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EIA: Refinery utilization rises to 92%, gasoline inventories fall

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 0.2 million barrels to a total of 384.4 million barrels. At 384.4 million barrels, inventories are 18.9 million barrels above last year (5.2%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.7 million barrels to 201.8 million barrels. At 201.8 million barrels, inventories are down 13.3 million barrels, or 6.2% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-1.0mb);...

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Submitted Jun 13, 2012 By: PD

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honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Jun 16, 2012 9:24:57 AM Ignore honda0105 Report Abuse another useless PD blog entry. Pig Oil still does what Pig Oil wants to do.
sparky808 Champion Author Honolulu Posts:3,013 Points:600,660 Joined:Sep 2011	Message Posted: Jun 15, 2012 1:30:29 PM Ignore sparky808 Report Abuse Thank you for posting.
steben11 Veteran Author Montreal Posts:382 Points:485,265 Joined:May 2011	Message Posted: Jun 15, 2012 9:32:13 AM Ignore steben11 Report Abuse Another excuse to keep the price to expensive
Chris46 Champion Author Dayton Posts:23,716 Points:2,084,490 Joined:Sep 2005	Message Posted: Jun 14, 2012 7:08:17 PM Ignore Chris46 Report Abuse We need a gasoline export tax, to keep gasoline in the States!
Galmar352 Champion Author San Antonio Posts:10,158 Points:1,882,625 Joined:Dec 2005	Message Posted: Jun 14, 2012 4:46:38 PM Ignore Galmar352 Report Abuse Ok.
Pete12 Champion Author Albany Posts:4,880 Points:1,646,870 Joined:Nov 2005	Message Posted: Jun 14, 2012 4:34:14 PM Ignore Pete12 Report Abuse thay need to operate at 92% for awhile bfore the inventory will build.
Dennisjk Champion Author Detroit Posts:6,491 Points:1,927,175 Joined:Apr 2006	Message Posted: Jun 14, 2012 2:20:46 PM Ignore Dennisjk Report Abuse Refineries go down for maintenance when they want prices to increase.
sparky808 Champion Author Honolulu Posts:3,013 Points:600,660 Joined:Sep 2011	Message Posted: Jun 14, 2012 1:30:31 PM Ignore sparky808 Report Abuse Thank you for posting.
gaswatchON Veteran Author Ontario Posts:463 Points:118,405 Joined:May 2012	Message Posted: Jun 14, 2012 11:23:43 AM Ignore gaswatchON Report Abuse Lower the amount of gas available - up go the prices
JXQW Champion Author Kansas City Posts:2,787 Points:684,925 Joined:Jul 2008	Message Posted: Jun 14, 2012 10:16:38 AM Ignore JXQW Report Abuse we just got another prices surge of 20 cents
slgas Champion Author Houston Posts:6,045 Points:1,565,465 Joined:Oct 2008	Message Posted: Jun 14, 2012 10:08:18 AM Ignore slgas Report Abuse Not much useful info in these weekly reports. Unless you're a trader.
photobuddy Champion Author Washington Posts:1,620 Points:370,255 Joined:Feb 2012	Message Posted: Jun 14, 2012 10:06:05 AM Ignore photobuddy Report Abuse Gasoline inventories are still high so lets tell you how much they have lowered so we charge more.
zimowski Champion Author San Jose Posts:6,686 Points:1,587,390 Joined:Nov 2007	Message Posted: Jun 14, 2012 10:06:04 AM Ignore zimowski Report Abuse Do inventories really control the cost of gas at the pump?
no1doc Champion Author Milwaukee Posts:20,604 Points:1,780,190 Joined:Oct 2007	Message Posted: Jun 14, 2012 10:05:26 AM Ignore no1doc Report Abuse roundtrip100 and silverfoxv65, According to the article we exported 411,000 barrels per day of gasoline. That's almost half of what we import. A gasoline export tariff would keep more of that gasoline here.
WTLITNG Champion Author Virginia Posts:1,868 Points:1,018,035 Joined:Dec 2008	Message Posted: Jun 14, 2012 10:05:24 AM Ignore WTLITNG Report Abuse There is a glut of gas; prices are dropping here due to it.
peanutsMN Champion Author Twin Cities Posts:1,698 Points:388,815 Joined:Jul 2011	Message Posted: Jun 14, 2012 10:04:29 AM Ignore peanutsMN Report Abuse Huh?
kd5kpd Champion Author Texas Posts:3,752 Points:1,419,650 Joined:Apr 2006	Message Posted: Jun 14, 2012 10:04:01 AM Ignore kd5kpd Report Abuse Another excuse to jack up prices
twiper1 Champion Author San Diego Posts:7,847 Points:1,608,985 Joined:Oct 2008	Message Posted: Jun 14, 2012 10:03:22 AM Ignore twiper1 Report Abuse Alright
freedomsailor Champion Author Naples Posts:2,144 Points:413,595 Joined:Oct 2011	Message Posted: Jun 14, 2012 10:02:13 AM Ignore freedomsailor Report Abuse And so it is....
