GasBuddy Blog

GasBuddy News Article

votes

Gasoline inventories rise again, refinery utilization jumps

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 1.0 million barrels to a total of 371.6 million barrels. At 371.6 million barrels, inventories are 48.1 million barrels above last year (14.9%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 2.2 million barrels to 219.3 million barrels. At 219.3 million barrels, inventories are down 0.9 million barrels, or 0.4% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.5mb); Midwest...

Read the Full Article

Submitted Dec 19, 2012 By: PD

Back To News

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

Author	Topic: Gasoline inventories rise again, refinery utilization jumps	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

djwhit Champion Author Ohio Posts:3,002 Points:1,206,505 Joined:Jul 2009	Message Posted: Dec 24, 2012 11:20:07 PM Ignore djwhit Report Abuse it fix
Gas4Gore Champion Author Detroit Posts:2,411 Points:421,925 Joined:Jan 2010	Message Posted: Dec 21, 2012 11:53:17 PM Ignore Gas4Gore Report Abuse Yea.
Donatelo Champion Author Dayton Posts:1,121 Points:292,685 Joined:Apr 2011	Message Posted: Dec 21, 2012 2:31:48 PM Ignore Donatelo Report Abuse CURRENT TECHNOLOGY COULD INCREASE MILEAGE OF CARS, WE NEED INNOVATION AND HIGHER FUEL STANDARDS.
07skydriver Champion Author Ohio Posts:3,255 Points:982,130 Joined:Feb 2009	Message Posted: Dec 20, 2012 7:14:58 PM Ignore 07skydriver Report Abuse Just stay home.
OldMan322 Champion Author Illinois Posts:5,150 Points:1,593,765 Joined:Jul 2008	Message Posted: Dec 20, 2012 10:41:29 AM Ignore OldMan322 Report Abuse "Shaduu" Why yes, a storm is coming and the gouge is on
Shaduu Veteran Author Twin Cities Posts:318 Points:84,960 Joined:Apr 2005	Message Posted: Dec 20, 2012 9:25:25 AM Ignore Shaduu Report Abuse And the gas prices are going up.
gravityhurts Champion Author North Carolina Posts:4,088 Points:936,530 Joined:Sep 2008	Message Posted: Dec 20, 2012 7:21:08 AM Ignore gravityhurts Report Abuse Ok
Ziggy1962 Champion Author New Jersey Posts:5,741 Points:1,809,710 Joined:Aug 2006	Message Posted: Dec 20, 2012 5:05:39 AM Ignore Ziggy1962 Report Abuse Old news.
jeff95519 Champion Author California Posts:2,447 Points:1,353,265 Joined:Sep 2008	Message Posted: Dec 20, 2012 5:02:07 AM Ignore jeff95519 Report Abuse good deal
gabbygusIN Champion Author Indiana Posts:7,231 Points:1,558,900 Joined:Oct 2008	Message Posted: Dec 20, 2012 4:59:40 AM Ignore gabbygusIN Report Abuse Waiting for the Christmas price spike to set in....
Bonanza Champion Author Boston Posts:12,081 Points:2,550,030 Joined:Jun 2004	Message Posted: Dec 20, 2012 4:59:24 AM Ignore Bonanza Report Abuse Yesterday's news
jetlagAK Champion Author Anchorage Posts:2,251 Points:635,675 Joined:Jan 2010	Message Posted: Dec 20, 2012 4:55:20 AM Ignore jetlagAK Report Abuse Barackanomics: price goes up
hybridaholic Champion Author Appleton Posts:8,360 Points:1,555,590 Joined:Dec 2008	Message Posted: Dec 20, 2012 4:53:38 AM Ignore hybridaholic Report Abuse Just because their making a lot of gas doesn't mean the price is going down.
no_monkey2002 Champion Author Tallahassee Posts:8,415 Points:2,070,200 Joined:Mar 2006	Message Posted: Dec 20, 2012 4:53:04 AM Ignore no_monkey2002 Report Abuse so our prices at the pump should be $2.50 max
getalong All-Star Author California Posts:796 Points:149,190 Joined:Aug 2007	Message Posted: Dec 20, 2012 4:52:54 AM Ignore getalong Report Abuse the numbers are just to big for me to comprehend.
TravelinMan52 Champion Author Augusta Posts:1,920 Points:962,670 Joined:May 2008	Message Posted: Dec 20, 2012 4:52:40 AM Ignore TravelinMan52 Report Abuse Will all of this make the pump prices fall any faster??
lpatti1 Champion Author Philadelphia Posts:10,196 Points:1,962,285 Joined:Sep 2005	Message Posted: Dec 20, 2012 4:49:56 AM Ignore lpatti1 Report Abuse Great news, when does it affect the prices to come down? Not soon enough!
