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Author	Topic: EIA: Big gains in crude, gasoline, and distillate inventories	Post a Reply Back to Topics

PD Moderator	Message Posted: Jan 11, 2012 8:17:59 AM Ignore PD Report Abuse 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 5.0 million barrels to a total of 334.6 million barrels. At 334.6 million barrels, inventories are 1.5 million barrels above last year (0.5%) and are above the upper limit of the average range. GASOLINE INVENTORIES: Gasoline inventories increased by 3.6 million barrels to 223.8 million barrels. At 223.8 million barrels, inventories are 0.6 million barrels, or 0.3% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.3mb); Midwest... Visit GasBuddy Blog for full article

Moderator

Message Posted: Jan 11, 2012 8:17:59 AM

Ignore PD Report Abuse

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 5.0 million barrels to a total of 334.6 million barrels. At 334.6 million barrels, inventories are 1.5 million barrels above last year (0.5%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 3.6 million barrels to 223.8 million barrels. At 223.8 million barrels, inventories are 0.6 million barrels, or 0.3% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.3mb); Midwest...

Visit GasBuddy Blog for full article

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tomok Champion Author Portland Posts:33,090 Points:2,348,435 Joined:Aug 2006	Message Posted: Jan 19, 2012 11:05:05 PM Ignore tomok Report Abuse Crude oil inventories increased, Gasoline inventories increased, Distillate inventories increased and Refinery utilization fell. Total oil stocks in the US are down. Big oil and refineries continue to ‘export’ fuel to other countries for additional profits, US natural resources that belong to the citizens of this country and are to be used by these same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their profits. The price of fuel at the pump is ‘still’ too high! 12/22/2012!
Pete12 Champion Author Albany Posts:4,883 Points:1,647,780 Joined:Nov 2005	Message Posted: Jan 15, 2012 6:23:23 PM Ignore Pete12 Report Abuse At least we are heading in the right direction.
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Jan 15, 2012 5:57:27 AM Ignore honda0105 Report Abuse increases don't spell relief at the pumps.
Reishman Veteran Author Illinois Posts:384 Points:518,865 Joined:Sep 2006	Message Posted: Jan 12, 2012 6:56:17 PM Ignore Reishman Report Abuse Oil is greesy.
obyNJ All-Star Author New Jersey Posts:771 Points:107,250 Joined:Feb 2008	Message Posted: Jan 12, 2012 10:19:07 AM Ignore obyNJ Report Abuse Here we go again
afghaned Champion Author Hamilton Posts:11,841 Points:1,289,385 Joined:May 2004	Message Posted: Jan 12, 2012 7:09:10 AM Ignore afghaned Report Abuse Just proves that supply & demand only affect prices when they decline. Time to get hydrogen & NG powering vehicles & power plants.
dieselfiendSC Champion Author South Carolina Posts:2,196 Points:849,530 Joined:Nov 2008	Message Posted: Jan 12, 2012 5:31:02 AM Ignore dieselfiendSC Report Abuse So oil prices should be coming down because of this report.
NGC4565 Champion Author Reading Posts:3,764 Points:749,840 Joined:Mar 2011	Message Posted: Jan 12, 2012 4:28:25 AM Ignore NGC4565 Report Abuse That low utilization of east coast refineries is certainly having an impact. Prices here are up twenty cents in just two weeks.
Luckylindy Champion Author Milwaukee Posts:4,529 Points:1,129,995 Joined:May 2008	Message Posted: Jan 12, 2012 4:12:05 AM Ignore Luckylindy Report Abuse Gas just jumped around here.
leraar2 Champion Author Massachusetts Posts:3,779 Points:790,605 Joined:Mar 2011	Message Posted: Jan 11, 2012 10:34:29 PM Ignore leraar2 Report Abuse and the price goes UP.
wild3bill Champion Author New York Posts:2,546 Points:1,687,640 Joined:Nov 2005	Message Posted: Jan 11, 2012 9:44:26 PM Ignore wild3bill Report Abuse We MUST use tis site to find the lowest Gas prices in our area and fill up there. It may mean paying cash but with inventories up: the Big Oil Monopomy will try toBoost prices by next month : Valentine's DEay is the spring board to Summer prices.The try to create problems at this time when the blens changes, refineruies are shut down to create shortage and they boost prices around Valentines Day
