Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:35 PM

GasBuddy News Article

40
votes
EIA: Massive increase in gasoline inventories, could push prices lower

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 2.4 million barrels to a total of 371.8 million barrels. At 371.8 million barrels, inventories are 35.7 million barrels above last year (10.6%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 7.9 million barrels to 212.1 million barrels. At 212.1 million barrels, inventories are down 2.9 million barrels, or 1.3% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.5mb); Midwest...


Read the Full Article

Submitted Dec 05, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Massive increase in gasoline inventories, could push prices lower Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
Bearcat500
Champion Author Cincinnati

Posts:11,520
Points:1,989,195
Joined:Nov 2005
Message Posted: Dec 16, 2012 9:09:13 AM

OK
Profile Pic
CapriceWagon
Champion Author Washington

Posts:1,449
Points:980,725
Joined:Feb 2008
Message Posted: Dec 13, 2012 3:09:30 PM

They're dropping ever so slightly in Washington, $3.22 I saw this morning
Profile Pic
txrojo2005
Champion Author Austin

Posts:1,334
Points:962,480
Joined:May 2011
Message Posted: Dec 13, 2012 12:40:40 PM

Prices are dropping in Central Texas.
Profile Pic
WanderDan
All-Star Author Dayton

Posts:670
Points:396,035
Joined:Nov 2012
Message Posted: Dec 13, 2012 10:36:49 AM

may drop a little-- just enough to keep us on the juice.
Profile Pic
sjf238
Champion Author Philadelphia

Posts:1,215
Points:650,655
Joined:Mar 2011
Message Posted: Dec 13, 2012 9:19:42 AM

OK.
Profile Pic
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: Dec 11, 2012 8:50:05 AM

lower price always good
Profile Pic
dockersbin
Veteran Author North Carolina

Posts:433
Points:713,525
Joined:May 2006
Message Posted: Dec 9, 2012 7:34:17 PM

better to have than to not
Profile Pic
MinnesotaDJ
Champion Author Minnesota

Posts:6,607
Points:1,254,345
Joined:Feb 2010
Message Posted: Dec 9, 2012 3:51:34 PM

What about the refinery investigations from Sandy? Let's hear about that first!
Profile Pic
hogrider12
Rookie Author Phoenix

Posts:10
Points:470
Joined:Nov 2012
Message Posted: Dec 9, 2012 11:56:31 AM

heres hoping
Profile Pic
skidsteer85xt
Champion Author Indiana

Posts:10,814
Points:786,850
Joined:Oct 2012
Message Posted: Dec 7, 2012 7:38:32 AM

THR MORE THE BETTER
Profile Pic
Ray_10589
Champion Author New York

Posts:7,371
Points:1,766,815
Joined:May 2009
Message Posted: Dec 6, 2012 11:01:19 PM

gas too high
Profile Pic
skybiker
Champion Author South Carolina

Posts:9,115
Points:2,117,445
Joined:Jul 2008
Message Posted: Dec 6, 2012 9:56:56 PM

Bout time,,,,
Profile Pic
DanMtz
Champion Author Oakland

Posts:5,948
Points:1,845,765
Joined:Oct 2009
Message Posted: Dec 6, 2012 5:56:41 PM

...unless, of course, there are other refinery "mishaps".
Profile Pic
merlinCO
Champion Author Colorado

Posts:4,217
Points:936,335
Joined:Mar 2012
Message Posted: Dec 6, 2012 8:26:00 AM

? Oh yeah the market is dictated by financial wizzards not supply and demand.
Profile Pic
eschroth442
Champion Author Cleveland

Posts:2,698
Points:743,260
Joined:Nov 2011
Message Posted: Dec 6, 2012 8:08:04 AM

don't worry, something "{minor",sorry MAJOR will ahppen and the price to us will soar!!!
Profile Pic
jetlagAK
Champion Author Anchorage

Posts:2,524
Points:722,230
Joined:Jan 2010
Message Posted: Dec 6, 2012 4:12:00 AM

