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GasBuddy News Article

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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...


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Submitted Dec 19, 2012 By: PD
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Author Topic: Gasoline inventories rise again, refinery utilization jumps Back to Topics
REPLIES (newest first) Post a Reply
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djwhit
Champion Author Ohio

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Message Posted: Dec 24, 2012 8:20:07 PM

it fix
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Gas4Gore
Champion Author Detroit

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Message Posted: Dec 21, 2012 8:53:17 PM

Yea.
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Donatelo
Champion Author Dayton

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Message Posted: Dec 21, 2012 11:31:48 AM

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

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Message Posted: Dec 20, 2012 4:14:58 PM

Just stay home.
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OldMan322
Champion Author Illinois

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Message Posted: Dec 20, 2012 7:41:29 AM

"Shaduu" Why yes, a storm is coming and the gouge is on
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Shaduu
Veteran Author Twin Cities

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Message Posted: Dec 20, 2012 6:25:25 AM

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

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Message Posted: Dec 20, 2012 4:21:08 AM

Ok
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Ziggy1962
Champion Author New Jersey

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Message Posted: Dec 20, 2012 2:05:39 AM

Old news.
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jeff95519
Champion Author California

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Message Posted: Dec 20, 2012 2:02:07 AM

good deal
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gabbygusIN
Champion Author Indiana

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Message Posted: Dec 20, 2012 1:59:40 AM

Waiting for the Christmas price spike to set in....
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Bonanza
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Message Posted: Dec 20, 2012 1:59:24 AM

Yesterday's news
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jetlagAK
Champion Author Anchorage

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Message Posted: Dec 20, 2012 1:55:20 AM

Barackanomics: price goes up
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hybridaholic
Champion Author Appleton

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Message Posted: Dec 20, 2012 1:53:38 AM

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

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Message Posted: Dec 20, 2012 1:53:04 AM

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

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Message Posted: Dec 20, 2012 1:52:54 AM

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

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Message Posted: Dec 20, 2012 1:52:40 AM

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

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Message Posted: Dec 20, 2012 1:49:56 AM

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

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Message Posted: Dec 20, 2012 1:49:50 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.
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bassakwards007
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Message Posted: Dec 20, 2012 1:48:13 AM

good
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janda8611
Sophomore Author Michigan

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Message Posted: Dec 20, 2012 1:46:41 AM

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

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Message Posted: Dec 20, 2012 1:44:20 AM

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

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Message Posted: Dec 20, 2012 1:40:35 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.
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tomok
Champion Author Portland

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Message Posted: Dec 20, 2012 1:38:48 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!
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joko0
Champion Author New Jersey

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Message Posted: Dec 20, 2012 1:37:03 AM

I agree ticoman54
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Ticoman54
Champion Author Miami

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Message Posted: Dec 20, 2012 1:33:45 AM

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

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Message Posted: Dec 20, 2012 1:33:38 AM

Good news.
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twobroke61
Champion Author Michigan

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Message Posted: Dec 20, 2012 1:32:58 AM

good news
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RockCity
Champion Author Denver

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Message Posted: Dec 20, 2012 1:31:48 AM

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

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Message Posted: Dec 20, 2012 1:30:11 AM

good news
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BigDogOH
Champion Author Cincinnati

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Message Posted: Dec 20, 2012 1:27:03 AM

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

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Message Posted: Dec 20, 2012 1:23:01 AM

A bunch of games they play
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RichWLIN
Champion Author Indiana

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Message Posted: Dec 20, 2012 1:15:35 AM

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

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Message Posted: Dec 20, 2012 1:10:43 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 !
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tidalwave3
Champion Author Tallahassee

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Message Posted: Dec 20, 2012 1:05:13 AM

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

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Message Posted: Dec 20, 2012 1:04:49 AM

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

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Message Posted: Dec 20, 2012 1:03:17 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).
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Lairre
Champion Author Sacramento

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Message Posted: Dec 20, 2012 1:01:49 AM

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

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Message Posted: Dec 20, 2012 1:01:32 AM

OK what are they plotting now?
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DisMusBeDaPlaz
Champion Author Tampa

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Message Posted: Dec 20, 2012 1:00:56 AM

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

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Message Posted: Dec 20, 2012 12:57:23 AM

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

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Message Posted: Dec 20, 2012 12:56:44 AM

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

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Message Posted: Dec 20, 2012 12:53:28 AM

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

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Message Posted: Dec 20, 2012 12:52:13 AM

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

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Message Posted: Dec 20, 2012 12:50:03 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!
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twt
Champion Author Virginia Beach

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Message Posted: Dec 20, 2012 12:44:14 AM

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

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Message Posted: Dec 20, 2012 12:43:49 AM

And I care because?
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VB_Richard
Champion Author Virginia Beach

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Message Posted: Dec 20, 2012 12:41:11 AM

OK
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1fulltank
Champion Author Buffalo

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Message Posted: Dec 20, 2012 12:40:48 AM

More NUMB3RS.
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lgwhitlock
Champion Author Chico

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Message Posted: Dec 20, 2012 12:35:25 AM

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

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Message Posted: Dec 20, 2012 12:31:47 AM

Gasoline inventories mean nothing. It's what's at the pump that counts.
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