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Author	Topic: EIA: Crude inventories gain, gasoline inventories fall	Post a Reply Back to Topics

PD Moderator	Message Posted: Jan 25, 2012 10:44:00 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 3.6 million barrels to a total of 334.8 million barrels. At 334.8 million barrels, inventories are 5.8 million barrels below last year (-1.7%) and are in the upper limit of the average range. GASOLINE INVENTORIES: Gasoline inventories decreased by 0.4 million barrels to 227.1 million barrels. At 227.1 million barrels, inventories are 2.9 million barrels, or 1.3% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.8mb); Midwest ... Visit GasBuddy Blog for full article

Moderator

Message Posted: Jan 25, 2012 10:44:00 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 3.6 million barrels to a total of 334.8 million barrels. At 334.8 million barrels, inventories are 5.8 million barrels below last year (-1.7%) and are in the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 0.4 million barrels to 227.1 million barrels. At 227.1 million barrels, inventories are 2.9 million barrels, or 1.3% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.8mb); Midwest ...

Visit GasBuddy Blog for full article

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honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Feb 1, 2012 6:22:43 AM Ignore honda0105 Report Abuse roadrunnin: they are, as long as they don't have to comply with environmental regulations b/c it's a dirty job. But it's very profitable too.
rjhenn Champion Author Des Moines Posts:22,614 Points:2,257,260 Joined:Aug 2005	Message Posted: Jan 30, 2012 4:31:45 PM Ignore rjhenn Report Abuse Because we're trying to pipe Canadian crude down to Texas instead of where it's actually needed?
roadrunnin Champion Author Richmond Posts:1,801 Points:582,030 Joined:May 2008	Message Posted: Jan 30, 2012 10:10:02 AM Ignore roadrunnin Report Abuse Annoying that the East coast is going to be forced to import as almost all the refineries are being closed. Why can't the refineries make a profit?
honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Jan 29, 2012 9:31:08 AM Ignore honda0105 Report Abuse prices still rising. Just excuses everywhere.
honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Jan 28, 2012 8:26:54 AM Ignore honda0105 Report Abuse although crude inventories are up, prices have jumped in the past week by over 10 cents here.
roadrunnin Champion Author Richmond Posts:1,801 Points:582,030 Joined:May 2008	Message Posted: Jan 27, 2012 11:46:50 PM Ignore roadrunnin Report Abuse Less gasoline, of course. . . higher prices a given.
Pete12 Champion Author Albany Posts:4,918 Points:1,659,880 Joined:Nov 2005	Message Posted: Jan 27, 2012 10:43:19 AM Ignore Pete12 Report Abuse Prices would go down if they would refine all that gain in oil into gas.
gravityhurts Champion Author North Carolina Posts:4,234 Points:965,205 Joined:Sep 2008	Message Posted: Jan 27, 2012 4:19:25 AM Ignore gravityhurts Report Abuse BS...Look at the source...there isn't any gasoline inventory problem. It's all manipulated by big oil.
N5EXY Champion Author Austin Posts:5,639 Points:1,538,005 Joined:Jul 2004	Message Posted: Jan 26, 2012 9:26:52 AM Ignore N5EXY Report Abuse Energy Information Administration? Garbage.
kgbellman Champion Author Ann Arbor Posts:2,859 Points:760,515 Joined:Mar 2011	Message Posted: Jan 26, 2012 12:22:59 AM Ignore kgbellman Report Abuse consolidate trips
ScottTee Champion Author Detroit Posts:4,532 Points:1,091,295 Joined:Mar 2010	Message Posted: Jan 26, 2012 12:09:04 AM Ignore ScottTee Report Abuse yada, yada, yada
rjhenn Champion Author Des Moines Posts:22,614 Points:2,257,260 Joined:Aug 2005	Message Posted: Jan 26, 2012 12:07:49 AM Ignore rjhenn Report Abuse gj35 - "IF FAMILIES WOULD SELL ALL BUT I CAR THEY WOULD HAVE PLENTY OF GAS." Nonsense. Having only one car means more round trips to deliver people to work, for one thing.
