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EIA: Crude inventories rise, imports rise a good chunk

GasBuddy Blog -- 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 3.8 million barrels to a total of 364.5 million barrels. At 364.5 million barrels, inventories are 7.5 million barrels above last year (2.1%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.5 million barrels to 201.2 million barrels. At 201.2 million barrels, inventories are down 7.4 million barrels, or 3.6% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.1mb); Midwest...

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Submitted Aug 29, 2012 By: PD

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honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Sep 3, 2012 11:08:31 PM Ignore honda0105 Report Abuse should drop prices, but, specutraitors keep them high...
indyjim Champion Author Indianapolis Posts:10,094 Points:2,319,430 Joined:Jul 2006	Message Posted: Sep 3, 2012 8:49:37 AM Ignore indyjim Report Abuse All pointing to lower prices............but, not so.
Donatelo Champion Author Dayton Posts:1,121 Points:292,685 Joined:Apr 2011	Message Posted: Sep 3, 2012 8:07:51 AM Ignore Donatelo Report Abuse rollercoaster
honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Sep 3, 2012 7:15:29 AM Ignore honda0105 Report Abuse same ol' same ol'...
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Aug 31, 2012 8:44:29 AM Ignore albert2008 Report Abuse good stuff
Donatelo Champion Author Dayton Posts:1,121 Points:292,685 Joined:Apr 2011	Message Posted: Aug 31, 2012 8:09:53 AM Ignore Donatelo Report Abuse they will always gouge us
sparky808 Champion Author Honolulu Posts:3,003 Points:598,710 Joined:Sep 2011	Message Posted: Aug 30, 2012 12:21:13 PM Ignore sparky808 Report Abuse Thank you for posting.
JCI46009IN Champion Author Indiana Posts:2,129 Points:439,570 Joined:Sep 2011	Message Posted: Aug 30, 2012 11:31:56 AM Ignore JCI46009IN Report Abuse old news
puinsai808 Champion Author Honolulu Posts:3,544 Points:727,305 Joined:May 2011	Message Posted: Aug 30, 2012 10:05:07 AM Ignore puinsai808 Report Abuse good
FuelBarge Champion Author Long Island Posts:9,205 Points:2,076,515 Joined:Aug 2005	Message Posted: Aug 30, 2012 8:49:12 AM Ignore FuelBarge Report Abuse None of this ever makes sense. Crude oil rises, gasoline falls and prices rise. Crude oil falls, gasoline rises and prices rise. There must be a secret formula I am not privy to.
toneOH All-Star Author Ohio Posts:551 Points:32,195 Joined:May 2011	Message Posted: Aug 30, 2012 8:41:28 AM Ignore toneOH Report Abuse just plain greed
milespergallon Champion Author Illinois Posts:9,749 Points:1,909,335 Joined:Feb 2007	Message Posted: Aug 30, 2012 8:20:03 AM Ignore milespergallon Report Abuse ok
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Aug 30, 2012 8:19:47 AM Ignore albert2008 Report Abuse good stuff
madison8359 Champion Author Cleveland Posts:9,028 Points:1,594,270 Joined:Apr 2008	Message Posted: Aug 30, 2012 8:14:31 AM Ignore madison8359 Report Abuse It would appear that we have lots of fuel.
Hop1LA Champion Author Baton Rouge Posts:3,319 Points:1,177,470 Joined:Apr 2008	Message Posted: Aug 30, 2012 8:14:30 AM Ignore Hop1LA Report Abuse Inventories don't matter, unless there's a "Shortage"
PTBpricer Champion Author Virginia Posts:1,509 Points:206,195 Joined:Jun 2012	Message Posted: Aug 30, 2012 7:52:09 AM Ignore PTBpricer Report Abuse How much of the inventory of the oil increase and gas decrease is in preparation for the changeover to winter gas?
bell05 Champion Author Atlanta Posts:9,256 Points:1,876,730 Joined:Jun 2005	Message Posted: Aug 30, 2012 7:45:02 AM Ignore bell05 Report Abuse Repeat
FunMyster All-Star Author Indiana Posts:907 Points:73,215 Joined:Jul 2011	Message Posted: Aug 30, 2012 7:35:14 AM Ignore FunMyster Report Abuse ok
85XJ Champion Author Toledo Posts:5,605 Points:1,281,660 Joined:Mar 2005	Message Posted: Aug 30, 2012 7:25:21 AM Ignore 85XJ Report Abuse Inventories are up because they are rebuilding their stockpiles after letting them fall.
