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Feds report on petroleum reflects east & west coast refinery struggles

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 decreased by 2.0 million barrels to a total of 373.1 million barrels. At 373.1 million barrels, inventories are 33.6 million barrels above last year (9.9%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 0.9 million barrels to 199.5 million barrels. At 199.5 million barrels, inventories are down 6.8 million barrels, or 3.3% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.2mb...

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Submitted Nov 01, 2012 By: PD

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PetroScopper Champion Author Houston Posts:6,760 Points:1,577,635 Joined:Aug 2008	Message Posted: Nov 6, 2012 4:22:09 AM Ignore PetroScopper Report Abuse I don't think that will have any affect on the prices we will pay at the pump either way.
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Nov 5, 2012 6:09:30 AM Ignore honda0105 Report Abuse lots of refinery struggling is self-inflicted. Do some more preventative maintenance and many of the problems won't happen.
swenglar Rookie Author Texas Posts:94 Points:59,790 Joined:Jul 2011	Message Posted: Nov 4, 2012 10:28:48 PM Ignore swenglar Report Abuse alrighty then
boldrph Champion Author Topeka Posts:18,533 Points:3,478,590 Joined:Oct 2002	Message Posted: Nov 2, 2012 5:31:02 PM Ignore boldrph Report Abuse what will the market do?
wshutton Champion Author Los Angeles Posts:1,810 Points:951,875 Joined:Mar 2009	Message Posted: Nov 2, 2012 10:59:58 AM Ignore wshutton Report Abuse K
NAZCA Rookie Author California Posts:9 Points:2,065 Joined:Oct 2012	Message Posted: Nov 2, 2012 10:33:48 AM Ignore NAZCA Report Abuse OK
OldMan322 Champion Author Illinois Posts:5,287 Points:1,622,130 Joined:Jul 2008	Message Posted: Nov 2, 2012 8:02:55 AM Ignore OldMan322 Report Abuse Just an excuse to keep prices up
smokinjoe54 Champion Author Ohio Posts:4,832 Points:933,290 Joined:Feb 2010	Message Posted: Nov 2, 2012 6:22:15 AM Ignore smokinjoe54 Report Abuse Whatever.
Tanner_1 Champion Author Virginia Beach Posts:1,544 Points:472,075 Joined:Nov 2011	Message Posted: Nov 2, 2012 6:04:13 AM Ignore Tanner_1 Report Abuse O.K.
SOLONGCOLD Champion Author Ann Arbor Posts:1,156 Points:284,385 Joined:Nov 2010	Message Posted: Nov 2, 2012 6:03:58 AM Ignore SOLONGCOLD Report Abuse blah blah blah
74celica Champion Author Columbus Posts:1,570 Points:1,837,400 Joined:May 2006	Message Posted: Nov 2, 2012 6:02:49 AM Ignore 74celica Report Abuse just another excuse to keep prices up
daequitz Champion Author New Jersey Posts:6,442 Points:1,410,055 Joined:Jan 2007	Message Posted: Nov 2, 2012 6:02:23 AM Ignore daequitz Report Abuse Still enough.
smqua Champion Author Cleveland Posts:1,752 Points:605,425 Joined:Mar 2011	Message Posted: Nov 2, 2012 6:02:06 AM Ignore smqua Report Abuse Old
rjd1608 Champion Author Toledo Posts:5,501 Points:1,957,705 Joined:Aug 2003	Message Posted: Nov 2, 2012 6:00:28 AM Ignore rjd1608 Report Abuse yesterdays news
Z06KY Champion Author Louisville Posts:5,286 Points:933,415 Joined:Nov 2010	Message Posted: Nov 2, 2012 5:57:08 AM Ignore Z06KY Report Abuse ok
FocusST2 Champion Author North Carolina Posts:8,283 Points:1,406,625 Joined:Jul 2009	Message Posted: Nov 2, 2012 5:56:38 AM Ignore FocusST2 Report Abuse Of course.
