 2008
Message Posted: Jan 17, 2013 4:28:27 AM

Why do they even waste space printing this garbage every week.
AvantiMick
Champion Author Indiana

Posts:15,908
Points:3,306,510
Joined:Dec 2005
Message Posted: Jan 17, 2013 4:27:24 AM

Prices dropping all around here, but not here!??
hybridaholic
Champion Author Appleton

Posts:11,687
Points:2,330,130
Joined:Dec 2008
Message Posted: Jan 17, 2013 4:26:43 AM

Prices should be falling.
Foxt
Champion Author Minnesota

Posts:8,469
Points:2,795,460
Joined:Jul 2006
Message Posted: Jan 17, 2013 4:25:32 AM

So are the prices.
vamike
Champion Author Virginia

Posts:8,240
Points:2,118,925
Joined:Dec 2008
Message Posted: Jan 17, 2013 4:24:00 AM

Yawn
Bonanza
Champion Author Boston

Posts:15,949
Points:3,334,030
Joined:Jun 2004
Message Posted: Jan 17, 2013 4:23:10 AM

Yesterday's news
pfone1847
Champion Author Illinois

Posts:6,443
Points:1,404,855
Joined:Oct 2010
Message Posted: Jan 17, 2013 4:22:12 AM

Lower the prices at the pumps.
74celica
Champion Author Columbus

Posts:4,694
Points:2,593,135
Joined:May 2006
Message Posted: Jan 17, 2013 4:21:32 AM

and yet prices remain high
stpetebp
Champion Author Tampa

Posts:7,847
Points:2,407,660
Joined:Nov 2007
Message Posted: Jan 17, 2013 4:21:13 AM

Inventory High... Prices High... Hmmm!

[Edited by: stpetebp at 1/17/2013 5:21:43 AM EST]
Dailyrun
Champion Author Kentucky

Posts:2,217
Points:434,915
Joined:Apr 2012
Message Posted: Jan 17, 2013 4:20:52 AM

and..
gougenator
Champion Author Dallas

Posts:34,279
Points:3,998,575
Joined:Aug 2003
Message Posted: Jan 17, 2013 4:19:35 AM

/////It is possible that speculators are keeping the prices up and because the economy is still sluggish, there is little demand and so inventories grow. This is the opposite to what would normally be expected with supply-demand//////

no speculators, no artificial price jacking
let supply demand work like it should, revive this ecomanie PROSPER! then supply demand will kick the price up on its own

okay!
Luckylindy
Champion Author Milwaukee

Posts:7,478
Points:1,877,455
Joined:May 2008
Message Posted: Jan 17, 2013 4:18:10 AM

My god, Drivefast has figured out the secret equation.
DRIVESFAST
Champion Author San Bernardino

Posts:21,160
Points:4,089,100
Joined:Mar 2004
Message Posted: Jan 17, 2013 4:14:57 AM

Supplies down = prices up.
Supplies up = prices up.
Post a reply Back to Topics