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GasBuddy News Article

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DOE reports gasoline inventories increase while refinery utilization slips

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 0.6 million barrels to a total of 371.1 million barrels. At 371.1 million barrels, inventories are 43.6 million barrels above last year (13.3%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 3.8 million barrels to 223.1 million barrels. At 223.1 million barrels, inventories are up 5.4 million barrels, or 2.5% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+2.0mb); Midwest...


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Submitted Dec 28, 2012 By: PD
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Author Topic: DOE reports gasoline inventories increase while refinery utilization slips Back to Topics
REPLIES (newest first) Post a Reply
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Jkent1953
Champion Author Salt Lake City

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Message Posted: Jan 7, 2013 12:27:13 PM

It appears they are storing it up while it is cheap so they can sell it when the price goes up.
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mabrams184
Champion Author Lexington

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Message Posted: Jan 3, 2013 9:37:30 PM

What happen to supply and demand?
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Dennisjk
Champion Author Detroit

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Message Posted: Jan 1, 2013 7:42:38 PM

It's not keeping the prices from rising.
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joanne_abrahams
Rookie Author New York

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Message Posted: Dec 31, 2012 11:10:24 AM

Happy New Year

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mst150
Champion Author Detroit

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Message Posted: Dec 29, 2012 8:12:36 PM

Ok
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otherdave
Champion Author Indiana

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Message Posted: Dec 29, 2012 6:53:59 AM

And prices rise.
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kobes1
Champion Author Florida

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Message Posted: Dec 29, 2012 6:03:04 AM

Greed is everywhere
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Jamer
Champion Author Las Vegas

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Message Posted: Dec 29, 2012 6:02:35 AM

GREED, GREED, and more GREED.
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scottydoesnt
Champion Author Chicago

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Message Posted: Dec 29, 2012 6:01:38 AM

Apparently none of this matters, since gas is on the rise.
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fillerupyeoww
Champion Author Columbus

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Message Posted: Dec 29, 2012 6:00:36 AM

None of this really means much at the pump.
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DrivingFool2
Champion Author Appleton

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Message Posted: Dec 29, 2012 5:57:24 AM

Greed.
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SteveMartin
Champion Author New Orleans

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Message Posted: Dec 29, 2012 5:55:15 AM

So does this mean gas prices will rise?
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us412
Champion Author Arkansas

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Message Posted: Dec 29, 2012 5:48:54 AM

Fuel surplus increases along with price. WOW! But not in a good way.
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epf
Champion Author Grand Rapids

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Message Posted: Dec 29, 2012 5:46:17 AM

All this is so mind boggling
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Beau2140
Champion Author New York

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Message Posted: Dec 29, 2012 5:45:55 AM

Prices should be steady or going down. Here there is an increase in prices. Greed.........
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BEngr
Champion Author Illinois

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Message Posted: Dec 29, 2012 5:43:28 AM

Thanks for the update. While there is a lot of good news, I am confused why we import and export the same product. It has to be because the refineries can made more money instead of putting the product into inventory.
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stpetebp
Champion Author Tampa

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Message Posted: Dec 29, 2012 5:43:15 AM

Speculation mixed with nothing but greed
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bassakwards007
Champion Author Orange County

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Message Posted: Dec 29, 2012 5:42:03 AM

greed
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twt
Champion Author Virginia Beach

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Message Posted: Dec 29, 2012 5:40:01 AM

Just another example of our "Government" choking us, for another dollar.
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BigDogOH
Champion Author Cincinnati

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Message Posted: Dec 29, 2012 5:24:48 AM

Just wait till new fed gas tax after 1st of year!
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pfone1847
Champion Author Illinois

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Message Posted: Dec 29, 2012 5:22:11 AM

Why are the prices at the pumps going up then?
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Bill100
Champion Author Grand Rapids

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Message Posted: Dec 29, 2012 5:19:32 AM

Rising inventories should drive prices down.
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FMREALTOR
Champion Author Florida

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Message Posted: Dec 29, 2012 5:17:06 AM

Gasoline prices are rising sharply
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no_monkey2002
Champion Author Tallahassee

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Message Posted: Dec 29, 2012 5:15:51 AM

energy information administration what good are you to the people..just a waste of time..another government job that we do not need
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roadrunnerMO
Champion Author Kansas

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Message Posted: Dec 29, 2012 5:13:15 AM

