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EIA: Crude inventories still lush, gasoline supply dropping in Great Lakes

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 1.1 million barrels to a total of 375.9 million barrels. At 375.9 million barrels, inventories are 38.9 million barrels above last year (11.5%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 0.4 million barrels to 201.9 million barrels. At 201.9 million barrels, inventories are down 3.2 million barrels, or 1.6% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-1.5mb); Midwest...

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Submitted Nov 15, 2012 By: PD

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Gas4Gore Champion Author Detroit Posts:2,524 Points:444,225 Joined:Jan 2010	Message Posted: Dec 4, 2012 6:40:26 PM Ignore Gas4Gore Report Abuse Well let us build it back up.
Donatelo Champion Author Dayton Posts:1,168 Points:307,705 Joined:Apr 2011	Message Posted: Nov 29, 2012 10:00:03 AM Ignore Donatelo Report Abuse ok
danmckdude Rookie Author Detroit Posts:47 Points:205,920 Joined:Aug 2012	Message Posted: Nov 29, 2012 9:56:10 AM Ignore danmckdude Report Abuse lets get better mileage from our cars so the demand for crude drops, which drops gas prices.
CapriceWagon Champion Author Washington Posts:1,009 Points:502,870 Joined:Feb 2008	Message Posted: Nov 21, 2012 8:49:07 AM Ignore CapriceWagon Report Abuse I always try to avoid buying gas anywhere near Chicago, or avoid it altogether since it's now a war zone
txrojo2005 All-Star Author Austin Posts:801 Points:500,140 Joined:May 2011	Message Posted: Nov 20, 2012 11:31:51 AM Ignore txrojo2005 Report Abuse OK
txrojo2005 All-Star Author Austin Posts:801 Points:500,140 Joined:May 2011	Message Posted: Nov 20, 2012 11:31:49 AM Ignore txrojo2005 Report Abuse OK
paulweb All-Star Author Ohio Posts:907 Points:380,075 Joined:May 2011	Message Posted: Nov 20, 2012 11:02:04 AM Ignore paulweb Report Abuse cool, dude.
paulweb All-Star Author Ohio Posts:907 Points:380,075 Joined:May 2011	Message Posted: Nov 20, 2012 11:00:36 AM Ignore paulweb Report Abuse Can we refine some of that 'oil stock' into gasoline and lower the price a bit? Then we would all have something to be thankful for.
Bonanza Champion Author Boston Posts:12,254 Points:2,578,705 Joined:Jun 2004	Message Posted: Nov 20, 2012 4:15:59 AM Ignore Bonanza Report Abuse Fine, but we need lower prices at the pump
1006 Champion Author Birmingham Posts:1,106 Points:1,371,110 Joined:Apr 2008	Message Posted: Nov 19, 2012 8:54:52 PM Ignore 1006 Report Abuse Suppose we will go with it at this point.
1006 Champion Author Birmingham Posts:1,106 Points:1,371,110 Joined:Apr 2008	Message Posted: Nov 19, 2012 5:35:40 AM Ignore 1006 Report Abuse WHAT THE HECK
Gas4Gore Champion Author Detroit Posts:2,524 Points:444,225 Joined:Jan 2010	Message Posted: Nov 18, 2012 7:06:56 AM Ignore Gas4Gore Report Abuse Great and Oh no!
Delta258 Sophomore Author Fresno Posts:106 Points:21,110 Joined:Jun 2011	Message Posted: Nov 17, 2012 12:58:44 AM Ignore Delta258 Report Abuse gas $$ are steady in my area so this is not helping.
spiderjay Champion Author Little Rock Posts:4,773 Points:1,283,935 Joined:Oct 2005	Message Posted: Nov 16, 2012 11:23:36 PM Ignore spiderjay Report Abuse WOOD TOO
benjy Champion Author Chicago Posts:8,706 Points:1,815,070 Joined:Nov 2003	Message Posted: Nov 16, 2012 9:14:04 PM Ignore benjy Report Abuse true...
dudleydolittle Champion Author Cleveland Posts:4,573 Points:617,395 Joined:Sep 2011	Message Posted: Nov 16, 2012 5:24:38 PM Ignore dudleydolittle Report Abuse see this about every day
52MPG Champion Author Dayton Posts:7,397 Points:1,768,430 Joined:Apr 2006	Message Posted: Nov 16, 2012 2:06:06 PM Ignore 52MPG Report Abuse Lots of oil.