treehood Champion Author San Diego Posts:2,044 Points:396,760 Joined:May 2011	Message Posted: Aug 30, 2012 7:22:51 AM Ignore treehood Report Abuse I do wish all the people complaining about the high would take action. It doesn't do any good to post here about the speculators and Pig-oil. Show them who is boss and immediately STOP BUYING HIGH PRICE GAS. Not a gallon or a dollars worth until it is below $2.00 Begin today and drive right by the stations, do not patronize any one that is reaping obscene profits. You will sleep better knowing you are doing something about high gas prices. Join the boycott and sign the pledge to stop buying gas until it is below $2.
Buck_on_Bass Champion Author Tennessee Posts:7,574 Points:1,456,060 Joined:Jul 2007	Message Posted: Aug 30, 2012 7:14:53 AM Ignore Buck_on_Bass Report Abuse With total oil stocks up, there is no need for the continued consideration of a release from the SPR by the administration.
OldMan322 Champion Author Illinois Posts:5,155 Points:1,595,490 Joined:Jul 2008	Message Posted: Aug 30, 2012 7:13:54 AM Ignore OldMan322 Report Abuse Beware some numbers lie
lkozark Champion Author Missouri Posts:5,140 Points:1,367,435 Joined:Jul 2007	Message Posted: Aug 30, 2012 7:07:31 AM Ignore lkozark Report Abuse Finally had to unload some of the offshore tankers they've been setting on to create a false shortage and allow prices to rise. Now, if they would get back to refining the oil prices should drop, but wait, that impacts their record profits.
cobbwebb Champion Author New Hampshire Posts:1,624 Points:545,520 Joined:Sep 2011	Message Posted: Aug 30, 2012 7:05:52 AM Ignore cobbwebb Report Abuse prices going up here in New England
Bubba44612 Champion Author Ohio Posts:7,396 Points:1,877,080 Joined:Aug 2005	Message Posted: Aug 30, 2012 7:05:41 AM Ignore Bubba44612 Report Abuse So about time for gas to drop like a rock.
Rancher23 Champion Author Cincinnati Posts:3,193 Points:659,345 Joined:May 2011	Message Posted: Aug 30, 2012 7:05:22 AM Ignore Rancher23 Report Abuse Perfect Storm for Oil bastards!! Came in on Labor Day Weekend so they can come up with another excuse to milk more money out of the american public, and Obama thinks he is doing a good job!!! Remove the problem and lets get things going again!!! One Term and Done!!! We can't take another 4 years of this!!!!
cee68 Veteran Author Arizona Posts:434 Points:509,285 Joined:Jan 2011	Message Posted: Aug 30, 2012 7:05:02 AM Ignore cee68 Report Abuse ok
DYSKYPILOT Champion Author Fort Worth Posts:2,902 Points:626,455 Joined:Mar 2006	Message Posted: Aug 30, 2012 7:04:16 AM Ignore DYSKYPILOT Report Abuse ok.
scu227 Champion Author New Haven Posts:4,152 Points:771,880 Joined:Feb 2011	Message Posted: Aug 30, 2012 7:03:48 AM Ignore scu227 Report Abuse Now bring down the prices at the pump !!!!
krzysiek_ck Champion Author Illinois Posts:5,327 Points:729,135 Joined:Apr 2011	Message Posted: Aug 30, 2012 7:03:36 AM Ignore krzysiek_ck Report Abuse Whatever
itzagasgasgas1 Champion Author Cincinnati Posts:3,974 Points:1,599,495 Joined:Aug 2005	Message Posted: Aug 30, 2012 7:03:07 AM Ignore itzagasgasgas1 Report Abuse same as last month
cbuck80 Champion Author Massachusetts Posts:1,597 Points:402,005 Joined:Jan 2012	Message Posted: Aug 30, 2012 7:02:58 AM Ignore cbuck80 Report Abuse Then the prices should drop?
