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GasBuddy News Article

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EIA: Crude inventories up, refinery output up, gasoline stocks fall as summer switch-over nearly com

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 increased by 2.8 million barrels to a total of 375.9 million barrels. At 375.9 million barrels, inventories are 9.3 million barrels above last year (2.5%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 2.0 million barrels to 209.7 million barrels. At 209.7 million barrels, inventories are up 5.2 million barrels, or 2.5% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.8mb); Midwest...


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Submitted May 02, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Crude inventories up, refinery output up, gasoline stocks fall as summer switch-over nearly com Back to Topics
REPLIES (newest first) Post a Reply
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Sethyl
Champion Author Miami

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Message Posted: May 3, 2012 9:52:21 AM

keep coming down.
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dougtaylor1
Champion Author Phoenix

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Message Posted: May 3, 2012 9:51:31 AM

This summer gas mixture has got to go.
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lightbulbman2008
Champion Author Worcester

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Message Posted: May 3, 2012 9:50:49 AM

wait and see what happens at the pump...
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HB1
Sophomore Author Columbus

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Message Posted: May 3, 2012 9:50:17 AM

Gas rose 30 cents a gallon last night
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hibsaw
Champion Author Mississippi

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Message Posted: May 3, 2012 9:45:56 AM

I'm ready to see gasoline prices fall!!!
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mysub
Champion Author Las Vegas

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Message Posted: May 3, 2012 9:45:49 AM

GaSrt8, there's just as many reasons to lower them. They just ignore them.
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Tutootin
Champion Author Toronto

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Message Posted: May 3, 2012 9:42:25 AM

Yesterday's article...again!!!!
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BM4225
Champion Author Atlanta

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Message Posted: May 3, 2012 9:41:26 AM

So the inventories are up, and there will be less driving, so the prices should drop. Right?
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Insuremn
Champion Author Twin Cities

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Message Posted: May 3, 2012 9:40:29 AM

Ok.
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focusvt
Champion Author Detroit

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Message Posted: May 3, 2012 9:40:22 AM

Gas prices jumped $0.14 here overnight.
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tsgasprc
Champion Author Colorado

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Message Posted: May 3, 2012 9:39:45 AM

Traders are "long" on the market, if they become "short" then prices fall. Too bad it isn't market driven.
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nobodyMO
Champion Author Kansas City

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Message Posted: May 3, 2012 9:38:55 AM

ok
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GaSrt8
All-Star Author Georgia

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Message Posted: May 3, 2012 9:38:28 AM

There are always reasons to increase the price of gas, not so many to lower prices.
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JWHITE1937
Champion Author Massachusetts

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Message Posted: May 3, 2012 9:37:24 AM

These are VERY good reasons to INCREASE gas prices? Summer blend! I live in Florida.
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kulwicki7
All-Star Author Virginia

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Message Posted: May 3, 2012 9:37:17 AM

OK
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40mpgsaturn
Champion Author Wisconsin

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Message Posted: May 3, 2012 9:36:51 AM

This should be good news,not holding my breath!!
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Blazer197
Champion Author New Haven

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Message Posted: May 3, 2012 9:35:59 AM

Who cares.
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DimitrisIL
Champion Author Chicago

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Message Posted: May 3, 2012 9:35:18 AM

And when the gas prices will go down?
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bginsj
Champion Author San Jose

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Message Posted: May 3, 2012 9:33:39 AM

and yet this happens every year and prices are still high
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dlzastera
Champion Author Minnesota

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Message Posted: May 3, 2012 9:33:09 AM

You never really know the real truth.
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Teddy95
Champion Author Dayton

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Message Posted: May 3, 2012 9:32:48 AM

Hummm....
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Car54BC08
Champion Author British Columbia

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Message Posted: May 3, 2012 9:32:29 AM

Old news
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W5IEM
Veteran Author Lexington

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Message Posted: May 3, 2012 9:31:35 AM

Of course the price at the pump will also go up...
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Virgin55
Veteran Author Ocala

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Message Posted: May 3, 2012 9:30:05 AM

ok
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orcar
Champion Author Boise

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Message Posted: May 3, 2012 9:29:47 AM

ok
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95Vette
Champion Author Missouri

