Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:40 PM

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Gasoline inventories swell in Great Lakes, lead to discounts Back to Topics
PD

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

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
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,418
Points:1,939,065
Joined:Nov 2008
Message Posted: Feb 19, 2012 9:50:32 AM

hey martinman, does that mean St. Louis is getting lower prices? :D
Profile Pic
RapMassaG
Champion Author Cincinnati

Posts:3,042
Points:1,286,520
Joined:Oct 2008
Message Posted: Feb 18, 2012 10:54:30 AM

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.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,418
Points:1,939,065
Joined:Nov 2008
Message Posted: Feb 18, 2012 10:51:09 AM

if distillates decreased, how come gasoline increased? Last I checked, gasoline was a distillate too...
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:12,697
Points:2,098,325
Joined:Apr 2008
Message Posted: Feb 17, 2012 11:20:48 PM

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.
Profile Pic
tomok
Champion Author Portland

Posts:39,874
Points:2,674,710
Joined:Aug 2006
Message Posted: Feb 16, 2012 3:11:11 AM

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!
Profile Pic
runinoutagas
Champion Author San Bernardino

Posts:12,587
Points:1,948,500
Joined:Oct 2008
Message Posted: Feb 16, 2012 2:19:58 AM

purchasing power inventories dwindling in this neck of the woods
Profile Pic
Bezalel
Champion Author Oklahoma City

Posts:13,751
Points:2,617,975
Joined:Oct 2006
Message Posted: Feb 16, 2012 12:52:20 AM

No drops here.
Profile Pic
idigau22
Champion Author Washington

Posts:25,681
Points:3,514,495
Joined:Apr 2003
Message Posted: Feb 16, 2012 12:31:14 AM

We have been paying inflated fuel prices for over 3 years now! No relief in sight!!
Profile Pic
LoneGuy
Champion Author Lansing

Posts:9,988
Points:2,621,960
Joined:Aug 2005
Message Posted: Feb 16, 2012 12:24:11 AM

Prices are still down in mid Michigan. This surplus of inventories might be due to the slack economy.
Profile Pic
Matt G
Champion Author Boston

Posts:6,182
Points:3,101,600
Joined:Jun 2004
Message Posted: Feb 16, 2012 12:20:32 AM

Not here
Profile Pic
leraar2
Champion Author Massachusetts

Posts:5,389
Points:1,111,595
Joined:Mar 2011
Message Posted: Feb 16, 2012 12:19:24 AM

way to go: cheaper DOMESTIC prices.
Profile Pic
tampacrvdriver
Champion Author Tampa

Posts:4,258
Points:1,003,975
Joined:May 2011
Message Posted: Feb 16, 2012 12:17:23 AM

That's a good thing for those people.
Profile Pic
umitb
Champion Author Indianapolis

Posts:5,049
Points:1,106,425
Joined:Apr 2010
Message Posted: Feb 16, 2012 12:17:19 AM

ok
Profile Pic
Zonk
Champion Author Michigan

Posts:8,101
Points:2,424,365
Joined:Oct 2005
Message Posted: Feb 16, 2012 12:17:10 AM

In the Midwest, as inventories are consumed, the price of gas will also increase.
Profile Pic
must87searcher
Champion Author Maryland

Posts:10,604
Points:2,108,775
Joined:Apr 2008
Message Posted: Feb 16, 2012 12:16:45 AM

There is very little sign of falling prices here.
Profile Pic
boatmen
Champion Author New York

Posts:4,348
Points:880,865
Joined:Jan 2011
Message Posted: Feb 16, 2012 12:16:40 AM

Greedy biches will say all distribution lines are down we can not ship that's why we must raise prices
Profile Pic
cheapertvs
Champion Author Richmond

Posts:11,991
Points:3,070,920
Joined:Jan 2004
Message Posted: Feb 16, 2012 12:16:01 AM

We could use some discounts down here in Virginia!!!
Profile Pic
Geo4564
Champion Author Nevada

Posts:10,095
Points:1,898,045
Joined:Aug 2007
Message Posted: Feb 16, 2012 12:15:54 AM

Good news.
Profile Pic
HKL
All-Star Author Wilmington

Posts:639
Points:359,430
Joined:Oct 2010
Message Posted: Feb 16, 2012 12:14:55 AM

ok
Profile Pic
heartbroken2010
Champion Author Ottawa

Posts:5,985
Points:1,226,055
Joined:Aug 2010
Message Posted: Feb 16, 2012 12:13:51 AM

i dont see any " discounts" here , just paid $122.1 per litre 10 minutes ago .
Profile Pic
steve621
Champion Author Wilmington

Posts:3,554
Points:2,423,065
Joined:Aug 2004
Message Posted: Feb 16, 2012 12:13:12 AM

yep
Profile Pic
joel27nc
Champion Author Raleigh

Posts:12,197
Points:2,187,570
Joined:Mar 2008
Message Posted: Feb 16, 2012 12:12:58 AM

It looks like gas prices are going up.
Profile Pic
bobt2382
Champion Author Texas

Posts:4,517
Points:1,122,525
Joined:Apr 2010
Message Posted: Feb 16, 2012 12:12:40 AM

Temporary.
Profile Pic
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Feb 16, 2012 12:12:36 AM

Prices going up in NY
Profile Pic
pastorpaulcg
Champion Author Virginia

Posts:3,615
Points:776,235
Joined:Dec 2010
Message Posted: Feb 16, 2012 12:12:03 AM