VernonOR Champion Author Oregon Posts:2,925 Points:739,820 Joined:Aug 2010	Message Posted: Jun 14, 2012 10:02:05 AM Ignore VernonOR Report Abuse Fuel prices are still high $4.07 today in my home-town.
kjSC Champion Author South Carolina Posts:3,377 Points:681,375 Joined:Apr 2011	Message Posted: Jun 14, 2012 10:01:48 AM Ignore kjSC Report Abuse More old news.
Ticoman54 Champion Author Miami Posts:7,051 Points:1,494,495 Joined:Oct 2008	Message Posted: Jun 14, 2012 10:00:02 AM Ignore Ticoman54 Report Abuse I agree with tutaw.
smenzel Champion Author Seattle Posts:2,070 Points:1,107,855 Joined:Mar 2007	Message Posted: Jun 14, 2012 9:58:26 AM Ignore smenzel Report Abuse Interesting
3boys03 Rookie Author Columbus Posts:81 Points:26,595 Joined:May 2012	Message Posted: Jun 14, 2012 9:57:44 AM Ignore 3boys03 Report Abuse okay
blah2blah3 Champion Author Houston Posts:2,621 Points:603,895 Joined:May 2011	Message Posted: Jun 14, 2012 9:57:05 AM Ignore blah2blah3 Report Abuse ok
ibhenry Champion Author San Diego Posts:1,536 Points:457,945 Joined:Jun 2011	Message Posted: Jun 14, 2012 9:56:35 AM Ignore ibhenry Report Abuse gas prices need to keep dropping...
esorsd Champion Author St. Louis Posts:5,748 Points:1,640,690 Joined:May 2005	Message Posted: Jun 14, 2012 9:56:15 AM Ignore esorsd Report Abuse Ok.
moremissions200 Champion Author Rhode Island Posts:10,531 Points:2,029,360 Joined:Jan 2007	Message Posted: Jun 14, 2012 9:56:08 AM Ignore moremissions200 Report Abuse "Utilization rates for the last week were as follows: East Coast: 84.1%, Midwest: 93.6%, Gulf Coast: 93.8%, Rocky Mountain: 91.4%, West Coast: 88.0%." Even with refinery shutdowns on the East Coast, the utilization rate of 84.1% listed is a manipulation of numbers since the true utilization rate would be in the 55 to 58% range if all refineries were counted. agree with post from tutaw: "we need to update and build more refineries" and utilize them to lower prices at the pump.
76chevy Champion Author Toledo Posts:3,994 Points:770,905 Joined:Jun 2010	Message Posted: Jun 14, 2012 9:55:45 AM Ignore 76chevy Report Abuse ... or more refineries not shut down under the obummer initiative.
Sam195 Champion Author San Bernardino Posts:8,105 Points:1,578,000 Joined:Oct 2008	Message Posted: Jun 14, 2012 9:55:37 AM Ignore Sam195 Report Abuse That's great news, I hope it goes up to 95.
silverfoxv65 Champion Author Michigan Posts:4,495 Points:1,232,825 Joined:Sep 2009	Message Posted: Jun 14, 2012 9:55:03 AM Ignore silverfoxv65 Report Abuse Yea how much did we sell over seas.
mycar2 Champion Author Akron Posts:2,115 Points:2,360,590 Joined:Apr 2004	Message Posted: Jun 14, 2012 9:54:48 AM Ignore mycar2 Report Abuse cause we are exporting gas
Hangnail309 Champion Author Manitoba Posts:6,039 Points:1,680,105 Joined:Aug 2006	Message Posted: Jun 14, 2012 9:54:24 AM Ignore Hangnail309 Report Abuse sounds like more refineries should be built ...
spartan_in_ar All-Star Author Arkansas Posts:593 Points:266,790 Joined:Mar 2011	Message Posted: Jun 14, 2012 9:52:46 AM Ignore spartan_in_ar Report Abuse here we go-summertime supply issues on the horizon!
maske_2222 Champion Author Manitoba Posts:7,422 Points:1,500,005 Joined:Oct 2008	Message Posted: Jun 14, 2012 9:52:10 AM Ignore maske_2222 Report Abuse Ok.......
