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Gasoline inventories rise again, says EIA

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 1.0 million barrels to a total of 360.3 million barrels. At 360.3 million barrels, inventories are 29.1 million barrels above last year (8.8%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 1.9 million barrels to 235.0 million barrels. At 235.0 million barrels, inventories are up 7.5 million barrels, or 3.3% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.6mb); Midwest...

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Submitted Jan 16, 2013 By: PD

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sweeteddy Champion Author Indianapolis Posts:3,644 Points:1,708,820 Joined:Aug 2006	Message Posted: Feb 11, 2013 12:18:09 AM Ignore sweeteddy Report Abuse good
Bearcat500 Champion Author Cincinnati Posts:9,835 Points:1,657,535 Joined:Nov 2005	Message Posted: Feb 10, 2013 9:12:23 AM Ignore Bearcat500 Report Abuse OK
pilotmass Champion Author Boston Posts:1,971 Points:530,310 Joined:Jul 2011	Message Posted: Jan 31, 2013 5:44:30 AM Ignore pilotmass Report Abuse Inventory rise so does gas prices. Grrr....
rrs517 Champion Author Colorado Posts:1,065 Points:372,180 Joined:Apr 2006	Message Posted: Jan 30, 2013 5:48:45 AM Ignore rrs517 Report Abuse Good
Vette1967 Champion Author Albany Posts:6,107 Points:1,303,700 Joined:Jun 2009	Message Posted: Jan 29, 2013 11:36:44 PM Ignore Vette1967 Report Abuse So why are pump prices rising?
99dakota Champion Author Providence Posts:8,255 Points:2,200,100 Joined:Oct 2006	Message Posted: Jan 29, 2013 3:32:21 AM Ignore 99dakota Report Abuse Good news, but probably will not affect prices right away.
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Jan 18, 2013 10:10:54 PM Ignore honda0105 Report Abuse we know by now that gasoline inventories do not always translate to lower pump prices.
blupupher Champion Author Houston Posts:3,695 Points:775,745 Joined:Feb 2011	Message Posted: Jan 17, 2013 6:33:58 AM Ignore blupupher Report Abuse yet prices remain high.
FogCitySpotter Champion Author San Francisco Posts:2,620 Points:548,540 Joined:Apr 2007	Message Posted: Jan 17, 2013 5:11:51 AM Ignore FogCitySpotter Report Abuse Ok
pitamon Champion Author Philadelphia Posts:4,992 Points:1,850,870 Joined:Sep 2004	Message Posted: Jan 17, 2013 4:51:43 AM Ignore pitamon Report Abuse So why isn't the price dropping?
nb52 Champion Author Grand Rapids Posts:7,920 Points:1,574,550 Joined:Nov 2008	Message Posted: Jan 17, 2013 4:12:28 AM Ignore nb52 Report Abuse Overpaid bureaucrats at EIA.
kirzon484 Champion Author Atlanta Posts:2,006 Points:460,985 Joined:Jun 2011	Message Posted: Jan 17, 2013 4:03:55 AM Ignore kirzon484 Report Abuse supply up, price down. lets see what excuse they use this time for high prices. should be amusing.
checkum Champion Author St. Louis Posts:7,734 Points:1,500,790 Joined:Jan 2008	Message Posted: Jan 17, 2013 4:03:11 AM Ignore checkum Report Abuse pump price should be a dollar less by now
isem Champion Author Missouri Posts:2,066 Points:450,885 Joined:Feb 2012	Message Posted: Jan 17, 2013 4:03:10 AM Ignore isem Report Abuse This hasn’t helped pump prices much in most places…
SHEP20715 Champion Author Maryland Posts:8,612 Points:1,742,055 Joined:Nov 2007	Message Posted: Jan 17, 2013 4:02:40 AM Ignore SHEP20715 Report Abuse Gas prices are controlled more by global circumstances, the by our inventory
WEB0153 All-Star Author Maryland Posts:952 Points:183,725 Joined:Dec 2012	Message Posted: Jan 17, 2013 4:02:24 AM Ignore WEB0153 Report Abuse Law of economics - Inventories up>Prices should fall.
smqua Champion Author Cleveland Posts:1,752 Points:605,425 Joined:Mar 2011	Message Posted: Jan 17, 2013 4:02:11 AM Ignore smqua Report Abuse Seems like there is a supply to price disconnect
Petrock Champion Author Lexington Posts:9,263 Points:2,585,460 Joined:Apr 2005	Message Posted: Jan 17, 2013 4:01:03 AM Ignore Petrock Report Abuse Inventories are up - let's raise prices!
