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GasBuddy News Article

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DOE shows unsurprising massive crude inventory decline, gasoline supply gains

GasBuddy Blog -- The Energy Information Administration released its weekly report on the status of petroleum inventories in the United States today.

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories decreased by 11.1 million barrels to a total of 359.9 million barrels. At 359.9 million barrels, inventories are 30.3 million barrels above last year (9.2%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 2.6 million barrels to 225.7 million barrels. At 225.7 million barrels, inventories are up 5.5 million barrels, or 2.5% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.9mb); Midwest...


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Submitted Jan 04, 2013 By: PD
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Author Topic: DOE shows unsurprising massive crude inventory decline, gasoline supply gains Back to Topics
REPLIES (newest first) Post a Reply
mcbrownie220
Sophomore Author Toledo

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Message Posted: Jan 9, 2013 10:22:59 PM

hmmm
honda0105
Champion Author Tallahassee

Posts:24,300
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Message Posted: Jan 6, 2013 5:41:52 AM

crude makes no difference at this point in the game.
bston
Champion Author Oklahoma City

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Message Posted: Jan 5, 2013 4:16:27 PM

We'll see if gas prices reflect these numbers in the long run.
ber5
All-Star Author Chicago

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Points:132,445
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Message Posted: Jan 5, 2013 1:28:37 PM

over all supply is up... shouldn't price be lower??

Especially in the midwest..
DanMtz
Champion Author Oakland

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Message Posted: Jan 5, 2013 9:43:05 AM

And gas prices around here are going up. Hmmm...
fratt
Champion Author Grand Rapids

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Message Posted: Jan 5, 2013 3:01:43 AM

Interesting.
troutbum7
Champion Author Nevada

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Message Posted: Jan 5, 2013 2:59:29 AM

Export it if we have too much keep it here and lower the !$%@&*# prices.
LanguageMan1
Champion Author Tampa

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Message Posted: Jan 5, 2013 2:55:07 AM

I'm really beginning to wonder about their numbers now.
RockCity
Champion Author Denver

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Message Posted: Jan 5, 2013 2:50:41 AM

I missed it. Why was the massive crude inventory unsurprising, perhaps?
jetlagAK
Champion Author Anchorage

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Message Posted: Jan 5, 2013 2:50:26 AM

Barackanomics
Hunter724
Champion Author New Hampshire

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Message Posted: Jan 5, 2013 2:41:51 AM

No reason why fuel prices are so high than....
2smooth1970
Champion Author California

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Message Posted: Jan 5, 2013 2:40:51 AM

Interesting
twobroke61
Champion Author Michigan

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Message Posted: Jan 5, 2013 2:37:15 AM

the yoyo effect
jklh88
Champion Author California

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Message Posted: Jan 5, 2013 2:30:12 AM

Interesting
hybridaholic
Champion Author Appleton

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Message Posted: Jan 5, 2013 2:28:20 AM

Massive manipulation.
snky2k
Champion Author Indianapolis

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Message Posted: Jan 5, 2013 2:27:55 AM

Same old yo-yo. Up and down.
nurdco
Champion Author Colorado Springs

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Message Posted: Jan 5, 2013 2:27:14 AM

Massive umemployment still
Nancy&Len
Champion Author Cleveland

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Message Posted: Jan 5, 2013 2:25:32 AM

Amen SteveMartin!
SHEP20715
Champion Author Maryland

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Message Posted: Jan 5, 2013 2:22:53 AM

We have heard this before
cateyes8264
Champion Author Tennessee

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Message Posted: Jan 5, 2013 2:20:48 AM

just numbers that mean nothing to us
LVNV6ofSpades
Champion Author Las Vegas

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Message Posted: Jan 5, 2013 2:20:21 AM

up & down & up & down
findcheap
Champion Author Los Angeles

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Message Posted: Jan 5, 2013 2:12:32 AM

usual statistics
SteveMartin
Champion Author New Orleans

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Message Posted: Jan 5, 2013 1:57:13 AM

We have 4 more years of high gas prices and high income tax thanks to the morons that voted for the communist.
jacob5066
Champion Author College Station

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Message Posted: Jan 5, 2013 1:52:28 AM

Same 'ol story - prices going back up
twt
Champion Author Virginia Beach

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Message Posted: Jan 5, 2013 1:49:25 AM

Some things, never change.
Pozole
Champion Author Portland

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Message Posted: Jan 5, 2013 1:49:10 AM

...and they're raising gas prices AGAIN...
SkooterG
Champion Author Phoenix

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Message Posted: Jan 5, 2013 1:48:36 AM

