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GasBuddy News Article

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EIA: Crude oil and gasoline inventories both decline

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 1.5 million barrels to a total of 374.5 million barrels. At 374.5 million barrels, inventories are 43.7 million barrels above last year (13.2%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.5 million barrels to 200.4 million barrels. At 200.4 million barrels, inventories are down 9.2 million barrels, or 4.4% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.0mb); Midwest...


Read the Full Article

Submitted Nov 21, 2012 By: PD
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Author Topic: EIA: Crude oil and gasoline inventories both decline Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Nov 26, 2012 5:54:30 AM

benjy: or....?
benjy
Champion Author Chicago

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Message Posted: Nov 25, 2012 10:14:33 AM

and?
honda0105
Champion Author Tallahassee

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Message Posted: Nov 25, 2012 8:05:40 AM

yawn....
nsdp
Champion Author San Antonio

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Message Posted: Nov 22, 2012 10:53:26 PM

I never cease to be amazed. Exports of refined products are done 100% with foreign oil, Mexico and Trinidad and Tobago. Weekly changes are meaningless usually due to the timing of tanker unloading and loading. If you saw something like this for 4 or 5 weeks it MIGHT have some meaning. We are also at the time of year where refineries and terminals start to shuffle the deck to minimize property taxes. Product on ships at sea beyond the 12 mile limit don't count for property tax purposes.

If you want to shut down export of refined products I think you should personally taxed for and pay the unemployment benefits for the OCAW workers on temporary layoff. If Mexico and Trinidad and Tobago can't refine their extra crude here they can send it to Cuba instead. You guys like Fidel that much? We can get you Hero of the 26th of July awards if you want. How about that Comrades?

[Edited by: nsdp at 11/22/2012 10:57:19 PM EST]
rbrowdersr
Champion Author Detroit

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Message Posted: Nov 22, 2012 10:53:29 AM

Sure they did.
DYSKYPILOT
Champion Author Fort Worth

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Message Posted: Nov 22, 2012 5:10:56 AM

Put a tariff on exports. lower gas to $2.00.
mrjames1818
Champion Author New Jersey

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Message Posted: Nov 22, 2012 5:09:10 AM

Excuse for a holiday "bump"
Tiput
Champion Author Ottawa

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Message Posted: Nov 22, 2012 5:04:39 AM

ok
tomok
Champion Author Portland

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Message Posted: Nov 22, 2012 5:02:02 AM

Crude oil inventories decreased, Gasoline inventories decreased, Distillate inventories decreased, Refinery utilization up 1.5% from last week numbers, Total US oil stocks are up 4.9% over last year.
Crude oil inventories have decreased, Gasoline inventories decreased, US oil stocks increased but there are still high fuel prices at the pump? The fuel prices at the pump should be lower to help the economy recover! More Refineries are Not the answer, stop exporting that fuel is!
Are the fuel prices at the pump Not high enough already, restrict the production of fuel to raise those prices at the pump?
Big Oil and Big Gas continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. '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!
Royski
Champion Author Los Angeles

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Message Posted: Nov 22, 2012 4:57:44 AM

Lots of inventory: now send some to California and the Jersey shore.
mossimo36
Champion Author St. Louis

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Message Posted: Nov 22, 2012 4:56:07 AM

The prices spiked here and now they are down 14 cents in one day. Price gouging!
Bubba44612
Champion Author Ohio

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Message Posted: Nov 22, 2012 4:51:05 AM

Well with the price spike Tuesday around here I hope they drown in their gas and diesel.
wegman
Champion Author Twin Cities

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Message Posted: Nov 22, 2012 4:50:11 AM

NOT particularly good news.
Brucevanf
Champion Author New Brunswick

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Message Posted: Nov 22, 2012 4:46:31 AM

Here comes some more gouging
scott121
Rookie Author Orange County

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Message Posted: Nov 22, 2012 4:43:42 AM

time to get a prius lol
Bill100
Champion Author Grand Rapids

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Message Posted: Nov 22, 2012 4:43:34 AM

Up, up, and awayyyyy....

