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Author Topic: EIA petroleum supply/export report and what it means Back to Topics
PD
Moderator
Message Posted: Oct 13, 2011 1:09:27 PM

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 increased by 1.3 million barrels to a total of 337.6 million barrels. At 337.6 million barrels, inventories are 22.9 million barrels below last year (-6.4%) and are in the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 4.1 million barrels to 209.6 million barrels. At 209.6 million barrels, inventories are now 8.6 million barrels, or 3.9% lower than last year (last week that number was 2.8% lower). Here's how individual regions and their gasoline inventory fared...

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
krsd
Rookie Author Detroit

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Message Posted: Oct 17, 2011 8:31:32 PM

Just a cover up for GREED
honda0105
Champion Author Tallahassee

Posts:24,041
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Joined:Nov 2008
Message Posted: Oct 15, 2011 7:20:08 AM

part of the high prices at the pump comes from the high corn prices. And now China is falling short of their corn growing amounts, which means, the US and others will export corn to China, making EtOH even more expensive.

Add to that the fact that Pig Oil gets $6 billion in subsidies that are pocketed and not paid back in lower prices, and you know we're getting it from all sides.
nervous
Veteran Author Ventura

Posts:303
Points:6,185
Joined:Oct 2010
Message Posted: Oct 14, 2011 10:48:33 AM

whole sale gasoline was @$2.54+/- and has come back up to $2.80 in just days. the gas station on the corner never made it to $3.50 a gal in so-cal (add a dollar to whole sale in Ca.) it only made it to $3.62 then has risen +$0.06 in just 2 days. the fellow from dutch shell (ret. ceo) said $5 a gal. next year. the energy plan or what energy plan from washington is non existance. i hope all of you that use oil for winter have saved some $$$$ for winter. 10%+ increase in cost.
N5EXY
Champion Author Austin

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Message Posted: Oct 14, 2011 1:04:18 AM

EIA? DOE? DOH!
leraar2
Champion Author Massachusetts

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Message Posted: Oct 14, 2011 12:20:18 AM

prices up at least 5 cents in mass.
jjfisher
All-Star Author Toledo

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Message Posted: Oct 14, 2011 12:14:08 AM

Who do you believe anymore?
TheeRedRam
Champion Author Hartford

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Message Posted: Oct 14, 2011 12:04:15 AM

It is all about the mighty Dollar
DustyHorse
Champion Author Virginia

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Message Posted: Oct 13, 2011 11:56:21 PM

Why are gasoline inventories decreasing? Sounds like market manipulation.
EcoVore
Champion Author Los Angeles

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Message Posted: Oct 13, 2011 11:54:27 PM

Crummy news for us motorists. DOE & Obama's cronies positioning for their socialist subterfuge.
29ModelA
Champion Author Knoxville

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Message Posted: Oct 13, 2011 11:53:37 PM

Gas jumped $0.10/Gal over night.....never comes down like that....they just keep screwing us every which way they can
Canucktree
Champion Author Alberta

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Message Posted: Oct 13, 2011 11:53:31 PM

Wheel see!
traindude
Champion Author Virginia Beach

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Message Posted: Oct 13, 2011 11:51:05 PM

specujibberish
SparkieMi
Champion Author Kalamazoo

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Message Posted: Oct 13, 2011 11:50:01 PM

They raise the price when ever they feel like it...
RoadRover
Champion Author Jacksonville

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Message Posted: Oct 13, 2011 11:47:09 PM

OH, so what you're saying is It's in the upper stages of the lowest amounts for the past year, or maybe two years. American people you'll be glad to hear that gas prices will continue to fluctuate in the near and long term periods. (Did you get all of the BS?) Same thing they are saying.
***Besides we all know OIL and Gas Pricing is NOT BASED upon Supply and Demand any more. It's based in accurate & inaccurate Price Speculation, News, (Whether accurate or Not, & Fixation.

Enjoy the "FOG IN PRINT" Each article like this should have a Disclaimer at the bottom:
"Of course, anything we print, (in this article), is not meant to mean anything. It's just for your enjoyment and to make sure you don't forget how to READ!!"
tomok
Champion Author Portland

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Message Posted: Oct 13, 2011 11:46:46 PM

Crude oil inventories increased, Gasoline inventories decreased, Distillate inventories decreased and Refinery utilization drop 3.5%. Refineries generally operated at less than maximum levels but Canadian and Gulf coast oil refineries operated at higher utilization runs with cheaper crude oil. Total oil stocks in the US are down.
Big oil and U.S. refineries continue to ‘export’ fuel for additional profits.
The price of fuel at the pump is ‘still’ too high!
Holly123
Champion Author Charlotte

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Message Posted: Oct 13, 2011 11:46:07 PM

Blah blah blah. I hate statistics.
rnlunder
Champion Author Waco

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Message Posted: Oct 13, 2011 11:44:30 PM

It still means nothing to me or the average American.
Rednix
Champion Author Miami

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Message Posted: Oct 13, 2011 11:43:05 PM

We need to build up those reserves.
915Chief
Champion Author San Antonio

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Message Posted: Oct 13, 2011 11:39:35 PM

it means higher prices
wyvonne
All-Star Author Chicago

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Message Posted: Oct 13, 2011 11:36:40 PM

