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Why the Energy Information Administration weekly report matters

GasBuddy Blog -- If you've failed to realize, it's Wednesday, the day of the week that the Energy Information Administration (EIA), a wing of the Department of Energy, typically releases a weekly petroleum status report. Well, as there was a legal holiday Monday, the release of the weekly report is pushed back a day. So instead of highlighting the report today, I'll take a moment to explain why the report is likely one of the biggest factors into gasoline prices.

The report highlights changes in supply, demand, and basically everything in between. It gives a glimpse into the refining sector, how much of their capacity they've been using, how much oil is being imported into the U.S., as well as how much oil is stockpiled in the Strategic Petroleum...


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Submitted Jan 23, 2013 By: PD
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Methodist
Champion Author Indiana

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Message Posted: Mar 5, 2013 3:41:38 PM

ok
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99dakota
Champion Author Providence

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Message Posted: Jan 27, 2013 6:20:06 AM

We have an energy administration office, but have no national energy plan. What's wrong with this picture?
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 26, 2013 5:54:15 AM

ericb: you're right.
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coyotegirl1
Rookie Author Illinois

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Message Posted: Jan 25, 2013 1:33:23 AM

This is very informative and I'm sure there's much more to learn from all of these reports from the EIA.
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Gas4Gore
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Message Posted: Jan 24, 2013 9:31:45 PM

The EIA must flabbergasted.
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CapriceWagon
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Message Posted: Jan 24, 2013 11:43:56 AM

The gubment still makes more on a barrel of oil than the oil companies do, yet there's talk of raising gas taxes? If they can't be trusted with the money they're stealing from us now, how can we trust them with more of our money?
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RUNNINONEMPTYFL
Champion Author Florida

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Message Posted: Jan 24, 2013 9:42:17 AM

Here we go again...
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chuckohio
Champion Author Columbus

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Message Posted: Jan 24, 2013 6:51:50 AM

Keep demanding and buying alternatives and prices will come down.
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us412
Champion Author Arkansas

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Message Posted: Jan 24, 2013 6:28:51 AM

"If Americans would drive more fuel efficient cars en masse, we could theoretically notice lower demand, and thus prices could fall-" but then the refiners to maintain profit margins would close plants to restrict supply so as to match the newer demand levels and prices, so we would not see lower pump prices.
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WonderfulMI
Champion Author Michigan

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Message Posted: Jan 24, 2013 6:22:25 AM

Republican prefer to live in ignorance and fear.
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singlemom27
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Message Posted: Jan 24, 2013 6:05:06 AM

but it doesn't...
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Settjec
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Message Posted: Jan 24, 2013 6:04:41 AM

more money going out the window for more idiots
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Ferdman17
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Message Posted: Jan 24, 2013 6:01:40 AM

It matters so the speculators can drive the prices up or down
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alphanyr
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Message Posted: Jan 24, 2013 6:01:36 AM

Did know thanks
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anayguy
Sophomore Author Akron

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Message Posted: Jan 24, 2013 6:00:58 AM

I never paid attention unless it was here
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katmandue
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Message Posted: Jan 24, 2013 6:00:30 AM

out today
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bassakwards007
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Message Posted: Jan 24, 2013 5:59:49 AM

Ok then
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Alderaan
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Message Posted: Jan 24, 2013 5:58:56 AM

okay
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Pointtx
Champion Author Austin

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Message Posted: Jan 24, 2013 5:56:50 AM

Likely? Let's see a chart comparing stockpiles with gas prices. You'll see movement in one where there is none in the other. It has nothing to do with supply and demand, it's about the speculators in a commodity market. If THEY care, then it has an impact.
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raccoon2011
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Message Posted: Jan 24, 2013 5:56:45 AM

ok
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Petrock
Champion Author Lexington

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Message Posted: Jan 24, 2013 5:54:19 AM

This is about the only transparency there will be in the refining business.
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NO_SWEAT
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Message Posted: Jan 24, 2013 5:53:50 AM

Ok
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2parrots
Champion Author Massachusetts

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Message Posted: Jan 24, 2013 5:53:41 AM

