Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:34 PM

GasBuddy News Article

38
votes
Gasoline inventories rise again, refinery utilization jumps

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 decreased by 1.0 million barrels to a total of 371.6 million barrels. At 371.6 million barrels, inventories are 48.1 million barrels above last year (14.9%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 2.2 million barrels to 219.3 million barrels. At 219.3 million barrels, inventories are down 0.9 million barrels, or 0.4% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.5mb); Midwest...


Read the Full Article

Submitted Dec 19, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Gasoline inventories rise again, refinery utilization jumps Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
djwhit
Champion Author Ohio

Posts:5,340
Points:1,798,030
Joined:Jul 2009
Message Posted: Dec 24, 2012 11:20:07 PM

it fix
Profile Pic
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Dec 21, 2012 11:53:17 PM

Yea.
Profile Pic
Donatelo
Champion Author Dayton

Posts:1,223
Points:331,165
Joined:Apr 2011
Message Posted: Dec 21, 2012 2:31:48 PM

CURRENT TECHNOLOGY COULD INCREASE MILEAGE OF CARS, WE NEED INNOVATION AND HIGHER FUEL STANDARDS.
Profile Pic
07skydriver
Champion Author Ohio

Posts:5,534
Points:1,569,750
Joined:Feb 2009
Message Posted: Dec 20, 2012 7:14:58 PM

Just stay home.
Profile Pic
OldMan322
Champion Author Illinois

Posts:9,818
Points:2,198,255
Joined:Jul 2008
Message Posted: Dec 20, 2012 10:41:29 AM

"Shaduu" Why yes, a storm is coming and the gouge is on
Profile Pic
Shaduu
All-Star Author Twin Cities

Posts:548
Points:142,760
Joined:Apr 2005
Message Posted: Dec 20, 2012 9:25:25 AM

And the gas prices are going up.
Profile Pic
gravityhurts
Champion Author North Carolina

Posts:5,620
Points:1,480,420
Joined:Sep 2008
Message Posted: Dec 20, 2012 7:21:08 AM

Ok
Profile Pic
Ziggy1962
Champion Author New Jersey

Posts:58,120
Points:2,414,640
Joined:Aug 2006
Message Posted: Dec 20, 2012 5:05:39 AM

Old news.
Profile Pic
jeff95519
Champion Author California

Posts:4,991
Points:1,955,520
Joined:Sep 2008
Message Posted: Dec 20, 2012 5:02:07 AM

good deal
Profile Pic
gabbygusIN
Champion Author Indiana

Posts:9,836
Points:2,164,175
Joined:Oct 2008
Message Posted: Dec 20, 2012 4:59:40 AM

Waiting for the Christmas price spike to set in....
Profile Pic
Bonanza
Champion Author Boston

Posts:15,172
Points:3,155,430
Joined:Jun 2004
Message Posted: Dec 20, 2012 4:59:24 AM

Yesterday's news
Profile Pic
jetlagAK
Champion Author Anchorage

Posts:2,524
Points:722,230
Joined:Jan 2010
Message Posted: Dec 20, 2012 4:55:20 AM

Barackanomics: price goes up
Profile Pic
hybridaholic
Champion Author Appleton

Posts:10,999
Points:2,155,305
Joined:Dec 2008
Message Posted: Dec 20, 2012 4:53:38 AM

Just because their making a lot of gas doesn't mean the price is going down.
Profile Pic
no_monkey2002
Champion Author Tallahassee

Posts:8,872
Points:2,166,670
Joined:Mar 2006
Message Posted: Dec 20, 2012 4:53:04 AM

so our prices at the pump should be $2.50 max
Profile Pic
getalong
Champion Author California

Posts:2,407
Points:431,405
Joined:Aug 2007
Message Posted: Dec 20, 2012 4:52:54 AM

the numbers are just to big for me to comprehend.
Profile Pic
TravelinMan52
Champion Author Augusta

Posts:4,535
Points:1,567,925
Joined:May 2008
Message Posted: Dec 20, 2012 4:52:40 AM

Will all of this make the pump prices fall any faster??
Profile Pic
lpatti1
Champion Author Philadelphia

Posts:10,971
Points:2,436,555
Joined:Sep 2005
Message Posted: Dec 20, 2012 4:49:56 AM

Great news, when does it affect the prices to come down? Not soon enough!
Profile Pic
TIGERPAW46
Champion Author Florida

