Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:02 PM

GasBuddy News Article

31
votes
EIA: Rise in gasoline inventories offset decrease in crude inventories

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 decreased by 4.7 million barrels to a total of 378.2 million barrels. At 378.2 million barrels, inventories are 22.7 million barrels above last year (6.4%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 2.8 million barrels to 207.7 million barrels. At 207.7 million barrels, inventories are down 4.0 million barrels, or 1.9% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.1mb); Midwest...

Read the Full Article

Submitted Jul 11, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Rise in gasoline inventories offset decrease in crude inventories Post a Reply Back to Topics
REPLIES (newest first)
First
1234
Next Last
Profile Pic
albert2008
Champion Author Winnipeg

Posts:7,347
Points:1,480,035
Joined:Sep 2008
Message Posted: Jul 17, 2012 7:40:59 AM
 Ignore albert2008 Report Abuse

thats good
Profile Pic
honda0105
Champion Author Tallahassee

Posts:18,609
Points:1,608,545
Joined:Nov 2008
Message Posted: Jul 17, 2012 4:56:38 AM
 Ignore honda0105 Report Abuse

Lily: it's no longer as close to the surface.
Profile Pic
Lilly02
Champion Author Rockford

Posts:1,658
Points:523,865
Joined:Oct 2011
Message Posted: Jul 16, 2012 1:57:01 PM
 Ignore Lilly02 Report Abuse

I don't understand. Oil still comes out of the ground the same as 50 years ago. Why dose it cost so much today.
Profile Pic
albert2008
Champion Author Winnipeg

Posts:7,347
Points:1,480,035
Joined:Sep 2008
Message Posted: Jul 16, 2012 8:13:47 AM
 Ignore albert2008 Report Abuse

thats nice
Profile Pic
stonecold5005
All-Star Author Waco

Posts:817
Points:20,240
Joined:Mar 2012
Message Posted: Jul 16, 2012 7:39:18 AM
 Ignore stonecold5005 Report Abuse

good
Profile Pic
honda0105
Champion Author Tallahassee

Posts:18,609
Points:1,608,545
Joined:Nov 2008
Message Posted: Jul 16, 2012 4:41:01 AM
 Ignore honda0105 Report Abuse

indeed albert. It always does, desn't it?
Profile Pic
albert2008
Champion Author Winnipeg

Posts:7,347
Points:1,480,035
Joined:Sep 2008
Message Posted: Jul 15, 2012 7:43:24 AM
 Ignore albert2008 Report Abuse

time will tell all
Profile Pic
honda0105
Champion Author Tallahassee

Posts:18,609
Points:1,608,545
Joined:Nov 2008
Message Posted: Jul 15, 2012 6:55:17 AM
 Ignore honda0105 Report Abuse

which means prices SHOULD be falling... but they're not. The usual summer game played by Pig Oil.
Profile Pic
Soglaos
Champion Author Virginia Beach

Posts:2,770
Points:736,485
Joined:Feb 2011
Message Posted: Jul 13, 2012 11:31:55 AM
 Ignore Soglaos Report Abuse

repeat
Profile Pic
CapriceWagon
All-Star Author Washington

Posts:934
Points:478,095
Joined:Feb 2008
Message Posted: Jul 12, 2012 1:55:51 PM
 Ignore CapriceWagon Report Abuse

And all this means? Something changed, better jack the prices
Profile Pic
SUV2009
Champion Author Orlando

Posts:4,408
Points:1,141,365
Joined:Oct 2009
Message Posted: Jul 12, 2012 1:02:11 PM
 Ignore SUV2009 Report Abuse

Good info.
Profile Pic
sparky808
Champion Author Honolulu

Posts:2,993
Points:597,510
Joined:Sep 2011
Message Posted: Jul 12, 2012 12:18:14 PM
 Ignore sparky808 Report Abuse

Thank you for posting.
Profile Pic
bart_reed
Champion Author Los Angeles

Posts:3,969
Points:784,655
Joined:Mar 2011
Message Posted: Jul 12, 2012 10:12:31 AM
 Ignore bart_reed Report Abuse

This doesn't make a difference at the pump.
Profile Pic
cricket48750
All-Star Author Michigan

Posts:792
Points:411,630
Joined:May 2011
Message Posted: Jul 12, 2012 9:27:23 AM
 Ignore cricket48750 Report Abuse

Inventories up, prices up - the system does not work!
Profile Pic
techque
Champion Author St. Louis

Posts:8,650
Points:2,418,655
Joined:Apr 2005
Message Posted: Jul 12, 2012 9:01:32 AM
 Ignore techque Report Abuse

so why have petroterrorist retail gougers around here jacked prices 26 cents/gallon in the lat 10 days ??
Profile Pic
firedudette
Champion Author St. Louis

