GasBuddy Blog

GasBuddy News Article

votes

EIA: Crude, gasoline inventories rise, distillates fall as heating season approaches

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 2.9 million barrels to a total of 369.2 million barrels. At 369.2 million barrels, inventories are 36.3 million barrels above last year (10.9%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 1.7 million barrels to 197.1 million barrels. At 197.1 million barrels, inventories are down 9.1 million barrels, or 4.4% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.7mb);...

Read the Full Article

Submitted Oct 17, 2012 By: PD

Back To News

Category: GasBuddy Official Blog > Topics	Add to favorite topics Post New Topic

Author	Topic: EIA: Crude, gasoline inventories rise, distillates fall as heating season approaches	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

TTQuattro Rookie Author Indiana Posts:72 Points:45,060 Joined:Oct 2012	Message Posted: Oct 23, 2012 12:23:20 AM Ignore TTQuattro Report Abuse sure
Lobsters11 Rookie Author Sacramento Posts:29 Points:16,075 Joined:Oct 2012	Message Posted: Oct 20, 2012 1:02:20 PM Ignore Lobsters11 Report Abuse I agree Jeff4U
Jeff4U Champion Author Atlanta Posts:8,733 Points:1,849,445 Joined:Nov 2004	Message Posted: Oct 18, 2012 1:47:33 PM Ignore Jeff4U Report Abuse After a day has passed, no reaction of retail gas prices. If these same exact numbers had been negative amounts, gas prices would have jumped by 10-15¢ at the pump - in an instant!
WalRus49 Champion Author Boston Posts:4,060 Points:865,940 Joined:Nov 2010	Message Posted: Oct 18, 2012 8:21:46 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage...................
SaturnSC Champion Author Columbus Posts:1,051 Points:829,875 Joined:Nov 2008	Message Posted: Oct 18, 2012 6:28:05 AM Ignore SaturnSC Report Abuse Usual
bassakwards007 Champion Author Orange County Posts:1,117 Points:241,295 Joined:Aug 2012	Message Posted: Oct 18, 2012 6:02:57 AM Ignore bassakwards007 Report Abuse Always some excuse
Lengas Champion Author Gary Posts:13,535 Points:2,714,850 Joined:Nov 2004	Message Posted: Oct 18, 2012 6:01:56 AM Ignore Lengas Report Abuse Some stations here holding at $3.659 while others have dropped to $3.399.
tbgasmizer Champion Author Ontario Posts:6,053 Points:1,229,770 Joined:Oct 2009	Message Posted: Oct 18, 2012 6:01:48 AM Ignore tbgasmizer Report Abuse Prices need to drop rapidly.
harleydoctor Champion Author Kansas Posts:7,330 Points:1,925,660 Joined:Sep 2005	Message Posted: Oct 18, 2012 5:59:30 AM Ignore harleydoctor Report Abuse Funny how inventorys seem to go up when people can't afford to fill up huh?
Ferdman17 Champion Author Albany Posts:1,273 Points:371,610 Joined:Feb 2012	Message Posted: Oct 18, 2012 5:58:07 AM Ignore Ferdman17 Report Abuse It better
LeeFree Champion Author Pittsburgh Posts:9,136 Points:2,240,525 Joined:Jun 2005	Message Posted: Oct 18, 2012 5:57:12 AM Ignore LeeFree Report Abuse Around here, pump prices still only down 10 cents/gal from their peak a month ago.
swede Champion Author Cleveland Posts:3,752 Points:1,673,075 Joined:Feb 2003	Message Posted: Oct 18, 2012 5:56:30 AM Ignore swede Report Abuse to be expected going into winter.
Petrock Champion Author Lexington Posts:9,108 Points:2,554,835 Joined:Apr 2005	Message Posted: Oct 18, 2012 5:56:17 AM Ignore Petrock Report Abuse Gasoline inventories are up - so gas prices will drop? I will believe it when I see it!