Yeah right.
Profile Pic
RockCity
Champion Author Denver

Posts:10,688
Points:2,022,250
Joined:Mar 2009
Message Posted: Dec 6, 2012 4:06:17 AM

My money is on the, could push prices higher side, perhaps.
Profile Pic
fillerupyeoww
Champion Author Columbus

Posts:8,458
Points:2,250,460
Joined:Mar 2008
Message Posted: Dec 6, 2012 4:05:02 AM

Shoulda woulda coulda.
Profile Pic
isem
Champion Author Missouri

Posts:4,519
Points:1,025,465
Joined:Feb 2012
Message Posted: Dec 6, 2012 4:03:28 AM

Lower is a relative term. The drop of a few cents at the pump will not make up for the dollars that have been added to the pump price in just a few short years. Sub $2.00 gas will never be back.
Profile Pic
LeeFree
Champion Author Pittsburgh

Posts:11,698
Points:2,836,425
Joined:Jun 2005
Message Posted: Dec 6, 2012 4:03:07 AM

I keep waiting for that big price drop at the pump but it's holding firm at $3.59/gal in my area.
Profile Pic
bassakwards007
Champion Author Orange County

Posts:3,659
Points:842,600
Joined:Aug 2012
Message Posted: Dec 6, 2012 4:02:02 AM

Hope so
Profile Pic
chuckwthompson
Champion Author Charlotte

Posts:6,370
Points:1,179,260
Joined:Sep 2011
Message Posted: Dec 6, 2012 4:01:46 AM

Heart be still!
Profile Pic
Z06KY
Champion Author Louisville

Posts:7,777
Points:1,505,565
Joined:Nov 2010
Message Posted: Dec 6, 2012 3:56:33 AM

Outstanding but will it effect the pump is another thing.
Profile Pic
tco0102
Champion Author Charleston

Posts:10,120
Points:2,352,000
Joined:May 2007
Message Posted: Dec 6, 2012 3:56:28 AM

just keep the prices low...
Profile Pic
chuckohio
Champion Author Columbus

Posts:3,672
Points:823,905
Joined:Aug 2012
Message Posted: Dec 6, 2012 3:55:51 AM

Not too soon for me
Profile Pic
vamike
Champion Author Virginia

Posts:7,688
Points:1,944,255
Joined:Dec 2008
Message Posted: Dec 6, 2012 3:55:11 AM

So could going into a depression.
Profile Pic
scottydoesnt
Champion Author Chicago

Posts:4,552
Points:608,750
Joined:Apr 2011
Message Posted: Dec 6, 2012 3:53:27 AM

Up and down. Everyone seems to tell a different story.
Profile Pic
pfone1847
Champion Author Illinois

Posts:5,766
Points:1,223,580
Joined:Oct 2010
Message Posted: Dec 6, 2012 3:53:16 AM

Let's see those lower prices.
Profile Pic
crmedic
Champion Author Arkansas

Posts:5,465
Points:664,020
Joined:Jul 2011
Message Posted: Dec 6, 2012 3:50:57 AM

Yesterdays news.
Profile Pic
VetteFan
Champion Author Indiana

Posts:11,318
Points:2,391,225
Joined:Aug 2005
Message Posted: Dec 6, 2012 3:50:57 AM

Looks like refineries have gotten back on line. Good news for consumers.
Profile Pic
JLSindy
Champion Author Cleveland

Posts:5,527
Points:1,247,020
Joined:Aug 2005
Message Posted: Dec 6, 2012 3:49:52 AM

Gas prices not a supply and demand item - gas prices rising again here in NE OHIO.
Profile Pic
gabisgram
Champion Author Michigan

Posts:4,383
Points:1,396,215
Joined:Sep 2006
Message Posted: Dec 6, 2012 3:49:00 AM

Well, it says that Michigan prices are on the rise this morning.....
Profile Pic
warlord1
Champion Author Georgia

Posts:7,418
Points:1,612,680
Joined:May 2010
Message Posted: Dec 6, 2012 3:48:53 AM

