Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:19 AM

GasBuddy News Article

62
votes
EIA data shows massive build in gasoline, distillate inventories

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 increased by 1.3 million barrels to a total of 361.3 million barrels. At 361.3 million barrels, inventories are 26.6 million barrels above last year (8%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 7.4 million barrels to 233.1 million barrels. At 233.1 million barrels, inventories are up 9.3 million barrels, or 4.1% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.9mb); Midwest...

Read the Full Article

Submitted Jan 09, 2013 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA data shows massive build in gasoline, distillate inventories Post a Reply Back to Topics
REPLIES (newest first)
First
1234
Next Last
Profile Pic
honda0105
Champion Author Tallahassee

Posts:18,811
Points:1,635,270
Joined:Nov 2008
Message Posted: Jan 13, 2013 5:56:59 AM
 Ignore honda0105 Report Abuse

Lugi: that's b/c Pig Oil CAN raise prices and no one can do a thing about it.
Profile Pic
Lugi1967
Champion Author Ohio

Posts:4,910
Points:1,027,710
Joined:Jun 2010
Message Posted: Jan 12, 2013 8:27:18 AM
 Ignore Lugi1967 Report Abuse

And yet the price of gas spiked up 40 cents this week??
Profile Pic
honda0105
Champion Author Tallahassee

Posts:18,811
Points:1,635,270
Joined:Nov 2008
Message Posted: Jan 12, 2013 6:02:21 AM
 Ignore honda0105 Report Abuse

yawn.
Profile Pic
DeeLA
Champion Author Los Angeles

Posts:4,949
Points:1,390,980
Joined:Nov 2008
Message Posted: Jan 10, 2013 12:22:06 PM
 Ignore DeeLA Report Abuse

Old News.
Profile Pic
Tiernan2012
Champion Author Sacramento

Posts:1,224
Points:202,010
Joined:Oct 2012
Message Posted: Jan 10, 2013 12:10:57 PM
 Ignore Tiernan2012 Report Abuse

But, here in California, the lowest prices at the pump are nudging upwards while the highs are slowly coming down, making the average relatively stable, for now, with slight rises and dips in the overall daily average. So, an increase in supply only keeps the average stable, at best?
Profile Pic
HailstormCA
Champion Author San Diego

Posts:7,955
Points:1,491,945
Joined:Nov 2008
Message Posted: Jan 10, 2013 12:01:31 PM
 Ignore HailstormCA Report Abuse

And why are prices still going up>?
Profile Pic
hatterasjack
Champion Author South Carolina

Posts:1,316
Points:748,750
Joined:Sep 2007
Message Posted: Jan 10, 2013 11:58:10 AM
 Ignore hatterasjack Report Abuse

So why aren't pump prices falling off?
Profile Pic
bridgerunner
Champion Author Virginia

Posts:4,917
Points:1,032,585
Joined:Jul 2009
Message Posted: Jan 10, 2013 11:50:51 AM
 Ignore bridgerunner Report Abuse

There has to be an underlying reason for this.
Profile Pic
DrLyon
Champion Author Michigan

Posts:6,759
Points:1,237,415
Joined:May 2006
Message Posted: Jan 10, 2013 11:49:24 AM
 Ignore DrLyon Report Abuse

So lower the pump prices...
Profile Pic
mhadden
Rookie Author Indiana

Posts:22
Points:86,715
Joined:Mar 2005
Message Posted: Jan 10, 2013 11:49:18 AM
 Ignore mhadden Report Abuse

The laws of supply and demand indicate that fuel costs should go down. But we all know they won't (if anything, they'll go up!)
Profile Pic
briinnc
Champion Author North Carolina

Posts:2,705
Points:834,820
Joined:Jan 2010
Message Posted: Jan 10, 2013 11:44:08 AM
 Ignore briinnc Report Abuse

Again?
Profile Pic
ntass1
Champion Author Edmonton

Posts:3,925
Points:753,775
Joined:May 2011
Message Posted: Jan 10, 2013 11:41:56 AM
 Ignore ntass1 Report Abuse

prices steady here for now.
Profile Pic
chillyman3
Champion Author Illinois

Posts:1,355
Points:443,890
Joined:Jan 2012
Message Posted: Jan 10, 2013 11:41:38 AM
 Ignore chillyman3 Report Abuse

old news
Profile Pic
garyr86
Champion Author Michigan

Posts:2,040
Points:615,980
Joined:Dec 2010
Message Posted: Jan 10, 2013 11:41:38 AM
 Ignore garyr86 Report Abuse

Doesn't really mean a lot to me.
Profile Pic
milespergallon
Champion Author Illinois

Posts:9,880
Points:1,935,085
Joined:Feb 2007
Message Posted: Jan 10, 2013 11:41:02 AM
 Ignore milespergallon Report Abuse

