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EIA: Gasoline inventories see increase in all regions

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 0.3 million barrels to a total of 374.1 million barrels. At 374.1 million barrels, inventories are 39.4 million barrels above last year (11.8%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 3.9 million barrels to 204.3 million barrels. At 204.3 million barrels, inventories are down 5.6 million barrels, or 2.7% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.3mb); Midwest...


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Submitted Nov 28, 2012 By: PD
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Author Topic: EIA: Gasoline inventories see increase in all regions Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 4, 2012 5:48:06 AM

indyjim: indeed. In most cases it doesn't save anything, but may end up hurting a child or an animal.
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indyjim
Champion Author Indianapolis

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Message Posted: Dec 3, 2012 8:40:02 AM

There are many ways to conserve which will cause prices to drop. The biggest is simply to slow down. Unless one is on an 8 hour trip, jack rabbit starts and fast driving save only seconds on a drive.
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 3, 2012 5:50:44 AM

indy: the keyword there is "should" - that's not accounting for Pig Oil's greed...
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indyjim
Champion Author Indianapolis

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Message Posted: Dec 2, 2012 10:16:48 AM

If we continue to conserve, gas prices should drop.
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 2, 2012 12:21:47 AM

when diesel is back to being lower than gasoline, then the economy will pick up steam again.
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 1, 2012 8:27:05 AM

heyd: I do too. In fact, one station here went from 3.89 to 4.09 overnight for diesel while gas fell from 3.35 to 3.29. Hmmm.. can anyone say subsidizing...?
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heydano67
Champion Author California

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Message Posted: Nov 30, 2012 5:02:49 PM

Still waiting for a retail drop in diesel
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dockersbin
Veteran Author North Carolina

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Message Posted: Nov 30, 2012 2:28:29 PM

prices dropped a few cents around here since the Turkey Day rush is over, which is welcomed, but it sure would be nice to see it fall more!
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charlie123SC
Veteran Author South Carolina

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Message Posted: Nov 30, 2012 12:34:39 PM

Good , If they cain't sell price will drop
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CapriceWagon
Champion Author Washington

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Message Posted: Nov 30, 2012 11:21:33 AM

Prices are bouncing around here, we haven't had a clear decline in a few weeks
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52MPG
Champion Author Dayton

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Message Posted: Nov 30, 2012 1:14:44 AM

Are gas prices going down?
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mfgendron
Champion Author New York

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Message Posted: Nov 30, 2012 12:52:52 AM

I agree with Pete12.
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Pete12
Champion Author Albany

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Message Posted: Nov 29, 2012 7:53:58 PM

If the gas inventory goes up that most probably means the oil that was used to make gas would go down.
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bston
Champion Author Oklahoma City

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Message Posted: Nov 29, 2012 6:57:35 PM

Prices have dropped here in OK.
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jwalkerh
Champion Author Louisiana

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Message Posted: Nov 29, 2012 10:41:49 AM

Not much spending money???
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mainenightowl
Champion Author Maine

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Message Posted: Nov 29, 2012 9:49:56 AM

I've noticed it here in this part of Maine. Prices have spiked anywhere from $0.05 to $0.10 in the past week.
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rbrowdersr
Champion Author Detroit

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Message Posted: Nov 29, 2012 7:05:19 AM

What's new?
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WonderfulMI
Champion Author Michigan

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Message Posted: Nov 29, 2012 6:29:50 AM

So, if inventories are up there should be no "shortage surcharge"?
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tamiuron
Champion Author Laredo

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Message Posted: Nov 29, 2012 6:25:46 AM

up down up down up
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RUNNINONEMPTYFL
Champion Author Florida

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Message Posted: Nov 29, 2012 6:21:56 AM

Here we go again...
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hamdriver
Champion Author Lansing

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Message Posted: Nov 29, 2012 6:03:44 AM

Good stuff...
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Redink
Champion Author Indianapolis

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Message Posted: Nov 29, 2012 6:03:42 AM

Less is being produced; less is also being used.
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forderjunk
Champion Author Maine

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Message Posted: Nov 29, 2012 6:03:41 AM

I was happy to read refinery utilization rate was up, but if you noticed both the east & west coast rates are still lagging behind. Also these same areas that have higher gas prices, which could mean there is a link between supply and demand.
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leeac
Champion Author Ohio