TIGERPAW46 Champion Author Florida Posts:7,120 Points:1,353,810 Joined:Mar 2004	Message Posted: Dec 20, 2012 4:49:50 AM Ignore TIGERPAW46 Report Abuse Crude usually decreases when Refinery output increases. Just converting more & faster for a time. It all comes out in the wash. later the crude will catch up or the refineries will decrease allowing crude inv. to increase. Unless one or the other pulls a slow down or maint etc.
bassakwards007 Champion Author Orange County Posts:1,127 Points:243,245 Joined:Aug 2012	Message Posted: Dec 20, 2012 4:48:13 AM Ignore bassakwards007 Report Abuse good
janda8611 Sophomore Author Michigan Posts:213 Points:141,260 Joined:Aug 2012	Message Posted: Dec 20, 2012 4:46:41 AM Ignore janda8611 Report Abuse I hope they keep dropping throughout the holidays.
ChuckSizzle Rookie Author Michigan Posts:1 Points:4,770 Joined:Dec 2005	Message Posted: Dec 20, 2012 4:44:20 AM Ignore ChuckSizzle Report Abuse Whatever the reason it's nice to see prices dipping below $3 here in west Michigan, for a while.
TommyTraveler Champion Author Cincinnati Posts:8,674 Points:1,697,330 Joined:Nov 2007	Message Posted: Dec 20, 2012 4:40:35 AM Ignore TommyTraveler Report Abuse The economy says its still very bad with these figures but the Whitehouse cooks the books and lies to us that things are just fine.
tomok Champion Author Portland Posts:32,985 Points:2,344,535 Joined:Aug 2006	Message Posted: Dec 20, 2012 4:38:48 AM Ignore tomok Report Abuse Gasoline inventories rise again, refinery utilization jumps and may it lower fuel prics at the pump. Crude oil inventories decreased, Gasoline inventories increased, Distillate inventories decreased, Refinery utilization incrreased 1.1% from last week numbers, Total US oil stocks are up 5.7% over last year. Crude oil inventories have decreased, Gasoline inventories increased, US oil stocks increased but there are still high fuel prices at the pump but prices are slowly improving to more reasonable prices. The fuel prices at the pump should be lower to help the economy recover more! More Refineries are Not the answer, Stop exporting that fuel is! Big Oil and Big Gas continues to sell fuel and natural gas on the world market for higher prices. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! 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. The price at the pump needs to go down to $2/gallon - $3, $3.50/gallon or *$4.00 is Not the new low! Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ 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!
joko0 Champion Author New Jersey Posts:1,965 Points:564,640 Joined:Oct 2008	Message Posted: Dec 20, 2012 4:37:03 AM Ignore joko0 Report Abuse I agree ticoman54
Ticoman54 Champion Author Miami Posts:7,041 Points:1,491,045 Joined:Oct 2008	Message Posted: Dec 20, 2012 4:33:45 AM Ignore Ticoman54 Report Abuse Prices are too high to have these huge inventory levels. The GREED continues...
fratt Champion Author Grand Rapids Posts:9,820 Points:2,643,955 Joined:Jul 2005	Message Posted: Dec 20, 2012 4:33:38 AM Ignore fratt Report Abuse Good news.
twobroke61 Champion Author Michigan Posts:8,375 Points:1,588,285 Joined:Sep 2008	Message Posted: Dec 20, 2012 4:32:58 AM Ignore twobroke61 Report Abuse good news
RockCity Champion Author Denver Posts:7,905 Points:1,426,885 Joined:Mar 2009	Message Posted: Dec 20, 2012 4:31:48 AM Ignore RockCity Report Abuse Very good news I presume, perhaps.
bby Champion Author Twin Cities Posts:5,719 Points:1,020,945 Joined:Nov 2009	Message Posted: Dec 20, 2012 4:30:11 AM Ignore bby Report Abuse good news
BigDogOH Champion Author Cincinnati Posts:8,498 Points:1,806,845 Joined:Mar 2008	Message Posted: Dec 20, 2012 4:27:03 AM Ignore BigDogOH Report Abuse Is gas going up again in time for Christmas?
SavingInNC Champion Author North Carolina Posts:5,783 Points:1,092,490 Joined:Oct 2006	Message Posted: Dec 20, 2012 4:23:01 AM Ignore SavingInNC Report Abuse A bunch of games they play