Yesterday
Profile Pic
macike
All-Star Author South Dakota

Posts:808
Points:188,410
Joined:Feb 2012
Message Posted: Jan 10, 2013 11:40:32 AM
 Ignore macike Report Abuse

We need sources of new oil
Profile Pic
zaq001
Champion Author Atlanta

Posts:4,109
Points:1,498,805
Joined:Oct 2008
Message Posted: Jan 10, 2013 11:39:01 AM
 Ignore zaq001 Report Abuse

Good! Now, let's see prices at the pump drop.
Profile Pic
tick1946
Sophomore Author Cincinnati

Posts:121
Points:1,041,745
Joined:Nov 2006
Message Posted: Jan 10, 2013 11:38:23 AM
 Ignore tick1946 Report Abuse

Prices up twenty cents from yesterday.
Profile Pic
radiorumor
Champion Author Texas

Posts:2,941
Points:779,590
Joined:Feb 2011
Message Posted: Jan 10, 2013 11:37:54 AM
 Ignore radiorumor Report Abuse

So when do the lower prices hit the pump? It's up .08 cents since Monday around here.
Profile Pic
dad2two
Champion Author Dallas

Posts:3,644
Points:772,395
Joined:May 2010
Message Posted: Jan 10, 2013 11:32:10 AM
 Ignore dad2two Report Abuse

People can't afford to drive much anymore.
Profile Pic
cricket48750
All-Star Author Michigan

Posts:815
Points:422,990
Joined:May 2011
Message Posted: Jan 10, 2013 11:30:00 AM
 Ignore cricket48750 Report Abuse

Unfortunately inventory levels do not affect prices unless it works in the right direction.
Profile Pic
SUV2009
Champion Author Orlando

Posts:4,483
Points:1,164,265
Joined:Oct 2009
Message Posted: Jan 10, 2013 11:27:56 AM
 Ignore SUV2009 Report Abuse

Along with increases at the pump.
Profile Pic
Edpap
Champion Author Pennsylvania

Posts:4,480
Points:529,675
Joined:Oct 2011
Message Posted: Jan 10, 2013 11:26:17 AM
 Ignore Edpap Report Abuse

Because over half of America is still broke...they should have voted for Romney instead of handouts from Odumbash.
Profile Pic
kpacey
All-Star Author Oklahoma

Posts:638
Points:292,725
Joined:May 2012
Message Posted: Jan 10, 2013 11:25:49 AM
 Ignore kpacey Report Abuse

Hopefully that means prices will be coming down
Profile Pic
SUPERQUACK
Champion Author Sacramento

Posts:6,247
Points:1,937,380
Joined:Jun 2007
Message Posted: Jan 10, 2013 11:23:00 AM
 Ignore SUPERQUACK Report Abuse

LOWER THE PRICE..... HELP THE ECONOMY
Profile Pic
rodzilla123
Champion Author San Diego

Posts:4,530
Points:1,060,095
Joined:Jul 2008
Message Posted: Jan 10, 2013 11:21:10 AM
 Ignore rodzilla123 Report Abuse

YEP!!!!!
Profile Pic
Bud122CA
Champion Author California

Posts:7,596
Points:1,630,850
Joined:Jul 2008
Message Posted: Jan 10, 2013 11:20:55 AM
 Ignore Bud122CA Report Abuse

Gas storage up and selling less, export more to other countries and keep our prices up. Whoes side are they on???
Profile Pic
Catfish93001
Champion Author Ventura

Posts:1,211
Points:250,125
Joined:Jun 2008
Message Posted: Jan 10, 2013 11:19:49 AM
 Ignore Catfish93001 Report Abuse

old news.
Profile Pic
GManCo
Champion Author Colorado Springs

Posts:5,121
Points:976,365
Joined:Sep 2010
Message Posted: Jan 10, 2013 11:17:53 AM
 Ignore GManCo Report Abuse

Prices are dropping.
Profile Pic
wshutton
Champion Author Los Angeles

Posts:1,805
Points:950,900
Joined:Mar 2009
Message Posted: Jan 10, 2013 11:16:53 AM
 Ignore wshutton Report Abuse

I'm certain Romney's Republican speculator buddies will make certain retail prices won't drop.
Profile Pic
ultm8opie
Champion Author Twin Cities

Posts:2,218
Points:539,610
Joined:Jan 2011
Message Posted: Jan 10, 2013 11:08:31 AM
 Ignore ultm8opie Report Abuse

so prices should drop!
Profile Pic
checkitnow
Champion Author Atlanta

Posts:2,131
Points:594,225
Joined:Aug 2010
Message Posted: Jan 10, 2013 11:08:23 AM
 Ignore checkitnow Report Abuse

pump prices have risen almost 30cents around here...
Profile Pic
NorthglennBill
Champion Author Denver

Posts:7,552
Points:1,497,695
Joined:Oct 2008
Message Posted: Jan 10, 2013 11:06:39 AM
 Ignore NorthglennBill Report Abuse

