Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:54 AM

GasBuddy News Article

62
votes
EIA data shows massive build in gasoline, distillate inventories

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 1.3 million barrels to a total of 361.3 million barrels. At 361.3 million barrels, inventories are 26.6 million barrels above last year (8%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 7.4 million barrels to 233.1 million barrels. At 233.1 million barrels, inventories are up 9.3 million barrels, or 4.1% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.9mb); Midwest...


Read the Full Article

Submitted Jan 09, 2013 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA data shows massive build in gasoline, distillate inventories Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,330
Points:2,442,140
Joined:Nov 2008
Message Posted: Jan 13, 2013 7:56:59 AM

Lugi: that's b/c Pig Oil CAN raise prices and no one can do a thing about it.
Lugi1967
Champion Author Ohio

Posts:7,756
Points:1,810,000
Joined:Jun 2010
Message Posted: Jan 12, 2013 10:27:18 AM

And yet the price of gas spiked up 40 cents this week??
honda0105
Champion Author Tallahassee

Posts:24,330
Points:2,442,140
Joined:Nov 2008
Message Posted: Jan 12, 2013 8:02:21 AM

yawn.
DeeLA
Champion Author Los Angeles

Posts:8,096
Points:2,164,910
Joined:Nov 2008
Message Posted: Jan 10, 2013 2:22:06 PM

Old News.
Tiernan2012
Champion Author Sacramento

Posts:4,470
Points:974,750
Joined:Oct 2012
Message Posted: Jan 10, 2013 2:10:57 PM

But, here in California, the lowest prices at the pump are nudging upwards while the highs are slowly coming down, making the average relatively stable, for now, with slight rises and dips in the overall daily average. So, an increase in supply only keeps the average stable, at best?
HailstormCA
Champion Author San Diego

Posts:10,716
Points:2,172,535
Joined:Nov 2008
Message Posted: Jan 10, 2013 2:01:31 PM

And why are prices still going up>?
hatterasjack
Champion Author South Carolina

Posts:2,039
Points:1,330,400
Joined:Sep 2007
Message Posted: Jan 10, 2013 1:58:10 PM

So why aren't pump prices falling off?
bridgerunner
Champion Author Virginia

Posts:11,306
Points:1,818,160
Joined:Jul 2009
Message Posted: Jan 10, 2013 1:50:51 PM

There has to be an underlying reason for this.
DrLyon
Champion Author Michigan

Posts:9,094
Points:1,969,060
Joined:May 2006
Message Posted: Jan 10, 2013 1:49:24 PM

So lower the pump prices...
mhadden
Rookie Author Indiana

Posts:22
Points:89,265
Joined:Mar 2005
Message Posted: Jan 10, 2013 1:49:18 PM

The laws of supply and demand indicate that fuel costs should go down. But we all know they won't (if anything, they'll go up!)
briinnc
Champion Author North Carolina

Posts:2,705
Points:834,820
Joined:Jan 2010
Message Posted: Jan 10, 2013 1:44:08 PM

Again?
ntass1
Champion Author Edmonton

Posts:7,175
Points:1,538,830
Joined:May 2011
Message Posted: Jan 10, 2013 1:41:56 PM

prices steady here for now.
chillyman3
Champion Author Illinois

Posts:1,629
Points:1,090,930
Joined:Jan 2012
Message Posted: Jan 10, 2013 1:41:38 PM

old news
garyr86
Champion Author Michigan

Posts:3,184
Points:1,154,635
Joined:Dec 2010
Message Posted: Jan 10, 2013 1:41:38 PM

Doesn't really mean a lot to me.
milespergallon
Champion Author Illinois

Posts:12,978
Points:2,719,850
Joined:Feb 2007
Message Posted: Jan 10, 2013 1:41:02 PM

Yesterday
macike
Champion Author South Dakota

Posts:2,736
Points:906,730
Joined:Feb 2012
Message Posted: Jan 10, 2013 1:40:32 PM