Ratso Champion Author Ohio Posts:19,001 Points:2,710,995 Joined:Sep 2003	Message Posted: Jan 17, 2013 4:00:29 AM Ignore Ratso Report Abuse they all keep raising the prices though !
Ferdman17 Champion Author Albany Posts:1,420 Points:401,785 Joined:Feb 2012	Message Posted: Jan 17, 2013 3:59:01 AM Ignore Ferdman17 Report Abuse Well w Seems to make no difference anyway.
abk Champion Author Utah Posts:1,855 Points:676,075 Joined:Jan 2010	Message Posted: Jan 17, 2013 3:58:01 AM Ignore abk Report Abuse Need bigger supplies along both coasts to lower prices.
chuckohio Champion Author Columbus Posts:1,394 Points:279,080 Joined:Aug 2012	Message Posted: Jan 17, 2013 3:57:52 AM Ignore chuckohio Report Abuse Okay
SavingInNC Champion Author North Carolina Posts:5,929 Points:1,119,215 Joined:Oct 2006	Message Posted: Jan 17, 2013 3:57:26 AM Ignore SavingInNC Report Abuse Prices go up right along with it.
arinkrat17 Champion Author Twin Cities Posts:6,425 Points:1,358,950 Joined:Aug 2009	Message Posted: Jan 17, 2013 3:56:25 AM Ignore arinkrat17 Report Abuse Prices jumped again at the pumps yesterday crooks
DrivingFool2 Champion Author Appleton Posts:8,727 Points:1,633,565 Joined:Apr 2005	Message Posted: Jan 17, 2013 3:55:11 AM Ignore DrivingFool2 Report Abuse Doh
blitzntj Champion Author Jacksonville Posts:4,799 Points:967,880 Joined:Dec 2007	Message Posted: Jan 17, 2013 3:51:25 AM Ignore blitzntj Report Abuse blah blah blah
Alderaan All-Star Author Greenville Posts:591 Points:255,575 Joined:Feb 2012	Message Posted: Jan 17, 2013 3:50:59 AM Ignore Alderaan Report Abuse You'd THINK this would mean prices would go down.
ILVET Champion Author Illinois Posts:14,934 Points:2,953,015 Joined:Jan 2005	Message Posted: Jan 17, 2013 3:50:48 AM Ignore ILVET Report Abuse Can we move on please
Ziggy1962 Champion Author New Jersey Posts:6,097 Points:1,838,385 Joined:Aug 2006	Message Posted: Jan 17, 2013 3:50:05 AM Ignore Ziggy1962 Report Abuse Old news.
LeeFree Champion Author Pittsburgh Posts:9,291 Points:2,271,150 Joined:Jun 2005	Message Posted: Jan 17, 2013 3:47:09 AM Ignore LeeFree Report Abuse Not translating to lower prices in these parts.
oas Champion Author Maryland Posts:4,370 Points:2,169,115 Joined:Feb 2005	Message Posted: Jan 17, 2013 3:46:36 AM Ignore oas Report Abuse yesterday's news.
fillerupyeoww Champion Author Columbus Posts:6,013 Points:1,676,900 Joined:Mar 2008	Message Posted: Jan 17, 2013 3:45:50 AM Ignore fillerupyeoww Report Abuse Won't help lower pump prices.
