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GasBuddy News Article

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EIA: Refinery utilization rises to 92%, gasoline inventories fall

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 0.2 million barrels to a total of 384.4 million barrels. At 384.4 million barrels, inventories are 18.9 million barrels above last year (5.2%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.7 million barrels to 201.8 million barrels. At 201.8 million barrels, inventories are down 13.3 million barrels, or 6.2% 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 Jun 13, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Refinery utilization rises to 92%, gasoline inventories fall Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Jun 16, 2012 9:24:57 AM

another useless PD blog entry. Pig Oil still does what Pig Oil wants to do.
sparky808
Champion Author Honolulu

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Message Posted: Jun 15, 2012 1:30:29 PM

Thank you for posting.
steben11
Veteran Author Montreal

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Message Posted: Jun 15, 2012 9:32:13 AM

Another excuse to keep the price to expensive
Chris46
Champion Author Dayton

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Message Posted: Jun 14, 2012 7:08:17 PM

We need a gasoline export tax, to keep gasoline in the States!
Galmar352
Champion Author San Antonio

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Message Posted: Jun 14, 2012 4:46:38 PM

Ok.
Pete12
Champion Author Albany

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Message Posted: Jun 14, 2012 4:34:14 PM

thay need to operate at 92% for awhile bfore the inventory will build.
Dennisjk
Champion Author Detroit

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Message Posted: Jun 14, 2012 2:20:46 PM

Refineries go down for maintenance when they want prices to increase.
sparky808
Champion Author Honolulu

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Message Posted: Jun 14, 2012 1:30:31 PM

Thank you for posting.
gaswatchON
All-Star Author Ontario

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Message Posted: Jun 14, 2012 11:23:43 AM

Lower the amount of gas available - up go the prices
JXQW
Champion Author Kansas City

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Message Posted: Jun 14, 2012 10:16:38 AM

we just got another prices surge of 20 cents
slgas
Champion Author Houston

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Message Posted: Jun 14, 2012 10:08:18 AM

Not much useful info in these weekly reports. Unless you're a trader.
photobuddy
Champion Author Washington

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Message Posted: Jun 14, 2012 10:06:05 AM

Gasoline inventories are still high so lets tell you how much they have lowered so we charge more.
zimowski
Champion Author San Jose

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Message Posted: Jun 14, 2012 10:06:04 AM

Do inventories really control the cost of gas at the pump?
no1doc
Champion Author Milwaukee

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Message Posted: Jun 14, 2012 10:05:26 AM

roundtrip100 and silverfoxv65,

According to the article we exported 411,000 barrels per day of gasoline.
That's almost half of what we import. A gasoline export tariff would keep more of that gasoline here.
WTLITNG
Champion Author Virginia

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Message Posted: Jun 14, 2012 10:05:24 AM

There is a glut of gas; prices are dropping here due to it.
peanutsMN
Champion Author Twin Cities

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Message Posted: Jun 14, 2012 10:04:29 AM

Huh?
kd5kpd
Champion Author Texas

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Message Posted: Jun 14, 2012 10:04:01 AM

Another excuse to jack up prices
twiper1
Champion Author San Diego

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Message Posted: Jun 14, 2012 10:03:22 AM

Alright
freedomsailor
Champion Author Naples

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Message Posted: Jun 14, 2012 10:02:13 AM

And so it is....
VernonOR
Champion Author Oregon

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Message Posted: Jun 14, 2012 10:02:05 AM

Fuel prices are still high $4.07 today in my home-town.
kjSC
Champion Author South Carolina

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Message Posted: Jun 14, 2012 10:01:48 AM

More old news.
Ticoman54
Champion Author Miami

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Message Posted: Jun 14, 2012 10:00:02 AM

I agree with tutaw.
smenzel
Champion Author Seattle

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Message Posted: Jun 14, 2012 9:58:26 AM

Interesting
3boys03
Rookie Author Columbus

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Message Posted: Jun 14, 2012 9:57:44 AM

okay
blah2blah3
Champion Author Houston

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Message Posted: Jun 14, 2012 9:57:05 AM

ok
ibhenry
Champion Author San Diego

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Message Posted: Jun 14, 2012 9:56:35 AM

gas prices need to keep dropping...
esorsd
Champion Author St. Louis

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Message Posted: Jun 14, 2012 9:56:15 AM

Ok.
moremissions200
Champion Author Rhode Island

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Message Posted: Jun 14, 2012 9:56:08 AM

"Utilization rates for the last week were as follows: East Coast: 84.1%, Midwest: 93.6%, Gulf Coast: 93.8%, Rocky Mountain: 91.4%, West Coast: 88.0%."