BoerneWatch Champion Author San Antonio Posts:15,692 Points:2,481,865 Joined:Oct 2005	Message Posted: Jan 25, 2012 11:58:27 PM Ignore BoerneWatch Report Abuse Makes sense. We are exporting diesel and gas.
kgbellman Champion Author Ann Arbor Posts:2,859 Points:760,515 Joined:Mar 2011	Message Posted: Jan 25, 2012 11:58:07 PM Ignore kgbellman Report Abuse unbelievable
egd Champion Author Twin Cities Posts:8,231 Points:2,146,000 Joined:Mar 2005	Message Posted: Jan 25, 2012 11:57:45 PM Ignore egd Report Abuse good luck
Charley_7 Veteran Author New York Posts:293 Points:211,255 Joined:May 2011	Message Posted: Jan 25, 2012 11:57:37 PM Ignore Charley_7 Report Abuse So much for prices...
bobt2382 Champion Author Texas Posts:3,059 Points:828,070 Joined:Apr 2010	Message Posted: Jan 25, 2012 11:56:01 PM Ignore bobt2382 Report Abuse OK
jessek Champion Author Detroit Posts:2,657 Points:1,280,490 Joined:Sep 2008	Message Posted: Jan 25, 2012 11:54:40 PM Ignore jessek Report Abuse We all know this won't impact the price of gasoline.
bonzoonfmb Champion Author Florida Posts:1,817 Points:664,910 Joined:Feb 2010	Message Posted: Jan 25, 2012 11:54:36 PM Ignore bonzoonfmb Report Abuse These reports mean nothing unless there is a major swing. Speculators control the prices.
Bezalel Champion Author Oklahoma City Posts:12,238 Points:2,318,415 Joined:Oct 2006	Message Posted: Jan 25, 2012 11:52:46 PM Ignore Bezalel Report Abuse We haven't heard much of Big Oil playing the refinery fire/maintenance card. That must be a hole card until nothing else raises prices.
silverfoxv65 Champion Author Michigan Posts:4,623 Points:1,257,450 Joined:Sep 2009	Message Posted: Jan 25, 2012 11:47:52 PM Ignore silverfoxv65 Report Abuse I was hoping that gas would gain!
PoohMcGoo Champion Author Alabama Posts:3,127 Points:823,335 Joined:Dec 2010	Message Posted: Jan 25, 2012 11:44:40 PM Ignore PoohMcGoo Report Abuse Yeah, it's hump day..
bigoilscamsus Champion Author Lansing Posts:1,058 Points:48,265 Joined:Nov 2011	Message Posted: Jan 25, 2012 11:43:30 PM Ignore bigoilscamsus Report Abuse PD is the number one propagandist for Big OIl! It really kills me when he starts up with the warning that the fall change over to Summer blends will be signaling higher gas prices! Big Oil doesn't need any excuse, they just raise prices to make more money!!! This excuse is as old as company propagandist! It needs to be retired just like supply and demand---It's all a bunch of crap!!!!
bif65 Champion Author Virginia Posts:1,024 Points:200,650 Joined:Jan 2011	Message Posted: Jan 25, 2012 11:42:36 PM Ignore bif65 Report Abuse ok
gj35 All-Star Author San Diego Posts:722 Points:522,035 Joined:Jun 2009	Message Posted: Jan 25, 2012 11:39:31 PM Ignore gj35 Report Abuse IF FAMILIES WOULD SELL ALL BUT I CAR THEY WOULD HAVE PLENTY OF GAS.
Beaveronparade Champion Author Hartford Posts:2,167 Points:661,190 Joined:Mar 2011	Message Posted: Jan 25, 2012 11:31:46 PM Ignore Beaveronparade Report Abuse Protesting & refusing to use high priced gas stations sounds like a great idea. I won't use them for things other than gas either! If everyone does it perhaps it will have an impact?!
bigoilscamsus Champion Author Lansing Posts:1,058 Points:48,265 Joined:Nov 2011	Message Posted: Jan 25, 2012 11:31:44 PM Ignore bigoilscamsus Report Abuse rjhenn you are so right! All the BIg Oil people try to do is get either crude or as they say product to the international market so that they can shake the money tree and keep pumping huge profits into their coffers!!
bigoilscamsus Champion Author Lansing Posts:1,058 Points:48,265 Joined:Nov 2011	Message Posted: Jan 25, 2012 11:25:43 PM Ignore bigoilscamsus Report Abuse Protest high gas prices! Picket the 15 highest priced gas stations in your area!
skybiker Champion Author South Carolina Posts:7,413 Points:1,587,590 Joined:Jul 2008	Message Posted: Jan 25, 2012 11:25:29 PM Ignore skybiker Report Abuse It's part of their plan!!!....
