Not Logged In Log In   Sign Up   Points Leaders
Follow Us    6:55 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
albert2008
Champion Author Winnipeg

Posts:10,556
Points:2,258,570
Joined:Sep 2008
Message Posted: Aug 28, 2012 8:17:48 AM

not nice
honda0105
Champion Author Tallahassee

Posts:24,320
Points:2,439,915
Joined:Nov 2008
Message Posted: Aug 28, 2012 4:55:57 AM

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

Posts:1,505
Points:1,157,315
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
stonecold5005
All-Star Author Waco

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

ssdw
honda0105
Champion Author Tallahassee

Posts:24,320
Points:2,439,915
Joined:Nov 2008
Message Posted: Aug 27, 2012 4:55:25 AM

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

Posts:6,555
Points:1,441,385
Joined:Oct 2010
Message Posted: Aug 24, 2012 7:15:01 AM

Mmmmhmm
pgerassi
Champion Author Milwaukee

Posts:14,282
Points:2,938,995
Joined:Apr 2007
Message Posted: Aug 23, 2012 9:22:25 PM

SSDW
gravityhurts
Champion Author North Carolina

Posts:5,648
Points:1,651,105
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!
n3tbc
Veteran Author Wilmington

Posts:355
Points:428,425
Joined:Sep 2011
Message Posted: Aug 23, 2012 3:22:35 PM

ok
SUV2009
Champion Author Orlando

Posts:6,726
Points:1,902,145
Joined:Oct 2009
Message Posted: Aug 23, 2012 1:59:01 PM

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

Posts:6,102
Points:1,382,560
Joined:Sep 2011
Message Posted: Aug 23, 2012 12:21:37 PM

old post.
rbrowdersr
Champion Author Detroit

Posts:6,492
Points:2,352,280
Joined:Aug 2006
Message Posted: Aug 23, 2012 11:56:48 AM

Not helping to lower gas prices.
albert2008
Champion Author Winnipeg

Posts:10,556
Points:2,258,570
Joined:Sep 2008
Message Posted: Aug 23, 2012 11:22:24 AM

good stuff
Gas_Buzzer
Champion Author South Carolina

Posts:17,617
Points:3,325,665
Joined:Sep 2005
Message Posted: Aug 23, 2012 10:24:20 AM

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

Posts:11,157
Points:2,399,370
Joined:Jul 2008
Message Posted: Aug 23, 2012 10:04:53 AM

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

Posts:6,796
Points:2,080,115
Joined:Oct 2008
Message Posted: Aug 23, 2012 9:36:37 AM

No relief here!
Wizrd03
Champion Author Illinois

Posts:11,552
Points:2,462,385
Joined:Oct 2008
Message Posted: Aug 23, 2012 9:16:31 AM

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

Posts:22,296
Points:4,255,265
Joined:Oct 2002
Message Posted: Aug 23, 2012 9:08:54 AM

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

Posts:6,049
Points:1,430,925
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.
bbreff
Champion Author Atlanta

Posts:13,155
Points:3,363,980
Joined:Jun 2005
Message Posted: Aug 23, 2012 9:06:01 AM



OLD NEWS

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.
sivart
Champion Author Arkansas

Posts:22,704
Points:3,881,195
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!!
techque
Champion Author St. Louis

Posts:11,798
Points:2,940,765
Joined:Apr 2005
Message Posted: Aug 23, 2012 9:04:31 AM

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

Posts:6,175
Points:1,420,570
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...
Don20
Champion Author Oklahoma City

Posts:13,028
Points:3,416,310
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....
goalie1950
Champion Author Phoenix

Posts:9,786
Points:2,107,940
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!!!!
AC-302
Champion Author Los Angeles

Posts:32,346
Points:3,609,170
Joined:Aug 2004
Message Posted: Aug 23, 2012 9:01:44 AM

Saw this.
truckpdlr
Champion Author Tucson

Posts:6,095
Points:1,898,440
Joined:Sep 2009
Message Posted: Aug 23, 2012 9:01:41 AM

OK
Aserdaten
Champion Author Florida

Posts:5,019
Points:2,763,790
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.
mikerroy
Champion Author Albuquerque

Posts:5,352
Points:1,404,145
Joined:May 2005
Message Posted: Aug 23, 2012 9:00:15 AM

This is Manipulation at work here.
RogerB
Champion Author Indianapolis

Posts:21,478
Points:3,426,610
Joined:Dec 2005
Message Posted: Aug 23, 2012 8:58:51 AM

Another way to provide for price increases.
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.
lonewolfhead
Champion Author Texas

Posts:1,921
Points:1,238,690
Joined:Aug 2011
Message Posted: Aug 23, 2012 8:57:39 AM

ok
Wolfwings
Champion Author Delaware

Posts:11,916
Points:2,578,060
Joined:May 2004
Message Posted: Aug 23, 2012 8:56:53 AM

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

Posts:9,263
Points:506,730
Joined:Mar 2011
Message Posted: Aug 23, 2012 8:56:23 AM

Sounds good
VernonOR
Champion Author Oregon

Posts:6,059
Points:1,521,850
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.
GPD1739P
Champion Author Illinois

Posts:2,726
Points:1,394,850
Joined:Feb 2011
Message Posted: Aug 23, 2012 8:55:05 AM

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

Posts:2,787
Points:789,625
Joined:Jul 2008
Message Posted: Aug 23, 2012 8:54:51 AM

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

Posts:373
Points:877,725
Joined:May 2012
Message Posted: Aug 23, 2012 8:54:42 AM

ok
Harry813
Champion Author Iowa

Posts:4,724
Points:1,371,195
Joined:Jul 2011
Message Posted: Aug 23, 2012 8:52:20 AM

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

Posts:11,007
Points:2,409,000
Joined:Oct 2008
Message Posted: Aug 23, 2012 8:50:19 AM

alright
Wildman14
Champion Author Virginia

Posts:5,974
Points:1,288,255
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.
maske_2222
Champion Author Manitoba

Posts:7,845
Points:1,610,820
Joined:Oct 2008
Message Posted: Aug 23, 2012 8:49:42 AM

Interesting.....
INBwana
Champion Author Indiana

Posts:14,770
Points:1,507,790
Joined:Apr 2011
Message Posted: Aug 23, 2012 8:48:29 AM


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

Posts:914
Points:2,026,260
Joined:Oct 2003
Message Posted: Aug 23, 2012 8:48:24 AM

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

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

So what
JENNYHK
Champion Author Chicago

Posts:5,939
Points:1,339,795
Joined:Apr 2011
Message Posted: Aug 23, 2012 8:47:29 AM

Here comes $6 a gallon.
red5529
Champion Author Alabama

Posts:7,390
Points:2,257,545
Joined:Mar 2008
Message Posted: Aug 23, 2012 8:46:26 AM

ok
iamforiu
Champion Author Indiana

Posts:6,971
Points:1,544,365
Joined:May 2011
Message Posted: Aug 23, 2012 8:46:00 AM

ok
kulwicki7
All-Star Author Virginia

Posts:663
Points:293,145
Joined:Sep 2005
Message Posted: Aug 23, 2012 8:45:51 AM

ok
fxb1
Champion Author Louisiana

Posts:4,254
Points:1,307,160
Joined:Mar 2011
Message Posted: Aug 23, 2012 8:44:41 AM

looks like the price will go up.
Post a reply Back to Topics