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GasBuddy News Article

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Crude inventories surge, gasoline stocks tighten as demand rises: EIA

GasBuddy Blog -- The Energy Information Administration released its weekly report on the status of petroleum inventories in the United States today.

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased by 5.9 million barrels to a total of 369.1 million barrels. At 369.1 million barrels, inventories are 30.1 million barrels above last year (8.9%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.0 million barrels to 232.3 million barrels. At 232.3 million barrels, inventories are up 2.2 million barrels, or 0.9% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.3mb); Midwest...


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Submitted Jan 30, 2013 By: PD
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Author Topic: Crude inventories surge, gasoline stocks tighten as demand rises: EIA Back to Topics
REPLIES (newest first) Post a Reply
babyjudy
Champion Author Tucson

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Message Posted: Jun 8, 2013 11:21:31 AM

Okay
OldMan322
Champion Author Illinois

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Message Posted: Jan 31, 2013 9:20:13 AM

Same oh, same oh
Tommyguns45
All-Star Author Illinois

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Points:428,195
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Message Posted: Jan 31, 2013 8:50:48 AM

Any kind of report on oil is a reason for them to raise it, then we go back to using less and they drop it again. The export of our oil and the up coming natural gas should be banned. Sale all the coal they want to China
Hemi3tc
Veteran Author Vancouver

Posts:354
Points:470,005
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Message Posted: Jan 31, 2013 8:19:14 AM

Still able to export.

In total, U.S. refineries exported 3.1 million barrels per day of oil and products.
12mpgnavigator
Champion Author Seattle

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Message Posted: Jan 31, 2013 7:51:44 AM

yawn
jimraehl
Champion Author Utah

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Message Posted: Jan 31, 2013 7:01:53 AM

Standard report.
prcoqui
Champion Author Maryland

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Message Posted: Jan 31, 2013 6:49:57 AM

Inventories has nothing to do with price.
Chem60
Champion Author Tallahassee

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Message Posted: Jan 31, 2013 6:32:49 AM

Lots of crude, but all the refineries are either closed or barely producing gasoline.
bbreff
Champion Author Atlanta

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Message Posted: Jan 31, 2013 6:32:24 AM



The EIA - a waste of federal taxpayer money.

fordfan1
Champion Author Indiana

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Message Posted: Jan 31, 2013 6:32:05 AM

These latest huge price spikes at the pump are solid proof that big oil is ran on Greed and Greed alone!!!! It does not matter how we consumers try to save on using gas and how high the supply goes the prices just keep going up!!!!!
KentsterPA
Champion Author Pennsylvania

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Message Posted: Jan 31, 2013 6:31:15 AM

And the price keeps going up.
wegman
Champion Author Twin Cities

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Message Posted: Jan 31, 2013 6:30:16 AM

Something doesn't seem right here. We have LOTS of crude, not so much for the refined products.

And with a 55 cent jump is less than three weeks, I'm wondering what ripples from the national disaster that was Election Day 2012 is having in the short term.
pitamon
Champion Author Philadelphia

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Message Posted: Jan 31, 2013 6:30:01 AM

Because the refineries and Big Oil are greedy.
nb52
Champion Author Grand Rapids

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Message Posted: Jan 31, 2013 6:29:50 AM

Oh those overpaid EIA bureaucrats.
2parrots
Champion Author Massachusetts

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Message Posted: Jan 31, 2013 6:29:15 AM

in the last 2 days prices here have gone up between 6c & 20c at stations on my route to work
Jeffro61
Champion Author Cleveland

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Message Posted: Jan 31, 2013 6:27:46 AM

That tells me the refineries are cutting back on production to tighten the market.
mandoid
Champion Author Alabama

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Message Posted: Jan 31, 2013 6:27:44 AM

we are over 3 bucks a gallon here
Clayton2000
Champion Author South Carolina

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Message Posted: Jan 31, 2013 6:26:57 AM

Ok
OutsideCat
Champion Author Maine

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Message Posted: Jan 31, 2013 6:26:28 AM

up a few cents overnight
keithyoon1977
Champion Author Virginia

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Message Posted: Jan 31, 2013 6:26:12 AM

ok
kobes1
Champion Author Florida

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Message Posted: Jan 31, 2013 6:24:09 AM

Greed baby
WonderfulMI
Champion Author Michigan

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Message Posted: Jan 31, 2013 6:23:52 AM

