Not Logged In Log In   Sign Up   Points Leaders
Follow Us    9:35 PM

GasBuddy News Article

38
votes
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...


Read the Full Article

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
dougtaylor1
Champion Author Phoenix

Posts:1,794
Points:476,085
Joined:Jun 2011
Message Posted: May 3, 2012 9:51:31 AM

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

Posts:451,602
Points:2,348,860
Joined:Oct 2008
Message Posted: May 3, 2012 9:50:49 AM

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

Posts:273
Points:1,541,935
Joined:Dec 2005
Message Posted: May 3, 2012 9:50:17 AM

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

Posts:11,313
Points:2,459,190
Joined:Feb 2008
Message Posted: May 3, 2012 9:45:56 AM

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

Posts:11,735
Points:3,087,750
Joined:Apr 2006
Message Posted: May 3, 2012 9:45:49 AM

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

Posts:13,320
Points:3,845,450
Joined:Jun 2004
Message Posted: May 3, 2012 9:42:25 AM

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

Posts:13,098
Points:2,817,395
Joined:Aug 2006
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?
Insuremn
Champion Author Twin Cities

Posts:8,187
Points:1,801,345
Joined:May 2010
Message Posted: May 3, 2012 9:40:29 AM

Ok.
focusvt
Champion Author Detroit

Posts:12,245
Points:1,996,675
Joined:May 2008
Message Posted: May 3, 2012 9:40:22 AM

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

Posts:1,491
Points:402,180
Joined:Jun 2010
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.
nobodyMO
Champion Author Kansas City

Posts:2,251
Points:554,305
Joined:Nov 2010
Message Posted: May 3, 2012 9:38:55 AM

ok
GaSrt8
Champion Author Georgia

Posts:2,091
Points:1,066,070
Joined:Nov 2011
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.
JWHITE1937
Champion Author Massachusetts

Posts:3,529
Points:1,192,655
Joined:Aug 2006
Message Posted: May 3, 2012 9:37:24 AM

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

Posts:663
Points:293,145
Joined:Sep 2005
Message Posted: May 3, 2012 9:37:17 AM

OK
40mpgsaturn
Champion Author Wisconsin

Posts:4,411
Points:1,123,045
Joined:Jun 2011
Message Posted: May 3, 2012 9:36:51 AM

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

Posts:3,940
Points:847,035
Joined:Feb 2009
Message Posted: May 3, 2012 9:35:59 AM

Who cares.
DimitrisIL
Champion Author Chicago

Posts:2,225
Points:1,045,230
Joined:Feb 2011
Message Posted: May 3, 2012 9:35:18 AM

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

Posts:2,748
Points:1,902,385
Joined:May 2009
Message Posted: May 3, 2012 9:33:39 AM

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

Posts:7,618
Points:1,777,520
Joined:Mar 2006
Message Posted: May 3, 2012 9:33:09 AM

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

Posts:44,684
Points:3,473,375
Joined:Oct 2005
Message Posted: May 3, 2012 9:32:48 AM

Hummm....
Car54BC08
Champion Author British Columbia

Posts:7,424
Points:2,274,395
Joined:Jun 2008
Message Posted: May 3, 2012 9:32:29 AM

Old news
W5IEM
Veteran Author Lexington

Posts:265
Points:869,495
Joined:Mar 2012
Message Posted: May 3, 2012 9:31:35 AM

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

Posts:313
Points:957,765
Joined:May 2010
Message Posted: May 3, 2012 9:30:05 AM

ok
orcar
Champion Author Boise

Posts:2,470
Points:1,407,335
Joined:Jun 2010
Message Posted: May 3, 2012 9:29:47 AM

ok
95Vette
Champion Author Missouri

Posts:3,924
Points:1,308,015
Joined:Sep 2005
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.
ZeroBoxes
Champion Author Mississippi

Posts:1,079
Points:213,440
Joined:Apr 2012
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.
Mermaan
Champion Author Boston