jeff95519 Champion Author California Posts:2,592 Points:1,381,940 Joined:Sep 2008	Message Posted: Jan 17, 2013 3:42:07 AM Ignore jeff95519 Report Abuse prices should go down then
Lengas Champion Author Gary Posts:13,698 Points:2,745,475 Joined:Nov 2004	Message Posted: Jan 17, 2013 3:41:19 AM Ignore Lengas Report Abuse $3.199 here
turbodog Champion Author Mississippi Posts:6,891 Points:1,389,165 Joined:Feb 2009	Message Posted: Jan 17, 2013 3:37:33 AM Ignore turbodog Report Abuse Should fall
billy44bo Champion Author Mobile Posts:7,338 Points:1,517,465 Joined:Feb 2008	Message Posted: Jan 17, 2013 3:34:56 AM Ignore billy44bo Report Abuse Dow to $3.08 here was under $2.85 before the holidays.
epf Champion Author Grand Rapids Posts:6,474 Points:1,919,035 Joined:May 2004	Message Posted: Jan 17, 2013 3:30:23 AM Ignore epf Report Abuse I agree with Maintroll
gabisgram Champion Author Michigan Posts:2,326 Points:938,000 Joined:Sep 2006	Message Posted: Jan 17, 2013 3:30:14 AM Ignore gabisgram Report Abuse Gas went down 7 cents yesterday here.
Maintroll Champion Author Lexington Posts:8,774 Points:1,730,835 Joined:Aug 2008	Message Posted: Jan 17, 2013 3:28:27 AM Ignore Maintroll Report Abuse Why do they even waste space printing this garbage every week.
AvantiMick Champion Author Indiana Posts:12,880 Points:2,570,205 Joined:Dec 2005	Message Posted: Jan 17, 2013 3:27:24 AM Ignore AvantiMick Report Abuse Prices dropping all around here, but not here!??
hybridaholic Champion Author Appleton Posts:8,505 Points:1,584,265 Joined:Dec 2008	Message Posted: Jan 17, 2013 3:26:43 AM Ignore hybridaholic Report Abuse Prices should be falling.
Foxt Champion Author Minnesota Posts:5,400 Points:2,048,030 Joined:Jul 2006	Message Posted: Jan 17, 2013 3:25:32 AM Ignore Foxt Report Abuse So are the prices.
vamike Champion Author Virginia Posts:5,451 Points:1,391,975 Joined:Dec 2008	Message Posted: Jan 17, 2013 3:24:00 AM Ignore vamike Report Abuse Yawn
Bonanza Champion Author Boston Posts:12,254 Points:2,578,705 Joined:Jun 2004	Message Posted: Jan 17, 2013 3:23:10 AM Ignore Bonanza Report Abuse Yesterday's news
pfone1847 Champion Author Illinois Posts:3,326 Points:651,280 Joined:Oct 2010	Message Posted: Jan 17, 2013 3:22:12 AM Ignore pfone1847 Report Abuse Lower the prices at the pumps.
74celica Champion Author Columbus Posts:1,570 Points:1,837,400 Joined:May 2006	Message Posted: Jan 17, 2013 3:21:32 AM Ignore 74celica Report Abuse and yet prices remain high
stpetebp Champion Author Tampa Posts:6,368 Points:1,760,280 Joined:Nov 2007	Message Posted: Jan 17, 2013 3:21:13 AM Ignore stpetebp Report Abuse Inventory High... Prices High... Hmmm! [Edited by: stpetebp at 1/17/2013 5:21:43 AM EST]
Dailyrun Champion Author Kentucky Posts:2,122 Points:416,090 Joined:Apr 2012	Message Posted: Jan 17, 2013 3:20:52 AM Ignore Dailyrun Report Abuse and..
gougenator Champion Author Dallas Posts:30,042 Points:3,270,900 Joined:Aug 2003	Message Posted: Jan 17, 2013 3:19:35 AM Ignore gougenator Report Abuse /////It is possible that speculators are keeping the prices up and because the economy is still sluggish, there is little demand and so inventories grow. This is the opposite to what would normally be expected with supply-demand////// no speculators, no artificial price jacking let supply demand work like it should, revive this ecomanie PROSPER! then supply demand will kick the price up on its own okay!
Luckylindy Champion Author Milwaukee Posts:4,655 Points:1,154,770 Joined:May 2008	Message Posted: Jan 17, 2013 3:18:10 AM Ignore Luckylindy Report Abuse My god, Drivefast has figured out the secret equation.