Okay
bonzoonfmb
Champion Author Florida

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Message Posted: Oct 13, 2011 11:36:32 PM

How many barrels are at places where we can't get them physically to where we need them or don't have the facilities to refine them?
Gas Thirsty
Champion Author Los Angeles

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Message Posted: Oct 13, 2011 11:35:14 PM

So will gas prices go up or down?
SpankyMI
Champion Author Kalamazoo

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Message Posted: Oct 13, 2011 11:32:50 PM

Who pays for the EIA? the tax payers, or the petroleum companies?
Blue48
Champion Author Illinois

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Message Posted: Oct 13, 2011 11:31:22 PM

ZZZZZZZZZ!
hank1326
Champion Author Los Angeles

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Message Posted: Oct 13, 2011 11:29:57 PM

Time will tell the truth.
f250dieselrat
All-Star Author Florida

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Message Posted: Oct 13, 2011 11:29:40 PM

more reports...
yvonneIL
Champion Author Chicago

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Message Posted: Oct 13, 2011 11:28:24 PM

OK
Archangel00
Champion Author Mississippi

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Message Posted: Oct 13, 2011 11:28:02 PM

yaaaaawwwwwwwwwwwnnnnnnnn
mstearno
Champion Author Dayton

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Message Posted: Oct 13, 2011 11:27:04 PM

it means perry and bachman are right drill here drill now
southrob
Champion Author Tucson

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Message Posted: Oct 13, 2011 11:26:05 PM

it would help the economy if we drilled here and now
dchiou
Champion Author San Jose

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Message Posted: Oct 13, 2011 11:26:00 PM

hmm
puckster5
All-Star Author Toronto

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Message Posted: Oct 13, 2011 11:24:35 PM

its like a yo-yo
Bleeder
Champion Author Virginia

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Message Posted: Oct 13, 2011 11:23:29 PM

Not a very useful report as far as I am concerned.
gasman50
Champion Author Portland

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Message Posted: Oct 13, 2011 11:19:01 PM

UP, down.... Who really knows
tippybuddy
Champion Author Ontario

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Message Posted: Oct 13, 2011 11:18:27 PM

my step son tried to tell me stuff like this wasn't or isn't speculaters...I told him of course it is
sipper85
Champion Author Worcester

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Message Posted: Oct 13, 2011 11:16:40 PM

Of course rational logic does not work here, the Speculators are driving this!
frostyWV
Champion Author West Virginia

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Message Posted: Oct 13, 2011 11:15:41 PM

ok
commins
Champion Author Riverside

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Message Posted: Oct 13, 2011 11:14:30 PM

It just doesn't add up
wulf2000
Champion Author Miami

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Message Posted: Oct 13, 2011 11:13:41 PM

Strategic petroleum reserve still down.
SandeeC
Champion Author Ontario

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Message Posted: Oct 13, 2011 11:10:47 PM

Inventories and prices just don't jive up.
knot2swift
Champion Author Calgary

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Joined:Nov 2009
Message Posted: Oct 13, 2011 11:05:23 PM

Yes I noticed that.

Gas is a mere 15 cents a litre less from it's peak in the spring when oil was $114.Down a whole 8% while oil is down about 25%.
bby
Champion Author Twin Cities

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Message Posted: Oct 13, 2011 11:01:19 PM

this is not fair.
woodeye55
Champion Author Gary

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Message Posted: Oct 13, 2011 10:56:09 PM

gas went up $.28 in one day.
rtw777
Champion Author Florida

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Message Posted: Oct 13, 2011 10:46:54 PM

Gasoline went up .11c in two days.
TelsaOR
Champion Author Oregon

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Message Posted: Oct 13, 2011 10:43:26 PM

And gas prices are going back up.
NorthglennBill
Champion Author Denver

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Message Posted: Oct 13, 2011 10:43:18 PM

Nobody wants to sell oil when the price is at $78 a barrel. There will probably an increasein inventories this week now that the price is back up at or above $85 a barrel.
nigelb
Champion Author Virginia

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Message Posted: Oct 13, 2011 10:42:05 PM

"...the U.S. exported 336,000bpd of gasoline and 881,000bpd of distillates. In total, U.S. refineries exported 2.5 million barrels per DAY of oil and products!"

Notice that! Why drill, drill, drill is NOT the answer and will not lower pump prices!

76chevy
Champion Author Toledo

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Message Posted: Oct 13, 2011 10:39:35 PM

It's getting hard to support their habit.....of taking our money.
altima2008
Champion Author Philadelphia

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Message Posted: Oct 13, 2011 10:33:23 PM

Another report to help raise prices at the pumps!
hwnguy
Champion Author Honolulu

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Message Posted: Oct 13, 2011 10:31:45 PM

Refineries are the bottleneck now.
jwalkerh
Champion Author Louisiana

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Message Posted: Oct 13, 2011 10:30:51 PM

Not surprising that gasoline inventories are down. When the gas prices go down, everyone fills up and as quickly as possible since we know the prices will be going up again very soon.
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