HailstormCA Champion Author San Diego Posts:7,955 Points:1,491,945 Joined:Nov 2008	Message Posted: Nov 16, 2012 1:35:32 PM Ignore HailstormCA Report Abuse Same ol' same ol'
matthwbar Champion Author Toledo Posts:4,198 Points:1,044,530 Joined:Jun 2007	Message Posted: Nov 16, 2012 12:54:27 PM Ignore matthwbar Report Abuse And we're still at $3.50...
firechief Champion Author New York Posts:3,521 Points:2,090,400 Joined:Mar 2004	Message Posted: Nov 16, 2012 12:36:56 PM Ignore firechief Report Abuse is this an old article, I thought I read this already
IMLURCH Champion Author Minnesota Posts:2,319 Points:1,129,905 Joined:Mar 2009	Message Posted: Nov 16, 2012 12:21:14 PM Ignore IMLURCH Report Abuse Old News
twinfanMN Champion Author Minnesota Posts:1,695 Points:473,880 Joined:Jun 2011	Message Posted: Nov 16, 2012 12:20:32 PM Ignore twinfanMN Report Abuse I have never seen a connection to this post and prices in my area
mattf373 Champion Author Atlanta Posts:2,434 Points:517,025 Joined:Mar 2003	Message Posted: Nov 16, 2012 12:16:25 PM Ignore mattf373 Report Abuse prices dropping here
Wolfwings Champion Author Delaware Posts:8,876 Points:1,803,190 Joined:May 2004	Message Posted: Nov 16, 2012 12:16:22 PM Ignore Wolfwings Report Abuse Prices at the pump should drop at the same rate that inventories rise. Of course, we could all drive less, and force the prices down, too.
SSchmidty Champion Author Illinois Posts:9,487 Points:1,803,630 Joined:Mar 2008	Message Posted: Nov 16, 2012 12:16:00 PM Ignore SSchmidty Report Abuse Can we stop confusing INTENDED restrictions in amt of refining as a STANDARD practice by pig-oil industry to maintain higher gas prices EVEN while the actual purchases continue the drop in buying since 11/2007?!?!
Point__man Champion Author Raleigh Posts:4,473 Points:905,315 Joined:Oct 2010	Message Posted: Nov 16, 2012 12:15:14 PM Ignore Point__man Report Abuse Prices up 10cents a gallon here last night ;)
no8c Champion Author Ohio Posts:2,934 Points:732,100 Joined:Jul 2008	Message Posted: Nov 16, 2012 12:15:13 PM Ignore no8c Report Abuse Thanks for posting this article!
Vitobug Champion Author El Paso Posts:1,979 Points:662,440 Joined:May 2011	Message Posted: Nov 16, 2012 12:12:29 PM Ignore Vitobug Report Abuse Great news but why are gas prices still around the same as two weeks ago?
thirty8paces Champion Author Baltimore Posts:4,621 Points:1,128,680 Joined:Sep 2008	Message Posted: Nov 16, 2012 12:12:06 PM Ignore thirty8paces Report Abuse Means nothing really.
Cheepo Champion Author Tampa Posts:9,989 Points:3,147,905 Joined:Apr 2003	Message Posted: Nov 16, 2012 12:10:10 PM Ignore Cheepo Report Abuse Drill baby drill!!!!!!!!!
amearly Champion Author Michigan Posts:12,255 Points:2,494,335 Joined:Jan 2006	Message Posted: Nov 16, 2012 12:06:35 PM Ignore amearly Report Abuse More manipulation when they say prices are dropping but.....anything they want to put into the blank to keep the prices higher.
geoutpb Champion Author Midland Odessa Posts:4,713 Points:1,084,160 Joined:Dec 2006	Message Posted: Nov 16, 2012 12:05:53 PM Ignore geoutpb Report Abuse Prices will stay about the same.
icemann987 Sophomore Author Sacramento Posts:242 Points:53,320 Joined:Mar 2011	Message Posted: Nov 16, 2012 12:01:41 PM Ignore icemann987 Report Abuse and???
Chinto12 Champion Author Illinois Posts:1,037 Points:414,955 Joined:Jan 2012	Message Posted: Nov 16, 2012 11:59:55 AM Ignore Chinto12 Report Abuse useless
TheDix Champion Author Ontario Posts:3,109 Points:607,360 Joined:Dec 2009	Message Posted: Nov 16, 2012 11:58:17 AM Ignore TheDix Report Abuse Nothing to do with gas prices.
