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GasBuddy News Article

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EIA: Crude, gasoline inventories drop, so does refinery production

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 2.4 million barrels to a total of 365.2 million barrels. At 365.2 million barrels, inventories are 24.2 million barrels above last year (7.1%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 0.5 million barrels to 195.8 million barrels. At 195.8 million barrels, inventories are down 19.0 million barrels, or 8.9% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-1.0mb);...


Read the Full Article

Submitted Sep 26, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Crude, gasoline inventories drop, so does refinery production Back to Topics
REPLIES (newest first) Post a Reply
repseng
Sophomore Author Twin Cities

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Message Posted: Sep 30, 2012 1:28:58 PM

K
honda0105
Champion Author Tallahassee

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Message Posted: Sep 30, 2012 8:47:11 AM

inventories are no indicator of prices at the pump. Pieces of useless information.
BIGOILEATURCRUD
Champion Author North Carolina

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Message Posted: Sep 27, 2012 3:59:48 PM

The shortest day of the year will be the winter solstice.
repseng
Sophomore Author Twin Cities

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Message Posted: Sep 27, 2012 3:24:27 PM

K
repseng
Sophomore Author Twin Cities

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Message Posted: Sep 27, 2012 3:24:12 PM

K
sparky808
Champion Author Honolulu

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Message Posted: Sep 27, 2012 1:23:31 PM

old post.
mrjames1818
Champion Author New Jersey

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Message Posted: Sep 27, 2012 12:28:11 PM

What a bunch of BS - cut refinery production - keep cost of gas up - export excess oil. And we give these companies tax breaks!!!!
puinsai808
Champion Author Honolulu

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Message Posted: Sep 27, 2012 11:11:36 AM

old
OldMan322
Champion Author Illinois

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Message Posted: Sep 27, 2012 8:28:47 AM

And Oil production is the highest since 1997, beware of numbers that lie
jcdakota
Champion Author Baltimore

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Message Posted: Sep 27, 2012 7:22:21 AM

Great oil prices are dropping so the industry drops production of refineries to gouge the public !!!
nb52
Champion Author Grand Rapids

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Message Posted: Sep 27, 2012 6:27:40 AM

Pump price still near $4.
Jeffro61
Champion Author Cleveland

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Message Posted: Sep 27, 2012 6:19:17 AM

Ok
fillerupyeoww
Champion Author Columbus

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Message Posted: Sep 27, 2012 6:09:01 AM

If refineries can't, or won't, why do we need all these new pipelines.
smqua
Champion Author Cleveland

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Message Posted: Sep 27, 2012 6:07:26 AM

OK
vamike
Champion Author Virginia

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Message Posted: Sep 27, 2012 6:03:44 AM

Whatever
teamsimons
Champion Author South Carolina

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Message Posted: Sep 27, 2012 6:00:31 AM

Now that Hurricane Isaac is well past, why is refinery production still down? Why are crude oil and gasoline inventories down? This doesn't make sense.

Meanwhile, we're seeing a gradual easing of gas prices in our area -- thank goodness!
D4444J
Champion Author Albuquerque

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Message Posted: Sep 27, 2012 5:56:50 AM

seems any reason raises prices, sun rising might do it!
Pointtx
Champion Author Austin

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Message Posted: Sep 27, 2012 5:56:34 AM

Irrelevant data.
cheapertvs
Champion Author Richmond

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Message Posted: Sep 27, 2012 5:56:29 AM

Ever since BIG OIL started exporting large quantities of refined gasoline elsewhere, we have endured manipulated supply. The best answer to this issue is to nationalize the oil companies in the USA.
LeeFree
Champion Author Pittsburgh

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Message Posted: Sep 27, 2012 5:55:18 AM

Not very encouraging for a price decrease at the pumps.
Petrock
Champion Author Lexington

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Message Posted: Sep 27, 2012 5:55:06 AM

How can oil AND gasoline inventories both drop? Are people driving more? - I think not. Are the oil companies importing less oil, but are sell more refined products overseas? - I suspect so.
DrCashFlow
Champion Author Massachusetts