It`s very easy to blame Obama .Just listen to his statements .Either he told the truth when he said he was in favor of European like prices for gas & utilities or he lied. Did he try to mislead us then or now ?? .You can`t have your cake & eat it .
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scottydoesnt
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Message Posted: Jan 24, 2013 5:52:47 AM

I wish there were long term plans. No one seems to know where we are heading in the next few years.
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Rednix
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Message Posted: Jan 24, 2013 5:51:58 AM

It tells of supply and demand.
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afghaned
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Message Posted: Jan 24, 2013 5:51:44 AM

Speculators love these reports.
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LeeFree
Champion Author Pittsburgh

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Message Posted: Jan 24, 2013 5:50:46 AM

It matters more for the speculators who use decreasing supply as a reason to jack up prices even though there is still plenty of supply to go around.
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jeff95519
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Message Posted: Jan 24, 2013 5:50:24 AM

will then what
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kirzon484
Champion Author Atlanta

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Message Posted: Jan 24, 2013 5:50:18 AM

the weeks go so fast these days i hardly notice it has been a week in between
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Jamer
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Message Posted: Jan 24, 2013 5:50:12 AM

I'm still against the EPA and it's radical policies.
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CarefulDriver
Champion Author Ann Arbor

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Message Posted: Jan 24, 2013 5:49:40 AM

It absolutely matters.
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ncclyde
Champion Author Charlotte

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Message Posted: Jan 24, 2013 5:48:43 AM

just another wast of tax dollars. send them all home!
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ILVET
Champion Author Illinois

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Message Posted: Jan 24, 2013 5:48:41 AM

And how much of this report is true?
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Lengas
Champion Author Gary

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Message Posted: Jan 24, 2013 5:48:29 AM

Still Big Oil Manipilation.
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KrsnaDragon
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Message Posted: Jan 24, 2013 5:45:52 AM

Speculation breeds despair.
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jacob5066
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Message Posted: Jan 24, 2013 5:42:41 AM

Interesting
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mystic92
Champion Author New Jersey

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Message Posted: Jan 24, 2013 5:42:14 AM

it really does not matter to me. Just the bottom line
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neptune2008
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Message Posted: Jan 24, 2013 5:38:54 AM

what??? haha
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SHEP20715
Champion Author Maryland

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Message Posted: Jan 24, 2013 5:38:09 AM

This is a very good explanation of the importance of the EIA. Unfortunately most people wont read it and a large percentage of those who do will not believe it. Most of them will still blame President Obama and or his administration. Then again there is no accounting for the lack of intelligence of some people.
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vamike
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Message Posted: Jan 24, 2013 5:37:24 AM

Coming tomorrow: "Why Speculation Matters."
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warlord1
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Message Posted: Jan 24, 2013 5:37:04 AM

ok
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gabisgram
Champion Author Michigan

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Message Posted: Jan 24, 2013 5:32:25 AM

Figures don't lie, but liars figure.
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D4444J
Champion Author Albuquerque

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Message Posted: Jan 24, 2013 5:32:14 AM

It is just another government report that's a waste of time. Supply & Demand module has no meaning in gas pricing.
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metrojeep
Champion Author Fort Worth

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Message Posted: Jan 24, 2013 5:31:46 AM

More numbers
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SavingInNC
Champion Author North Carolina

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Message Posted: Jan 24, 2013 5:31:22 AM

Shut them down. They make up stuff just to look like they are necessary.
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Tru2psu2
Champion Author Winston-Salem

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Message Posted: Jan 24, 2013 5:30:59 AM

We need more refineries!
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Jan 24, 2013 5:30:19 AM

refinery capacity is key
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Foxt
Champion Author Minnesota

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Message Posted: Jan 24, 2013 5:29:28 AM

Why would anybody think it would really matter. Just another government agency sucking tax dollars with no justification.
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billy44bo
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Message Posted: Jan 24, 2013 5:28:05 AM

ssdd
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Bus936
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Message Posted: Jan 24, 2013 5:27:59 AM

And I don't believe half of what they say and claim.
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