Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:34 PM

GasBuddy News Article

58
votes
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...


Read the Full Article

Submitted Jan 16, 2013 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Gasoline inventories rise again, says EIA Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
sweeteddy
Champion Author Indianapolis

Posts:3,644
Points:1,708,820
Joined:Aug 2006
Message Posted: Feb 11, 2013 12:18:09 AM

good
Profile Pic
Bearcat500
Champion Author Cincinnati

Posts:11,517
Points:1,986,785
Joined:Nov 2005
Message Posted: Feb 10, 2013 9:12:23 AM

OK
Profile Pic
pilotmass
Champion Author Boston

Posts:4,312
Points:990,315
Joined:Jul 2011
Message Posted: Jan 31, 2013 5:44:30 AM

Inventory rise so does gas prices. Grrr....
Profile Pic
rrs517
Champion Author Colorado

Posts:3,196
Points:832,925
Joined:Apr 2006
Message Posted: Jan 30, 2013 5:48:45 AM

Good
Profile Pic
Vette1967
Champion Author Albany

Posts:8,249
Points:1,765,445
Joined:Jun 2009
Message Posted: Jan 29, 2013 11:36:44 PM

So why are pump prices rising?
Profile Pic
99dakota
Champion Author Providence

Posts:10,467
Points:2,659,535
Joined:Oct 2006
Message Posted: Jan 29, 2013 3:32:21 AM

Good news, but probably will not affect prices right away.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,408
Points:2,099,440
Joined:Nov 2008
Message Posted: Jan 18, 2013 10:10:54 PM

we know by now that gasoline inventories do not always translate to lower pump prices.
Profile Pic
blupupher
Champion Author Houston

Posts:5,829
Points:1,233,535
Joined:Feb 2011
Message Posted: Jan 17, 2013 6:33:58 AM

yet prices remain high.
Profile Pic
FogCitySpotter
Champion Author San Francisco

Posts:3,236
Points:753,860
Joined:Apr 2007
Message Posted: Jan 17, 2013 5:11:51 AM

Ok
Profile Pic
pitamon
Champion Author Philadelphia

Posts:6,628
Points:2,280,435
Joined:Sep 2004
Message Posted: Jan 17, 2013 4:51:43 AM

So why isn't the price dropping?
Profile Pic
nb52
Champion Author Grand Rapids

Posts:10,041
Points:2,032,260
Joined:Nov 2008
Message Posted: Jan 17, 2013 4:12:28 AM

Overpaid bureaucrats at EIA.
Profile Pic
kirzon484
Champion Author Atlanta

Posts:4,070
Points:912,575
Joined:Jun 2011
Message Posted: Jan 17, 2013 4:03:55 AM

supply up, price down. lets see what excuse they use this time for high prices. should be amusing.
Profile Pic
checkum
Champion Author St. Louis

Posts:9,829
Points:1,927,335
Joined:Jan 2008
Message Posted: Jan 17, 2013 4:03:11 AM

pump price should be a dollar less by now
Profile Pic
isem
Champion Author Missouri

Posts:4,214
Points:912,840
Joined:Feb 2012
Message Posted: Jan 17, 2013 4:03:10 AM

This hasn’t helped pump prices much in most places…
Profile Pic
SHEP20715
Champion Author Maryland

Posts:10,791
Points:2,202,445
Joined:Nov 2007
Message Posted: Jan 17, 2013 4:02:40 AM

Gas prices are controlled more by global circumstances, the by our inventory
Profile Pic
WEB0153
Champion Author Maryland

Posts:2,859
Points:633,380
Joined:Dec 2012
Message Posted: Jan 17, 2013 4:02:24 AM

Law of economics - Inventories up>Prices should fall.
Profile Pic
smqua
Champion Author Cleveland

Posts:2,623
Points:948,250
Joined:Mar 2011
Message Posted: Jan 17, 2013 4:02:11 AM

Seems like there is a supply to price disconnect
Profile Pic
Petrock
Champion Author Lexington

Posts:11,418
Points:3,047,335
Joined:Apr 2005
Message Posted: Jan 17, 2013 4:01:03 AM

Inventories are up - let's raise prices!
Profile Pic
Ratso
Champion Author Ohio

Posts:22,414
Points:3,169,545
Joined:Sep 2003
Message Posted: Jan 17, 2013 4:00:29 AM

they all keep raising the prices though !
Profile Pic
Ferdman17
Champion Author Albany

Posts:3,430
Points:857,045
Joined:Feb 2012
Message Posted: Jan 17, 2013 3:59:01 AM

Well w
Seems to make no difference anyway.
Profile Pic
abk
Champion Author Utah

Posts:3,125
Points:1,085,600
Joined:Jan 2010
Message Posted: Jan 17, 2013 3:58:01 AM

Need bigger supplies along both coasts to lower prices.
Profile Pic
chuckohio
Champion Author Columbus

Posts:3,395
Points:718,485
Joined:Aug 2012
Message Posted: Jan 17, 2013 3:57:52 AM

Okay
Profile Pic
SavingInNC
Champion Author North Carolina

Posts:7,428
Points:1,523,240
Joined:Oct 2006
Message Posted: Jan 17, 2013 3:57:26 AM

Prices go up right along with it.
Profile Pic
arinkrat17
Champion Author Twin Cities

Posts:8,479
Points:1,816,435
Joined:Aug 2009
Message Posted: Jan 17, 2013 3:56:25 AM

Prices jumped again at the pumps yesterday crooks
Profile Pic
DrivingFool2
Champion Author Appleton

Posts:10,927
Points:2,087,335
Joined:Apr 2005
Message Posted: Jan 17, 2013 3:55:11 AM