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Message Posted: Sep 27, 2012 5:54:30 AM

Selective supply
Lengas
Champion Author Gary

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Message Posted: Sep 27, 2012 5:54:09 AM

Big Oil Manipilation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
mk9999
Champion Author Rochester

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Message Posted: Sep 27, 2012 5:52:47 AM

Another excuse to raise prices.
Dailyrun
Champion Author Kentucky

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Message Posted: Sep 27, 2012 5:52:47 AM

So they can justify higher prices.
tco0102
Champion Author Charleston

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Message Posted: Sep 27, 2012 5:48:31 AM

There goes the prices
DavidsChallenge
All-Star Author Louisville

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Message Posted: Sep 27, 2012 5:48:04 AM

Greed
chuckwthompson
Champion Author Charlotte

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Message Posted: Sep 27, 2012 5:48:03 AM

Just another excuse to raise prices.
millerin
Champion Author Orlando

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Message Posted: Sep 27, 2012 5:46:42 AM

hmm...
jeff95519
Champion Author California

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Message Posted: Sep 27, 2012 5:46:19 AM

drill baby drill
Z06KY
Champion Author Louisville

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Message Posted: Sep 27, 2012 5:43:31 AM

Obama!
Boo1989
Champion Author Atlanta

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Message Posted: Sep 27, 2012 5:42:15 AM

"Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." steven chu, obama's energy secretary.
Crumbfel
Champion Author Virginia

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Message Posted: Sep 27, 2012 5:42:06 AM

ok
ILVET
Champion Author Illinois

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Message Posted: Sep 27, 2012 5:40:36 AM

Get use to 4 more years of it
FMREALTOR
Champion Author Florida

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Message Posted: Sep 27, 2012 5:39:58 AM

Anything to keep prices high
joko0
Champion Author New Jersey

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Message Posted: Sep 27, 2012 5:38:41 AM

Always reasons to raise prices
Yankee829
Champion Author Dallas

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Message Posted: Sep 27, 2012 5:37:50 AM

Ok
Foxt
Champion Author Minnesota

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Message Posted: Sep 27, 2012 5:37:35 AM

still going up here.
KhelbenArunson
Champion Author Michigan

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Message Posted: Sep 27, 2012 5:36:04 AM

I think we need to have laws about where they can sell american crude oil to help keep prices down here.
Goofoff
Champion Author Virginia

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Message Posted: Sep 27, 2012 5:35:41 AM

WOW
hawkman1950
Champion Author Michigan

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Message Posted: Sep 27, 2012 5:35:04 AM

Trying to keep supplies tight so they can keep prices up. Quit shipping the stuff to Mexico.
4bobux
Champion Author Peoria

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Message Posted: Sep 27, 2012 5:33:34 AM

big deal...
JoJoQc
Champion Author Montreal

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Message Posted: Sep 27, 2012 5:32:23 AM

Excuses,excuses and more excuses!!!!
kirzon484
Champion Author Atlanta

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Message Posted: Sep 27, 2012 5:30:19 AM

old
billy44bo
Champion Author Mobile

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Message Posted: Sep 27, 2012 5:29:27 AM

same old numbers game
gabisgram
Champion Author Michigan

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Message Posted: Sep 27, 2012 5:28:08 AM

No surprise.
jetlagAK
Champion Author Anchorage

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Message Posted: Sep 27, 2012 5:23:47 AM

Just like with Barackanomics, the people get screwed.
No more hype and chains!
SUPERSTEVIEO
Champion Author Quebec

Posts:3,523
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Message Posted: Sep 27, 2012 5:23:15 AM

just when the prices should drop... we will face an inventory level too low... so prices will at best stay where they are... right?
gaspumpin
Champion Author Indiana

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Message Posted: Sep 27, 2012 5:21:38 AM

And up go the gas prices.
zippy452
Champion Author Cincinnati

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Message Posted: Sep 27, 2012 5:20:08 AM

...and gas prices rise.
SavingInNC
Champion Author North Carolina

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Message Posted: Sep 27, 2012 5:20:05 AM

Look out prices
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