Bezalel Champion Author Oklahoma City Posts:12,117 Points:2,293,900 Joined:Oct 2006	Message Posted: Jan 11, 2012 9:33:29 PM Ignore Bezalel Report Abuse pump price same or down a penny.
bcok Champion Author Los Angeles Posts:2,131 Points:1,545,470 Joined:Oct 2005	Message Posted: Jan 11, 2012 9:29:55 PM Ignore bcok Report Abuse there is no end.
Canucktree Champion Author Alberta Posts:4,911 Points:1,023,550 Joined:Dec 2008	Message Posted: Jan 11, 2012 9:26:02 PM Ignore Canucktree Report Abuse Here we go...
PAborn54 All-Star Author Milwaukee Posts:970 Points:654,775 Joined:May 2009	Message Posted: Jan 11, 2012 9:21:50 PM Ignore PAborn54 Report Abuse Gas prices at the pump increased 20 cent per gallon. This does not compute.
Jedidiah Champion Author Maine Posts:107,854 Points:2,671,625 Joined:Dec 2005	Message Posted: Jan 11, 2012 9:18:11 PM Ignore Jedidiah Report Abuse Thank you once again for your the hard work and time you invest in passing along the data yielded by your keen, well investigated and professionally written insights, PD! :)
TXGasPriceSpy Champion Author Fort Worth Posts:7,830 Points:1,475,200 Joined:Sep 2008	Message Posted: Jan 11, 2012 9:15:08 PM Ignore TXGasPriceSpy Report Abuse Something is terribly wrong!!!
Buddy2264 Champion Author Tampa Posts:11,674 Points:2,363,970 Joined:Oct 2005	Message Posted: Jan 11, 2012 9:14:57 PM Ignore Buddy2264 Report Abuse Increases in inventor and in prices, how does that work? We are now a net exporter and the price is going to stay up as the profit is made in other countries.
LoneGuy Champion Author Lansing Posts:8,495 Points:2,320,920 Joined:Aug 2005	Message Posted: Jan 11, 2012 9:13:06 PM Ignore LoneGuy Report Abuse It is hard to sell into a depressed economy whether it is in the US or Europe.
Geo4564 Champion Author Nevada Posts:6,937 Points:1,572,545 Joined:Aug 2007	Message Posted: Jan 11, 2012 9:13:04 PM Ignore Geo4564 Report Abuse Supply & demand is not working here.
WalRus49 Champion Author Boston Posts:4,090 Points:871,790 Joined:Nov 2010	Message Posted: Jan 11, 2012 9:12:59 PM Ignore WalRus49 Report Abuse Just more organized mayhem and pillage.........
Chris46 Champion Author Dayton Posts:23,720 Points:2,085,240 Joined:Sep 2005	Message Posted: Jan 11, 2012 9:12:36 PM Ignore Chris46 Report Abuse Oh, we're making money hand over fist, alright! Its just the American public that is still getting shafted at the pump!
Matt G Champion Author Boston Posts:4,548 Points:2,775,965 Joined:Jun 2004	Message Posted: Jan 11, 2012 9:11:10 PM Ignore Matt G Report Abuse Prices rise
jerej829 Champion Author Memphis Posts:2,871 Points:696,890 Joined:May 2011	Message Posted: Jan 11, 2012 9:09:53 PM Ignore jerej829 Report Abuse Ok
TekWare Champion Author Toronto Posts:3,181 Points:676,300 Joined:May 2011	Message Posted: Jan 11, 2012 9:09:42 PM Ignore TekWare Report Abuse Okay, so what. How will you spin that to explain how prices will rise because of that?
carpenter4u Champion Author Virginia Posts:2,436 Points:618,645 Joined:Jul 2011	Message Posted: Jan 11, 2012 9:09:38 PM Ignore carpenter4u Report Abuse And an increase in inventories will do what for me?
joel27nc Champion Author Raleigh Posts:10,552 Points:1,861,295 Joined:Mar 2008	Message Posted: Jan 11, 2012 9:08:31 PM Ignore joel27nc Report Abuse Will prices drop then?
regout Champion Author Quebec Posts:2,970 Points:835,630 Joined:May 2010	Message Posted: Jan 11, 2012 9:07:17 PM Ignore regout Report Abuse What a waste of time it doesn't change the price at the pump.
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Jan 11, 2012 9:06:35 PM Ignore pastorpaulcg Report Abuse Okay
jtfftj Champion Author New Hampshire Posts:2,184 Points:1,251,940 Joined:Sep 2005	Message Posted: Jan 11, 2012 9:05:07 PM Ignore jtfftj Report Abuse Will someone please tell the EIA that their lease is up and they have to leave now. PLEASE. As a part of the Dept of Energy, they share in the blame for doing nothing to reduce our dependence on foreign oil. That was the reason for their existence. Don't let the door hit you on the way out.
KhelbenArunson Champion Author Michigan Posts:4,461 Points:720,790 Joined:Apr 2008	Message Posted: Jan 11, 2012 9:04:43 PM Ignore KhelbenArunson Report Abuse Inventories are up, demand is down, price is up...hmm what is wrong with this equation?
HDFXR1991 Veteran Author Wisconsin Posts:469 Points:141,030 Joined:Sep 2008	Message Posted: Jan 11, 2012 9:04:42 PM Ignore HDFXR1991 Report Abuse Nah they will make up an excuse. Oh it's snowing..... price hike