Doh
Profile Pic
blitzntj
Champion Author Jacksonville

Posts:6,215
Points:1,267,655
Joined:Dec 2007
Message Posted: Jan 17, 2013 3:51:25 AM

blah blah blah
Profile Pic
Alderaan
Champion Author Greenville

Posts:1,288
Points:389,845
Joined:Feb 2012
Message Posted: Jan 17, 2013 3:50:59 AM

You'd THINK this would mean prices would go down.
Profile Pic
ILVET
Champion Author Illinois

Posts:17,167
Points:3,412,340
Joined:Jan 2005
Message Posted: Jan 17, 2013 3:50:48 AM

Can we move on please
Profile Pic
Ziggy1962
Champion Author New Jersey

Posts:51,887
Points:2,299,565
Joined:Aug 2006
Message Posted: Jan 17, 2013 3:50:05 AM

Old news.
Profile Pic
LeeFree
Champion Author Pittsburgh

Posts:11,391
Points:2,723,800
Joined:Jun 2005
Message Posted: Jan 17, 2013 3:47:09 AM

Not translating to lower prices in these parts.
Profile Pic
oas
Champion Author Maryland

Posts:6,526
Points:2,630,990
Joined:Feb 2005
Message Posted: Jan 17, 2013 3:46:36 AM

yesterday's news.
Profile Pic
fillerupyeoww
Champion Author Columbus

Posts:8,149
Points:2,137,835
Joined:Mar 2008
Message Posted: Jan 17, 2013 3:45:50 AM

Won't help lower pump prices.
Profile Pic
jeff95519
Champion Author California

Posts:4,676
Points:1,840,445
Joined:Sep 2008
Message Posted: Jan 17, 2013 3:42:07 AM

prices should go down then
Profile Pic
Lengas
Champion Author Gary

Posts:15,976
Points:3,207,350
Joined:Nov 2004
Message Posted: Jan 17, 2013 3:41:19 AM

$3.199 here
Profile Pic
turbodog
Champion Author Mississippi

Posts:9,027
Points:1,847,910
Joined:Feb 2009
Message Posted: Jan 17, 2013 3:37:33 AM

Should fall
Profile Pic
billy44bo
Champion Author Mobile

Posts:9,356
Points:1,970,875
Joined:Feb 2008
Message Posted: Jan 17, 2013 3:34:56 AM

Dow to $3.08 here was under $2.85 before the holidays.
Profile Pic
epf
Champion Author Grand Rapids

Posts:8,615
Points:2,377,370
Joined:May 2004
Message Posted: Jan 17, 2013 3:30:23 AM

I agree with Maintroll
Profile Pic
gabisgram
Champion Author Michigan

Posts:4,266
Points:1,352,670
Joined:Sep 2006
Message Posted: Jan 17, 2013 3:30:14 AM

Gas went down 7 cents yesterday here.
Profile Pic
Maintroll
Champion Author Lexington

Posts:10,921
Points:2,192,910
Joined:Aug 2008
Message Posted: Jan 17, 2013 3:28:27 AM

Why do they even waste space printing this garbage every week.
Profile Pic
AvantiMick
Champion Author Indiana

Posts:14,974
Points:3,023,915
Joined:Dec 2005
Message Posted: Jan 17, 2013 3:27:24 AM

Prices dropping all around here, but not here!??
Profile Pic
hybridaholic
Champion Author Appleton

Posts:10,677
Points:2,040,230
Joined:Dec 2008
Message Posted: Jan 17, 2013 3:26:43 AM

Prices should be falling.
Profile Pic
Foxt
Champion Author Minnesota

Posts:7,499
Points:2,504,050
Joined:Jul 2006
Message Posted: Jan 17, 2013 3:25:32 AM

So are the prices.
Profile Pic
vamike
Champion Author Virginia

Posts:7,442
Points:1,837,185
Joined:Dec 2008
Message Posted: Jan 17, 2013 3:24:00 AM

Yawn
Profile Pic
Bonanza
Champion Author Boston

Posts:14,797
Points:3,040,355
Joined:Jun 2004
Message Posted: Jan 17, 2013 3:23:10 AM

Yesterday's news
Profile Pic
pfone1847
Champion Author Illinois

Posts:5,461
Points:1,110,955
Joined:Oct 2010
Message Posted: Jan 17, 2013 3:22:12 AM

Lower the prices at the pumps.
Profile Pic
74celica
Champion Author Columbus

Posts:3,714
Points:2,299,235
Joined:May 2006
Message Posted: Jan 17, 2013 3:21:32 AM

and yet prices remain high
Profile Pic
stpetebp
Champion Author Tampa

Posts:7,392
Points:2,166,975
Joined:Nov 2007
Message Posted: Jan 17, 2013 3:21:13 AM

Inventory High... Prices High... Hmmm!

[Edited by: stpetebp at 1/17/2013 5:21:43 AM EST]
Profile Pic
Dailyrun
Champion Author Kentucky

Posts:2,217
Points:434,915
Joined:Apr 2012
Message Posted: Jan 17, 2013 3:20:52 AM

and..
Profile Pic
gougenator
Champion Author Dallas

Posts:33,061
Points:3,713,135
Joined:Aug 2003
Message Posted: Jan 17, 2013 3:19:35 AM

/////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!
Profile Pic
Luckylindy
Champion Author Milwaukee

Posts:6,509
Points:1,587,270
Joined:May 2008
Message Posted: Jan 17, 2013 3:18:10 AM

My god, Drivefast has figured out the secret equation.
Post a reply Back to Topics