We need sources of new oil
zaq001
Champion Author Atlanta

Posts:7,383
Points:2,305,685
Joined:Oct 2008
Message Posted: Jan 10, 2013 1:39:01 PM

Good! Now, let's see prices at the pump drop.
tick1946
Veteran Author Cincinnati

Posts:287
Points:1,362,540
Joined:Nov 2006
Message Posted: Jan 10, 2013 1:38:23 PM

Prices up twenty cents from yesterday.
radiorumor
Champion Author Texas

Posts:6,021
Points:1,578,215
Joined:Feb 2011
Message Posted: Jan 10, 2013 1:37:54 PM

So when do the lower prices hit the pump? It's up .08 cents since Monday around here.
dad2two
Champion Author Dallas

Posts:6,175
Points:1,420,570
Joined:May 2010
Message Posted: Jan 10, 2013 1:32:10 PM

People can't afford to drive much anymore.
cricket48750
Champion Author Michigan

Posts:1,504
Points:731,120
Joined:May 2011
Message Posted: Jan 10, 2013 1:30:00 PM

Unfortunately inventory levels do not affect prices unless it works in the right direction.
SUV2009
Champion Author Orlando

Posts:6,726
Points:1,902,170
Joined:Oct 2009
Message Posted: Jan 10, 2013 1:27:56 PM

Along with increases at the pump.
Edpap
Champion Author Pennsylvania

Posts:8,050
Points:1,202,025
Joined:Oct 2011
Message Posted: Jan 10, 2013 1:26:17 PM

Because over half of America is still broke...they should have voted for Romney instead of handouts from Odumbash.
kpacey
All-Star Author Oklahoma

Posts:986
Points:495,635
Joined:May 2012
Message Posted: Jan 10, 2013 1:25:49 PM

Hopefully that means prices will be coming down
SUPERQUACK
Champion Author Sacramento

Posts:6,457
Points:2,590,480
Joined:Jun 2007
Message Posted: Jan 10, 2013 1:23:00 PM

LOWER THE PRICE..... HELP THE ECONOMY
rodzilla123
Champion Author San Diego

Posts:5,648
Points:1,306,065
Joined:Jul 2008
Message Posted: Jan 10, 2013 1:21:10 PM

YEP!!!!!
Bud122CA
Champion Author California

Posts:10,320
Points:2,404,220
Joined:Jul 2008
Message Posted: Jan 10, 2013 1:20:55 PM

Gas storage up and selling less, export more to other countries and keep our prices up. Whoes side are they on???
Catfish93001
Champion Author Ventura

Posts:1,318
Points:345,515
Joined:Jun 2008
Message Posted: Jan 10, 2013 1:19:49 PM

old news.
GManCo
Champion Author Colorado Springs

Posts:8,260
Points:1,770,435
Joined:Sep 2010
Message Posted: Jan 10, 2013 1:17:53 PM

Prices are dropping.
wshutton
Champion Author Albuquerque

Posts:5,012
Points:1,717,510
Joined:Mar 2009
Message Posted: Jan 10, 2013 1:16:53 PM

I'm certain Romney's Republican speculator buddies will make certain retail prices won't drop.
ultm8opie
Champion Author Twin Cities

Posts:2,221
Points:540,795
Joined:Jan 2011
Message Posted: Jan 10, 2013 1:08:31 PM

so prices should drop!
checkitnow
Champion Author Atlanta

Posts:2,791
Points:1,231,910
Joined:Aug 2010
Message Posted: Jan 10, 2013 1:08:23 PM

pump prices have risen almost 30cents around here...
NorthglennBill
Champion Author Denver

Posts:10,671
Points:2,263,525
Joined:Oct 2008
Message Posted: Jan 10, 2013 1:06:39 PM

Price of gasoline continues to fall in this area. Great news!
MDTDriver
Champion Author California

