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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 ...

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

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Message Posted: Feb 19, 2012 9:50:32 AM

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

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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.
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honda0105
Champion Author Tallahassee

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Message Posted: Feb 18, 2012 10:51:09 AM

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

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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.
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tomok
Champion Author Portland

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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!
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runinoutagas
Champion Author San Bernardino

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Message Posted: Feb 16, 2012 2:19:58 AM

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

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Message Posted: Feb 16, 2012 12:52:20 AM

No drops here.
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idigau22
Champion Author Washington

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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!!
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LoneGuy
Champion Author Lansing

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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.
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Matt G
Champion Author Boston

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Message Posted: Feb 16, 2012 12:20:32 AM

Not here
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leraar2
Champion Author Massachusetts

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Message Posted: Feb 16, 2012 12:19:24 AM

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

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Message Posted: Feb 16, 2012 12:17:23 AM

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

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Message Posted: Feb 16, 2012 12:17:19 AM

ok
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Zonk
Champion Author Michigan

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Message Posted: Feb 16, 2012 12:17:10 AM

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

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Message Posted: Feb 16, 2012 12:16:45 AM

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

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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
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cheapertvs
Champion Author Richmond

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Message Posted: Feb 16, 2012 12:16:01 AM

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

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Message Posted: Feb 16, 2012 12:15:54 AM

Good news.
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HKL
All-Star Author Wilmington

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Message Posted: Feb 16, 2012 12:14:55 AM

ok
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heartbroken2010
Champion Author Ottawa

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Message Posted: Feb 16, 2012 12:13:51 AM

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

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Message Posted: Feb 16, 2012 12:13:12 AM

yep
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joel27nc
Champion Author Raleigh

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Message Posted: Feb 16, 2012 12:12:58 AM

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

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Message Posted: Feb 16, 2012 12:12:40 AM

Temporary.
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tedjm1
Champion Author New York

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Message Posted: Feb 16, 2012 12:12:36 AM

Prices going up in NY
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pastorpaulcg
Champion Author Virginia

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Message Posted: Feb 16, 2012 12:12:03 AM

No discounts around here
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billk44077
Champion Author Cleveland

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Message Posted: Feb 16, 2012 12:11:43 AM

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

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Message Posted: Feb 16, 2012 12:10:47 AM

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

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Message Posted: Feb 16, 2012 12:10:31 AM

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

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Message Posted: Feb 16, 2012 12:09:23 AM

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

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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.
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pgerassi
Champion Author Milwaukee

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Message Posted: Feb 16, 2012 12:06:37 AM

OK.
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passin_gas2011
All-Star Author Ohio

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Message Posted: Feb 16, 2012 12:05:54 AM

lower the prices already!
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regout
Champion Author Quebec

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Message Posted: Feb 16, 2012 12:05:53 AM

Anything.
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zaq001
Champion Author Atlanta

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Message Posted: Feb 16, 2012 12:04:46 AM

Ok
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LegoVasavouchi
Champion Author Oklahoma

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Message Posted: Feb 16, 2012 12:03:10 AM

Fascinating.
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amgine27
Champion Author New York

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Message Posted: Feb 16, 2012 12:02:16 AM

ok
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skb69sa
Champion Author San Antonio

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Message Posted: Feb 16, 2012 12:01:52 AM

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

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Message Posted: Feb 15, 2012 11:59:43 PM

Interesting.
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Feb 15, 2012 11:56:27 PM

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

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Message Posted: Feb 15, 2012 11:52:50 PM

ok
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neobigd
Rookie Author Sacramento

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Message Posted: Feb 15, 2012 11:51:10 PM

agreed DEG
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DEG
Champion Author Las Vegas

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Message Posted: Feb 15, 2012 11:48:51 PM

The useless weekly report.
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Feb 15, 2012 11:43:41 PM

The more the better
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RAKARWOWSKI
Champion Author Chicago

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Message Posted: Feb 15, 2012 11:43:16 PM

Not in Chicago.
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Feb 15, 2012 11:42:08 PM

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

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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.
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Prodaddy
Champion Author Houston

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Message Posted: Feb 15, 2012 11:39:30 PM

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

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Message Posted: Feb 15, 2012 11:33:42 PM

ZZZZZZZZZZZZZ
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skyking19
Champion Author Little Rock

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Message Posted: Feb 15, 2012 11:32:56 PM

That's about right.
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lezdar
Champion Author Los Angeles

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Message Posted: Feb 15, 2012 11:30:53 PM

Wish I could get a discount.
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goodbuy
Champion Author Michigan

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Message Posted: Feb 15, 2012 11:30:18 PM

With the recession, we cannot afford it. I like to eat more.
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