Posts:9,762
Points:1,944,885
Joined:Mar 2004
Message Posted: Dec 20, 2012 4:49:50 AM

Crude usually decreases when Refinery output increases. Just converting more & faster for a time. It all comes out in the wash. later the crude will catch up or the refineries will decrease allowing crude inv. to increase. Unless one or the other pulls a slow down or maint etc.
Profile Pic
bassakwards007
Champion Author Orange County

Posts:3,669
Points:845,050
Joined:Aug 2012
Message Posted: Dec 20, 2012 4:48:13 AM

good
Profile Pic
janda8611
Sophomore Author Michigan

Posts:221
Points:167,520
Joined:Aug 2012
Message Posted: Dec 20, 2012 4:46:41 AM

I hope they keep dropping throughout the holidays.
Profile Pic
ChuckSizzle
Rookie Author Michigan

Posts:1
Points:4,770
Joined:Dec 2005
Message Posted: Dec 20, 2012 4:44:20 AM

Whatever the reason it's nice to see prices dipping below $3 here in west Michigan, for a while.
Profile Pic
TommyTraveler
Champion Author Cincinnati

Posts:11,281
Points:2,300,315
Joined:Nov 2007
Message Posted: Dec 20, 2012 4:40:35 AM

The economy says its still very bad with these figures but the Whitehouse cooks the books and lies to us that things are just fine.
Profile Pic
tomok
Champion Author Portland

Posts:43,792
Points:2,950,160
Joined:Aug 2006
Message Posted: Dec 20, 2012 4:38:48 AM

Gasoline inventories rise again, refinery utilization jumps and may it lower fuel prics at the pump.
Crude oil inventories decreased, Gasoline inventories increased, Distillate inventories decreased, Refinery utilization incrreased 1.1% from last week numbers, Total US oil stocks are up 5.7% over last year.
Crude oil inventories have decreased, Gasoline inventories increased, US oil stocks increased but there are still high fuel prices at the pump but prices are slowly improving to more reasonable prices. The fuel prices at the pump should be lower to help the economy recover more!
More Refineries are Not the answer, Stop exporting that fuel is!
Big Oil and Big Gas continues to sell 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! People will still drive and buy fuel no matter what but it sure helps to have a job too!
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal greedy benefit.
The price at the pump needs to go down to $2/gallon - *$3, *$3.50/gallon or *$4.00 is Not the new low!
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ 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!
XII/XXII/MMXII!
Profile Pic
joko0
Champion Author New Jersey

Posts:2,492
Points:940,140
Joined:Oct 2008
Message Posted: Dec 20, 2012 4:37:03 AM

I agree ticoman54
Profile Pic
Ticoman54
Champion Author Miami

Posts:8,069
Points:1,768,895
Joined:Oct 2008
Message Posted: Dec 20, 2012 4:33:45 AM

Prices are too high to have these huge inventory levels. The GREED continues...
Profile Pic
fratt
Champion Author Grand Rapids

Posts:12,384
Points:3,246,660
Joined:Jul 2005
Message Posted: Dec 20, 2012 4:33:38 AM

Good news.
Profile Pic
twobroke61
Champion Author Michigan

Posts:10,980
Points:2,190,090
Joined:Sep 2008
Message Posted: Dec 20, 2012 4:32:58 AM

good news
Profile Pic
RockCity
Champion Author Denver

Posts:10,701
Points:2,023,740
Joined:Mar 2009
Message Posted: Dec 20, 2012 4:31:48 AM

Very good news I presume, perhaps.
Profile Pic
bby
Champion Author Twin Cities

Posts:7,976
Points:1,608,760
Joined:Nov 2009
Message Posted: Dec 20, 2012 4:30:11 AM

good news
Profile Pic
BigDogOH
Champion Author Cincinnati

Posts:11,107
Points:2,411,835
Joined:Mar 2008
Message Posted: Dec 20, 2012 4:27:03 AM

Is gas going up again in time for Christmas?
Profile Pic
SavingInNC
Champion Author North Carolina

Posts:7,428
Points:1,614,940
Joined:Oct 2006
Message Posted: Dec 20, 2012 4:23:01 AM

A bunch of games they play
Profile Pic
RichWLIN
Champion Author Indiana

Posts:7,537
Points:1,243,130
Joined:Jun 2011
Message Posted: Dec 20, 2012 4:15:35 AM

