Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:55 PM

GasBuddy News Article

57
votes
Why the Energy Information Administration weekly report matters

GasBuddy Blog -- If you've failed to realize, it's Wednesday, the day of the week that the Energy Information Administration (EIA), a wing of the Department of Energy, typically releases a weekly petroleum status report. Well, as there was a legal holiday Monday, the release of the weekly report is pushed back a day. So instead of highlighting the report today, I'll take a moment to explain why the report is likely one of the biggest factors into gasoline prices.

The report highlights changes in supply, demand, and basically everything in between. It gives a glimpse into the refining sector, how much of their capacity they've been using, how much oil is being imported into the U.S., as well as how much oil is stockpiled in the Strategic Petroleum...


Read the Full Article

Submitted Jan 23, 2013 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Why the Energy Information Administration weekly report matters Back to Topics
REPLIES (newest first) Post a Reply
Methodist
Champion Author Indiana

Posts:4,276
Points:982,430
Joined:Mar 2008
Message Posted: Mar 5, 2013 1:41:38 PM

ok
99dakota
Champion Author Providence

Posts:11,563
Points:2,975,800
Joined:Oct 2006
Message Posted: Jan 27, 2013 4:20:06 AM

We have an energy administration office, but have no national energy plan. What's wrong with this picture?
honda0105
Champion Author Tallahassee

Posts:24,300
Points:2,435,365
Joined:Nov 2008
Message Posted: Jan 26, 2013 3:54:15 AM

ericb: you're right.
coyotegirl1
Rookie Author Illinois

Posts:43
Points:757,225
Joined:Dec 2012
Message Posted: Jan 24, 2013 11:33:23 PM

This is very informative and I'm sure there's much more to learn from all of these reports from the EIA.
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Jan 24, 2013 7:31:45 PM

The EIA must flabbergasted.
CapriceWagon
Champion Author Washington

Posts:1,505
Points:1,153,915
Joined:Feb 2008
Message Posted: Jan 24, 2013 9:43:56 AM

The gubment still makes more on a barrel of oil than the oil companies do, yet there's talk of raising gas taxes? If they can't be trusted with the money they're stealing from us now, how can we trust them with more of our money?
RUNNINONEMPTYFL
Champion Author Florida

Posts:1,463
Points:522,100
Joined:May 2011
Message Posted: Jan 24, 2013 7:42:17 AM

Here we go again...
chuckohio
Champion Author Columbus

Posts:4,405
Points:1,034,950
Joined:Aug 2012
Message Posted: Jan 24, 2013 4:51:50 AM

Keep demanding and buying alternatives and prices will come down.
us412
Champion Author Arkansas

Posts:28,180
Points:3,207,000
Joined:Apr 2006
Message Posted: Jan 24, 2013 4:28:51 AM

"If Americans would drive more fuel efficient cars en masse, we could theoretically notice lower demand, and thus prices could fall-" but then the refiners to maintain profit margins would close plants to restrict supply so as to match the newer demand levels and prices, so we would not see lower pump prices.
WonderfulMI
Champion Author Michigan

Posts:15,215
Points:2,615,800
Joined:Jun 2008
Message Posted: Jan 24, 2013 4:22:25 AM

Republican prefer to live in ignorance and fear.
singlemom27
Champion Author Ventura

Posts:6,367
Points:1,443,220
Joined:Apr 2011
Message Posted: Jan 24, 2013 4:05:06 AM

but it doesn't...
Settjec
Champion Author Little Rock

Posts:5,260
Points:1,477,295
Joined:May 2010
Message Posted: Jan 24, 2013 4:04:41 AM

more money going out the window for more idiots
Ferdman17
Champion Author Albany

Posts:4,452
Points:1,190,505
Joined:Feb 2012
Message Posted: Jan 24, 2013 4:01:40 AM

It matters so the speculators can drive the prices up or down
alphanyr
Champion Author Connecticut

Posts:11,870
Points:1,496,400
Joined:Apr 2011
Message Posted: Jan 24, 2013 4:01:36 AM

