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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
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 13, 2013 6:56:59 AM
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Lugi: that's b/c Pig Oil CAN raise prices and no one can do a thing about it.
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Lugi1967
Champion Author Ohio

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Message Posted: Jan 12, 2013 9:27:18 AM
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And yet the price of gas spiked up 40 cents this week??
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 12, 2013 7:02:21 AM
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yawn.
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DeeLA
Champion Author Los Angeles

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Message Posted: Jan 10, 2013 1:22:06 PM
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Old News.
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Tiernan2012
Champion Author Sacramento

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Message Posted: Jan 10, 2013 1:10:57 PM
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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?
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HailstormCA
Champion Author San Diego

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Message Posted: Jan 10, 2013 1:01:31 PM
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And why are prices still going up>?
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hatterasjack
Champion Author South Carolina

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Message Posted: Jan 10, 2013 12:58:10 PM
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So why aren't pump prices falling off?
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bridgerunner
Champion Author Virginia

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Message Posted: Jan 10, 2013 12:50:51 PM
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There has to be an underlying reason for this.
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DrLyon
Champion Author Michigan

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Message Posted: Jan 10, 2013 12:49:24 PM
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So lower the pump prices...
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mhadden
Rookie Author Indiana

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Message Posted: Jan 10, 2013 12:49:18 PM
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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!)
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briinnc
Champion Author North Carolina

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Message Posted: Jan 10, 2013 12:44:08 PM
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Again?
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ntass1
Champion Author Edmonton

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Message Posted: Jan 10, 2013 12:41:56 PM
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prices steady here for now.
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chillyman3
Champion Author Illinois

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Message Posted: Jan 10, 2013 12:41:38 PM
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old news
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garyr86
Champion Author Michigan

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Message Posted: Jan 10, 2013 12:41:38 PM
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Doesn't really mean a lot to me.
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milespergallon
Champion Author Illinois

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Message Posted: Jan 10, 2013 12:41:02 PM
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Yesterday
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macike
All-Star Author South Dakota

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Message Posted: Jan 10, 2013 12:40:32 PM
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We need sources of new oil
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zaq001
Champion Author Atlanta

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Message Posted: Jan 10, 2013 12:39:01 PM
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Good! Now, let's see prices at the pump drop.
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tick1946
Sophomore Author Cincinnati

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Message Posted: Jan 10, 2013 12:38:23 PM
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Prices up twenty cents from yesterday.
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radiorumor
Champion Author Texas

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Message Posted: Jan 10, 2013 12:37:54 PM
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So when do the lower prices hit the pump? It's up .08 cents since Monday around here.
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dad2two
Champion Author Dallas

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Message Posted: Jan 10, 2013 12:32:10 PM
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People can't afford to drive much anymore.
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cricket48750
All-Star Author Michigan

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Message Posted: Jan 10, 2013 12:30:00 PM
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Unfortunately inventory levels do not affect prices unless it works in the right direction.
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SUV2009
Champion Author Orlando

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Message Posted: Jan 10, 2013 12:27:56 PM
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Along with increases at the pump.
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Edpap
Champion Author Pennsylvania

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Message Posted: Jan 10, 2013 12:26:17 PM
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Because over half of America is still broke...they should have voted for Romney instead of handouts from Odumbash.
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kpacey
All-Star Author Oklahoma

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Message Posted: Jan 10, 2013 12:25:49 PM
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Hopefully that means prices will be coming down
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SUPERQUACK
Champion Author Sacramento

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Message Posted: Jan 10, 2013 12:23:00 PM
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LOWER THE PRICE..... HELP THE ECONOMY
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rodzilla123
Champion Author San Diego

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Message Posted: Jan 10, 2013 12:21:10 PM
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YEP!!!!!
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Bud122CA
Champion Author California

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Message Posted: Jan 10, 2013 12:20:55 PM
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Gas storage up and selling less, export more to other countries and keep our prices up. Whoes side are they on???
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Catfish93001
Champion Author Ventura

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Message Posted: Jan 10, 2013 12:19:49 PM
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old news.
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GManCo
Champion Author Colorado Springs

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Message Posted: Jan 10, 2013 12:17:53 PM
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Prices are dropping.
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wshutton
Champion Author Los Angeles

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Message Posted: Jan 10, 2013 12:16:53 PM
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I'm certain Romney's Republican speculator buddies will make certain retail prices won't drop.
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ultm8opie
Champion Author Twin Cities

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Message Posted: Jan 10, 2013 12:08:31 PM
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so prices should drop!
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checkitnow
Champion Author Atlanta

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Message Posted: Jan 10, 2013 12:08:23 PM
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pump prices have risen almost 30cents around here...
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NorthglennBill
Champion Author Denver

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Message Posted: Jan 10, 2013 12:06:39 PM
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Price of gasoline continues to fall in this area. Great news!
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MDTDriver
Champion Author California

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Message Posted: Jan 10, 2013 12:05:12 PM
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But will we see it at the pump?
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arcaneradio
Champion Author Michigan

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Message Posted: Jan 10, 2013 12:03:52 PM
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whatever
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dacofa
Champion Author Nevada

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Message Posted: Jan 10, 2013 12:03:33 PM
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Rationing soon. You watch
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outlaw329
Champion Author Austin

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Message Posted: Jan 10, 2013 12:02:42 PM
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Prices rising here!
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VernonOR
Champion Author Oregon

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Message Posted: Jan 10, 2013 12:02:13 PM
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Not going down in my home town.
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Emmamae1
Champion Author Illinois

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Message Posted: Jan 10, 2013 12:01:50 PM
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hopefully prices come down.
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boatcrazyinme
Champion Author Maine

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Message Posted: Jan 10, 2013 11:59:05 AM
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same @#$%Z diffrence day!
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idigau22
Champion Author Washington

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Message Posted: Jan 10, 2013 11:57:15 AM
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$3.59 per gallon in my area.
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skysteve1
Champion Author Victoria

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Message Posted: Jan 10, 2013 11:56:42 AM
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still steady here
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mageetp
Champion Author British Columbia

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Message Posted: Jan 10, 2013 11:56:31 AM
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old post.
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greenfog
Champion Author Illinois

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Message Posted: Jan 10, 2013 11:56:15 AM
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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.
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paulweb
All-Star Author Ohio

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Message Posted: Jan 10, 2013 11:56:15 AM
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Prices jumped 20 cents in east-central OH.
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Toppers
Champion Author Atlanta

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Message Posted: Jan 10, 2013 11:51:49 AM
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Prices rocketed after Christmas but have stabilized the past week in ATL
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uglytom
Champion Author Florida

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Message Posted: Jan 10, 2013 11:50:24 AM
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Nevertheless, gas prices jumping up here like a kangaroo would!
Could speculators be controlling the prices?
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91Hilux
Champion Author New Haven

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Message Posted: Jan 10, 2013 11:50:22 AM
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Doesn't matter, prices are still creeping up in CT.

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

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Message Posted: Jan 10, 2013 11:49:06 AM
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& prices have stabilized in KY
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EVBuddy
Champion Author Nevada

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Message Posted: Jan 10, 2013 11:48:04 AM
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Small change not massive
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