Posts:11,897
Points:2,115,575
Joined:Jul 2005
Message Posted: Jul 12, 2012 9:01:07 AM
 Ignore firedudette Report Abuse

ok
Profile Pic
teamsimons
Champion Author South Carolina

Posts:2,468
Points:500,695
Joined:Aug 2011
Message Posted: Jul 12, 2012 8:59:57 AM
 Ignore teamsimons Report Abuse

We commented on this yesterday...
Profile Pic
ss70
Champion Author Detroit

Posts:9,653
Points:1,869,125
Joined:Sep 2005
Message Posted: Jul 12, 2012 8:59:53 AM
 Ignore ss70 Report Abuse

For the economy we have Gas should be below 2.50 for sure but traders make money whatever is the situation
Profile Pic
lonewolfhead
Champion Author Texas

Posts:1,646
Points:561,015
Joined:Aug 2011
Message Posted: Jul 12, 2012 8:59:46 AM
 Ignore lonewolfhead Report Abuse

It is up need to go down tell Obama to tell speculators
Profile Pic
Liberty2000
Champion Author Indianapolis

Posts:1,739
Points:280,520
Joined:Jun 2007
Message Posted: Jul 12, 2012 8:59:35 AM
 Ignore Liberty2000 Report Abuse

Uh huh!
Profile Pic
SpankyMI
Champion Author Kalamazoo

Posts:2,703
Points:758,305
Joined:Jan 2011
Message Posted: Jul 12, 2012 8:59:34 AM
 Ignore SpankyMI Report Abuse

Up and down, watch the bouncing oil barrel.
Profile Pic
LostAgain2009
Champion Author New Mexico

Posts:2,394
Points:710,730
Joined:Apr 2009
Message Posted: Jul 12, 2012 8:59:01 AM
 Ignore LostAgain2009 Report Abuse

And still pump prices are increasing.
Profile Pic
Susieq60
All-Star Author Columbus

Posts:969
Points:128,915
Joined:Sep 2011
Message Posted: Jul 12, 2012 8:57:48 AM
 Ignore Susieq60 Report Abuse

and, of course, our gasoline prices will rise
Profile Pic
Heltonw
Champion Author Montana

Posts:3,304
Points:1,658,390
Joined:Dec 2007
Message Posted: Jul 12, 2012 8:56:22 AM
 Ignore Heltonw Report Abuse

Drill here and refine here.
Profile Pic
mberg
Champion Author Houston

Posts:3,802
Points:959,405
Joined:Aug 2010
Message Posted: Jul 12, 2012 8:55:57 AM
 Ignore mberg Report Abuse

Read this yesterday.
Profile Pic
LoadToad
Champion Author San Diego

Posts:1,364
Points:1,298,045
Joined:Sep 2005
Message Posted: Jul 12, 2012 8:55:31 AM
 Ignore LoadToad Report Abuse

Sell at home instead of exporting.
Profile Pic
silverfoxv65
Champion Author Michigan

Posts:4,475
Points:1,228,925
Joined:Sep 2009
Message Posted: Jul 12, 2012 8:54:58 AM
 Ignore silverfoxv65 Report Abuse

People just keep on making less and less money!

They just can not pay these prices.
Profile Pic
PettyEddie2012
Champion Author New York City

Posts:1,739
Points:348,390
Joined:May 2012
Message Posted: Jul 12, 2012 8:54:15 AM
 Ignore PettyEddie2012 Report Abuse

Gasoline inventory in my cars' gas tanks rose this week.

Point?

Equally USELESS information!
Profile Pic
diegotoad
Champion Author Maryland

Posts:3,407
Points:815,425
Joined:Jul 2009
Message Posted: Jul 12, 2012 8:54:10 AM
 Ignore diegotoad Report Abuse

Still will result in higher gas prices.
Profile Pic
paulp24
Champion Author Harrisburg

Posts:4,532
Points:821,350
Joined:Dec 2010
Message Posted: Jul 12, 2012 8:54:04 AM
 Ignore paulp24 Report Abuse

ok
Profile Pic
dopster
Champion Author Toledo

Posts:7,269
Points:2,291,275
Joined:Aug 2004
Message Posted: Jul 12, 2012 8:53:57 AM
 Ignore dopster Report Abuse

Just keep decreasing the price at the pump!
Profile Pic
ciimike
Champion Author Nevada

Posts:4,638
Points:1,062,060
Joined:Aug 2005
Message Posted: Jul 12, 2012 8:53:29 AM
 Ignore ciimike Report Abuse

Thanks for the info.
Profile Pic
momof5MN
Champion Author Twin Cities

Posts:4,049
Points:214,035
Joined:Feb 2011
Message Posted: Jul 12, 2012 8:52:57 AM
 Ignore momof5MN Report Abuse