RichWLIN Champion Author Indiana Posts:4,089 Points:637,890 Joined:Jun 2011	Message Posted: Dec 20, 2012 4:15:35 AM Ignore RichWLIN Report Abuse Here we go again.
Runabout2 Veteran Author Grand Rapids Posts:380 Points:46,915 Joined:Jul 2007	Message Posted: Dec 20, 2012 4:10:43 AM Ignore Runabout2 Report Abuse If you remember prices did this last year then they created a so called shortage and "Bamm" went up over $.30 in one day !
tidalwave3 Champion Author Tallahassee Posts:1,299 Points:1,462,675 Joined:Jun 2008	Message Posted: Dec 20, 2012 4:05:13 AM Ignore tidalwave3 Report Abuse THE EAST GETTING BACK TO THEIR MEASLY 80% CAPACITY :/
Rick52 Champion Author Milwaukee Posts:12,024 Points:1,197,670 Joined:Mar 2005	Message Posted: Dec 20, 2012 4:04:49 AM Ignore Rick52 Report Abuse Good...Then prices should continue to Fall..
nomad228 Champion Author Columbus Posts:3,117 Points:575,140 Joined:Feb 2011	Message Posted: Dec 20, 2012 4:03:17 AM Ignore nomad228 Report Abuse that's because 43 percent of U.S. still can't afford 2.90 gas prices. and now their seeing it.(big oil is seeing it also).
Lairre Champion Author Sacramento Posts:3,005 Points:187,160 Joined:Oct 2012	Message Posted: Dec 20, 2012 4:01:49 AM Ignore Lairre Report Abuse This is nothing but the EIA juggling numbers.
CiVX Champion Author Oakland Posts:7,050 Points:1,358,610 Joined:Feb 2009	Message Posted: Dec 20, 2012 4:01:32 AM Ignore CiVX Report Abuse OK what are they plotting now?
DisMusBeDaPlaz Champion Author Tampa Posts:2,405 Points:566,445 Joined:Sep 2011	Message Posted: Dec 20, 2012 4:00:56 AM Ignore DisMusBeDaPlaz Report Abuse To some degree, there is reasonable stabilization.
iFueler Champion Author Durham Posts:64,353 Points:177,550 Joined:Nov 2012	Message Posted: Dec 20, 2012 3:57:23 AM Ignore iFueler Report Abuse and the affect on prices will be realized when
teamsimons Champion Author South Carolina Posts:2,468 Points:501,145 Joined:Aug 2011	Message Posted: Dec 20, 2012 3:56:44 AM Ignore teamsimons Report Abuse Another inventory has come, but it probably means nothing regarding gas prices.
FocusST2 Champion Author North Carolina Posts:8,138 Points:1,377,950 Joined:Jul 2009	Message Posted: Dec 20, 2012 3:53:28 AM Ignore FocusST2 Report Abuse Still waiting to see $3 a gallon or less here locally.
Pozole Champion Author Portland Posts:9,591 Points:1,593,545 Joined:Mar 2005	Message Posted: Dec 20, 2012 3:52:13 AM Ignore Pozole Report Abuse ...have these numbers ever made any difference ?...
1Boog Champion Author Lincoln Posts:5,966 Points:1,199,950 Joined:May 2004	Message Posted: Dec 20, 2012 3:50:03 AM Ignore 1Boog Report Abuse with numbers like these prices should be hitting rock bottom any day now.....oh I forgot....big oil still needs to have a good Christmas!
twt Champion Author Virginia Beach Posts:8,724 Points:996,660 Joined:Mar 2005	Message Posted: Dec 20, 2012 3:44:14 AM Ignore twt Report Abuse More "Government" numbers, to appease the sheeple.
madison8359 Champion Author Cleveland Posts:9,014 Points:1,592,320 Joined:Apr 2008	Message Posted: Dec 20, 2012 3:43:49 AM Ignore madison8359 Report Abuse And I care because?
VB_Richard Champion Author Virginia Beach Posts:1,653 Points:350,845 Joined:Dec 2011	Message Posted: Dec 20, 2012 3:41:11 AM Ignore VB_Richard Report Abuse OK
1fulltank Champion Author Buffalo Posts:7,898 Points:1,543,335 Joined:Nov 2008	Message Posted: Dec 20, 2012 3:40:48 AM Ignore 1fulltank Report Abuse More NUMB3RS.
lgwhitlock Champion Author Chico Posts:7,380 Points:1,684,520 Joined:Jun 2008	Message Posted: Dec 20, 2012 3:35:25 AM Ignore lgwhitlock Report Abuse Another week another government sponsored speculation report...
Quick68 Champion Author Columbus Posts:8,218 Points:1,224,825 Joined:Dec 2009	Message Posted: Dec 20, 2012 3:31:47 AM Ignore Quick68 Report Abuse Gasoline inventories mean nothing. It's what's at the pump that counts.