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Author Topic: EIA: Crude inventories barely rose, gasoline and distillate inventories up Back to Topics
PD
Moderator
Message Posted: Feb 8, 2012 10:36:53 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 increased by 0.3 million barrels to a total of 339.2 million barrels. At 339.2 million barrels, inventories are 5.8 million barrels below last year (-1.7%) and are in the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 1.6 million barrels to 231.8 million barrels. At 231.8 million barrels, inventories are 9.1 million barrels, or 3.8% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (N/C); Midwest (+0...

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
gawxnative
All-Star Author Atlanta

Posts:510
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Message Posted: Feb 14, 2012 3:34:43 PM

And their point is....
nb52
Champion Author Grand Rapids

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Message Posted: Feb 9, 2012 6:14:07 AM

The energy Information Agency is a waste of money to the US taxpayers.
tomok
Champion Author Portland

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Message Posted: Feb 9, 2012 3:13:13 AM

Crude inventories barely rose, gasoline and distillate inventories up. Crude oil inventories increased, Gasoline inventories increased, Distillate inventories increased and Refinery utilization rose. Total oil stocks in the US are down. About the same as last week (Distillate decreased/Refinery fell).
STOP Big oil from 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!
truckguy115
Champion Author Orange County

Posts:1,663
Points:226,795
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Message Posted: Feb 9, 2012 1:10:14 AM

no matter how much gasoline inventories rise gas will still go up and even with demand down prices will still go up as they have since Obama took office.
Harry813
Champion Author Iowa

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Message Posted: Feb 9, 2012 1:09:56 AM

I wish the prices would go down!
TBONE3
Champion Author Pennsylvania

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Points:2,427,350
Joined:Mar 2005
Message Posted: Feb 9, 2012 1:09:40 AM

Something here does not add up. If gas inventories are UP, shouldn't the retail price go DOWN? Not happening here!!!!
TIGERPAW46
Champion Author Florida

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Points:2,150,705
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Message Posted: Feb 9, 2012 1:08:09 AM

It's pretty useless info any more since no one pays attention to that anyway when prices are determined.
hank1326
Champion Author Los Angeles

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Message Posted: Feb 9, 2012 1:05:43 AM

Meanwhile, pump prices are climbing here and we are getting raked.
no8c
Champion Author Ohio

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Message Posted: Feb 9, 2012 1:05:16 AM

Thanks for posting this article!
jkpsr
Champion Author New Jersey

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Message Posted: Feb 9, 2012 1:04:57 AM

There is still hope.
Prodaddy
Champion Author Houston

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Message Posted: Feb 9, 2012 1:04:02 AM

Nothing really suprising here
Ron77095
Champion Author Houston

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Message Posted: Feb 9, 2012 1:02:58 AM

ok.
nomad228
Champion Author Columbus

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Message Posted: Feb 9, 2012 1:01:21 AM

i don't even know what to say to this one.it's like our gov'ment wants to stall america out.
tampacrvdriver
Champion Author Tampa

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Message Posted: Feb 9, 2012 12:57:43 AM

Shocking.
Rooster922
Champion Author Wilmington

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Message Posted: Feb 9, 2012 12:54:29 AM

Another boring topic, nothing to say. How about start reserving your dozen of roses now, the price is going to the roof. Gasoline will look like very cheap.
LostToo
Champion Author Illinois

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Message Posted: Feb 9, 2012 12:54:25 AM

It rose here too.... But now its on a slow roll back down. Always up like a rocket and down like a feather.
Rageagainsttm
Champion Author Tampa

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Message Posted: Feb 9, 2012 12:52:35 AM

yes
REVLAW
Champion Author San Antonio

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Message Posted: Feb 9, 2012 12:51:21 AM

Useless report.
pgerassi
Champion Author Milwaukee

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Message Posted: Feb 9, 2012 12:49:40 AM

Same Story, Different Week (SSDW)!
notnxs383
Champion Author Missouri

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Message Posted: Feb 9, 2012 12:49:06 AM

crude crap
MidNJ
Champion Author New Jersey

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Message Posted: Feb 9, 2012 12:47:07 AM

"Crude inventories barely rose, gasoline and distillate inventories up"???

=================

Crude barely rose, gas inventories up?

And the prediction is higher pump prices in the coming months???

To me this is "illogical" but, then again I am not a speculator who "earns" money by betting that prices will go up, and up and up.

??????????????????