Lengas Champion Author Gary Posts:13,698 Points:2,745,475 Joined:Nov 2004	Message Posted: Nov 2, 2012 5:56:37 AM Ignore Lengas Report Abuse Big Oil MANIPILATION
DrivingFool2 Champion Author Appleton Posts:8,727 Points:1,633,565 Joined:Apr 2005	Message Posted: Nov 2, 2012 5:56:10 AM Ignore DrivingFool2 Report Abuse Yada yada
Petrock Champion Author Lexington Posts:9,263 Points:2,585,460 Joined:Apr 2005	Message Posted: Nov 2, 2012 5:55:37 AM Ignore Petrock Report Abuse Increasing gasoline inventories would indicate that refineries are keeping up - but I guess they can always spin it some way to justify raising prices.
cheapertvs Champion Author Richmond Posts:10,430 Points:2,769,420 Joined:Jan 2004	Message Posted: Nov 2, 2012 5:53:38 AM Ignore cheapertvs Report Abuse So when will the price at the pump drop?
scubadaniel Champion Author Dayton Posts:1,556 Points:719,525 Joined:Jan 2011	Message Posted: Nov 2, 2012 5:53:29 AM Ignore scubadaniel Report Abuse The prices should have gone up. Somebody is keeping them down. Who would do that this close to the election?
RADIOCANADA499 Champion Author Ontario Posts:2,478 Points:804,630 Joined:Aug 2005	Message Posted: Nov 2, 2012 5:51:14 AM Ignore RADIOCANADA499 Report Abuse ok
LeeFree Champion Author Pittsburgh Posts:9,291 Points:2,271,150 Joined:Jun 2005	Message Posted: Nov 2, 2012 5:49:40 AM Ignore LeeFree Report Abuse Pump prices stable here in spite of all the mayhem this week.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:576,480 Joined:Mar 2006	Message Posted: Nov 2, 2012 5:47:05 AM Ignore Dodge_Me Report Abuse Hmm
mazdaboy Champion Author Portland Posts:8,029 Points:2,125,955 Joined:Aug 2003	Message Posted: Nov 2, 2012 5:45:17 AM Ignore mazdaboy Report Abuse It's a roll of the dice.
hogfan24 Champion Author Arkansas Posts:2,123 Points:529,925 Joined:Dec 2011	Message Posted: Nov 2, 2012 5:42:26 AM Ignore hogfan24 Report Abuse Ok
Maintroll Champion Author Lexington Posts:8,774 Points:1,730,835 Joined:Aug 2008	Message Posted: Nov 2, 2012 5:37:31 AM Ignore Maintroll Report Abuse As I have previously said, a piece of paper or a computer will sit right there and let you print anything on it.
RichWLIN Champion Author Indiana Posts:4,250 Points:666,565 Joined:Jun 2011	Message Posted: Nov 2, 2012 5:37:11 AM Ignore RichWLIN Report Abuse There's that Orwellian term again: "Energy Information Administration". The blog articles either have little or nothing to do with gas prices, or are statistical data ostensibly intended to describe, and perhaps influence, the ups and down of the market.
epf Champion Author Grand Rapids Posts:6,474 Points:1,919,035 Joined:May 2004	Message Posted: Nov 2, 2012 5:36:41 AM Ignore epf Report Abuse And around and around we go.
danny999 Champion Author Florida Posts:8,863 Points:1,666,760 Joined:Oct 2008	Message Posted: Nov 2, 2012 5:35:14 AM Ignore danny999 Report Abuse And local stations are still overcharging.Why 80/85 cents per gallon over Comex?
neptune2008 Champion Author Michigan Posts:8,711 Points:1,697,200 Joined:Aug 2008	Message Posted: Nov 2, 2012 5:32:53 AM Ignore neptune2008 Report Abuse flipflopflipflop....and we pay
Ziggy1962 Champion Author New Jersey Posts:6,097 Points:1,838,385 Joined:Aug 2006	Message Posted: Nov 2, 2012 5:31:00 AM Ignore Ziggy1962 Report Abuse O boy.
hybridaholic Champion Author Appleton Posts:8,505 Points:1,584,265 Joined:Dec 2008	Message Posted: Nov 2, 2012 5:30:08 AM Ignore hybridaholic Report Abuse Manipulation.