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Message Posted: May 3, 2012 9:29:05 AM

Hopefully we will see prices go down.. but I fear that this is just the usual speculation.
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ZeroBoxes
Champion Author Mississippi

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Message Posted: May 3, 2012 9:27:41 AM

How often does the EIA receive an external audit or GAO IG inspection? And when and what, were the last three dates/results. Numbers don't lie...people adjust numbers to meet their needs.
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Mermaan
Champion Author Boston

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Message Posted: May 3, 2012 9:26:39 AM

lol, only saw about 5 cents off... greattttt
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paoli8
Champion Author Philadelphia

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Message Posted: May 3, 2012 9:26:16 AM

Lets see what happens to pump prices before getting too excited
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EmperorsFinest
Champion Author Chicago

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Message Posted: May 3, 2012 9:25:10 AM

The price only goes up.
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kriketgirl
Veteran Author Michigan

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Message Posted: May 3, 2012 9:25:07 AM

Gas just went up 27 cents here to 3.99.
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PrinceLH
Champion Author Ontario

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Message Posted: May 3, 2012 9:25:06 AM

So? Where is the law of supply and demand? Only works one way, apparently.
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ModelWarships
Champion Author Missouri

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Message Posted: May 3, 2012 9:24:38 AM

OK, so let's get to dropping the price.
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BWALL2700
Champion Author Illinois

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Message Posted: May 3, 2012 9:22:32 AM

Time for the higher priced summer blend gas.
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puinsai808
Champion Author Honolulu

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Message Posted: May 3, 2012 9:22:29 AM

That's our problem, "Gasoline stocks fall."
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BoerneWatch
Champion Author San Antonio

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Message Posted: May 3, 2012 9:22:29 AM

Oil was off by a buck and a half and gas was down to three and eight pennies when I left the house.
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Sam195
Champion Author San Bernardino

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Message Posted: May 3, 2012 9:22:03 AM

That sounds like good news.
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MarAzul
Champion Author London

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Message Posted: May 3, 2012 9:22:03 AM

good.
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eddyp94
Champion Author Ontario

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Message Posted: May 3, 2012 9:22:00 AM

But will this lower oil prices...
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2gjh
Champion Author North Dakota

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Message Posted: May 3, 2012 9:20:47 AM

Put out by a government bureaucracy that just costs us tax dollars.
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INBwana
Champion Author Indiana

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Message Posted: May 3, 2012 9:20:39 AM


This is 100% cowabunga!!! Overnight our gas went up from $3.77 to #3.99. Go figure that! Someone doesn't have their facts straight or their head is up where the sun doesn't shine!!!!
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CoolShah
Rookie Author New Jersey

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Message Posted: May 3, 2012 9:20:32 AM

nothing new.. old story
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fxb1
Champion Author Louisiana

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Message Posted: May 3, 2012 9:19:42 AM

ok
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dchiou
Champion Author San Jose

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Message Posted: May 3, 2012 9:19:37 AM

sure
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vizilo
Champion Author British Columbia

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Message Posted: May 3, 2012 9:19:24 AM

prices have nowhere to go but up
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123cowboy
Champion Author Maine

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Message Posted: May 3, 2012 9:18:36 AM

OK..
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BlueVanGroup
Champion Author Fort Collins

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Message Posted: May 3, 2012 9:17:58 AM


It's the same as yesterday. :-)
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CPayZombie
Champion Author Phoenix

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Message Posted: May 3, 2012 9:17:52 AM

We need to do away with the summer, winter and boutique blends.
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Ready Eddie
Champion Author Twin Cities

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Message Posted: May 3, 2012 9:17:41 AM

Go find something to write about.
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TXGasPriceSpy
Champion Author Fort Worth

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Message Posted: May 3, 2012 9:16:46 AM

You can read highlights all day long. What really counts is the price at the pump.
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CDMAuto
Champion Author Connecticut

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Message Posted: May 3, 2012 9:16:36 AM

old news
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eaglev
Champion Author Oklahoma City

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Message Posted: May 3, 2012 9:16:28 AM

We have conserved so much that we are exporting refined gasoline.
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