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EIA: Big crude increase as refineries continue to liquidate remaining winter gasoline

GasBuddy Blog -- The Energy Information Administration released its weekly report on the condition of petroleum inventories in the United States today.

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased by 3.9 million barrels to a total of 369.0 million barrels. At 369.0 million barrels, inventories are 12.1 million barrels above last year (3.4%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 3.7 million barrels to 214.0 million barrels. At 214.0 million barrels, inventories are up 5.9 million barrels, or 2.8% more than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-2.3mb); Midwest...

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Submitted Apr 18, 2012 By: PD

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kiosk12y Champion Author Tulsa Posts:3,618 Points:682,040 Joined:Mar 2011	Message Posted: Apr 22, 2012 6:48:21 AM Ignore kiosk12y Report Abuse yeah
gawxnative All-Star Author Atlanta Posts:510 Points:229,865 Joined:Aug 2006	Message Posted: Apr 22, 2012 4:11:26 AM Ignore gawxnative Report Abuse they have to "clear it" out of the system for the summer blends
gas4433 Champion Author Houston Posts:2,362 Points:546,725 Joined:Sep 2011	Message Posted: Apr 20, 2012 1:28:54 PM Ignore gas4433 Report Abuse ok
albert2008 Champion Author Winnipeg Posts:7,357 Points:1,481,985 Joined:Sep 2008	Message Posted: Apr 20, 2012 12:05:42 PM Ignore albert2008 Report Abuse same old every year
gasokie Champion Author Oklahoma Posts:3,448 Points:1,326,225 Joined:May 2007	Message Posted: Apr 20, 2012 8:23:42 AM Ignore gasokie Report Abuse Oh. Don't want it? Mark it down!
bart_reed Champion Author Los Angeles Posts:3,979 Points:786,605 Joined:Mar 2011	Message Posted: Apr 20, 2012 6:41:56 AM Ignore bart_reed Report Abuse So what?
rjhenn Champion Author Des Moines Posts:22,450 Points:2,230,900 Joined:Aug 2005	Message Posted: Apr 19, 2012 5:34:11 PM Ignore rjhenn Report Abuse From the General Forum Guidelines: Please keep your points earning posts in the Just For Fun forum.
pbug101 Champion Author Georgia Posts:2,459 Points:579,900 Joined:Aug 2011	Message Posted: Apr 19, 2012 5:31:42 PM Ignore pbug101 Report Abuse ok
GatorGuy Champion Author Columbia Posts:2,233 Points:1,208,220 Joined:Jan 2009	Message Posted: Apr 19, 2012 2:02:08 PM Ignore GatorGuy Report Abuse summertime!
EMoe57 Champion Author Jacksonville Posts:4,622 Points:1,017,015 Joined:Apr 2009	Message Posted: Apr 19, 2012 8:26:45 AM Ignore EMoe57 Report Abuse ok
orcar Champion Author Boise Posts:2,063 Points:778,740 Joined:Jun 2010	Message Posted: Apr 19, 2012 8:20:12 AM Ignore orcar Report Abuse ok
remay Champion Author Houston Posts:6,968 Points:2,118,365 Joined:May 2006	Message Posted: Apr 19, 2012 8:15:44 AM Ignore remay Report Abuse Why not include a chart or graph showing the change, rather than just mkaing us gloss over a bunch of numbers?
smitttygas Rookie Author Ontario Posts:15 Points:11,250 Joined:May 2011	Message Posted: Apr 19, 2012 8:12:47 AM Ignore smitttygas Report Abuse more bogus
JXQW Champion Author Kansas City Posts:2,787 Points:684,925 Joined:Jul 2008	Message Posted: Apr 19, 2012 8:12:27 AM Ignore JXQW Report Abuse any reason can increase gas prices
MrLuigi Champion Author Massachusetts Posts:4,778 Points:967,660 Joined:Jun 2005	Message Posted: Apr 19, 2012 8:02:17 AM Ignore MrLuigi Report Abuse even more reason for prices to drop, at least until the winter blend is used up