Posts:11,947
Points:2,953,525
Joined:Jul 2006
Message Posted: Jan 10, 2013 1:05:12 PM

But will we see it at the pump?
arcaneradio
Champion Author Michigan

Posts:3,016
Points:594,165
Joined:Dec 2010
Message Posted: Jan 10, 2013 1:03:52 PM

whatever
dacofa
Champion Author Nevada

Posts:5,551
Points:1,227,930
Joined:Jan 2010
Message Posted: Jan 10, 2013 1:03:33 PM

Rationing soon. You watch
outlaw329
Champion Author Austin

Posts:10,525
Points:2,091,185
Joined:Aug 2008
Message Posted: Jan 10, 2013 1:02:42 PM

Prices rising here!
VernonOR
Champion Author Oregon

Posts:6,059
Points:1,522,850
Joined:Aug 2010
Message Posted: Jan 10, 2013 1:02:13 PM

Not going down in my home town.
Emmamae1
Champion Author Illinois

Posts:6,612
Points:1,398,085
Joined:Oct 2011
Message Posted: Jan 10, 2013 1:01:50 PM

hopefully prices come down.
boatcrazyinme
Champion Author Maine

Posts:2,018
Points:628,295
Joined:Apr 2010
Message Posted: Jan 10, 2013 12:59:05 PM

same @#$%Z diffrence day!
idigau22
Champion Author Washington

Posts:27,763
Points:3,922,715
Joined:Apr 2003
Message Posted: Jan 10, 2013 12:57:15 PM

$3.59 per gallon in my area.
skysteve1
Champion Author Victoria

Posts:4,691
Points:1,202,640
Joined:Jul 2011
Message Posted: Jan 10, 2013 12:56:42 PM

still steady here
mageetp
Champion Author British Columbia

Posts:6,475
Points:1,429,180
Joined:Aug 2011
Message Posted: Jan 10, 2013 12:56:31 PM

old post.
greenfog
Champion Author Illinois

Posts:9,847
Points:2,438,710
Joined:Feb 2008
Message Posted: Jan 10, 2013 12:56:15 PM

prices went up 20 cents here yesterday. of course gas inventories have increased, people are out of work and with the limited income they have they can buy gas or heat their home.
paulweb
Champion Author Ohio

Posts:3,638
Points:1,048,570
Joined:May 2011
Message Posted: Jan 10, 2013 12:56:15 PM

Prices jumped 20 cents in east-central OH.
Toppers
Champion Author Atlanta

Posts:12,317
Points:3,292,975
Joined:Mar 2005
Message Posted: Jan 10, 2013 12:51:49 PM

Prices rocketed after Christmas but have stabilized the past week in ATL
uglytom
Champion Author Florida

Posts:7,464
Points:1,542,015
Joined:Jul 2007
Message Posted: Jan 10, 2013 12:50:24 PM

Nevertheless, gas prices jumping up here like a kangaroo would!
Could speculators be controlling the prices?
91Hilux
Champion Author New Haven

Posts:3,370
Points:1,396,085
Joined:Aug 2007
Message Posted: Jan 10, 2013 12:50:22 PM

Doesn't matter, prices are still creeping up in CT.

This is direct price gouging and supply manipulation by Big Oil.
HEBster
Champion Author Kentucky

Posts:12,031
Points:3,173,790
Joined:May 2006
Message Posted: Jan 10, 2013 12:49:06 PM

& prices have stabilized in KY
EVBuddy
Champion Author Nevada

Posts:19,783
Points:3,761,885
Joined:Sep 2004
Message Posted: Jan 10, 2013 12:48:04 PM

Small change not massive
IMLURCH
Champion Author Minnesota

Posts:5,512
Points:1,904,550
Joined:Mar 2009
Message Posted: Jan 10, 2013 12:44:21 PM

more inventory up, oil prices semi stable and gas prices going up in Chicago area. That is bull. Greedy As******
Post a reply Back to Topics