And yes, the speculators must never allow any kind of renewable energy to compete! --

Thus we must continue the mantra, Drill baby Drill, Drill, baby Drill . . .
Boby
Champion Author San Francisco

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Message Posted: Feb 9, 2012 12:45:45 AM

How crude!
Buddy2264
Champion Author Tampa

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Message Posted: Feb 9, 2012 12:35:12 AM

They are not going to raise inventory in the US when they can ship it elsewhere for a higher profit. If inventory rises we will demand lower prices.
TommyTraveler
Champion Author Cincinnati

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Message Posted: Feb 9, 2012 12:34:34 AM

Gas is rising here.
HelenT
Champion Author Buffalo

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Message Posted: Feb 9, 2012 12:34:25 AM

....
Double_Golden
Champion Author San Francisco

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Message Posted: Feb 9, 2012 12:34:01 AM

gas price just rise to 3.71/gallon here
umitb
Champion Author Indianapolis

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Message Posted: Feb 9, 2012 12:33:49 AM

ok
unicornpmb
Champion Author Buffalo

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Message Posted: Feb 9, 2012 12:31:32 AM

Here we go with the EIA again.
greenfog
Champion Author Illinois

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Message Posted: Feb 9, 2012 12:30:35 AM

are they surprised after jacking the price of gas?
Zonk
Champion Author Michigan

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Message Posted: Feb 9, 2012 12:29:11 AM

Inventories can move up or down and have little impact on pump prices.
A2J
Champion Author Richmond

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Message Posted: Feb 9, 2012 12:26:17 AM

Is this department called EIA ???
bra0712
Champion Author Arizona

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Message Posted: Feb 9, 2012 12:25:39 AM

K
Bezalel
Champion Author Oklahoma City

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Message Posted: Feb 9, 2012 12:25:32 AM

No drop at the pump here
52MPG
Champion Author Dayton

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Message Posted: Feb 9, 2012 12:24:22 AM

So what is driving up gas prices?
Bubba44612
Champion Author Ohio

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Message Posted: Feb 9, 2012 12:23:20 AM

Get ready for your springtime screwing. It's coming, just ask any speculator.
heartbroken2010
Champion Author Ottawa

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Message Posted: Feb 9, 2012 12:21:59 AM

numbers are just numbers.
bobt2382
Champion Author Texas

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Message Posted: Feb 9, 2012 12:21:39 AM

More profits.
tedjm1
Champion Author New York

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Message Posted: Feb 9, 2012 12:20:04 AM

But prices still rise. More profits.
southrob
Champion Author Tucson

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Message Posted: Feb 9, 2012 12:17:05 AM

dhan
jtfftj
Champion Author New Hampshire

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Message Posted: Feb 9, 2012 12:16:48 AM

Somebody really needs this information to really screw the American consumer. The American consumer just doesn't know who that is.
DrLyon
Champion Author Michigan

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Message Posted: Feb 9, 2012 12:16:16 AM

Pump prices know how to rise...
Colts13
Champion Author Indiana

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Message Posted: Feb 9, 2012 12:15:09 AM

ok
Focus2
Champion Author Illinois

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Message Posted: Feb 9, 2012 12:14:38 AM

We are now paying the highest price ever for gasoline in winter made from cheaper blends.
Blue_Cruzer
Champion Author Lexington

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Message Posted: Feb 9, 2012 12:13:33 AM

Pump prices around here are like a roller coaster ride.
kzza100
Champion Author New Jersey

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Message Posted: Feb 9, 2012 12:12:48 AM

ok
chuckwthompson
Champion Author Charlotte

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Message Posted: Feb 9, 2012 12:10:35 AM

So they can charge more money now?
jem069
Champion Author Detroit

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Message Posted: Feb 9, 2012 12:08:22 AM

ok
rxman1
Champion Author Toledo

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Message Posted: Feb 9, 2012 12:07:36 AM

It looks like the refiners have reduced the supply to the demand. (lower supplies this year than last)
CarolinaBlue150
Champion Author North Carolina

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Message Posted: Feb 9, 2012 12:03:30 AM

Okay.
Petrothirst
Champion Author Los Angeles

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Message Posted: Feb 9, 2012 12:03:27 AM

Gas prices are still rising because oil producers want it to rist. I refer to it as greed. Prices here have gone up 14¢/gal in one week.
joel27nc
Champion Author Raleigh

Posts:13,943
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Message Posted: Feb 9, 2012 12:03:22 AM

Inventories up & gas prices rising....what happened to supply & demand law?
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