Here we go again.
Profile Pic
Runabout2
All-Star Author Grand Rapids

Posts:652
Points:77,505
Joined:Jul 2007
Message Posted: Dec 20, 2012 4:10:43 AM

If you remember prices did this last year then they created a so called shortage and "Bamm" went up over $.30 in one day !
Profile Pic
tidalwave3
Champion Author Tallahassee

Posts:2,507
Points:2,024,710
Joined:Jun 2008
Message Posted: Dec 20, 2012 4:05:13 AM

THE EAST GETTING BACK TO THEIR MEASLY 80% CAPACITY :/
Profile Pic
Rick52
Champion Author Milwaukee

Posts:14,958
Points:1,793,690
Joined:Mar 2005
Message Posted: Dec 20, 2012 4:04:49 AM

Good...Then prices should continue to Fall..
Profile Pic
nomad228
Champion Author Columbus

Posts:3,208
Points:592,275
Joined:Feb 2011
Message Posted: Dec 20, 2012 4:03:17 AM

that's because 43 percent of U.S. still can't afford 2.90 gas prices. and now their seeing it.(big oil is seeing it also).
Profile Pic
Lairre
Champion Author Sacramento

Posts:7,195
Points:778,030
Joined:Oct 2012
Message Posted: Dec 20, 2012 4:01:49 AM

This is nothing but the EIA juggling numbers.
Profile Pic
CiVX
Champion Author Oakland

Posts:9,399
Points:1,939,115
Joined:Feb 2009
Message Posted: Dec 20, 2012 4:01:32 AM

OK what are they plotting now?
Profile Pic
DisMusBeDaPlaz
Champion Author Tampa

Posts:5,056
Points:1,170,500
Joined:Sep 2011
Message Posted: Dec 20, 2012 4:00:56 AM

To some degree, there is reasonable stabilization.
Profile Pic
iFueler
Champion Author Durham

Posts:75,018
Points:779,475
Joined:Nov 2012
Message Posted: Dec 20, 2012 3:57:23 AM

and the affect on prices will be realized when
Profile Pic
teamsimons
Champion Author South Carolina

Posts:4,027
Points:1,013,035
Joined:Aug 2011
Message Posted: Dec 20, 2012 3:56:44 AM

Another inventory has come, but it probably means nothing regarding gas prices.
Profile Pic
FocusST2
Champion Author North Carolina

Posts:10,460
Points:1,966,400
Joined:Jul 2009
Message Posted: Dec 20, 2012 3:53:28 AM

Still waiting to see $3 a gallon or less here locally.
Profile Pic
Pozole
Champion Author Portland

Posts:16,475
Points:2,199,170
Joined:Mar 2005
Message Posted: Dec 20, 2012 3:52:13 AM

...have these numbers ever made any difference ?...
Profile Pic
1Boog
Champion Author Lincoln

Posts:8,323
Points:1,755,625
Joined:May 2004
Message Posted: Dec 20, 2012 3:50:03 AM

with numbers like these prices should be hitting rock bottom any day now.....oh I forgot....big oil still needs to have a good Christmas!
Profile Pic
twt
Champion Author Virginia Beach

Posts:12,848
Points:1,586,760
Joined:Mar 2005
Message Posted: Dec 20, 2012 3:44:14 AM

More "Government" numbers, to appease the sheeple.
Profile Pic
madison8359
Champion Author Cleveland

Posts:15,588
Points:2,196,255
Joined:Apr 2008
Message Posted: Dec 20, 2012 3:43:49 AM

And I care because?
Profile Pic
VB_Richard
Champion Author Virginia Beach

Posts:4,245
Points:957,945
Joined:Dec 2011
Message Posted: Dec 20, 2012 3:41:11 AM

OK
Profile Pic
1fulltank
Champion Author Buffalo

Posts:10,284
Points:2,112,815
Joined:Nov 2008
Message Posted: Dec 20, 2012 3:40:48 AM

More NUMB3RS.
Profile Pic
lgwhitlock
Champion Author Chico

Posts:9,159
Points:2,260,600
Joined:Jun 2008
Message Posted: Dec 20, 2012 3:35:25 AM

Another week another government sponsored speculation report...
Profile Pic
Quick68
Champion Author Columbus

Posts:11,837
Points:1,830,450
Joined:Dec 2009
Message Posted: Dec 20, 2012 3:31:47 AM

Gasoline inventories mean nothing. It's what's at the pump that counts.
Post a reply Back to Topics