Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:36 PM

GasBuddy News Article

51
votes
EIA: Big drop in crude inventories, Midwest refineries operate at 99% of capacity

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 decreased by 5.4 million barrels to a total of 360.7 million barrels. At 360.7 million barrels, inventories are 9.0 million barrels above last year (2.6%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.0 million barrels to 202.7 million barrels. At 202.7 million barrels, inventories are down 8.7 million barrels, or 4.1% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.3mb); Midwest...


Read the Full Article

Submitted Aug 22, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Big drop in crude inventories, Midwest refineries operate at 99% of capacity Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,554
Points:1,967,770
Joined:Sep 2008
Message Posted: Aug 28, 2012 8:17:48 AM

not nice
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,491
Points:2,121,315
Joined:Nov 2008
Message Posted: Aug 28, 2012 4:55:57 AM

Caprice: dreams are ten a penny...
Profile Pic
CapriceWagon
Champion Author Washington

Posts:1,433
Points:903,050
Joined:Feb 2008
Message Posted: Aug 27, 2012 10:38:19 AM

Dreams are like rainbows, only idiots chase them, and lower prices are a dream
Profile Pic
stonecold5005
All-Star Author Waco

Posts:819
Points:20,705
Joined:Mar 2012
Message Posted: Aug 27, 2012 8:10:03 AM

ssdw
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,491
Points:2,121,315
Joined:Nov 2008
Message Posted: Aug 27, 2012 4:55:25 AM

the usual blah blah.. no influence on real world prices.
Profile Pic
pfone1847
Champion Author Illinois

Posts:5,516
Points:1,133,230
Joined:Oct 2010
Message Posted: Aug 24, 2012 7:15:01 AM

Mmmmhmm
Profile Pic
pgerassi
Champion Author Milwaukee

Posts:13,254
Points:2,642,490
Joined:Apr 2007
Message Posted: Aug 23, 2012 9:22:25 PM

SSDW
Profile Pic
gravityhurts
Champion Author North Carolina

Posts:5,617
Points:1,401,535
Joined:Sep 2008
Message Posted: Aug 23, 2012 5:10:36 PM

And up go the prices, one last gouge over the labor day weekend. I hate the gas station!
Profile Pic
n3tbc
Veteran Author Wilmington

Posts:355
Points:381,825
Joined:Sep 2011
Message Posted: Aug 23, 2012 3:22:35 PM

ok
Profile Pic
SUV2009
Champion Author Orlando

Posts:5,895
Points:1,600,570
Joined:Oct 2009
Message Posted: Aug 23, 2012 1:59:01 PM

So up the price again. They are not buy it these prices.
Profile Pic
sparky808
Champion Author Honolulu

Posts:5,152
Points:1,089,675
Joined:Sep 2011
Message Posted: Aug 23, 2012 12:21:37 PM

old post.
Profile Pic
rbrowdersr
Champion Author Detroit

Posts:6,488
Points:2,165,325
Joined:Aug 2006
Message Posted: Aug 23, 2012 11:56:48 AM

Not helping to lower gas prices.
Profile Pic
albert2008
Champion Author Winnipeg

Posts:9,554
Points:1,967,770
Joined:Sep 2008
Message Posted: Aug 23, 2012 11:22:24 AM

good stuff
Profile Pic
Gas_Buzzer
Champion Author South Carolina

Posts:16,419
Points:3,018,615
Joined:Sep 2005
Message Posted: Aug 23, 2012 10:24:20 AM

The Useless government teat feeders the EIA = Empty-heads Inept Agency
Profile Pic
OldMan322
Champion Author Illinois

Posts:8,738
Points:2,105,055
Joined:Jul 2008
Message Posted: Aug 23, 2012 10:04:53 AM

BIG OIL can make the numbers say anything they want
Profile Pic
otherdave
Champion Author Indiana

Posts:5,762
Points:1,781,165
Joined:Oct 2008
Message Posted: Aug 23, 2012 9:36:37 AM

No relief here!
Profile Pic
Wizrd03
Champion Author Illinois

Posts:10,506
Points:2,143,785
Joined:Oct 2008
Message Posted: Aug 23, 2012 9:16:31 AM