A department of government that is a total waste of taxpayer dollars.
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ricebike
Champion Author New Jersey

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Message Posted: Dec 29, 2012 5:12:57 AM

so does this means the prices will go DOWN?
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fratt
Champion Author Grand Rapids

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Message Posted: Dec 29, 2012 5:06:43 AM

Playing games.
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DutchTreatMI
Champion Author Grand Rapids

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Message Posted: Dec 29, 2012 5:04:49 AM

So gas prices should be coming down some again as we always have the big price jumps anytime prices go up.
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DutchTreatMI
Champion Author Grand Rapids

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Message Posted: Dec 29, 2012 5:04:47 AM

So gas prices should be coming down some again as we always have the big price jumps anytime prices go up.
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singlemom27
Champion Author Ventura

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Message Posted: Dec 29, 2012 5:04:16 AM

Which should signal price reductions...but it won't!
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SteelPenny
Champion Author Dallas

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Message Posted: Dec 29, 2012 5:01:18 AM

Nobody can afford gasoline and even less affordable Jan 1 when Zero'BOY's taxes go up.
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chuckwthompson
Champion Author Charlotte

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Message Posted: Dec 29, 2012 4:59:09 AM

Tomok squarely hit the nail on the head!
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mrjames1818
Champion Author New Jersey

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Message Posted: Dec 29, 2012 4:50:32 AM

Gas Thirsty - Ditto
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vulcan96
Champion Author Ohio

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Message Posted: Dec 29, 2012 4:49:36 AM

blah, blah, and more hot air
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Cableman66
Champion Author North Carolina

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Message Posted: Dec 29, 2012 4:49:22 AM

Old news.
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danny999
Champion Author Florida

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Message Posted: Dec 29, 2012 4:42:21 AM

Inventories up and so is Comex.Now 2.80/gal.That's pushing pump prices towards the 3.40-3.45 mark in Florida.
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bart_reed
Champion Author Los Angeles

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Message Posted: Dec 29, 2012 4:37:26 AM

This doesn't touch the retail price.
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twobroke61
Champion Author Michigan

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Message Posted: Dec 29, 2012 4:37:07 AM

good report keep it up
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tomok
Champion Author Portland

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Message Posted: Dec 29, 2012 4:36:20 AM

DOE reports gasoline inventories increase while refinery utilization slips, lower refinery output to start driving the price of fuel up at the pump again?
Crude oil inventories decreased, Gasoline inventories increased, Distillate inventories increased, Refinery utilization decreased 1.2% from last week numbers, Total US oil stocks are up 5.7% 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 more!
Big Oil and Big Gas sells fuel and natural gas on the world market for higher prices to othwer 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!
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.
More Refineries are Not the answer, Stop exporting fuel is!
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! - The Day After......
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RockCity
Champion Author Denver

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Message Posted: Dec 29, 2012 4:29:14 AM

Very good report. Keep up the good work, perhaps.
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wegman
Champion Author Twin Cities

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Message Posted: Dec 29, 2012 4:28:29 AM

Obamanomics = decreased demand because there will NOT be a recovery.

Election Day 2012 will teach painful lessons over the next four years.
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Foxt
Champion Author Minnesota

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Message Posted: Dec 29, 2012 4:25:37 AM

Common this time of year.
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Double_Golden
Champion Author San Francisco

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Message Posted: Dec 29, 2012 4:22:18 AM

ok...
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prorodeo2012
All-Star Author Bakersfield

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Joined:Sep 2012
Message Posted: Dec 29, 2012 4:07:46 AM

Odd
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bobdec
Champion Author Miami

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Message Posted: Dec 29, 2012 4:02:32 AM

Not helping prices any
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tco9436
Champion Author Connecticut

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Message Posted: Dec 29, 2012 4:00:44 AM

ok
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skanytank
Champion Author Kentucky

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Message Posted: Dec 29, 2012 4:00:23 AM

Yeah, like that's gonna help prices any...just saying...
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12mpgnavigator
Champion Author Seattle

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Message Posted: Dec 29, 2012 3:57:29 AM

Happy Holidays everyone!
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LanguageMan1
Champion Author Tampa

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Message Posted: Dec 29, 2012 3:55:39 AM

Prices are still too high and will remain so.
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D4444J
Champion Author Albuquerque

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Message Posted: Dec 29, 2012 3:55:20 AM

Keep on dropping
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