Price of gasoline continues to fall in this area. Great news!
Profile Pic
MDTDriver
Champion Author California

Posts:9,843
Points:2,179,925
Joined:Jul 2006
Message Posted: Jan 10, 2013 11:05:12 AM
 Ignore MDTDriver Report Abuse

But will we see it at the pump?
Profile Pic
arcaneradio
Champion Author Michigan

Posts:2,635
Points:512,990
Joined:Dec 2010
Message Posted: Jan 10, 2013 11:03:52 AM
 Ignore arcaneradio Report Abuse

whatever
Profile Pic
dacofa
Champion Author Nevada

Posts:5,401
Points:1,172,530
Joined:Jan 2010
Message Posted: Jan 10, 2013 11:03:33 AM
 Ignore dacofa Report Abuse

Rationing soon. You watch
Profile Pic
outlaw329
Champion Author Austin

Posts:7,729
Points:1,397,940
Joined:Aug 2008
Message Posted: Jan 10, 2013 11:02:42 AM
 Ignore outlaw329 Report Abuse

Prices rising here!
Profile Pic
VernonOR
Champion Author Oregon

Posts:3,008
Points:757,030
Joined:Aug 2010
Message Posted: Jan 10, 2013 11:02:13 AM
 Ignore VernonOR Report Abuse

Not going down in my home town.
Profile Pic
Emmamae1
Champion Author Illinois

Posts:3,199
Points:614,615
Joined:Oct 2011
Message Posted: Jan 10, 2013 11:01:50 AM
 Ignore Emmamae1 Report Abuse

hopefully prices come down.
Profile Pic
boatcrazyinme
Champion Author Maine

Posts:1,925
Points:552,860
Joined:Apr 2010
Message Posted: Jan 10, 2013 10:59:05 AM
 Ignore boatcrazyinme Report Abuse

same @#$%Z diffrence day!
Profile Pic
idigau22
Champion Author Washington

Posts:23,594
Points:3,227,635
Joined:Apr 2003
Message Posted: Jan 10, 2013 10:57:15 AM
 Ignore idigau22 Report Abuse

$3.59 per gallon in my area.
Profile Pic
skysteve1
Champion Author Victoria

Posts:1,279
Points:401,985
Joined:Jul 2011
Message Posted: Jan 10, 2013 10:56:42 AM
 Ignore skysteve1 Report Abuse

still steady here
Profile Pic
mageetp
Champion Author British Columbia

Posts:3,340
Points:652,460
Joined:Aug 2011
Message Posted: Jan 10, 2013 10:56:31 AM
 Ignore mageetp Report Abuse

old post.
Profile Pic
greenfog
Champion Author Illinois

Posts:6,620
Points:1,664,770
Joined:Feb 2008
Message Posted: Jan 10, 2013 10:56:15 AM
 Ignore greenfog Report Abuse

prices went up 20 cents here yesterday. of course gas inventories have increased, people are out of work and with the limited income they have they can buy gas or heat their home.
Profile Pic
paulweb
All-Star Author Ohio

Posts:902
Points:379,100
Joined:May 2011
Message Posted: Jan 10, 2013 10:56:15 AM
 Ignore paulweb Report Abuse

Prices jumped 20 cents in east-central OH.
Profile Pic
Toppers
Champion Author Atlanta

Posts:9,142
Points:2,497,195
Joined:Mar 2005
Message Posted: Jan 10, 2013 10:51:49 AM
 Ignore Toppers Report Abuse

Prices rocketed after Christmas but have stabilized the past week in ATL
Profile Pic
uglytom
Champion Author Florida

Posts:7,464
Points:1,542,015
Joined:Jul 2007
Message Posted: Jan 10, 2013 10:50:24 AM
 Ignore uglytom Report Abuse

Nevertheless, gas prices jumping up here like a kangaroo would!
Could speculators be controlling the prices?
Profile Pic
91Hilux
Champion Author New Haven

Posts:2,252
Points:705,495
Joined:Aug 2007
Message Posted: Jan 10, 2013 10:50:22 AM
 Ignore 91Hilux Report Abuse

Doesn't matter, prices are still creeping up in CT.

This is direct price gouging and supply manipulation by Big Oil.
Profile Pic
HEBster
Champion Author Kentucky

Posts:8,917
Points:2,399,655
Joined:May 2006
Message Posted: Jan 10, 2013 10:49:06 AM
 Ignore HEBster Report Abuse

& prices have stabilized in KY
Profile Pic
EVBuddy
Champion Author Nevada

Posts:16,825
Points:3,057,345
Joined:Sep 2004
Message Posted: Jan 10, 2013 10:48:04 AM
 Ignore EVBuddy Report Abuse

Small change not massive
Post a reply Back to Topics
First
1234
Next Last
"Consumers working together to save on gas"