74celica Champion Author Columbus Posts:1,435 Points:1,810,675 Joined:May 2006	Message Posted: Aug 30, 2012 7:02:38 AM Ignore 74celica Report Abuse inventories up and prices continue to rise,what's wrong with this picture
cateyes8264 Champion Author Tennessee Posts:2,957 Points:642,615 Joined:Jul 2011	Message Posted: Aug 30, 2012 7:02:26 AM Ignore cateyes8264 Report Abuse grease us up please
Ratso Champion Author Ohio Posts:18,800 Points:2,685,570 Joined:Sep 2003	Message Posted: Aug 30, 2012 7:02:11 AM Ignore Ratso Report Abuse And the prices rise up ! Hmmm...
maxcap59 Champion Author Texas Posts:2,769 Points:593,995 Joined:Apr 2011	Message Posted: Aug 30, 2012 7:01:48 AM Ignore maxcap59 Report Abuse Believe what you want, because they'll certainly tell you what they want...then DO whatever they want. Gas is up between 25 and 40 cents in N. Texas the past two weeks.
mazdaboy Champion Author Portland Posts:7,893 Points:2,099,230 Joined:Aug 2003	Message Posted: Aug 30, 2012 7:01:47 AM Ignore mazdaboy Report Abuse Labor Day is the day of truth.
belladog Champion Author Mobile Posts:2,587 Points:936,080 Joined:May 2007	Message Posted: Aug 30, 2012 7:01:31 AM Ignore belladog Report Abuse RERUN
grandmacbc Champion Author Buffalo Posts:6,540 Points:1,430,025 Joined:Oct 2008	Message Posted: Aug 30, 2012 7:00:50 AM Ignore grandmacbc Report Abuse how many days ago we read just the opposite? no wonder we are skeptical about the media and even government reports!!!
Tnerbeel Champion Author Houston Posts:8,829 Points:1,749,810 Joined:Mar 2007	Message Posted: Aug 30, 2012 7:00:31 AM Ignore Tnerbeel Report Abuse Completely useless information unless you are in the business
Banjoe Champion Author Winnipeg Posts:4,257 Points:615,240 Joined:Apr 2011	Message Posted: Aug 30, 2012 7:00:13 AM Ignore Banjoe Report Abuse Storage is up so that's got to reduce pump prices, right? Oh,man,that cracked me right up.
jpthunderbolt38 Rookie Author Utah Posts:50 Points:19,070 Joined:Jul 2011	Message Posted: Aug 30, 2012 6:59:45 AM Ignore jpthunderbolt38 Report Abuse pocket book still empty
PENNYPINCHR Champion Author Twin Cities Posts:5,349 Points:2,280,520 Joined:Jul 2001	Message Posted: Aug 30, 2012 6:59:03 AM Ignore PENNYPINCHR Report Abuse So prices should go down.
eswi Champion Author Madison Posts:2,550 Points:684,355 Joined:Mar 2009	Message Posted: Aug 30, 2012 6:58:56 AM Ignore eswi Report Abuse OK
ILVET Champion Author Illinois Posts:14,798 Points:2,926,570 Joined:Jan 2005	Message Posted: Aug 30, 2012 6:58:50 AM Ignore ILVET Report Abuse Believe what you want
fieldt Champion Author Lansing Posts:3,930 Points:730,250 Joined:Mar 2011	Message Posted: Aug 30, 2012 6:58:15 AM Ignore fieldt Report Abuse Wingryder92 +1
91Hilux Champion Author New Haven Posts:2,172 Points:682,670 Joined:Aug 2007	Message Posted: Aug 30, 2012 6:58:10 AM Ignore 91Hilux Report Abuse These figures are directly controlled by Big Oil and serve no purpose than to fuel Speculation.
Wildman14 Champion Author Virginia Posts:3,675 Points:834,905 Joined:Jul 2008	Message Posted: Aug 30, 2012 6:58:04 AM Ignore Wildman14 Report Abuse Great. And the current regime wants to release oil form the Strategic National Reserve. Wonder who profits from that?
Gassed01 Champion Author Toronto Posts:6,359 Points:1,803,015 Joined:Jan 2006	Message Posted: Aug 30, 2012 6:57:55 AM Ignore Gassed01 Report Abuse Up & down by minor amounts. What is the threshold of change that is significant?
I10Express Champion Author San Antonio Posts:8,673 Points:1,640,925 Joined:Nov 2008	Message Posted: Aug 30, 2012 6:57:51 AM Ignore I10Express Report Abuse US refineries are in the import / export business. I guess that's news.