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Author	Topic: EIA: Gasoline inventories swell in Great Lakes, lead to discounts	Post a Reply Back to Topics

PD Moderator	Message Posted: Feb 15, 2012 10:53:43 AM Ignore PD Report Abuse 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 decreased by 0.2 million barrels to a total of 339.1 million barrels. At 339.1 million barrels, inventories are 6.8 million barrels below last year (-2.0%) and are in the upper limit of the average range. GASOLINE INVENTORIES: Gasoline inventories increased by 0.4 million barrels to 232.2 million barrels. At 232.2 million barrels, inventories are 8.9 million barrels, or 3.7% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.7mb); Midwest ... Visit GasBuddy Blog for full article

Moderator

Message Posted: Feb 15, 2012 10:53:43 AM

Ignore PD Report Abuse

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 decreased by 0.2 million barrels to a total of 339.1 million barrels. At 339.1 million barrels, inventories are 6.8 million barrels below last year (-2.0%) and are in the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 0.4 million barrels to 232.2 million barrels. At 232.2 million barrels, inventories are 8.9 million barrels, or 3.7% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.7mb); Midwest ...

Visit GasBuddy Blog for full article

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honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Feb 19, 2012 9:50:32 AM Ignore honda0105 Report Abuse hey martinman, does that mean St. Louis is getting lower prices? :D
RapMassaG Champion Author Cincinnati Posts:2,611 Points:1,048,965 Joined:Oct 2008	Message Posted: Feb 18, 2012 10:54:30 AM Ignore RapMassaG Report Abuse Discount is OVER. Greedway has decided to spike, on a SATURDAY. Prices jumping 40 cents/gallon this morning. New price in Ohio is $3.499. Similar increases are occuring in all other Greedway states today.
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Feb 18, 2012 10:51:09 AM Ignore honda0105 Report Abuse if distillates decreased, how come gasoline increased? Last I checked, gasoline was a distillate too...
clermont40miles Champion Author Cincinnati Posts:10,548 Points:1,768,870 Joined:Apr 2008	Message Posted: Feb 17, 2012 11:20:48 PM Ignore clermont40miles Report Abuse What? Excess supply lowers price? Don't let the speculator scum know! They'll raise the price as they are always about. Best friends the oil producers could hope for. Maybe they get a cut of the proceeds.
tomok Champion Author Portland Posts:32,917 Points:2,341,510 Joined:Aug 2006	Message Posted: Feb 16, 2012 3:11:11 AM Ignore tomok Report Abuse Crude inventories decreased, Gasoline inventories increased, Distillate inventories decreased. and Refinery utilization rose. Total oil stocks in the US are down. Big oil selling 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. Barry will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction. 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 benefit. Whatever the size or shape of the vehicle is, Produce and ‘Drive’ vehicles with high MPG, are very 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!
runinoutagas Champion Author San Bernardino Posts:10,482 Points:1,615,435 Joined:Oct 2008	Message Posted: Feb 16, 2012 2:19:58 AM Ignore runinoutagas Report Abuse purchasing power inventories dwindling in this neck of the woods
Bezalel Champion Author Oklahoma City Posts:12,083 Points:2,287,020 Joined:Oct 2006	Message Posted: Feb 16, 2012 12:52:20 AM Ignore Bezalel Report Abuse No drops here.
idigau22 Champion Author Washington Posts:23,384 Points:3,197,985 Joined:Apr 2003	Message Posted: Feb 16, 2012 12:31:14 AM Ignore idigau22 Report Abuse We have been paying inflated fuel prices for over 3 years now! No relief in sight!!