Did know thanks
anayguy
Sophomore Author Akron

Posts:243
Points:1,355,890
Joined:Sep 2008
Message Posted: Jan 24, 2013 4:00:58 AM

I never paid attention unless it was here
katmandue
Champion Author Detroit

Posts:9,416
Points:2,412,570
Joined:Jul 2006
Message Posted: Jan 24, 2013 4:00:30 AM

out today
bassakwards007
Champion Author Orange County

Posts:4,411
Points:1,068,075
Joined:Aug 2012
Message Posted: Jan 24, 2013 3:59:49 AM

Ok then
Alderaan
Champion Author Greenville

Posts:1,288
Points:389,845
Joined:Feb 2012
Message Posted: Jan 24, 2013 3:58:56 AM

okay
Pointtx
Champion Author Austin

Posts:6,418
Points:1,509,100
Joined:Mar 2011
Message Posted: Jan 24, 2013 3:56:50 AM

Likely? Let's see a chart comparing stockpiles with gas prices. You'll see movement in one where there is none in the other. It has nothing to do with supply and demand, it's about the speculators in a commodity market. If THEY care, then it has an impact.
raccoon2011
Champion Author Massachusetts

Posts:4,772
Points:1,155,015
Joined:Aug 2011
Message Posted: Jan 24, 2013 3:56:45 AM

ok
Petrock
Champion Author Lexington

Posts:12,509
Points:3,387,260
Joined:Apr 2005
Message Posted: Jan 24, 2013 3:54:19 AM

This is about the only transparency there will be in the refining business.
NO_SWEAT
Champion Author Toronto

Posts:7,510
Points:1,862,765
Joined:Jul 2008
Message Posted: Jan 24, 2013 3:53:50 AM

Ok
2parrots
Champion Author Massachusetts

Posts:5,139
Points:1,174,670
Joined:May 2012
Message Posted: Jan 24, 2013 3:53:41 AM

It`s very easy to blame Obama .Just listen to his statements .Either he told the truth when he said he was in favor of European like prices for gas & utilities or he lied. Did he try to mislead us then or now ?? .You can`t have your cake & eat it .
scottydoesnt
Champion Author Chicago

Posts:4,552
Points:608,750
Joined:Apr 2011
Message Posted: Jan 24, 2013 3:52:47 AM

I wish there were long term plans. No one seems to know where we are heading in the next few years.
Rednix
Champion Author Miami

Posts:9,392
Points:2,091,685
Joined:Jul 2009
Message Posted: Jan 24, 2013 3:51:58 AM

It tells of supply and demand.
afghaned
Champion Author Ottawa

Posts:16,419
Points:2,095,215
Joined:May 2004
Message Posted: Jan 24, 2013 3:51:44 AM

Speculators love these reports.
LeeFree
Champion Author Pittsburgh

Posts:12,479
Points:3,043,725
Joined:Jun 2005
Message Posted: Jan 24, 2013 3:50:46 AM

It matters more for the speculators who use decreasing supply as a reason to jack up prices even though there is still plenty of supply to go around.
jeff95519
Champion Author California

Posts:5,760
Points:2,178,710
Joined:Sep 2008
Message Posted: Jan 24, 2013 3:50:24 AM

will then what
kirzon484
Champion Author Atlanta

Posts:5,124
Points:1,246,630
Joined:Jun 2011
Message Posted: Jan 24, 2013 3:50:18 AM

the weeks go so fast these days i hardly notice it has been a week in between
Jamer
Champion Author Las Vegas

Posts:9,479
Points:1,772,910
Joined:Jul 2002
Message Posted: Jan 24, 2013 3:50:12 AM

I'm still against the EPA and it's radical policies.
CarefulDriver
Champion Author Ann Arbor

Posts:3,713
Points:1,019,725
Joined:Aug 2012
Message Posted: Jan 24, 2013 3:49:40 AM

It absolutely matters.
ncclyde
Champion Author Charlotte

Posts:18,865
Points:3,188,105
Joined:Dec 2005
Message Posted: Jan 24, 2013 3:48:43 AM

just another wast of tax dollars. send them all home!
ILVET
Champion Author Illinois