Posts:1,572
Points:421,235
Joined:Apr 2011
Message Posted: May 3, 2012 9:26:39 AM

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

Posts:9,447
Points:2,525,880
Joined:Jul 2007
Message Posted: May 3, 2012 9:26:16 AM

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

Posts:1,799
Points:563,495
Joined:Jul 2011
Message Posted: May 3, 2012 9:25:10 AM

The price only goes up.
kriketgirl
Veteran Author Michigan

Posts:400
Points:1,554,205
Joined:May 2009
Message Posted: May 3, 2012 9:25:07 AM

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

Posts:5,952
Points:1,315,395
Joined:Jun 2011
Message Posted: May 3, 2012 9:25:06 AM

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

Posts:7,906
Points:1,762,295
Joined:Jul 2008
Message Posted: May 3, 2012 9:24:38 AM

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

Posts:2,174
Points:195,735
Joined:Apr 2011
Message Posted: May 3, 2012 9:22:32 AM

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

Posts:6,749
Points:1,494,110
Joined:May 2011
Message Posted: May 3, 2012 9:22:29 AM

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

Posts:18,951
Points:3,231,290
Joined:Oct 2005
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.
Sam195
Champion Author San Bernardino

Posts:11,240
Points:2,329,080
Joined:Oct 2008
Message Posted: May 3, 2012 9:22:03 AM

That sounds like good news.
MarAzul
Champion Author London

Posts:6,666
Points:1,403,855
Joined:Feb 2011
Message Posted: May 3, 2012 9:22:03 AM

good.
eddyp94
Champion Author Ontario

Posts:8,163
Points:1,660,835
Joined:Mar 2008
Message Posted: May 3, 2012 9:22:00 AM

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

Posts:3,174
Points:2,447,600
Joined:Nov 2003
Message Posted: May 3, 2012 9:20:47 AM

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

Posts:14,397
Points:1,473,090
Joined:Apr 2011
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!!!!
CoolShah
Rookie Author New Jersey

Posts:86
Points:163,150
Joined:Apr 2011
Message Posted: May 3, 2012 9:20:32 AM

nothing new.. old story
fxb1
Champion Author Louisiana

Posts:4,123
Points:1,271,910
Joined:Mar 2011
Message Posted: May 3, 2012 9:19:42 AM

ok
dchiou
Champion Author San Jose

Posts:5,054
Points:1,504,405
Joined:Feb 2007
Message Posted: May 3, 2012 9:19:37 AM

sure
vizilo
Champion Author British Columbia

Posts:5,729
Points:2,590,650
Joined:May 2004
Message Posted: May 3, 2012 9:19:24 AM

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

Posts:1,833
Points:515,970
Joined:Mar 2011
Message Posted: May 3, 2012 9:18:36 AM

OK..
BlueVanGroup
Champion Author Fort Collins

Posts:10,905
Points:2,291,110
Joined:May 2008
Message Posted: May 3, 2012 9:17:58 AM


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

Posts:13,462
Points:2,430,950
Joined:Aug 2008
Message Posted: May 3, 2012 9:17:52 AM

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

Posts:8,763
Points:2,049,345
Joined:Feb 2003
Message Posted: May 3, 2012 9:17:41 AM

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

Posts:11,073
Points:2,240,825
Joined:Sep 2008
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.
CDMAuto
Champion Author Connecticut

Posts:6,952
Points:1,523,665
Joined:Apr 2011
Message Posted: May 3, 2012 9:16:36 AM

old news
eaglev
Champion Author Oklahoma City

Posts:4,001
Points:937,155
Joined:Jul 2005
Message Posted: May 3, 2012 9:16:28 AM

We have conserved so much that we are exporting refined gasoline.
madison8359
Champion Author Cleveland

Posts:17,660
Points:2,368,955
Joined:Apr 2008
Message Posted: May 3, 2012 9:16:21 AM

No real news here.
Post a reply Back to Topics