I won't believe lower gas prices until we see it all Ive seen so far is alot of talk!!!!!!!!!!!!
Profile Pic
dudleydolittle
Champion Author Cleveland

Posts:7,051
Points:1,181,285
Joined:Sep 2011
Message Posted: Dec 6, 2012 3:46:51 AM

and the problem is....
Profile Pic
ILVET
Champion Author Illinois

Posts:17,505
Points:3,524,965
Joined:Jan 2005
Message Posted: Dec 6, 2012 3:46:26 AM

Price has nothing to do with supply or demand
Profile Pic
neptune2008
Champion Author Michigan

Posts:10,290
Points:2,189,660
Joined:Aug 2008
Message Posted: Dec 6, 2012 3:45:45 AM

just in time for the price to INCREASE over 25 cents...???
Profile Pic
bigsranch
Champion Author Houston

Posts:3,751
Points:1,161,260
Joined:Apr 2007
Message Posted: Dec 6, 2012 3:42:59 AM

Massive recession could push the prices lower, also.
Profile Pic
FMREALTOR
Champion Author Florida

Posts:8,965
Points:2,292,505
Joined:Jan 2007
Message Posted: Dec 6, 2012 3:41:44 AM

Could?????
Profile Pic
TommyTraveler
Champion Author Cincinnati

Posts:11,271
Points:2,297,865
Joined:Nov 2007
Message Posted: Dec 6, 2012 3:40:23 AM

We are getting hised by $1.50 per gallon. Thieves.
Profile Pic
dylan126
Champion Author Cleveland

Posts:7,048
Points:1,186,520
Joined:Sep 2011
Message Posted: Dec 6, 2012 3:40:19 AM

very doubtful...
Profile Pic
Lengas
Champion Author Gary

Posts:16,299
Points:3,319,975
Joined:Nov 2004
Message Posted: Dec 6, 2012 3:39:14 AM

Big Oil Manipilation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Profile Pic
rosyLI
Champion Author Long Island

Posts:8,130
Points:1,639,810
Joined:Apr 2010
Message Posted: Dec 6, 2012 3:36:33 AM

Nice story if you believe the government and fairy tales.
Profile Pic
Rednix
Champion Author Miami

Posts:8,632
Points:1,868,260
Joined:Jul 2009
Message Posted: Dec 6, 2012 3:34:21 AM

More oil in reserves than last year. Let's see lower prices.
Profile Pic
heysailor
Champion Author Pittsburgh

Posts:12,173
Points:2,933,330
Joined:Mar 2006
Message Posted: Dec 6, 2012 3:33:05 AM

Old news
Profile Pic
AvantiMick
Champion Author Indiana

Posts:15,271
Points:3,134,235
Joined:Dec 2005
Message Posted: Dec 6, 2012 3:28:52 AM

Quit talking about it and just do it!
Profile Pic
teamsimons
Champion Author South Carolina

Posts:4,027
Points:1,011,035
Joined:Aug 2011
Message Posted: Dec 6, 2012 3:28:38 AM

Another set of inventories! What does it mean for gas prices? Unfortunately, not much.
Profile Pic
Foxt
Champion Author Minnesota

Posts:7,798
Points:2,615,430
Joined:Jul 2006
Message Posted: Dec 6, 2012 3:28:08 AM

They'll have another twenty cent spike and then penny down the week before Christmas and everyone will go yeah, gas prices are coming down. Just like they did for Thanksgiving.
Profile Pic
Dailyrun
Champion Author Kentucky

Posts:2,217
Points:434,915
Joined:Apr 2012
Message Posted: Dec 6, 2012 3:27:56 AM

good
Profile Pic
Bonanza
Champion Author Boston

Posts:15,161
Points:3,152,980
Joined:Jun 2004
Message Posted: Dec 6, 2012 3:27:27 AM

Yesterday's news
Profile Pic
Chem60
Champion Author Tallahassee

Posts:7,240
Points:1,413,785
Joined:Oct 2010
Message Posted: Dec 6, 2012 3:27:01 AM

I won't hold mine either!
Post a reply Back to Topics