Posts:18,417
Points:3,732,145
Joined:Jan 2005
Message Posted: Jan 24, 2013 3:48:41 AM

And how much of this report is true?
Lengas
Champion Author Gary

Posts:17,146
Points:3,527,275
Joined:Nov 2004
Message Posted: Jan 24, 2013 3:48:29 AM

Still Big Oil Manipilation.
KrsnaDragon
Champion Author Montreal

Posts:6,150
Points:1,336,270
Joined:Nov 2011
Message Posted: Jan 24, 2013 3:45:52 AM

Speculation breeds despair.
jacob5066
Champion Author College Station

Posts:5,223
Points:1,248,470
Joined:Feb 2012
Message Posted: Jan 24, 2013 3:42:41 AM

Interesting
mystic92
Champion Author New Jersey

Posts:4,516
Points:1,129,185
Joined:May 2012
Message Posted: Jan 24, 2013 3:42:14 AM

it really does not matter to me. Just the bottom line
neptune2008
Champion Author Michigan

Posts:10,873
Points:2,389,425
Joined:Aug 2008
Message Posted: Jan 24, 2013 3:38:54 AM

what??? haha
SHEP20715
Champion Author Maryland

Posts:11,954
Points:2,521,990
Joined:Nov 2007
Message Posted: Jan 24, 2013 3:38:09 AM

This is a very good explanation of the importance of the EIA. Unfortunately most people wont read it and a large percentage of those who do will not believe it. Most of them will still blame President Obama and or his administration. Then again there is no accounting for the lack of intelligence of some people.
vamike
Champion Author Virginia

Posts:8,331
Points:2,160,275
Joined:Dec 2008
Message Posted: Jan 24, 2013 3:37:24 AM

Coming tomorrow: "Why Speculation Matters."
warlord1
Champion Author Georgia

Posts:7,838
Points:1,800,935
Joined:May 2010
Message Posted: Jan 24, 2013 3:37:04 AM

ok
gabisgram
Champion Author Michigan

Posts:4,408
Points:1,436,015
Joined:Sep 2006
Message Posted: Jan 24, 2013 3:32:25 AM

Figures don't lie, but liars figure.
D4444J
Champion Author Albuquerque

Posts:5,145
Points:1,383,720
Joined:Aug 2011
Message Posted: Jan 24, 2013 3:32:14 AM

It is just another government report that's a waste of time. Supply & Demand module has no meaning in gas pricing.
metrojeep
Champion Author Fort Worth

Posts:5,724
Points:1,263,220
Joined:Feb 2012
Message Posted: Jan 24, 2013 3:31:46 AM

More numbers
SavingInNC
Champion Author North Carolina

Posts:7,429
Points:1,785,010
Joined:Oct 2006
Message Posted: Jan 24, 2013 3:31:22 AM

Shut them down. They make up stuff just to look like they are necessary.
Tru2psu2
Champion Author Winston-Salem

Posts:18,482
Points:2,312,480
Joined:Feb 2004
Message Posted: Jan 24, 2013 3:30:59 AM

We need more refineries!
DrCashFlow
Champion Author Massachusetts

Posts:10,303
Points:2,414,610
Joined:Jun 2008
Message Posted: Jan 24, 2013 3:30:19 AM

refinery capacity is key
Foxt
Champion Author Minnesota

Posts:8,573
Points:2,821,445
Joined:Jul 2006
Message Posted: Jan 24, 2013 3:29:28 AM

Why would anybody think it would really matter. Just another government agency sucking tax dollars with no justification.
billy44bo
Champion Author Mobile

Posts:10,349
Points:2,285,185
Joined:Feb 2008
Message Posted: Jan 24, 2013 3:28:05 AM

ssdd
Bus936
Champion Author Lexington

Posts:19,826
Points:4,029,480
Joined:May 2004
Message Posted: Jan 24, 2013 3:27:59 AM

And I don't believe half of what they say and claim.
danny999
Champion Author Florida

Posts:12,102
Points:2,448,110
Joined:Oct 2008
Message Posted: Jan 24, 2013 3:27:09 AM

Choice spot for insider trading.
Post a reply Back to Topics