Prices are stil up and goong up in the midwest
Profile Pic
boldrph
Champion Author Topeka

Posts:21,076
Points:3,960,270
Joined:Oct 2002
Message Posted: Aug 23, 2012 9:08:54 AM

99%? i am the 99%!
Profile Pic
GrumpyCat
Champion Author Alabama

Posts:5,099
Points:1,191,245
Joined:Jun 2009
Message Posted: Aug 23, 2012 9:08:44 AM

I continue to say the environmentalists and obstructionists have stifled the construction of refineries in the misbegotten belief lack of refined oil would wean the world from oil.

It worked to halt nuclear power plant construction, but didn't wean us from electricity. All it did was force utilities to keep old less-safe designs on line rather than replace with modern safer cheaper to run designs. Same for refineries, we could build better, safer, more efficient, but can not due to the red tape.
Profile Pic
bbreff
Champion Author Atlanta

Posts:12,158
Points:3,075,405
Joined:Jun 2005
Message Posted: Aug 23, 2012 9:06:01 AM



OLD NEWS

Profile Pic
Jamer
Champion Author Las Vegas

Posts:9,479
Points:1,772,910
Joined:Jul 2002
Message Posted: Aug 23, 2012 9:04:53 AM

They are running up the price of fuel, and when they switch over to winter blends which are cheaper it will take six months to get pump prices where they were a month ago.
Profile Pic
sivart
Champion Author Arkansas

Posts:21,262
Points:3,580,780
Joined:May 2004
Message Posted: Aug 23, 2012 9:04:37 AM

Looks like 'big oil' want to keep the price at the pump up!!
Profile Pic
techque
Champion Author St. Louis

Posts:10,814
Points:2,762,280
Joined:Apr 2005
Message Posted: Aug 23, 2012 9:04:31 AM

and for this, they jack prices 17 cents/gallon overnight.
Profile Pic
dad2two
Champion Author Dallas

Posts:5,622
Points:1,183,820
Joined:May 2010
Message Posted: Aug 23, 2012 9:03:32 AM

I hope the speculators don't catch wind that the economy is improving...
Profile Pic
Don20
Champion Author Oklahoma City

Posts:11,973
Points:3,115,810
Joined:Mar 2005
Message Posted: Aug 23, 2012 9:03:15 AM

Pretty much normal operation, for any business that has inventories. The inventory will fluctuate up and down all the time....
Profile Pic
goalie1950
Champion Author Phoenix

Posts:8,740
Points:1,807,340
Joined:Oct 2009
Message Posted: Aug 23, 2012 9:02:59 AM

Yesterday's news. But just another excuse to raise prices. AZ gas prices are rising daily. Prices seem to always fall very slowly but increase like a skyrocket for the stupidest reasons. I think it's called: GREED!!!!
Profile Pic
AC-302
Champion Author Los Angeles

Posts:30,459
Points:3,371,420
Joined:Aug 2004
Message Posted: Aug 23, 2012 9:01:44 AM

Saw this.
Profile Pic
truckpdlr
Champion Author Tucson

Posts:5,236
Points:1,605,125
Joined:Sep 2009
Message Posted: Aug 23, 2012 9:01:41 AM

OK
Profile Pic
Aserdaten
Champion Author Florida

Posts:4,708
Points:2,520,195
Joined:Apr 2006
Message Posted: Aug 23, 2012 9:00:41 AM

Getting a bit technical, aren't we? Just so many factors in attempting to set a reasonable price at the pump. But of course the ever-present greed will always enter the picture.
Profile Pic
mikerroy
Champion Author Albuquerque

Posts:4,470
Points:1,141,455
Joined:May 2005
Message Posted: Aug 23, 2012 9:00:15 AM

This is Manipulation at work here.
Profile Pic
RogerB
Champion Author Indianapolis

Posts:20,614
Points:3,129,620
Joined:Dec 2005
Message Posted: Aug 23, 2012 8:58:51 AM

Another way to provide for price increases.
Profile Pic
throttle
Champion Author Maryland

