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GasBuddy News Article

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Crude stocks swell to levels not seen since last summer, gasoline inventories drop

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 4.1 million barrels to a total of 376.4 million barrels. At 376.4 million barrels, inventories are 35.7 million barrels above last year (10.5%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 2.9 million barrels to 230.4 million barrels. At 230.4 million barrels, inventories are down 1.2 million barrels, or 0.5% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.3mb); Midwest...


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Submitted Feb 21, 2013 By: PD
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Author Topic: Crude stocks swell to levels not seen since last summer, gasoline inventories drop Back to Topics
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honda0105
Champion Author Tallahassee

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Message Posted: Feb 24, 2013 7:02:30 AM

canuck: GB gods self promotion?
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honda0105
Champion Author Tallahassee

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Message Posted: Feb 24, 2013 7:01:55 AM

N4: indeed.
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N4PIP
Champion Author Miami

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Message Posted: Feb 22, 2013 4:31:41 PM

The refineries need to increase production. But, they won't in order to keep prices high.
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Canucktree
Champion Author Alberta

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Message Posted: Feb 22, 2013 10:14:42 AM

62 Votes?!
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rwg13
Rookie Author Colorado Springs

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Message Posted: Feb 22, 2013 9:22:46 AM

I people don't run red lights, then there would be no tickets. There was an intersection near my house with an average of 1 death a year over the last 15 years, caused by people running red lights. When teaching my son to drive, I took him to that intersection to show him that just because your light is green, do not assume you are safe.
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Endoman5000
All-Star Author Michigan

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Message Posted: Feb 22, 2013 9:09:41 AM

Six ways to sunday
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remay
Champion Author Houston

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Message Posted: Feb 22, 2013 6:53:54 AM

Makes no sense ... to us, the consumer...
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djp071158
Champion Author Detroit

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Message Posted: Feb 22, 2013 5:02:34 AM

Amazing. and there is nothing we can do about it.
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pfone1847
Champion Author Illinois

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Message Posted: Feb 22, 2013 5:00:42 AM

Greed Greed Greed
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getchaz
Champion Author Tucson

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Message Posted: Feb 22, 2013 5:00:12 AM

Gouging
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Bus936
Champion Author Lexington

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Message Posted: Feb 22, 2013 4:59:00 AM

This means they are still gouging and stealing. We just had 3 stations to go up to$3.89 plus and the next day come down to $3.74 plus. This is outright gouging and I don't care what anyone says. They make millions extra when they just go up by one dime.
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otherdave
Champion Author Indiana

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Message Posted: Feb 22, 2013 4:55:58 AM

And I just paid $3.66. This is just wrong.
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biggiesize
Champion Author Gary

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Message Posted: Feb 22, 2013 4:54:21 AM

OK
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ovillaone
Champion Author Dallas

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Message Posted: Feb 22, 2013 4:52:20 AM

yawn
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JCClark2012
Champion Author New Hampshire

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Message Posted: Feb 22, 2013 4:50:59 AM

Old news
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1fulltank
Champion Author Buffalo

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Message Posted: Feb 22, 2013 4:50:19 AM

Inventories can drop because consumers are buying more or refineries are producing less.
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jes
Champion Author Pennsylvania

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Message Posted: Feb 22, 2013 4:48:38 AM

Wonderful
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fratt
Champion Author Grand Rapids

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Message Posted: Feb 22, 2013 4:45:28 AM

Good news.
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BigDogOH
Champion Author Cincinnati

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Message Posted: Feb 22, 2013 4:38:54 AM

Need EPA compliant refinery to refine oil
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dbecks44
Champion Author Michigan

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Message Posted: Feb 22, 2013 4:34:29 AM

Good news?
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DblChek
Champion Author San Antonio

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Message Posted: Feb 22, 2013 4:32:07 AM


Drill Here.
Refine Here.
Sell Here.
Employ Here.
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VB_Richard
Champion Author Virginia Beach

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Message Posted: Feb 22, 2013 4:31:40 AM

What's wrong with this picture???
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cheapertvs
Champion Author Richmond

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Message Posted: Feb 22, 2013 4:31:15 AM

Build refineries in the Dakotas and be done with it.
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moregas1966
Champion Author Columbus

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Message Posted: Feb 22, 2013 4:30:30 AM

what is next
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Standin
Veteran Author Los Angeles

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Message Posted: Feb 22, 2013 4:30:18 AM

It's the old one-two...
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csnvcas
All-Star Author Illinois

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Message Posted: Feb 22, 2013 4:29:51 AM

Ok
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tomok
Champion Author Portland

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Message Posted: Feb 22, 2013 4:27:31 AM