Gotta keep prices high if they want to make big bucks.
Ferdman17
Champion Author Albany

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Message Posted: Jan 31, 2013 6:22:55 AM

How is it the crude inventorys are still so high and gas inventories are still so low. Price manipulation
Tommy4Wheel
Champion Author Wilmington

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Message Posted: Jan 31, 2013 6:22:54 AM

Daily BS!!
walkerms1
All-Star Author Albany

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Message Posted: Jan 31, 2013 6:22:47 AM

Invest in oil futures and you can be rich too!
tekguy
Champion Author Pittsburgh

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Message Posted: Jan 31, 2013 6:22:06 AM

greed
jppezz
Champion Author New Mexico

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Message Posted: Jan 31, 2013 6:21:08 AM

Price manipulation and greed.
Hazelnut
Champion Author Greensboro

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Message Posted: Jan 31, 2013 6:20:15 AM

1 million barrels is just a smallest dent in the stockpile. Pure speculation is rampant here.
Badmoon
Champion Author Massachusetts

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Message Posted: Jan 31, 2013 6:19:22 AM

The closing of the Hess refinery causing price spike.
Sneakers55
Champion Author Houston

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Message Posted: Jan 31, 2013 6:18:35 AM

On Jan 31, 2013 4:37:32 AM, geneo56 wrote:

>What do you expect from the nations greediest industry?

There are a lot of other industries that are greedier than Big Oil. The only thing is they're not the size of Big Oil.
RichWLIN
Champion Author Indiana

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Message Posted: Jan 31, 2013 6:17:55 AM

More speculation fodder.
Ringmaster2008
Champion Author Ontario

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Message Posted: Jan 31, 2013 6:17:35 AM

OK
sydb7
Champion Author Atlanta

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Message Posted: Jan 31, 2013 6:17:21 AM

Lies, damn lies, then there are statistics!
bby
Champion Author Twin Cities

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Message Posted: Jan 31, 2013 6:16:04 AM

Ok
NJColt
Champion Author New Jersey

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Message Posted: Jan 31, 2013 6:15:37 AM

They are so full of bull its a joke. We talk about so much of a glut and overnight we are short.
forderjunk
Champion Author Maine

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Message Posted: Jan 31, 2013 6:15:15 AM

same old excuse to raise prices
nstrdnvstr
Champion Author Twin Cities

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Message Posted: Jan 31, 2013 6:14:24 AM

Gas prices went up 20 cents here this past week. Maybe this will help bring it back down.
bikerWI
Champion Author Milwaukee

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Message Posted: Jan 31, 2013 6:14:07 AM

Not enough refineries.
dar 1
Champion Author Michigan

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Message Posted: Jan 31, 2013 6:13:40 AM

Springs a coming........
76chevy
Champion Author Toledo

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Message Posted: Jan 31, 2013 6:13:12 AM

ok
RocketGeek
Champion Author Grand Rapids

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Message Posted: Jan 31, 2013 6:12:49 AM

I don't seem to be able to control it, so whatever...
dhawk24
Champion Author Maine

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Message Posted: Jan 31, 2013 6:12:40 AM

We need more refineries to keep up with the crude inventories.
alphanyr
Champion Author Connecticut

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Message Posted: Jan 31, 2013 6:12:26 AM

Game to raise retail
sawdust1825
Champion Author Illinois

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Message Posted: Jan 31, 2013 6:11:33 AM

Prices are being manipulated again.
subnuke
Champion Author Atlanta

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Message Posted: Jan 31, 2013 6:11:23 AM

stop with the greed talk - refineries are shifting to summer blend gasolines that dear leader obuma demands
mrjames1818
Champion Author New Jersey

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Message Posted: Jan 31, 2013 6:11:09 AM

Give me a break - law of supply and demand doesn't exist in the oil industry - price manipulation does
Zuman
Champion Author New York

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Message Posted: Jan 31, 2013 6:11:06 AM

Just more crap.
heartbroken2010
Champion Author Ottawa

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Message Posted: Jan 31, 2013 6:10:50 AM

i think this is called " dipping" , Read: pickpocketing
JLSindy
Champion Author Cleveland

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Message Posted: Jan 31, 2013 6:10:20 AM

Petrock has it figured out!

Prices have not just risen here in NE Ohio they can escalate almost every several hours!!!!
sappie
Champion Author Massachusetts

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Message Posted: Jan 31, 2013 6:10:01 AM

greed thats all.
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