No discounts around here
Profile Pic
billk44077
Champion Author Cleveland

Posts:4,514
Points:933,930
Joined:Aug 2011
Message Posted: Feb 16, 2012 12:11:43 AM

And the price at the pump is still high.
Profile Pic
swede
Champion Author Cleveland

Posts:5,089
Points:1,982,625
Joined:Feb 2003
Message Posted: Feb 16, 2012 12:10:47 AM

That is great for the north central part of the United States.
Profile Pic
Blue_Cruzer
Champion Author Lexington

Posts:8,894
Points:1,942,465
Joined:Mar 2007
Message Posted: Feb 16, 2012 12:10:31 AM

What a crock, prices are still high.
Profile Pic
mpg611
Champion Author Cleveland

Posts:3,993
Points:898,195
Joined:Apr 2011
Message Posted: Feb 16, 2012 12:09:23 AM

What discounts? Theyre not here in NE Ohio.
Profile Pic
catspaw
Champion Author Toronto

Posts:29,930
Points:3,149,755
Joined:Apr 2004
Message Posted: Feb 16, 2012 12:06:40 AM

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.
Profile Pic
pgerassi
Champion Author Milwaukee

Posts:12,556
Points:2,460,235
Joined:Apr 2007
Message Posted: Feb 16, 2012 12:06:37 AM

OK.
Profile Pic
passin_gas2011
All-Star Author Ohio

Posts:806
Points:185,015
Joined:Sep 2011
Message Posted: Feb 16, 2012 12:05:54 AM

lower the prices already!
Profile Pic
regout
Champion Author Quebec

Posts:4,570
Points:1,155,080
Joined:May 2010
Message Posted: Feb 16, 2012 12:05:53 AM

Anything.
Profile Pic
zaq001
Champion Author Atlanta

Posts:5,639
Points:1,802,255
Joined:Oct 2008
Message Posted: Feb 16, 2012 12:04:46 AM

Ok
Profile Pic
LegoVasavouchi
Champion Author Oklahoma

Posts:1,659
Points:114,390
Joined:Apr 2011
Message Posted: Feb 16, 2012 12:03:10 AM

Fascinating.
Profile Pic
amgine27
Champion Author New York

Posts:1,758
Points:434,940
Joined:Aug 2008
Message Posted: Feb 16, 2012 12:02:16 AM

ok
Profile Pic
skb69sa
Champion Author San Antonio

Posts:4,984
Points:1,015,950
Joined:Mar 2011
Message Posted: Feb 16, 2012 12:01:52 AM

Good news but early to conclude. I see prices going up.
Profile Pic
kjSC
Champion Author South Carolina

Posts:3,377
Points:681,375
Joined:Apr 2011
Message Posted: Feb 15, 2012 11:59:43 PM

Interesting.
Profile Pic
SparkieMi
Champion Author Kalamazoo

Posts:4,850
Points:905,285
Joined:Sep 2011
Message Posted: Feb 15, 2012 11:56:27 PM

The pump prices need to come down ....
Profile Pic
DriverofRed
Champion Author Calgary

Posts:3,632
Points:667,115
Joined:Dec 2011
Message Posted: Feb 15, 2012 11:52:50 PM

ok
Profile Pic
neobigd
Rookie Author Sacramento

Posts:39
Points:91,270
Joined:Feb 2011
Message Posted: Feb 15, 2012 11:51:10 PM

agreed DEG
Profile Pic
DEG
Champion Author Las Vegas

Posts:19,208
Points:3,811,480
Joined:Jul 2003
Message Posted: Feb 15, 2012 11:48:51 PM

The useless weekly report.
Profile Pic
DrCashFlow
Champion Author Massachusetts

Posts:8,662
Points:1,950,275
Joined:Jun 2008
Message Posted: Feb 15, 2012 11:43:41 PM

The more the better
Profile Pic
RAKARWOWSKI
Champion Author Chicago

Posts:5,636
Points:1,148,850
Joined:Jan 2011
Message Posted: Feb 15, 2012 11:43:16 PM

Not in Chicago.
Profile Pic
SparkieMi
Champion Author Kalamazoo

Posts:4,850
Points:905,285
Joined:Sep 2011
Message Posted: Feb 15, 2012 11:42:08 PM

Very good question Focus2...
Profile Pic
AnotherOne
Champion Author Twin Cities

Posts:21,550
Points:545,270
Joined:Aug 2010
Message Posted: Feb 15, 2012 11:40:06 PM

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.
Profile Pic
Prodaddy
Champion Author Houston

Posts:9,991
Points:2,218,215
Joined:May 2007
Message Posted: Feb 15, 2012 11:39:30 PM

A discounted price would be like a $ 1.00 a gallon
Profile Pic
Blue48
Champion Author Illinois

Posts:8,956
Points:1,966,695
Joined:Feb 2007
Message Posted: Feb 15, 2012 11:33:42 PM

ZZZZZZZZZZZZZ
Profile Pic
skyking19
Champion Author Little Rock

Posts:2,721
Points:1,976,220
Joined:Jan 2007
Message Posted: Feb 15, 2012 11:32:56 PM

That's about right.
Profile Pic
lezdar
Champion Author Los Angeles

Posts:1,013
Points:674,080
Joined:Dec 2007
Message Posted: Feb 15, 2012 11:30:53 PM

Wish I could get a discount.
Post a reply Back to Topics