psm80134 Champion Author Denver Posts:2,635 Points:542,895 Joined:Nov 2011	Message Posted: Jun 14, 2012 9:52:10 AM Ignore psm80134 Report Abuse Refinery capacity is the choke point when it comes to gas prices. Having available oil is one thing. Being able to refine it into gas is another. We haven't built a new refinery in this country since the early 1970s, and several that we did have, have now closed. We need new refineries. Trouble is, no one wants to spend a decade fighting environmental lobbies in court and the EPA in regulations to build one.
roundtrip100 Champion Author Fort Wayne Posts:2,018 Points:398,900 Joined:Apr 2012	Message Posted: Jun 14, 2012 9:52:02 AM Ignore roundtrip100 Report Abuse How much gasoline is being exported?
Soglaos Champion Author Virginia Beach Posts:2,771 Points:742,655 Joined:Feb 2011	Message Posted: Jun 14, 2012 9:51:04 AM Ignore Soglaos Report Abuse ok
GasSpy007 Champion Author New York City Posts:1,832 Points:490,275 Joined:Nov 2011	Message Posted: Jun 14, 2012 9:50:33 AM Ignore GasSpy007 Report Abuse blahh blahh yada yada
PhilMils Champion Author Virginia Posts:6,264 Points:1,186,390 Joined:Dec 2008	Message Posted: Jun 14, 2012 9:50:25 AM Ignore PhilMils Report Abuse When you actually read the full blog entry, you see that it would help to be able to get more mid-west and Canadian oil to refineries on the east and west coasts instead of to ports on the Gulf Coast.
kulwicki7 All-Star Author Virginia Posts:638 Points:268,845 Joined:Sep 2005	Message Posted: Jun 14, 2012 9:50:03 AM Ignore kulwicki7 Report Abuse ok
tomok Champion Author Portland Posts:33,088 Points:2,348,435 Joined:Aug 2006	Message Posted: Jun 14, 2012 9:49:01 AM Ignore tomok Report Abuse Crude oil inventories decreased, Gasoline inventories decreased, Distillate inventories decreased, Refinery utilization rose 1%, Total US oil stocks are up. Pump prices have been dropping but need to drop faster. Prices went up over night and have yet to decline that same amount or more. Fuel demand down and prices at the pump are high. There is plenty of crude oil and enough refineries to process it. The East and West coasts continue to have low refinery percentage production, the East Coast lower percentages. Big Oil refines less fuel to keep the price of fuel at the pump high! 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' Barry will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction and receive the huge federal tax income from oil. Barry's economy is not improving but continues to hurt the population. 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, Produce and ‘Drive’ vehicles with high MPG, are very safe and reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible. The price of fuel at the pump is too high! 12/22/2012!
tutaw Champion Author Kentucky Posts:3,623 Points:845,670 Joined:Sep 2008	Message Posted: Jun 14, 2012 9:47:48 AM Ignore tutaw Report Abuse we need to update and build more refineries
jmdk721 Champion Author Missouri Posts:1,184 Points:576,830 Joined:Jul 2011	Message Posted: Jun 14, 2012 9:47:45 AM Ignore jmdk721 Report Abuse ok
csherring2010 Rookie Author Virginia Posts:48 Points:86,230 Joined:Oct 2011	Message Posted: Jun 14, 2012 9:47:22 AM Ignore csherring2010 Report Abuse YAY!
Jamer Champion Author Las Vegas Posts:8,774 Points:1,639,185 Joined:Jul 2002	Message Posted: Jun 14, 2012 9:46:30 AM Ignore Jamer Report Abuse We need more refineries built.
FlyNFool Champion Author South Carolina Posts:8,254 Points:1,687,900 Joined:Aug 2008	Message Posted: Jun 14, 2012 9:44:51 AM Ignore FlyNFool Report Abuse What about 100%?
BillHeatherL Champion Author Alberta Posts:7,658 Points:1,927,555 Joined:Apr 2007	Message Posted: Jun 14, 2012 9:44:29 AM Ignore BillHeatherL Report Abuse still waiting to see any drop at the pumps here
bart_reed Champion Author Los Angeles Posts:3,989 Points:788,555 Joined:Mar 2011	Message Posted: Jun 14, 2012 9:44:17 AM Ignore bart_reed Report Abuse Great. It doesn't make a difference in the price at the pump.
SUPPER Champion Author San Bernardino Posts:2,485 Points:1,291,485 Joined:Dec 2004	Message Posted: Jun 14, 2012 9:44:00 AM Ignore SUPPER Report Abuse More inventory lower pump prices