smenzel Champion Author Seattle Posts:2,180 Points:1,131,955 Joined:Mar 2007	Message Posted: Nov 2, 2012 5:28:53 AM Ignore smenzel Report Abuse ok
Foxt Champion Author Minnesota Posts:5,400 Points:2,048,030 Joined:Jul 2006	Message Posted: Nov 2, 2012 5:25:37 AM Ignore Foxt Report Abuse They're still working but their will come a time the need for them just won't be there.
pbear316 Champion Author Akron Posts:2,160 Points:704,390 Joined:Apr 2011	Message Posted: Nov 2, 2012 5:24:26 AM Ignore pbear316 Report Abuse Ok
AvantiMick Champion Author Indiana Posts:12,880 Points:2,570,205 Joined:Dec 2005	Message Posted: Nov 2, 2012 5:24:07 AM Ignore AvantiMick Report Abuse Supply and demand no longer dictate gas prices, oil company greed does.
Chem60 Champion Author Tallahassee Posts:4,024 Points:840,750 Joined:Oct 2010	Message Posted: Nov 2, 2012 5:24:04 AM Ignore Chem60 Report Abuse Both BoernerWatch and jcurley make great points.
bassakwards007 Champion Author Orange County Posts:1,271 Points:271,900 Joined:Aug 2012	Message Posted: Nov 2, 2012 5:23:37 AM Ignore bassakwards007 Report Abuse Here we go. Fasten ye ol seat belt.
BoerneWatch Champion Author San Antonio Posts:15,687 Points:2,481,640 Joined:Oct 2005	Message Posted: Nov 2, 2012 5:21:33 AM Ignore BoerneWatch Report Abuse Yes, our prices will go down but we are no longer the controllers of the price of gas and oil. Since we now export more and more refined products, it is now the world price that determines much of what we pay for gas.
jcurley Champion Author California Posts:8,018 Points:1,801,520 Joined:Dec 2007	Message Posted: Nov 2, 2012 5:17:46 AM Ignore jcurley Report Abuse unfortunately, oil and gas prices reflect GLOBAL supply and demand, and there's little we can do, as consumers, to change that, except switch over to "fuels" for our transportation needs, that do not come from oil.
Bus936 Champion Author Lexington Posts:16,584 Points:3,247,705 Joined:May 2004	Message Posted: Nov 2, 2012 5:17:02 AM Ignore Bus936 Report Abuse Oh, I am crying tears as big as an elephant because of their struggles.
turbodog Champion Author Mississippi Posts:6,891 Points:1,389,165 Joined:Feb 2009	Message Posted: Nov 2, 2012 5:16:54 AM Ignore turbodog Report Abuse Time for diesel
vamike Champion Author Virginia Posts:5,451 Points:1,391,975 Joined:Dec 2008	Message Posted: Nov 2, 2012 5:16:34 AM Ignore vamike Report Abuse Yawn
Tiput Champion Author Ottawa Posts:1,980 Points:461,125 Joined:Jul 2011	Message Posted: Nov 2, 2012 5:13:25 AM Ignore Tiput Report Abuse ok
VB_Richard Champion Author Virginia Beach Posts:1,798 Points:379,520 Joined:Dec 2011	Message Posted: Nov 2, 2012 5:09:11 AM Ignore VB_Richard Report Abuse Yes, the tides rise and fall.
joko0 Champion Author New Jersey Posts:2,106 Points:592,340 Joined:Oct 2008	Message Posted: Nov 2, 2012 5:07:41 AM Ignore joko0 Report Abuse these reports will be spun to raise prices
Bildawg Champion Author Ohio Posts:1,091 Points:504,245 Joined:Oct 2011	Message Posted: Nov 2, 2012 5:07:29 AM Ignore Bildawg Report Abuse oh boy
ED6 Champion Author Riverside Posts:9,594 Points:1,872,940 Joined:Jul 2007	Message Posted: Nov 2, 2012 5:06:58 AM Ignore ED6 Report Abuse K
Nancy&Len Champion Author Cleveland Posts:2,178 Points:1,970,590 Joined:Sep 2004	Message Posted: Nov 2, 2012 5:06:29 AM Ignore Nancy&Len Report Abuse As mentioned before a waste of useless words.