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Message Posted: Nov 29, 2012 6:03:40 AM

If inventories are up (supply up) then economic law says prices should be down.
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smokinjoe54
Champion Author Ohio

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Message Posted: Nov 29, 2012 6:02:59 AM

Old news.
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FieroGT
Champion Author Twin Cities

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Message Posted: Nov 29, 2012 6:02:41 AM

They are big numbers that I don't understand very well. What I'm sensitive to is the pump price at the local gas station.
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ricebike
Champion Author New Jersey

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Message Posted: Nov 29, 2012 5:59:12 AM

well i don't see the price dropping yet to reflect this
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chuckohio
Champion Author Columbus

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Message Posted: Nov 29, 2012 5:57:40 AM

They go up then they go down. Okay
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gabisgram
Champion Author Michigan

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Message Posted: Nov 29, 2012 5:57:21 AM

I'd be nice if it meant lower prices.
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LanguageMan1
Champion Author Tampa

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Message Posted: Nov 29, 2012 5:57:05 AM

Imagine that!
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wulf2000
Champion Author Miami

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Message Posted: Nov 29, 2012 5:56:48 AM

OK
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Hunter114
Champion Author Chicago

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Message Posted: Nov 29, 2012 5:54:14 AM

Gas prices don't follow supply and demand principles.
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BoerneWatch
Champion Author San Antonio

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Message Posted: Nov 29, 2012 5:52:44 AM

Inventories just don't have the effect on prices that they did in the past.

With domestic refining capacity far exceeding domestic demand, that means inventories are not crucial as our refiners can easily produce what we need when we need it.

But, because our dollar is being made less valuable due to our government printing so many of them, the world price of gasoline pulls up what we pay at the pump since others outside the US see gas as being relatively cheap.
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jeff95519
Champion Author California

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Message Posted: Nov 29, 2012 5:51:35 AM

so then what
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isem
Champion Author Missouri

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Message Posted: Nov 29, 2012 5:49:54 AM

Déjà vu
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AvantiMick
Champion Author Indiana

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Message Posted: Nov 29, 2012 5:46:35 AM

Can't count on these lowering prices, but they will increase prices.
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Lengas
Champion Author Gary

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Message Posted: Nov 29, 2012 5:43:15 AM

Gas inventories are up, prices SHOULD go down.
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SBlouch
Champion Author San Antonio

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Message Posted: Nov 29, 2012 5:42:30 AM

Get rid of the EIA and save more money.
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scottydoesnt
Champion Author Chicago

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Message Posted: Nov 29, 2012 5:42:06 AM

Up and down they go. Everyone needs to stop living day by day.
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ILVET
Champion Author Illinois

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Message Posted: Nov 29, 2012 5:41:09 AM

Lets hope it will go down a little
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Beau2140
Champion Author New York

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Message Posted: Nov 29, 2012 5:39:51 AM

Should see a lower price.
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danny999
Champion Author Florida

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Message Posted: Nov 29, 2012 5:39:35 AM

Interesting,because Comex gas has been steady about 2.73/gal.Gas in Bradenton spiked up about 6 cents a gallon just before Thanksgiving/Black friday.
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kd5kpd
Champion Author Texas

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Message Posted: Nov 29, 2012 5:39:28 AM

Useless dribble, prices dont react because of these reports.
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Dailyrun
Champion Author Kentucky

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Message Posted: Nov 29, 2012 5:39:16 AM

It doesn't seem to matter.
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Maintroll
Champion Author Lexington

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Message Posted: Nov 29, 2012 5:37:19 AM

Oh goody, we now have our weekly propaganda report once again.
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neptune2008
Champion Author Michigan

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Message Posted: Nov 29, 2012 5:35:10 AM

no more!!!!
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LeeFree
Champion Author Pittsburgh

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Message Posted: Nov 29, 2012 5:34:09 AM

Not helping prices in this area.
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TommyTraveler
Champion Author Cincinnati

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Message Posted: Nov 29, 2012 5:33:51 AM

Gas is .28 higher here then a year ago. Record profit for big oil as well.
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BigBearHug
Champion Author Amarillo

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Message Posted: Nov 29, 2012 5:30:14 AM

why not
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lenasdude
All-Star Author Alaska

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Message Posted: Nov 29, 2012 5:29:38 AM

They'll figure out a way to rip the public on prices.
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