So sayeth the speculators.
mabrams184
Champion Author Lexington

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Message Posted: Nov 22, 2012 4:38:53 AM

So gas prices should go up thirty more cents....right?
OldMan322
Champion Author Illinois

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Message Posted: Nov 22, 2012 4:37:57 AM

"fratt" Where have you been, been rising for a week
TIGERPAW46
Champion Author Florida

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Message Posted: Nov 22, 2012 4:22:13 AM

Manipulation.
fratt
Champion Author Grand Rapids

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Message Posted: Nov 22, 2012 4:16:17 AM

Prices will soon rise.
nomad228
Champion Author Columbus

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Message Posted: Nov 22, 2012 4:10:16 AM

sounds like our gov'ment is trying to casue a fuel shortage or give big earl another excuse to raise their prices agaain and again and again.
padlocks2
Champion Author Virginia

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Message Posted: Nov 22, 2012 4:08:51 AM

So?
BEngr
Champion Author Illinois

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Message Posted: Nov 22, 2012 4:04:52 AM

Of the information, there were two parts that indicates we are moving in the wrong direction. Refinery utilization needs to increase in some areas and exports of finished petroleum products should not exceed imports.
HA4CNN
Champion Author Toronto

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Message Posted: Nov 22, 2012 4:00:16 AM

I guess that means fuel prices are going up.
truckpdlr
Champion Author Tucson

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Message Posted: Nov 22, 2012 3:59:24 AM

So are fuel prices
djgunrunner
Champion Author Salt Lake City

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Message Posted: Nov 22, 2012 3:58:13 AM

The gasoline inventories are down okay, now how much was exported?
bobdec
Champion Author Miami

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Message Posted: Nov 22, 2012 3:57:32 AM

I guess the prices will rise now
DJRIO
Champion Author Miami

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Message Posted: Nov 22, 2012 3:56:57 AM

this first decrease in over a month it less than expected. it will increase the follwing week.
Bruno44
Champion Author Texas

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Message Posted: Nov 22, 2012 3:50:41 AM

eia, epa etc should decline.
Settjec
Champion Author Little Rock

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Message Posted: Nov 22, 2012 3:50:40 AM

Decline, my south side
pappa2002
Rookie Author Missouri

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Message Posted: Nov 22, 2012 3:48:50 AM

US Government is all for the money not the people
DrivingFool2
Champion Author Appleton

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Message Posted: Nov 22, 2012 3:48:02 AM

It happens
Topless2012
Champion Author Twin Cities

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Message Posted: Nov 22, 2012 3:47:26 AM

Can we please get a new story. This one is old.
edgrivera
Champion Author Indiana

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Message Posted: Nov 22, 2012 3:47:15 AM

garbage in...garbage out
gamalerin
Champion Author Tampa

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Message Posted: Nov 22, 2012 3:43:30 AM

I don't like EIA.
Quick68
Champion Author Columbus

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Message Posted: Nov 22, 2012 3:42:57 AM

I don't trust The Energy Information Administration. All offices of the government are corrupt.
Lairre
Champion Author Sacramento

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Message Posted: Nov 22, 2012 3:41:06 AM

More crap from the EIA.
dudleydolittle
Champion Author Cleveland

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Message Posted: Nov 22, 2012 3:37:30 AM

old
Ready Eddie
Champion Author Twin Cities

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Message Posted: Nov 22, 2012 3:37:26 AM

This is an old story that is meaningless anyway.
computernut2008
Champion Author Ohio

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Message Posted: Nov 22, 2012 3:35:56 AM

bs
Pozole
Champion Author Portland

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Message Posted: Nov 22, 2012 3:33:10 AM

...pig oil exports to force higher prices on US...
dylan126
Champion Author Cleveland

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Message Posted: Nov 22, 2012 3:31:01 AM

OLD
UseLessGasFolks
Champion Author Iowa

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Message Posted: Nov 22, 2012 3:28:46 AM


Conserve baby conserve!!!
lgwhitlock
Champion Author Chico

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Message Posted: Nov 22, 2012 3:28:43 AM

Another week another government sponsored speculation report...
FogCitySpotter
Champion Author San Francisco

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Message Posted: Nov 22, 2012 3:24:25 AM

ok
livewire300
Champion Author South Carolina

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Message Posted: Nov 22, 2012 3:23:39 AM

Down Baby Down...
hybridaholic
Champion Author Appleton

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Message Posted: Nov 22, 2012 3:21:04 AM

Agree with you SBlouch!
R209
Champion Author California

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Message Posted: Nov 22, 2012 3:18:11 AM

The "EIA" is a joke...and so are the numbers they throw at us on a weekly bases.
SBlouch
Champion Author San Antonio

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Message Posted: Nov 22, 2012 3:16:03 AM

Well, then we need to stop exporting crude oil which is the highest in years.
gaspumpin
Champion Author Indiana

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Message Posted: Nov 22, 2012 3:16:00 AM

Up, down, up, down. If our government would get it in gear, maybe prices would stabilize.
LVNV6ofSpades
Champion Author Las Vegas

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Message Posted: Nov 22, 2012 3:12:23 AM

someone stop the rollercoaster ride
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