ShutRBug Champion Author Ontario Posts:1,564 Points:676,115 Joined:Jun 2005	Message Posted: Jan 25, 2012 11:25:12 PM Ignore ShutRBug Report Abuse Ridiculous
Akcamper Veteran Author Tucson Posts:274 Points:30,555 Joined:Dec 2011	Message Posted: Jan 25, 2012 11:17:22 PM Ignore Akcamper Report Abuse Not Good! We need to stop exporting gas so that prices will drop!
abcdMA Champion Author Worcester Posts:8,057 Points:1,601,705 Joined:Nov 2008	Message Posted: Jan 25, 2012 11:15:49 PM Ignore abcdMA Report Abuse keep demand down
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Jan 25, 2012 11:13:20 PM Ignore mstearno Report Abuse good
tippybuddy Champion Author Ontario Posts:1,523 Points:207,740 Joined:Feb 2011	Message Posted: Jan 25, 2012 11:07:55 PM Ignore tippybuddy Report Abuse the increase should make for decreases so why isn't that happening
rjhenn Champion Author Des Moines Posts:22,614 Points:2,257,260 Joined:Aug 2005	Message Posted: Jan 25, 2012 11:00:39 PM Ignore rjhenn Report Abuse mplato - "supply and demand mean nothing in this industry" DOMESTIC supply and demand mean nothing in this industry. WORLD supply and demand are everything. That's why the push for the Keystone XL pipeline, to get Canadian crude on the world, not domestic, market and push up domestic prices. [Edited by: rjhenn at 1/25/2012 11:01:29 PM EST]
crazycow2332 Champion Author Nashville Posts:1,217 Points:255,530 Joined:May 2010	Message Posted: Jan 25, 2012 10:59:55 PM Ignore crazycow2332 Report Abuse ok
30mpg80 Champion Author Lexington Posts:10,271 Points:1,515,555 Joined:Nov 2008	Message Posted: Jan 25, 2012 10:54:02 PM Ignore 30mpg80 Report Abuse Still no rules limiting speculation
us4usa Champion Author Missouri Posts:6,125 Points:1,138,560 Joined:May 2008	Message Posted: Jan 25, 2012 10:52:50 PM Ignore us4usa Report Abuse Crude oil inventories increased so the price should DECREASE???
carman11 Champion Author North Carolina Posts:3,485 Points:720,400 Joined:Jun 2011	Message Posted: Jan 25, 2012 10:49:45 PM Ignore carman11 Report Abuse Interesting
mplato Champion Author Columbia Posts:8,394 Points:1,843,945 Joined:Jun 2004	Message Posted: Jan 25, 2012 10:46:54 PM Ignore mplato Report Abuse supply and demand mean nothing in this industry
southrob Champion Author Tucson Posts:3,741 Points:715,875 Joined:Mar 2011	Message Posted: Jan 25, 2012 10:46:11 PM Ignore southrob Report Abuse and gas will go down... right?
WalkingWV Champion Author West Virginia Posts:3,755 Points:788,930 Joined:May 2008	Message Posted: Jan 25, 2012 10:45:47 PM Ignore WalkingWV Report Abuse The balancing act, to keep prices up.
uptherefiners Champion Author Chicago Posts:5,048 Points:1,002,000 Joined:Jun 2006	Message Posted: Jan 25, 2012 10:45:22 PM Ignore uptherefiners Report Abuse y a w n
mcmonsta Champion Author Honolulu Posts:3,347 Points:845,470 Joined:Sep 2009	Message Posted: Jan 25, 2012 10:45:17 PM Ignore mcmonsta Report Abuse numbers that have no meaning to us unless it equates to fallen gas prices
Is246 Champion Author Albuquerque Posts:1,045 Points:444,430 Joined:Apr 2011	Message Posted: Jan 25, 2012 10:44:41 PM Ignore Is246 Report Abuse How does this information affect prices????
eswi Champion Author Madison Posts:2,686 Points:711,080 Joined:Mar 2009	Message Posted: Jan 25, 2012 10:42:05 PM Ignore eswi Report Abuse Ok
DEG Champion Author Las Vegas Posts:17,750 Points:3,520,455 Joined:Jul 2003	Message Posted: Jan 25, 2012 10:40:27 PM Ignore DEG Report Abuse The useless weekly report.
pse91 All-Star Author Calgary Posts:640 Points:580,525 Joined:May 2011	Message Posted: Jan 25, 2012 10:36:47 PM Ignore pse91 Report Abuse Stats, love stats. Now we know the bottom line. Uh what bottom line???
Alaydown Champion Author Los Angeles Posts:5,259 Points:847,815 Joined:May 2007	Message Posted: Jan 25, 2012 10:35:55 PM Ignore Alaydown Report Abuse The prices dropped as a result.
cwashi3324 Champion Author Cincinnati Posts:2,863 Points:587,720 Joined:May 2009	Message Posted: Jan 25, 2012 10:34:34 PM Ignore cwashi3324 Report Abuse okay...