LoneGuy Champion Author Lansing Posts:8,460 Points:2,313,995 Joined:Aug 2005	Message Posted: Feb 16, 2012 12:24:11 AM Ignore LoneGuy Report Abuse Prices are still down in mid Michigan. This surplus of inventories might be due to the slack economy.
Matt G Champion Author Boston Posts:4,518 Points:2,770,115 Joined:Jun 2004	Message Posted: Feb 16, 2012 12:20:32 AM Ignore Matt G Report Abuse Not here
leraar2 Champion Author Massachusetts Posts:3,744 Points:783,680 Joined:Mar 2011	Message Posted: Feb 16, 2012 12:19:24 AM Ignore leraar2 Report Abuse way to go: cheaper DOMESTIC prices.
tampacrvdriver Champion Author Tampa Posts:3,336 Points:709,185 Joined:May 2011	Message Posted: Feb 16, 2012 12:17:23 AM Ignore tampacrvdriver Report Abuse That's a good thing for those people.
umitb Champion Author Indianapolis Posts:3,659 Points:840,415 Joined:Apr 2010	Message Posted: Feb 16, 2012 12:17:19 AM Ignore umitb Report Abuse ok
Zonk Champion Author Michigan Posts:6,466 Points:2,099,090 Joined:Oct 2005	Message Posted: Feb 16, 2012 12:17:10 AM Ignore Zonk Report Abuse In the Midwest, as inventories are consumed, the price of gas will also increase.
must87searcher Champion Author Maryland Posts:8,963 Points:1,776,570 Joined:Apr 2008	Message Posted: Feb 16, 2012 12:16:45 AM Ignore must87searcher Report Abuse There is very little sign of falling prices here.
boatmen Champion Author New York Posts:3,065 Points:620,305 Joined:Jan 2011	Message Posted: Feb 16, 2012 12:16:40 AM Ignore boatmen Report Abuse Greedy biches will say all distribution lines are down we can not ship that's why we must raise prices
cheapertvs Champion Author Richmond Posts:10,263 Points:2,737,720 Joined:Jan 2004	Message Posted: Feb 16, 2012 12:16:01 AM Ignore cheapertvs Report Abuse We could use some discounts down here in Virginia!!!
Geo4564 Champion Author Nevada Posts:6,901 Points:1,565,620 Joined:Aug 2007	Message Posted: Feb 16, 2012 12:15:54 AM Ignore Geo4564 Report Abuse Good news.
HKL All-Star Author Wilmington Posts:639 Points:359,430 Joined:Oct 2010	Message Posted: Feb 16, 2012 12:14:55 AM Ignore HKL Report Abuse ok
heartbroken2010 Champion Author Ottawa Posts:4,324 Points:893,535 Joined:Aug 2010	Message Posted: Feb 16, 2012 12:13:51 AM Ignore heartbroken2010 Report Abuse i dont see any " discounts" here , just paid $122.1 per litre 10 minutes ago .
steve621 Champion Author Wilmington Posts:1,977 Points:2,104,180 Joined:Aug 2004	Message Posted: Feb 16, 2012 12:13:12 AM Ignore steve621 Report Abuse yep
joel27nc Champion Author Raleigh Posts:10,522 Points:1,855,445 Joined:Mar 2008	Message Posted: Feb 16, 2012 12:12:58 AM Ignore joel27nc Report Abuse It looks like gas prices are going up.
bobt2382 Champion Author Texas Posts:2,904 Points:797,445 Joined:Apr 2010	Message Posted: Feb 16, 2012 12:12:40 AM Ignore bobt2382 Report Abuse Temporary.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Feb 16, 2012 12:12:36 AM Ignore tedjm1 Report Abuse Prices going up in NY
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Feb 16, 2012 12:12:03 AM Ignore pastorpaulcg Report Abuse No discounts around here
billk44077 Champion Author Cleveland Posts:3,157 Points:627,555 Joined:Aug 2011	Message Posted: Feb 16, 2012 12:11:43 AM Ignore billk44077 Report Abuse And the price at the pump is still high.
swede Champion Author Cleveland Posts:3,747 Points:1,672,000 Joined:Feb 2003	Message Posted: Feb 16, 2012 12:10:47 AM Ignore swede Report Abuse That is great for the north central part of the United States.
Blue_Cruzer Champion Author Lexington Posts:7,505 Points:1,666,660 Joined:Mar 2007	Message Posted: Feb 16, 2012 12:10:31 AM Ignore Blue_Cruzer Report Abuse What a crock, prices are still high.
mpg611 Champion Author Cleveland Posts:2,316 Points:566,170 Joined:Apr 2011	Message Posted: Feb 16, 2012 12:09:23 AM Ignore mpg611 Report Abuse What discounts? Theyre not here in NE Ohio.