Yesterday's news.
Profile Pic
photobuddy
Champion Author Washington

Posts:1,620
Points:370,255
Joined:Feb 2012
Message Posted: Jul 12, 2012 8:52:40 AM
 Ignore photobuddy Report Abuse

Crude oil inventories are down but this is countered by the fact that refined inventories are up. My guess is this is no reason for prices to increase as the companies still have more then before.
Profile Pic
Tutootin
Champion Author Toronto

Posts:10,111
Points:3,075,480
Joined:Jun 2004
Message Posted: Jul 12, 2012 8:52:13 AM
 Ignore Tutootin Report Abuse

Yesterday's article...AGAIN!!!!!
Profile Pic
k2kipp
Champion Author Minnesota

Posts:3,161
Points:1,126,210
Joined:Sep 2005
Message Posted: Jul 12, 2012 8:52:12 AM
 Ignore k2kipp Report Abuse

Nothing but legal fraud!
Profile Pic
olebufnav
Champion Author Omaha

Posts:3,971
Points:1,022,255
Joined:Nov 2008
Message Posted: Jul 12, 2012 8:50:52 AM
 Ignore olebufnav Report Abuse

What a mess.
Profile Pic
Daddy16
Veteran Author Fort Wayne

Posts:318
Points:94,450
Joined:May 2011
Message Posted: Jul 12, 2012 8:50:39 AM
 Ignore Daddy16 Report Abuse

so....
Profile Pic
doncNJ
Champion Author New Jersey

Posts:7,516
Points:1,504,120
Joined:Oct 2008
Message Posted: Jul 12, 2012 8:47:02 AM
 Ignore doncNJ Report Abuse

Gas inventory is up but so are the pump prices.
Profile Pic
Sam195
Champion Author San Bernardino

Posts:8,085
Points:1,574,100
Joined:Oct 2008
Message Posted: Jul 12, 2012 8:46:07 AM
 Ignore Sam195 Report Abuse

Sounds like it all evens out.
Profile Pic
PaylessKY
Champion Author Kentucky

Posts:8,715
Points:1,580,475
Joined:Oct 2008
Message Posted: Jul 12, 2012 8:45:51 AM
 Ignore PaylessKY Report Abuse

It takes crude oil to make gasoline, so if its not replenished, it would reduce it.
Profile Pic
mikerroy
Champion Author Albuquerque

Posts:2,561
Points:719,945
Joined:May 2005
Message Posted: Jul 12, 2012 8:45:22 AM
 Ignore mikerroy Report Abuse

Ok
Profile Pic
sit
Champion Author Cleveland

Posts:5,195
Points:1,930,995
Joined:Feb 2006
Message Posted: Jul 12, 2012 8:44:20 AM
 Ignore sit Report Abuse

OK
Profile Pic
slgas
Champion Author Houston

Posts:6,025
Points:1,561,565
Joined:Oct 2008
Message Posted: Jul 12, 2012 8:43:54 AM
 Ignore slgas Report Abuse

And the long term trend that should really concern us is....?
Profile Pic
truckpdlr
Champion Author Tucson

Posts:2,946
Points:1,095,160
Joined:Sep 2009
Message Posted: Jul 12, 2012 8:43:19 AM
 Ignore truckpdlr Report Abuse

We are all saving more fuel
Profile Pic
DABEE1073
Champion Author San Diego

Posts:8,195
Points:1,571,135
Joined:Jun 2008
Message Posted: Jul 12, 2012 8:43:06 AM
 Ignore DABEE1073 Report Abuse

SO PUMP MORE CRUDE!!
Profile Pic
caddilac
Champion Author Ontario

Posts:16,593
Points:2,138,505
Joined:Apr 2007
Message Posted: Jul 12, 2012 8:43:05 AM
 Ignore caddilac Report Abuse


Up down, up down.........
Profile Pic
BANKIS2
Champion Author Phoenix

Posts:4,261
Points:913,580
Joined:Aug 2010
Message Posted: Jul 12, 2012 8:42:29 AM
 Ignore BANKIS2 Report Abuse

Hm
Profile Pic
nskmda
Champion Author Grand Rapids

Posts:1,280
Points:787,080
Joined:May 2007
Message Posted: Jul 12, 2012 8:41:42 AM
 Ignore nskmda Report Abuse

offset? really?
the price of gas only going up and up...
Profile Pic
matt431
Rookie Author Phoenix

Posts:25
Points:12,480
Joined:Jul 2009
Message Posted: Jul 12, 2012 8:40:51 AM
 Ignore matt431 Report Abuse

it use to be,if you conserved you would be rewarded,now you get punished
Post a reply Back to Topics
First
1234
Next Last
"Consumers working together to save on gas"