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GasBuddy News Article

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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
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Crude inventories still lush, gasoline supply dropping in Great Lakes Back to Topics
REPLIES (newest first) Post a Reply
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Gas4Gore
Champion Author Detroit

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Message Posted: Dec 4, 2012 6:40:26 PM

Well let us build it back up.
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Donatelo
Champion Author Dayton

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Message Posted: Nov 29, 2012 10:00:03 AM

ok
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danmckdude
Rookie Author Detroit

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Message Posted: Nov 29, 2012 9:56:10 AM

lets get better mileage from our cars so the demand for crude drops, which drops gas prices.
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CapriceWagon
Champion Author Washington

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Message Posted: Nov 21, 2012 8:49:07 AM

I always try to avoid buying gas anywhere near Chicago, or avoid it altogether since it's now a war zone
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txrojo2005
Champion Author Austin

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Message Posted: Nov 20, 2012 11:31:51 AM

OK
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txrojo2005
Champion Author Austin

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Message Posted: Nov 20, 2012 11:31:49 AM

OK
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paulweb
Champion Author Ohio

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Message Posted: Nov 20, 2012 11:02:04 AM

cool, dude.
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paulweb
Champion Author Ohio

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Message Posted: Nov 20, 2012 11:00:36 AM

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.
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Bonanza
Champion Author Boston

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Message Posted: Nov 20, 2012 4:15:59 AM

Fine, but we need lower prices at the pump
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1006
Champion Author Birmingham

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Message Posted: Nov 19, 2012 8:54:52 PM

Suppose we will go with it at this point.
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1006
Champion Author Birmingham

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Message Posted: Nov 19, 2012 5:35:40 AM

WHAT THE HECK
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Gas4Gore
Champion Author Detroit

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Message Posted: Nov 18, 2012 7:06:56 AM

Great and Oh no!
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Delta258
Sophomore Author Fresno

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Message Posted: Nov 17, 2012 12:58:44 AM

gas $$ are steady in my area so this is not helping.
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spiderjay
Champion Author Little Rock

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Message Posted: Nov 16, 2012 11:23:36 PM

WOOD TOO
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benjy
Champion Author Chicago

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Message Posted: Nov 16, 2012 9:14:04 PM

true...
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dudleydolittle
Champion Author Cleveland

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Message Posted: Nov 16, 2012 5:24:38 PM

see this about every day
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52MPG
Champion Author Dayton

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Message Posted: Nov 16, 2012 2:06:06 PM

Lots of oil.
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HailstormCA
Champion Author San Diego

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Message Posted: Nov 16, 2012 1:35:32 PM

Same ol' same ol'
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matthwbar
Champion Author Toledo

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Message Posted: Nov 16, 2012 12:54:27 PM

And we're still at $3.50...
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firechief
Champion Author New York

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Message Posted: Nov 16, 2012 12:36:56 PM

is this an old article, I thought I read this already
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IMLURCH
Champion Author Minnesota

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Message Posted: Nov 16, 2012 12:21:14 PM

Old News
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twinfanMN
Champion Author Minnesota

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Message Posted: Nov 16, 2012 12:20:32 PM

I have never seen a connection to this post and prices in my area
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mattf373
Champion Author Atlanta

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Message Posted: Nov 16, 2012 12:16:25 PM

prices dropping here
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Wolfwings
Champion Author Delaware

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Message Posted: Nov 16, 2012 12:16:22 PM

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.
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SSchmidty
Champion Author Illinois

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Message Posted: Nov 16, 2012 12:16:00 PM

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?!?!
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Point__man
Champion Author Raleigh

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Message Posted: Nov 16, 2012 12:15:14 PM

Prices up 10cents a gallon here last night ;)
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no8c
Champion Author Ohio

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Message Posted: Nov 16, 2012 12:15:13 PM

Thanks for posting this article!
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Vitobug
Champion Author El Paso

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Message Posted: Nov 16, 2012 12:12:29 PM

Great news but why are gas prices still around the same as two weeks ago?
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thirty8paces
Champion Author Baltimore

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Message Posted: Nov 16, 2012 12:12:06 PM

Means nothing really.
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Cheepo
Champion Author Tampa

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Message Posted: Nov 16, 2012 12:10:10 PM

Drill baby drill!!!!!!!!!
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amearly
Champion Author Michigan

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Message Posted: Nov 16, 2012 12:06:35 PM

More manipulation when they say prices are dropping but.....anything they want to put into the blank to keep the prices higher.
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geoutpb
Champion Author Midland Odessa

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Message Posted: Nov 16, 2012 12:05:53 PM

Prices will stay about the same.
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icemann987
Sophomore Author Sacramento

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Message Posted: Nov 16, 2012 12:01:41 PM

and???
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Chinto12
Champion Author Illinois

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Message Posted: Nov 16, 2012 11:59:55 AM

useless
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TheDix
Champion Author Ontario

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Message Posted: Nov 16, 2012 11:58:17 AM


Nothing to do with gas prices.
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Tsunamiron
Champion Author Jacksonville

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Message Posted: Nov 16, 2012 11:57:30 AM

So what does this mean for future gas prices?
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Costello
Champion Author South Dakota

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Message Posted: Nov 16, 2012 11:45:59 AM

And the price of gas is?????
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bobdec
Champion Author Miami

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Message Posted: Nov 16, 2012 11:45:00 AM

this has no real effect on prices
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OnEmptyMO
Champion Author St. Louis

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Message Posted: Nov 16, 2012 11:43:13 AM

We still have that YO-YO effect going on.
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kuma2000
Champion Author Honolulu

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Message Posted: Nov 16, 2012 11:41:49 AM

Not sure what all this means but it's nice to see that our prices are now going down.
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bigmace111
Champion Author Albany

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Message Posted: Nov 16, 2012 11:39:57 AM

2nd day for this story
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cookieluver
Veteran Author Arkansas

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Message Posted: Nov 16, 2012 11:38:59 AM

the rich just get richer.
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vjs3
Champion Author Denver

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Message Posted: Nov 16, 2012 11:37:17 AM

It's nice to see lower prices around town!
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sparky808
Champion Author Honolulu

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Message Posted: Nov 16, 2012 11:36:17 AM

old post.
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Ready Eddie
Champion Author Twin Cities

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Message Posted: Nov 16, 2012 11:34:00 AM

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.
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SkooterG
Champion Author Phoenix

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Message Posted: Nov 16, 2012 11:29:54 AM

Gas prices still too high!
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oldiesman
Champion Author New York

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Message Posted: Nov 16, 2012 11:28:58 AM

And the big boys get richer?
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Mowerman08
Champion Author Milwaukee

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Message Posted: Nov 16, 2012 11:26:08 AM

"U.S. refineries exported 2.77 million barrels per day of oil and products."

That should help keep gas prices high!
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BigDartMike
All-Star Author Ohio

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Message Posted: Nov 16, 2012 11:25:19 AM

Numbers game to keep prices high...
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DeserTBoB
Champion Author California

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Message Posted: Nov 16, 2012 11:25:18 AM

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.
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