catspaw Champion Author Toronto Posts:29,929 Points:3,149,735 Joined:Apr 2004	Message Posted: Feb 16, 2012 12:06:40 AM Ignore catspaw Report Abuse Interesting that here, just a few hundred feet from a Great Lake, the price has been climbing 3 or 4 cents per US gallon every day for the past couple of weeks.
pgerassi Champion Author Milwaukee Posts:10,881 Points:2,128,580 Joined:Apr 2007	Message Posted: Feb 16, 2012 12:06:37 AM Ignore pgerassi Report Abuse OK.
passin_gas2011 All-Star Author Ohio Posts:750 Points:141,120 Joined:Sep 2011	Message Posted: Feb 16, 2012 12:05:54 AM Ignore passin_gas2011 Report Abuse lower the prices already!
regout Champion Author Quebec Posts:2,935 Points:828,705 Joined:May 2010	Message Posted: Feb 16, 2012 12:05:53 AM Ignore regout Report Abuse Anything.
zaq001 Champion Author Atlanta Posts:3,960 Points:1,469,075 Joined:Oct 2008	Message Posted: Feb 16, 2012 12:04:46 AM Ignore zaq001 Report Abuse Ok
LegoVasavouchi Champion Author Oklahoma Posts:1,659 Points:114,390 Joined:Apr 2011	Message Posted: Feb 16, 2012 12:03:10 AM Ignore LegoVasavouchi Report Abuse Fascinating.
amgine27 Champion Author New York Posts:1,252 Points:302,690 Joined:Aug 2008	Message Posted: Feb 16, 2012 12:02:16 AM Ignore amgine27 Report Abuse ok
skb69sa Champion Author San Antonio Posts:3,467 Points:707,375 Joined:Mar 2011	Message Posted: Feb 16, 2012 12:01:52 AM Ignore skb69sa Report Abuse Good news but early to conclude. I see prices going up.
kjSC Champion Author South Carolina Posts:3,377 Points:681,375 Joined:Apr 2011	Message Posted: Feb 15, 2012 11:59:43 PM Ignore kjSC Report Abuse Interesting.
SparkieMi Champion Author Kalamazoo Posts:3,244 Points:584,445 Joined:Sep 2011	Message Posted: Feb 15, 2012 11:56:27 PM Ignore SparkieMi Report Abuse The pump prices need to come down ....
DriverofRed Champion Author Calgary Posts:2,158 Points:408,860 Joined:Dec 2011	Message Posted: Feb 15, 2012 11:52:50 PM Ignore DriverofRed Report Abuse ok
neobigd Rookie Author Sacramento Posts:39 Points:91,270 Joined:Feb 2011	Message Posted: Feb 15, 2012 11:51:10 PM Ignore neobigd Report Abuse agreed DEG
DEG Champion Author Las Vegas Posts:17,605 Points:3,491,680 Joined:Jul 2003	Message Posted: Feb 15, 2012 11:48:51 PM Ignore DEG Report Abuse The useless weekly report.
DrCashFlow Champion Author Massachusetts Posts:7,054 Points:1,623,325 Joined:Jun 2008	Message Posted: Feb 15, 2012 11:43:41 PM Ignore DrCashFlow Report Abuse The more the better
RAKARWOWSKI Champion Author Chicago Posts:3,980 Points:817,125 Joined:Jan 2011	Message Posted: Feb 15, 2012 11:43:16 PM Ignore RAKARWOWSKI Report Abuse Not in Chicago.
SparkieMi Champion Author Kalamazoo Posts:3,244 Points:584,445 Joined:Sep 2011	Message Posted: Feb 15, 2012 11:42:08 PM Ignore SparkieMi Report Abuse Very good question Focus2...
AnotherOne Champion Author Twin Cities Posts:17,726 Points:520,075 Joined:Aug 2010	Message Posted: Feb 15, 2012 11:40:06 PM Ignore AnotherOne Report Abuse Well, I guess that theory doesn't hold up! The midwest is +0.8mb and yet our prices have gone up over 30 cents in the last couple weeks.
Prodaddy Champion Author Houston Posts:8,360 Points:1,891,185 Joined:May 2007	Message Posted: Feb 15, 2012 11:39:30 PM Ignore Prodaddy Report Abuse A discounted price would be like a $ 1.00 a gallon
Blue48 Champion Author Illinois Posts:7,290 Points:1,634,920 Joined:Feb 2007	Message Posted: Feb 15, 2012 11:33:42 PM Ignore Blue48 Report Abuse ZZZZZZZZZZZZZ
skyking19 Champion Author Little Rock Posts:1,995 Points:1,695,970 Joined:Jan 2007	Message Posted: Feb 15, 2012 11:32:56 PM Ignore skyking19 Report Abuse That's about right.
lezdar All-Star Author Los Angeles Posts:860 Points:575,045 Joined:Dec 2007	Message Posted: Feb 15, 2012 11:30:53 PM Ignore lezdar Report Abuse Wish I could get a discount.