tomok Champion Author Portland Posts:32,931 Points:2,342,585 Joined:Aug 2006	Message Posted: Oct 18, 2012 5:56:06 AM Ignore tomok Report Abuse Crude oil inventories increased, Gasoline inventories increased, Distillate inventories decreased, Refinery utilization rose 0.7%, Total US oil stocks are up 3% over last year. Crude oil and Gasoline inventories increased and high fuel prices at the pump! The trend for fuel prices at the pump is always up! Big Oil continues to sell 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. 'Coming out of the closet' Fred's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Fred's economy is not improving but continues to hurt the population and the job numbers continue to be down – no matter how smoooooth talking Fred spins those numbers! People will still drive and buy fuel no matter what but it sure helps to have a job too! 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 personal greedy benefit. How much will gas prices go up and they will rise, the trend is always up with fuel prices. The price at the pump needs to go down to $2/gallon, $3, $3.50/gallon or $4.00 this is Not the new low! Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
jeff95519 Champion Author California Posts:2,437 Points:1,351,315 Joined:Sep 2008	Message Posted: Oct 18, 2012 5:53:14 AM Ignore jeff95519 Report Abuse Drill baby drill
pfone1847 Champion Author Illinois Posts:3,171 Points:620,655 Joined:Oct 2010	Message Posted: Oct 18, 2012 5:52:31 AM Ignore pfone1847 Report Abuse blah blah
Boo1989 Champion Author Atlanta Posts:7,158 Points:1,346,605 Joined:Oct 2008	Message Posted: Oct 18, 2012 5:51:46 AM Ignore Boo1989 Report Abuse "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." steven chu, obama's energy secretary.
bababooey2 Champion Author Hartford Posts:6,337 Points:1,299,915 Joined:Sep 2009	Message Posted: Oct 18, 2012 5:51:14 AM Ignore bababooey2 Report Abuse Whatever
momster1 Veteran Author Wisconsin Posts:448 Points:286,915 Joined:Mar 2011	Message Posted: Oct 18, 2012 5:49:55 AM Ignore momster1 Report Abuse Ok
ILVET Champion Author Illinois Posts:14,779 Points:2,922,690 Joined:Jan 2005	Message Posted: Oct 18, 2012 5:45:08 AM Ignore ILVET Report Abuse Could this have anything to do with the elections
Harry813 Champion Author Iowa Posts:2,990 Points:658,940 Joined:Jul 2011	Message Posted: Oct 18, 2012 5:44:19 AM Ignore Harry813 Report Abuse Greed as usual
Dailyrun Champion Author Kentucky Posts:1,967 Points:385,915 Joined:Apr 2012	Message Posted: Oct 18, 2012 5:43:40 AM Ignore Dailyrun Report Abuse Is that to the point that Gasoline should be less expensive?
AvantiMick Champion Author Indiana Posts:12,727 Points:2,539,620 Joined:Dec 2005	Message Posted: Oct 18, 2012 5:39:56 AM Ignore AvantiMick Report Abuse Why would any company EXPORT oil and gas from the US, if not to just keep our prices high?? US oil doesn't have to shipped around the world and should be cheaper here, but they make more money shipping it to China!!
jetlagAK Champion Author Anchorage Posts:2,241 Points:633,625 Joined:Jan 2010	Message Posted: Oct 18, 2012 5:39:33 AM Ignore jetlagAK Report Abuse No more Hype and Chains!
neptune2008 Champion Author Michigan Posts:8,558 Points:1,666,800 Joined:Aug 2008	Message Posted: Oct 18, 2012 5:37:04 AM Ignore neptune2008 Report Abuse and we pay more and more
stpetebp Champion Author Tampa Posts:6,206 Points:1,729,655 Joined:Nov 2007	Message Posted: Oct 18, 2012 5:34:10 AM Ignore stpetebp Report Abuse Another useless report from our government
twt Champion Author Virginia Beach Posts:8,708 Points:995,460 Joined:Mar 2005	Message Posted: Oct 18, 2012 5:31:34 AM Ignore twt Report Abuse Numbers, numbers.
4bobux Champion Author Peoria Posts:1,962 Points:409,230 Joined:Mar 2012	Message Posted: Oct 18, 2012 5:31:19 AM Ignore 4bobux Report Abuse numbers, whatever...
gaspumpin Champion Author Indiana Posts:1,655 Points:385,555 Joined:Apr 2012	Message Posted: Oct 18, 2012 5:25:51 AM Ignore gaspumpin Report Abuse Oh, look at the numbers spin.
Tiput Champion Author Ottawa Posts:1,980 Points:461,125 Joined:Jul 2011	Message Posted: Oct 18, 2012 5:24:44 AM Ignore Tiput Report Abuse ok
GAS1251 Champion Author Texas Posts:5,133 Points:1,623,305 Joined:Jun 2008	Message Posted: Oct 18, 2012 5:24:43 AM Ignore GAS1251 Report Abuse Still a bottleneck at the refinery level.