So why aren't prices going down?
tomok
Champion Author Portland

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Message Posted: Jan 5, 2013 1:48:09 AM

DOE shows unsurprising massive crude inventory decline, gasoline supply gains and the price of fuel remains high! The story remains the same....
Crude oil inventories decreased, Gasoline inventories increased, Distillate inventories increased, Refinery utilization increased 0.1% from last week numbers, Total US oil stocks are up 4.3% over last year but there are still high fuel prices at the pump. The fuel prices at the pump should be lower to help the economy recover earlier!
Big Oil and Big Gas sells fuel and natural gas on the world market for higher prices to other countries. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down!
Thanks to the Mindless Sheep that voted this bozo back in office.
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! The price at the pump needs to go down to $2/gallon - *$3, *$3.50/gallon or *$4.00 is Not the new low!
More Refineries are Not the answer, Stop exporting fuel is!
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII! - The Day After......
djgunrunner
Champion Author Salt Lake City

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Message Posted: Jan 5, 2013 1:46:28 AM

This would tell me that percentage wise more diesel is being exported than gasoline and that is why the diesel price is too high. The fact that we are above last years inventories makes no difference if big oil can stick it to us. I also believe that the price of diesel is being used to subsidize the price of gasoline.
chuckwthompson
Champion Author Charlotte

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Message Posted: Jan 5, 2013 1:40:12 AM

And yet prices are still climbing...
metrojeep
Champion Author Fort Worth

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Message Posted: Jan 5, 2013 1:37:51 AM

Large inventories and prices at the pumps don't equate. Prices going up here. Go figure....
VikingWoman
Champion Author Washington

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Message Posted: Jan 5, 2013 1:37:24 AM

I liked it better when the speculator talk was about lower fuel prices at the pump. That one seemed to work. Talk about crude is just that - crude.
lgwhitlock
Champion Author Chico

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Message Posted: Jan 5, 2013 1:34:25 AM

Another week another government sponsored speculation report...
bart_reed
Champion Author Los Angeles

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Message Posted: Jan 5, 2013 1:29:56 AM

This doesn't matter to the price at the pump.
ozzy4one
Veteran Author Portland

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Message Posted: Jan 5, 2013 1:28:43 AM

Price's on the rise once again in the Portland Oregon Metro area.Increase's started right after Christmas and haven't stopped going up since.Supply and demand couldn't be lower go figure.
heydano67
Champion Author California

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Message Posted: Jan 5, 2013 1:26:13 AM

Wanting diesel to drop more
gasolineowl
Champion Author Connecticut

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Message Posted: Jan 5, 2013 1:22:57 AM

Gasoline is 3.69 here for the cheapest grade--and the inventories are up?Do sheep fly?
gasolineowl
Champion Author Connecticut

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Message Posted: Jan 5, 2013 1:20:59 AM

Then why did I just pay $.20 more for my heating oil this week.Sounds like bull.
mohammed10
Champion Author Gainesville

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Message Posted: Jan 5, 2013 1:20:28 AM

* yawn *
jcurley
Champion Author California

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Message Posted: Jan 5, 2013 1:18:12 AM

Is that inventory actually on land or in ships cruising the globe?
WTLITNG
Champion Author Virginia

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Message Posted: Jan 5, 2013 1:18:04 AM

old news
goldseeker
Champion Author West Virginia

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Message Posted: Jan 5, 2013 1:14:57 AM

Doesn't mean a thing.
WaWanderer
Champion Author Washington

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Message Posted: Jan 5, 2013 1:14:46 AM

$2.00 gas would be nice to see.
singlemom27
Champion Author Ventura

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Message Posted: Jan 5, 2013 1:11:25 AM

Price manipulation at work.
SnickersDog
Champion Author Denver

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Message Posted: Jan 5, 2013 1:10:14 AM

There letting it drop.
comprof
Champion Author Houston

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Message Posted: Jan 5, 2013 1:07:06 AM

But above last year.
bobdec
Champion Author Miami

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Message Posted: Jan 5, 2013 12:54:20 AM

Just a way to control prices
Quick68
Champion Author Columbus

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Message Posted: Jan 5, 2013 12:45:43 AM

That's because these inventories are government controlled.
sehonda
Champion Author Honolulu

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Message Posted: Jan 5, 2013 12:45:42 AM

price manipulation
BeulahME
Champion Author Maine

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Message Posted: Jan 5, 2013 12:43:10 AM

k
Tigercat88
Champion Author North Carolina

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Message Posted: Jan 5, 2013 12:42:27 AM

Then why are prices going UP?
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