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Refineries slowing production, likely starting maintenance season

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 2.8 million barrels to a total of 363.1 million barrels. At 363.1 million barrels, inventories are 28.3 million barrels above last year (8.5%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.7 million barrels to 233.3 million barrels. At 233.3 million barrels, inventories are up 6.1 million barrels, or 2.7% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.4mb); Midwest...

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Submitted Jan 24, 2013 By: PD

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KAR120CSII Champion Author Oregon Posts:3,162 Points:617,570 Joined:Apr 2010	Message Posted: Feb 3, 2013 4:53:36 PM Ignore KAR120CSII Report Abuse States and Feds better make sure they are doing maintenance. Big oil colludes so much -- why can't they 'agree' to stagger maintenance and not use it to push up up prices?
WanderDan All-Star Author Dayton Posts:579 Points:140,660 Joined:Nov 2012	Message Posted: Feb 3, 2013 4:13:41 PM Ignore WanderDan Report Abuse gotta love big oil... always making ways to make more profits. maybe the tea party wants us to give them more subsidies....
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Jan 30, 2013 5:47:38 AM Ignore honda0105 Report Abuse Lakepirate: not for Pig Oil... they DO need to shut some stuff down to maintenance, but their timing is always a bit suspect.
Lakepirate13 Veteran Author New York Posts:316 Points:47,150 Joined:Jan 2013	Message Posted: Jan 29, 2013 2:13:42 PM Ignore Lakepirate13 Report Abuse Maintenance should be an ongoing process.
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Jan 29, 2013 5:55:58 AM Ignore honda0105 Report Abuse Toon: indeed.
KAR120CSII Champion Author Oregon Posts:3,162 Points:617,570 Joined:Apr 2010	Message Posted: Jan 28, 2013 8:19:55 PM Ignore KAR120CSII Report Abuse Now I know -- I used to ride in one when I was growing up in Kansas.
KAR120CSII Champion Author Oregon Posts:3,162 Points:617,570 Joined:Apr 2010	Message Posted: Jan 28, 2013 8:13:44 PM Ignore KAR120CSII Report Abuse Agree with Toonces -- love the jackwagon reference. Gotta google it.
Toonces2013 Sophomore Author Illinois Posts:231 Points:11,315 Joined:Jan 2013	Message Posted: Jan 28, 2013 5:12:16 PM Ignore Toonces2013 Report Abuse Just yet another BS excuse for the oil company jackwagons to raise gas prices. Their excuses get lamer day after day.
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Jan 28, 2013 5:49:20 AM Ignore honda0105 Report Abuse bicycler: you've got that right.
KAR120CSII Champion Author Oregon Posts:3,162 Points:617,570 Joined:Apr 2010	Message Posted: Jan 26, 2013 1:43:20 AM Ignore KAR120CSII Report Abuse It's all the refineries fault -- how about President Carter -- he started this whole thing. Or was it Rutherford Hayes?
bicycler Champion Author Ontario Posts:14,815 Points:2,598,445 Joined:May 2005	Message Posted: Jan 25, 2013 1:39:17 PM Ignore bicycler Report Abuse `Repairing the unbroken season` has started early so the `oilbarons` can make more money on higher fuel prices.
CIWS Champion Author London Posts:2,414 Points:580,190 Joined:Feb 2011	Message Posted: Jan 25, 2013 12:52:44 PM Ignore CIWS Report Abuse all bs
bbthegun Champion Author San Diego Posts:5,968 Points:1,677,415 Joined:Sep 2006	Message Posted: Jan 25, 2013 12:45:49 PM Ignore bbthegun Report Abuse Oh goodie...
Cheepo Champion Author Tampa Posts:9,879 Points:3,125,955 Joined:Apr 2003	Message Posted: Jan 25, 2013 11:44:54 AM Ignore Cheepo Report Abuse Drill baby drill and build more refineries!!!!!!!!!
tomok Champion Author Portland Posts:32,917 Points:2,341,510 Joined:Aug 2006	Message Posted: Jan 25, 2013 11:40:10 AM Ignore tomok Report Abuse Refineries slowing production, likely starting maintenance season and raising fuel prices at the pump. The Refineries will continue to produce fuel when they are 'shut down,' on a maintenance and/or upgrade or for any number of other reasons. Crude oil inventories increased, Gasoline inventories decreased, Distillate inventories increased, Refinery utilization decreased 3.3% from last week numbers, Total US oil stocks are up 5.1% over last year but there are still high fuel prices at the pump. The fuel prices at the pump should be lower to help the economy recover! Big Oil and Big Gas sells fuel and natural gas on the world market for higher prices to other countries. '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 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 is! Take care of the domestic fuel market first, above all else! 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! - The Day After......