Posts:11,982
Points:2,464,695
Joined:Jul 2004
Message Posted: Aug 23, 2012 8:58:40 AM

Up and down.
Profile Pic
lonewolfhead
Champion Author Texas

Posts:1,858
Points:981,530
Joined:Aug 2011
Message Posted: Aug 23, 2012 8:57:39 AM

ok
Profile Pic
Wolfwings
Champion Author Delaware

Posts:10,981
Points:2,283,185
Joined:May 2004
Message Posted: Aug 23, 2012 8:56:53 AM

Sounds like the prices willbe risin' agin...
Profile Pic
trugasCA
Champion Author California

Posts:7,572
Points:370,940
Joined:Mar 2011
Message Posted: Aug 23, 2012 8:56:23 AM

Sounds good
Profile Pic
VernonOR
Champion Author Oregon

Posts:5,121
Points:1,227,405
Joined:Aug 2010
Message Posted: Aug 23, 2012 8:55:25 AM

I now see some people are predicting $6 a gallon, now that's getting really scary.
Profile Pic
GPD1739P
Champion Author Illinois

Posts:2,726
Points:1,136,050
Joined:Feb 2011
Message Posted: Aug 23, 2012 8:55:05 AM

Just more fuel for speculators, I fear.
Profile Pic
JXQW
Champion Author Kansas City

Posts:2,787
Points:756,625
Joined:Jul 2008
Message Posted: Aug 23, 2012 8:54:51 AM

just another reason/execuse to jack up the prices ...
Profile Pic
nickatnite
Veteran Author Indianapolis

Posts:373
Points:642,325
Joined:May 2012
Message Posted: Aug 23, 2012 8:54:42 AM

ok
Profile Pic
Harry813
Champion Author Iowa

Posts:4,724
Points:1,138,195
Joined:Jul 2011
Message Posted: Aug 23, 2012 8:52:20 AM

Not quite believing this is the whole truth
Profile Pic
twiper1
Champion Author San Diego

Posts:10,051
Points:2,112,120
Joined:Oct 2008
Message Posted: Aug 23, 2012 8:50:19 AM

alright
Profile Pic
Wildman14
Champion Author Virginia

Posts:5,153
Points:1,110,280
Joined:Jul 2008
Message Posted: Aug 23, 2012 8:49:44 AM

Good. Now take care of the maintenance you need to do with the reduction in output.
Profile Pic
maske_2222
Champion Author Manitoba

Posts:7,422
Points:1,500,005
Joined:Oct 2008
Message Posted: Aug 23, 2012 8:49:42 AM

Interesting.....
Profile Pic
INBwana
Champion Author Indiana

Posts:11,617
Points:1,207,190
Joined:Apr 2011
Message Posted: Aug 23, 2012 8:48:29 AM


Get prepared, Labor Day weekend is coming!
Profile Pic
n0vyy
All-Star Author Twin Cities

Posts:774
Points:1,783,210
Joined:Oct 2003
Message Posted: Aug 23, 2012 8:48:24 AM

Refinery utilization in Midwest @ 99%....Need more capacity.
Profile Pic
bigtravelerPA
Veteran Author Harrisburg

Posts:339
Points:205,130
Joined:Jan 2012
Message Posted: Aug 23, 2012 8:47:37 AM

So what
Profile Pic
JENNYHK
Champion Author Chicago

Posts:5,894
Points:1,198,720
Joined:Apr 2011
Message Posted: Aug 23, 2012 8:47:29 AM

Here comes $6 a gallon.
Profile Pic
red5529
Champion Author Alabama

Posts:6,409
Points:1,962,385
Joined:Mar 2008
Message Posted: Aug 23, 2012 8:46:26 AM

ok
Profile Pic
iamforiu
Champion Author Indiana

Posts:5,931
Points:1,223,790
Joined:May 2011
Message Posted: Aug 23, 2012 8:46:00 AM

ok
Profile Pic
kulwicki7
All-Star Author Virginia

Posts:663
Points:293,045
Joined:Sep 2005
Message Posted: Aug 23, 2012 8:45:51 AM

ok
Post a reply Back to Topics