Tsunamiron Champion Author Jacksonville Posts:1,569 Points:585,425 Joined:Mar 2011	Message Posted: Nov 16, 2012 11:57:30 AM Ignore Tsunamiron Report Abuse So what does this mean for future gas prices?
Costello Champion Author South Dakota Posts:1,529 Points:1,180,825 Joined:Jan 2007	Message Posted: Nov 16, 2012 11:45:59 AM Ignore Costello Report Abuse And the price of gas is?????
bobdec Champion Author Miami Posts:9,104 Points:1,797,520 Joined:May 2008	Message Posted: Nov 16, 2012 11:45:00 AM Ignore bobdec Report Abuse this has no real effect on prices
OnEmptyMO Champion Author St. Louis Posts:5,096 Points:1,514,720 Joined:Mar 2008	Message Posted: Nov 16, 2012 11:43:13 AM Ignore OnEmptyMO Report Abuse We still have that YO-YO effect going on.
kuma2000 Champion Author Honolulu Posts:3,358 Points:700,875 Joined:Jun 2011	Message Posted: Nov 16, 2012 11:41:49 AM Ignore kuma2000 Report Abuse Not sure what all this means but it's nice to see that our prices are now going down.
bigmace111 Champion Author Albany Posts:2,858 Points:641,325 Joined:May 2011	Message Posted: Nov 16, 2012 11:39:57 AM Ignore bigmace111 Report Abuse 2nd day for this story
cookieluver Sophomore Author Arkansas Posts:160 Points:451,255 Joined:Nov 2011	Message Posted: Nov 16, 2012 11:38:59 AM Ignore cookieluver Report Abuse the rich just get richer.
vjs3 Champion Author Denver Posts:2,677 Points:676,640 Joined:Jun 2011	Message Posted: Nov 16, 2012 11:37:17 AM Ignore vjs3 Report Abuse It's nice to see lower prices around town!
sparky808 Champion Author Honolulu Posts:3,139 Points:624,685 Joined:Sep 2011	Message Posted: Nov 16, 2012 11:36:17 AM Ignore sparky808 Report Abuse old post.
Ready Eddie Champion Author Twin Cities Posts:5,914 Points:1,370,470 Joined:Feb 2003	Message Posted: Nov 16, 2012 11:34:00 AM Ignore Ready Eddie Report Abuse I just want to point out that only 5 out of the last 20 post against this article are of any length. Since I was just warned for my post being too short and just trying to collect points I thought it appropriate to look at other writers. A forum is for reading and if desired responding to. May agree or not may be long winded or short. What is an acceptable level if response should be up to each of us for our own input. As for myself I tend to read the shorter post. Most of the time they say as much but in a lot less words. Sorry for going off subject but this one is either old or a slight rewrite as it reads just like an article seen over and over again.
SkooterG Champion Author Phoenix Posts:1,369 Points:344,185 Joined:May 2012	Message Posted: Nov 16, 2012 11:29:54 AM Ignore SkooterG Report Abuse Gas prices still too high!
oldiesman Champion Author New York Posts:6,561 Points:2,220,615 Joined:May 2006	Message Posted: Nov 16, 2012 11:28:58 AM Ignore oldiesman Report Abuse And the big boys get richer?
Mowerman08 Champion Author Milwaukee Posts:4,878 Points:1,243,255 Joined:Aug 2008	Message Posted: Nov 16, 2012 11:26:08 AM Ignore Mowerman08 Report Abuse "U.S. refineries exported 2.77 million barrels per day of oil and products." That should help keep gas prices high!
BigDartMike All-Star Author Ohio Posts:614 Points:134,920 Joined:Dec 2011	Message Posted: Nov 16, 2012 11:25:19 AM Ignore BigDartMike Report Abuse Numbers game to keep prices high...
DeserTBoB Champion Author California Posts:1,466 Points:224,975 Joined:Aug 2012	Message Posted: Nov 16, 2012 11:25:18 AM Ignore DeserTBoB Report Abuse Reg prices are the lowest here that they've been in 19 months and, as of today, are still dropping as various independents engage in "gas wars" to try to keep volume up at the expense of Chevron, mostly. ChevronTexaco, always the "high priced retailer," is now starting to crumble, too. What's causing the drop? That huge "refinery spike" in CA drove prices through the roof (over $5/gal in most places), and brainless drivers finally got a wake-up call. Driving mileage is down significantly and speeds on freeways have dropped almost 20 MPH average, per the CHP. Sometimes you need to shock dumb people to make them think.