Foxt Champion Author Minnesota Posts:5,245 Points:2,017,405 Joined:Jul 2006	Message Posted: Oct 18, 2012 5:24:14 AM Ignore Foxt Report Abuse Does it really matter?
Rednix Champion Author Miami Posts:6,143 Points:1,272,810 Joined:Jul 2009	Message Posted: Oct 18, 2012 5:22:57 AM Ignore Rednix Report Abuse Finally a break.
mystic92 Champion Author New Jersey Posts:1,165 Points:314,245 Joined:May 2012	Message Posted: Oct 18, 2012 5:22:30 AM Ignore mystic92 Report Abuse with last years mild winter the stocks should be higher, but I'm sure they will find a way 2 charge extra for the extra
gabisgram Champion Author Michigan Posts:2,181 Points:909,325 Joined:Sep 2006	Message Posted: Oct 18, 2012 5:20:27 AM Ignore gabisgram Report Abuse Gas still too high.
DrivingFool2 Champion Author Appleton Posts:8,572 Points:1,602,190 Joined:Apr 2005	Message Posted: Oct 18, 2012 5:19:33 AM Ignore DrivingFool2 Report Abuse Congress----oil drilled here, stays here, got it
ectolle Rookie Author Indiana Posts:67 Points:19,440 Joined:Jul 2011	Message Posted: Oct 18, 2012 5:15:54 AM Ignore ectolle Report Abuse amazing we import 8.35 million barrels and export 2.91. Is my math off or is there a reason why we export when we don't have enough ourselves.
Bonanza Champion Author Boston Posts:12,069 Points:2,548,080 Joined:Jun 2004	Message Posted: Oct 18, 2012 5:14:48 AM Ignore Bonanza Report Abuse Yesterday's news
Ziggy1962 Champion Author New Jersey Posts:5,727 Points:1,807,760 Joined:Aug 2006	Message Posted: Oct 18, 2012 5:13:07 AM Ignore Ziggy1962 Report Abuse And the price will go up!
hawkman1950 Champion Author Michigan Posts:2,609 Points:537,630 Joined:Aug 2010	Message Posted: Oct 18, 2012 5:12:13 AM Ignore hawkman1950 Report Abuse Who can afford to go anywhere?
BEngr Champion Author Illinois Posts:6,696 Points:1,576,940 Joined:May 2008	Message Posted: Oct 18, 2012 5:07:49 AM Ignore BEngr Report Abuse Well its obvious that inventories are not the driving factor when it comes to the higher prices of gas at the pump.
joko0 Champion Author New Jersey Posts:1,950 Points:561,915 Joined:Oct 2008	Message Posted: Oct 18, 2012 5:04:01 AM Ignore joko0 Report Abuse Always spinning the numbers
Bildawg Champion Author Ohio Posts:1,066 Points:479,470 Joined:Oct 2011	Message Posted: Oct 18, 2012 5:02:45 AM Ignore Bildawg Report Abuse ok.......
SavingInNC Champion Author North Carolina Posts:5,773 Points:1,090,540 Joined:Oct 2006	Message Posted: Oct 18, 2012 5:01:24 AM Ignore SavingInNC Report Abuse Okay
unclenorman Champion Author Tampa Posts:1,329 Points:136,295 Joined:Jan 2012	Message Posted: Oct 18, 2012 4:58:08 AM Ignore unclenorman Report Abuse Somedays up,somedays down.
yelobus Champion Author Houston Posts:5,579 Points:1,552,840 Joined:Aug 2006	Message Posted: Oct 18, 2012 4:54:11 AM Ignore yelobus Report Abuse So prices go up?
millerin Champion Author Orlando Posts:2,295 Points:478,440 Joined:Jan 2012	Message Posted: Oct 18, 2012 4:54:10 AM Ignore millerin Report Abuse hmm...
hybridaholic Champion Author Appleton Posts:8,350 Points:1,552,890 Joined:Dec 2008	Message Posted: Oct 18, 2012 4:53:40 AM Ignore hybridaholic Report Abuse They want to export our oil and products but still jerk us around with supply manipulations.
NotTom Champion Author New Hampshire Posts:5,336 Points:1,382,740 Joined:Aug 2005	Message Posted: Oct 18, 2012 4:52:52 AM Ignore NotTom Report Abuse DISTILLATE (diesel, heating oil) INVENTORIES: Distillate inventories decreased by 2.2 million barrels to a total of 118.7 million barrels. At 118.7 million barrels, inventories are now 20.8% lower than a year ago. Total distillate inventories stand 31.1 million barrels lower than their year ago level.
WR-INC Champion Author Twin Cities Posts:39,472 Points:3,621,410 Joined:Dec 2002	Message Posted: Oct 18, 2012 4:50:52 AM Ignore WR-INC Report Abuse And the dollar is worth less, so the prices still are high.