ricebike Champion Author New Jersey Posts:10,048 Points:1,858,645 Joined:Oct 2005	Message Posted: Jan 11, 2012 9:02:59 PM Ignore ricebike Report Abuse agreed, we better see a drop next week
PrinceLH Champion Author Ontario Posts:2,712 Points:542,045 Joined:Jun 2011	Message Posted: Jan 11, 2012 9:02:21 PM Ignore PrinceLH Report Abuse So why isn't the price of fuel dropping?
TheeRedRam Champion Author Hartford Posts:3,178 Points:675,560 Joined:Jun 2011	Message Posted: Jan 11, 2012 9:01:25 PM Ignore TheeRedRam Report Abuse .
PithyOpiner Champion Author Stockton Posts:16,220 Points:1,599,495 Joined:Jun 2008	Message Posted: Jan 11, 2012 8:57:05 PM Ignore PithyOpiner Report Abuse Oil inventories up. Gasoline inventories up. So, more gasoline can me made and exported.
SparkieMi Champion Author Kalamazoo Posts:3,282 Points:592,405 Joined:Sep 2011	Message Posted: Jan 11, 2012 8:55:56 PM Ignore SparkieMi Report Abuse What inventory???? Pump prices just jumped up to $3.69 from a low of $3.34.....
postcard9 All-Star Author Massachusetts Posts:883 Points:515,445 Joined:May 2011	Message Posted: Jan 11, 2012 8:51:52 PM Ignore postcard9 Report Abuse $3.41 here.
baconnie Champion Author Dallas Posts:2,797 Points:563,210 Joined:Jun 2008	Message Posted: Jan 11, 2012 8:50:25 PM Ignore baconnie Report Abuse Highlights
Thomtec Champion Author Nashville Posts:2,489 Points:612,145 Joined:May 2011	Message Posted: Jan 11, 2012 8:49:44 PM Ignore Thomtec Report Abuse Get off foreign oil and increase refining capacity. Convert to natural gas powered vehicles. Your price will come down.
tidalwave3 Champion Author Tallahassee Posts:1,311 Points:1,466,515 Joined:Jun 2008	Message Posted: Jan 11, 2012 8:47:49 PM Ignore tidalwave3 Report Abuse mixed signals
toadNY Champion Author Albany Posts:7,062 Points:1,517,150 Joined:Apr 2008	Message Posted: Jan 11, 2012 8:44:12 PM Ignore toadNY Report Abuse Must be the low unemployment!
gumbyrex Champion Author Fresno Posts:3,311 Points:761,990 Joined:Mar 2011	Message Posted: Jan 11, 2012 8:44:12 PM Ignore gumbyrex Report Abuse If the gasoline inventories are about the same as last year, why isn't the price the same?
carman11 Champion Author North Carolina Posts:3,358 Points:695,725 Joined:Jun 2011	Message Posted: Jan 11, 2012 8:40:52 PM Ignore carman11 Report Abuse Now that is just dandy!!!
cubez1417 Rookie Author Charlotte Posts:58 Points:20,210 Joined:Nov 2011	Message Posted: Jan 11, 2012 8:36:35 PM Ignore cubez1417 Report Abuse ok
wwardyota Champion Author Honolulu Posts:1,451 Points:795,210 Joined:May 2008	Message Posted: Jan 11, 2012 8:36:15 PM Ignore wwardyota Report Abuse seems like no matter the numbers in inventory, prices at the pump are always HIGH...
danreino Champion Author Twin Cities Posts:8,368 Points:1,543,655 Joined:Mar 2008	Message Posted: Jan 11, 2012 8:34:53 PM Ignore danreino Report Abuse Gasoline & diesel need to be made to sell as a utility. They are an energy source, right ?
roadrunnin Champion Author Richmond Posts:1,760 Points:567,105 Joined:May 2008	Message Posted: Jan 11, 2012 8:33:43 PM Ignore roadrunnin Report Abuse increased supply AND soaring prices . . . no relief in sight.
tomok Champion Author Portland Posts:33,090 Points:2,348,435 Joined:Aug 2006	Message Posted: Jan 11, 2012 8:33:35 PM Ignore tomok Report Abuse Crude oil inventories increased, Gasoline inventories increased, Distillate inventories increased and Refinery utilization rose. Total oil stocks in the US are down. Big oil and refineries continue to ‘export’ fuel to other countries for additional profits, US natural resources that belong to the citizens of this country and are to be used by these same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their profits. “The story here even against rising inventories is that a shutdown of the Strait of Hormuz could wipe out a significant portion of inventories.” ***Iran will NOT close the Strait of Hormuz, disrupt or cease the flow of oil OR the Iranian Navy and Air Force will cease to exist. The price of fuel at the pump is ‘still’ too high! 12/22/2012!
treeguy Veteran Author Wisconsin Posts:270 Points:656,950 Joined:Aug 2005	Message Posted: Jan 11, 2012 8:32:39 PM Ignore treeguy Report Abuse Big gains in inventory? So prices go up. That's how supply and demand works, right?