Crude stocks swell to levels not seen since last summer, gasoline inventories drop and fuel prices at the pump continue to rise.
Crude oil inventories increased, Gasoline inventories decreased, Distillate inventories decreased, Refinery utilization decreased 0.9% from last week, Total US oil stocks are up over last year but there are still high fuel prices at the pump. The fuel prices at the pump should be lower to help Sneeky's very bad crappy economy recover just a little bit faster!
Big Oil and Big Gas sells fuel and natural gas on the world market for higher prices. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down!
No Thanks to the Mindless Pinhead Sheep that voted this bozo 'Sneeky' back in office.
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! The price at the pump needs to go down to $2/gallon - *$3, *$3.50/gallon or *$4.00 is Not the new low!
More Refineries are Not the answer, Stop exporting fuel!
Take care of the domestic fuel market first and above all else!
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
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prorodeo2012
All-Star Author Bakersfield

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Message Posted: Feb 22, 2013 4:21:08 AM

hopefully prices drop
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oweno1
Champion Author San Diego

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Message Posted: Feb 22, 2013 4:19:18 AM

sounds like gas prices should be deopping
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yeehaw1073
Champion Author Indiana

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Message Posted: Feb 22, 2013 4:17:48 AM

and gas prices keep going up?
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pepinoNC
Champion Author Raleigh

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Message Posted: Feb 22, 2013 4:17:05 AM

Capitalism at its finest.
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joko0
Champion Author New Jersey

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Message Posted: Feb 22, 2013 4:15:03 AM

Where is the concept of supply and demand???
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SteelPenny
Champion Author Dallas

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Message Posted: Feb 22, 2013 4:11:14 AM

We can't afford to buy it. No jobs.
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wkb03
Champion Author Georgia

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Message Posted: Feb 22, 2013 4:08:04 AM

Just a report by the oil comp.
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TravelinMan52
Champion Author Augusta

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Message Posted: Feb 22, 2013 4:07:13 AM

Press on regardless, the pump prices continue to spiral...
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djgunrunner
Champion Author Salt Lake City

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Message Posted: Feb 22, 2013 4:04:47 AM

That is reported Gasoline inventories.
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Topless2012
Champion Author Twin Cities

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Message Posted: Feb 22, 2013 4:04:44 AM

day old will the price go down?
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mrjames1818
Champion Author New Jersey

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Message Posted: Feb 22, 2013 3:59:52 AM

Well what the h-ll do you expect when you artificially drive gas prices by speculation - people stop buying and that creates a glut that causes the prices to drop and causes the speculators to get burned and causes them to run to congress to help bail them out.
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Ready Eddie
Champion Author Twin Cities

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Message Posted: Feb 22, 2013 3:58:56 AM

Quit wasting time and start up the process.
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Pozole
Champion Author Portland

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Message Posted: Feb 22, 2013 3:54:33 AM

...pig oil has the world wrapped around it's finger...
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jci25946
Champion Author Tampa

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Message Posted: Feb 22, 2013 3:53:15 AM

Greed driven prices!!!
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DrivingFool2
Champion Author Appleton

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Message Posted: Feb 22, 2013 3:53:10 AM

And so the world turns---------------
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Bruno44
Champion Author Texas

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Message Posted: Feb 22, 2013 3:52:51 AM

Good point by lgwhitlock
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wegman
Champion Author Twin Cities

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Message Posted: Feb 22, 2013 3:50:45 AM

Probably the regulatory state screwing things up again.
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WGW1
Champion Author British Columbia

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Message Posted: Feb 22, 2013 3:47:57 AM

Greed will try to rule. It may win the day but not the week.
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SteveMartin
Champion Author New Orleans

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Message Posted: Feb 22, 2013 3:41:44 AM

obama wants high gas prices.
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EVBuddy
Champion Author Nevada

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Message Posted: Feb 22, 2013 3:38:34 AM

High prices will stop that gasoline inventory drop
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lgwhitlock
Champion Author Chico

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Message Posted: Feb 22, 2013 3:36:49 AM

Another week another government sponsored speculation report...
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neofinoy
Sophomore Author Long Island

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Message Posted: Feb 22, 2013 3:34:25 AM

sigh
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jcurley
Champion Author California

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Message Posted: Feb 22, 2013 3:28:50 AM

One major detail that GOP talking heads like to forget (like Sean Hannity today), is that we can give all the drilling permits we want to the oil companies, but if they don't see a high enough price for oil, so that they can make a good ROI, they're not going to drill.

So when they blame Obama for high gas prices, because we don't drill here enough, they're just talking malarkey!
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