Cellsite Champion Author Appleton Posts:1,223 Points:283,925 Joined:Jun 2012	Message Posted: Jan 25, 2013 11:37:54 AM Ignore Cellsite Report Abuse UP up and away
DanMtz Champion Author Oakland Posts:3,335 Points:1,239,425 Joined:Oct 2009	Message Posted: Jan 25, 2013 11:17:18 AM Ignore DanMtz Report Abuse It's the beginning of collusion season.
Rajah Champion Author Illinois Posts:7,553 Points:2,302,945 Joined:Jul 2005	Message Posted: Jan 25, 2013 11:14:53 AM Ignore Rajah Report Abuse Par for the course.
AnObserver Champion Author New Jersey Posts:8,339 Points:2,254,755 Joined:Sep 2005	Message Posted: Jan 25, 2013 11:13:09 AM Ignore AnObserver Report Abuse Inventories up ... time to do maintenance
paulweb All-Star Author Ohio Posts:806 Points:353,270 Joined:May 2011	Message Posted: Jan 25, 2013 11:10:06 AM Ignore paulweb Report Abuse To infinity, and beyond!
TRAIN RIDER Champion Author San Bernardino Posts:9,062 Points:2,753,820 Joined:Oct 2004	Message Posted: Jan 25, 2013 11:05:59 AM Ignore TRAIN RIDER Report Abuse They do this to get the prices higher.
dollarwatcher Champion Author Wisconsin Posts:7,925 Points:1,531,220 Joined:Mar 2007	Message Posted: Jan 25, 2013 11:05:47 AM Ignore dollarwatcher Report Abuse Here we go again, every year at this time.
kishoreCA Champion Author Ventura Posts:3,095 Points:388,145 Joined:Mar 2012	Message Posted: Jan 25, 2013 11:04:45 AM Ignore kishoreCA Report Abuse better do maintenance than letting it blow up one day.
radiorumor Champion Author Texas Posts:2,792 Points:749,860 Joined:Feb 2011	Message Posted: Jan 25, 2013 11:03:42 AM Ignore radiorumor Report Abuse And when they get through with this they will have to change over to summer blend so prices will go up again. It also went up because they had to change over to winter blend. I think both makes my motor burn gas faster both times.
q2 Champion Author Alberta Posts:2,014 Points:376,095 Joined:Nov 2008	Message Posted: Jan 25, 2013 11:03:00 AM Ignore q2 Report Abuse old news
dbecks44 Champion Author Michigan Posts:1,327 Points:428,430 Joined:Jan 2012	Message Posted: Jan 25, 2013 11:02:30 AM Ignore dbecks44 Report Abuse Goody.
vwilsonskis All-Star Author New Jersey Posts:716 Points:233,995 Joined:May 2011	Message Posted: Jan 25, 2013 11:00:33 AM Ignore vwilsonskis Report Abuse low demand lower production= keeping prices up
vlaz55 Veteran Author London Posts:434 Points:910,880 Joined:May 2004	Message Posted: Jan 25, 2013 11:00:15 AM Ignore vlaz55 Report Abuse Any excuse to push up the price of gasoline
mikesr100 Champion Author Sacramento Posts:3,873 Points:1,076,735 Joined:Apr 2008	Message Posted: Jan 25, 2013 11:00:14 AM Ignore mikesr100 Report Abuse EPA needs to allow more refineries to be built!
Topshopper2011 Champion Author New Jersey Posts:1,003 Points:274,790 Joined:Aug 2011	Message Posted: Jan 25, 2013 10:59:41 AM Ignore Topshopper2011 Report Abuse bogus greed
8ballnd Champion Author North Dakota Posts:2,092 Points:284,225 Joined:Feb 2008	Message Posted: Jan 25, 2013 10:58:30 AM Ignore 8ballnd Report Abuse if one refinery shut down for al few days can drive up gas prices then we dont have enough refineries build more in the upper states
NickoliMB Champion Author Manitoba Posts:2,488 Points:467,255 Joined:Dec 2011	Message Posted: Jan 25, 2013 10:56:55 AM Ignore NickoliMB Report Abuse Any stats to juustify increasing prices..This is a lose lose situation dealing with corporations.