Even with refinery shutdowns on the East Coast, the utilization rate of 84.1% listed is a manipulation of numbers since the true utilization rate would be in the 55 to 58% range if all refineries were counted.

agree with post from tutaw: "we need to update and build more refineries"

and utilize them to lower prices at the pump.

76chevy
Champion Author Toledo

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Message Posted: Jun 14, 2012 9:55:45 AM

... or more refineries not shut down under the obummer initiative.
Sam195
Champion Author San Bernardino

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Message Posted: Jun 14, 2012 9:55:37 AM

That's great news, I hope it goes up to 95.
silverfoxv65
Champion Author Michigan

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Message Posted: Jun 14, 2012 9:55:03 AM

Yea how much did we sell over seas.
mycar2
Champion Author Akron

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Message Posted: Jun 14, 2012 9:54:48 AM

cause we are exporting gas
Hangnail309
Champion Author Manitoba

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Message Posted: Jun 14, 2012 9:54:24 AM

sounds like more refineries should be built ...
spartan_in_ar
All-Star Author Arkansas

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Message Posted: Jun 14, 2012 9:52:46 AM

here we go-summertime supply issues on the horizon!
maske_2222
Champion Author Manitoba

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Message Posted: Jun 14, 2012 9:52:10 AM

Ok.......
psm80134
Champion Author Denver

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Message Posted: Jun 14, 2012 9:52:10 AM

Refinery capacity is the choke point when it comes to gas prices. Having available oil is one thing. Being able to refine it into gas is another. We haven't built a new refinery in this country since the early 1970s, and several that we did have, have now closed.

We need new refineries. Trouble is, no one wants to spend a decade fighting environmental lobbies in court and the EPA in regulations to build one.
roundtrip100
Champion Author Fort Wayne

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Message Posted: Jun 14, 2012 9:52:02 AM

How much gasoline is being exported?
Soglaos
Champion Author Virginia Beach

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Message Posted: Jun 14, 2012 9:51:04 AM

ok
GasSpy007
Champion Author New York City

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Message Posted: Jun 14, 2012 9:50:33 AM

blahh blahh yada yada
PhilMils
Champion Author Virginia

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Message Posted: Jun 14, 2012 9:50:25 AM

When you actually read the full blog entry, you see that it would help to be able to get more mid-west and Canadian oil to refineries on the east and west coasts instead of to ports on the Gulf Coast.
kulwicki7
All-Star Author Virginia

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Message Posted: Jun 14, 2012 9:50:03 AM

ok
tomok
Champion Author Portland

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Message Posted: Jun 14, 2012 9:49:01 AM

Crude oil inventories decreased, Gasoline inventories decreased, Distillate inventories decreased, Refinery utilization rose 1%, Total US oil stocks are up. Pump prices have been dropping but need to drop faster. Prices went up over night and have yet to decline that same amount or more.
Fuel demand down and prices at the pump are high. There is plenty of crude oil and enough refineries to process it. The East and West coasts continue to have low refinery percentage production, the East Coast lower percentages. Big Oil refines less fuel to keep the price of fuel at the pump high! Big Oil 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' Barry will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction and receive the huge federal tax income from oil. Barry's economy is not improving but continues to hurt the population. 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 benefit.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe and reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible.
The price of fuel at the pump is too high!
12/22/2012!
tutaw
Champion Author Kentucky

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Message Posted: Jun 14, 2012 9:47:48 AM

we need to update and build more refineries
jmdk721
Champion Author Missouri

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Message Posted: Jun 14, 2012 9:47:45 AM

ok
csherring2010
Rookie Author Virginia

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Message Posted: Jun 14, 2012 9:47:22 AM

YAY!
Jamer
Champion Author Las Vegas

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Message Posted: Jun 14, 2012 9:46:30 AM

We need more refineries built.
FlyNFool
Champion Author South Carolina

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Message Posted: Jun 14, 2012 9:44:51 AM

What about 100%?
BillHeatherL
Champion Author Alberta

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Message Posted: Jun 14, 2012 9:44:29 AM

still waiting to see any drop at the pumps here
bart_reed
Champion Author Los Angeles

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Message Posted: Jun 14, 2012 9:44:17 AM

Great. It doesn't make a difference in the price at the pump.
SUPPER
Champion Author San Bernardino

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Message Posted: Jun 14, 2012 9:44:00 AM

More inventory lower pump prices
bikerchicklette
Champion Author Washington

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Message Posted: Jun 14, 2012 9:43:26 AM

ok
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