geezrtek Champion Author Michigan Posts:1,886 Points:428,485 Joined:Apr 2011	Message Posted: Jan 25, 2013 10:56:30 AM Ignore geezrtek Report Abuse Bad Old News
RandyK9 Champion Author London Posts:3,417 Points:1,012,160 Joined:Jul 2006	Message Posted: Jan 25, 2013 10:56:27 AM Ignore RandyK9 Report Abuse Is it a move to up the Price again !!!
biggyhy Champion Author Milwaukee Posts:1,456 Points:470,555 Joined:Sep 2011	Message Posted: Jan 25, 2013 10:55:48 AM Ignore biggyhy Report Abuse Only a way to raise prices
labombaOH Veteran Author Ohio Posts:432 Points:128,885 Joined:Nov 2007	Message Posted: Jan 25, 2013 10:55:42 AM Ignore labombaOH Report Abuse And in the spring and summer.................it's always a refinery fire.....at least they didn't git r guns...We are all sheep
danreino Champion Author Twin Cities Posts:8,337 Points:1,537,705 Joined:Mar 2008	Message Posted: Jan 25, 2013 10:55:32 AM Ignore danreino Report Abuse Bullschl____
dlzastera Champion Author Minnesota Posts:4,490 Points:1,019,345 Joined:Mar 2006	Message Posted: Jan 25, 2013 10:53:03 AM Ignore dlzastera Report Abuse Not good to hear.
AriesMMD Champion Author Sacramento Posts:1,476 Points:408,440 Joined:Dec 2011	Message Posted: Jan 25, 2013 10:52:47 AM Ignore AriesMMD Report Abuse Anything to cause prices to go up
Ticoman54 Champion Author Miami Posts:7,026 Points:1,488,020 Joined:Oct 2008	Message Posted: Jan 25, 2013 10:51:52 AM Ignore Ticoman54 Report Abuse With extraordinary surplus of crude and gasoline inventories, the industry finds ways to maintain outrageous price levels and they are getting ready to do it again. With slower production at refineries, expect prices to increase.
paulweb All-Star Author Ohio Posts:806 Points:353,270 Joined:May 2011	Message Posted: Jan 25, 2013 10:50:07 AM Ignore paulweb Report Abuse Y'all should be used to this pattern by now.
slvrdo_dsprdo Champion Author Nashville Posts:4,681 Points:909,990 Joined:Jul 2008	Message Posted: Jan 25, 2013 10:50:03 AM Ignore slvrdo_dsprdo Report Abuse You'd think they could come up with a plan so they don't all have to do it at once, like a group of singers that breathe at different times.
zimowski Champion Author San Jose Posts:6,651 Points:1,580,465 Joined:Nov 2007	Message Posted: Jan 25, 2013 10:49:51 AM Ignore zimowski Report Abuse Gas prices starting to rise here locally.
briinnc Champion Author North Carolina Posts:2,705 Points:834,820 Joined:Jan 2010	Message Posted: Jan 25, 2013 10:49:43 AM Ignore briinnc Report Abuse More manipulation
jcallaw All-Star Author Houston Posts:617 Points:239,825 Joined:May 2012	Message Posted: Jan 25, 2013 10:49:40 AM Ignore jcallaw Report Abuse ok
lightbulbman2008 Champion Author Worcester Posts:413,700 Points:1,583,635 Joined:Oct 2008	Message Posted: Jan 25, 2013 10:48:18 AM Ignore lightbulbman2008 Report Abuse more excuses to raise prices...
driveonby1 Champion Author Toledo Posts:1,507 Points:256,665 Joined:Jun 2007	Message Posted: Jan 25, 2013 10:46:53 AM Ignore driveonby1 Report Abuse Is this any part of the reason that prices are shooting up in the Midwest?
knutzAL Champion Author Alabama Posts:2,248 Points:372,680 Joined:Feb 2012	Message Posted: Jan 25, 2013 10:46:08 AM Ignore knutzAL Report Abuse What exactly is the Energy Information Administration other than an arm of G'ment to assist in the manipulation of gas prices?
MJIOWA Champion Author Iowa Posts:4,803 Points:1,073,945 Joined:Nov 2009	Message Posted: Jan 25, 2013 10:46:01 AM Ignore MJIOWA Report Abuse yup and now we pay
viperahul Champion Author Oakland Posts:1,205 Points:591,425 Joined:Feb 2006	Message Posted: Jan 25, 2013 10:44:14 AM Ignore viperahul Report Abuse Not this again! Get your.....together.