WilW Champion Author Atlanta Posts:12,223 Points:2,672,880 Joined:Aug 2004	Message Posted: Apr 19, 2012 8:01:48 AM Ignore WilW Report Abuse Big "duh".
mikerroy Champion Author Albuquerque Posts:2,571 Points:721,895 Joined:May 2005	Message Posted: Apr 19, 2012 8:00:15 AM Ignore mikerroy Report Abuse If anything happens in the world, even a tree falling in the woods, that is justification to increase the price of gas,
geoag02 All-Star Author Dallas Posts:843 Points:177,970 Joined:Feb 2011	Message Posted: Apr 19, 2012 7:57:33 AM Ignore geoag02 Report Abuse So once all the winter grade is used up that is when the price at the pump will go up....some more.
Blue_Cruzer Champion Author Lexington Posts:7,525 Points:1,670,560 Joined:Mar 2007	Message Posted: Apr 19, 2012 7:54:44 AM Ignore Blue_Cruzer Report Abuse As far as I can see,this report has no effect on pump prices.
yelobus Champion Author Houston Posts:5,605 Points:1,557,815 Joined:Aug 2006	Message Posted: Apr 19, 2012 7:53:41 AM Ignore yelobus Report Abuse Conflicting reports.
CAD69 Champion Author Milwaukee Posts:3,211 Points:847,215 Joined:Nov 2010	Message Posted: Apr 19, 2012 7:52:42 AM Ignore CAD69 Report Abuse so gas prices should go down right?
eddyp94 Champion Author Ontario Posts:8,163 Points:1,660,835 Joined:Mar 2008	Message Posted: Apr 19, 2012 7:52:37 AM Ignore eddyp94 Report Abuse But will fuel pumps follow...
wingryder92 Champion Author British Columbia Posts:5,687 Points:559,955 Joined:Apr 2011	Message Posted: Apr 19, 2012 7:52:00 AM Ignore wingryder92 Report Abuse Oil prices are dropping but gas prices are still rising.
sailormon Champion Author Michigan Posts:3,595 Points:809,210 Joined:Jul 2007	Message Posted: Apr 19, 2012 7:51:20 AM Ignore sailormon Report Abuse Saw a reduction in diesel here today...From $4.15 to 4.09 per gallon. Gasoline on the other hand has been steady at $3.99 for weeks!
Jebeahm Champion Author Maryland Posts:1,252 Points:459,280 Joined:Mar 2011	Message Posted: Apr 19, 2012 7:51:19 AM Ignore Jebeahm Report Abuse There has been a small drop in my area
CharlieC08 Champion Author Colorado Posts:8,077 Points:1,486,075 Joined:Oct 2008	Message Posted: Apr 19, 2012 7:51:10 AM Ignore CharlieC08 Report Abuse Some much that we don't know.
rjd1608 Champion Author Toledo Posts:5,366 Points:1,930,980 Joined:Aug 2003	Message Posted: Apr 19, 2012 7:50:35 AM Ignore rjd1608 Report Abuse how will it effect prices?
Kaiyne Champion Author Chicago Posts:2,344 Points:473,690 Joined:Feb 2011	Message Posted: Apr 19, 2012 7:50:25 AM Ignore Kaiyne Report Abuse ok.
REVLAW Champion Author San Antonio Posts:10,440 Points:2,008,220 Joined:Jul 2007	Message Posted: Apr 19, 2012 7:48:55 AM Ignore REVLAW Report Abuse Okay.
DABEE1073 Champion Author San Diego Posts:8,210 Points:1,574,060 Joined:Jun 2008	Message Posted: Apr 19, 2012 7:48:23 AM Ignore DABEE1073 Report Abuse SO THEN THE PUMP PRICE SHOULD COME DOWN.
Jakster All-Star Author Allentown Posts:975 Points:471,390 Joined:Mar 2005	Message Posted: Apr 19, 2012 7:48:01 AM Ignore Jakster Report Abuse At least prices seem to have stabilized for now. Let's hope it stays that way.
madison8359 Champion Author Cleveland Posts:9,031 Points:1,594,270 Joined:Apr 2008	Message Posted: Apr 19, 2012 7:46:49 AM Ignore madison8359 Report Abuse So what does this mean, higher prices? lower prices? or nothing at all?
JENNYHK Champion Author Chicago Posts:3,646 Points:714,520 Joined:Apr 2011	Message Posted: Apr 19, 2012 7:46:44 AM Ignore JENNYHK Report Abuse Bad news.
firemunkee Veteran Author Maryland Posts:408 Points:56,450 Joined:Jan 2012	Message Posted: Apr 19, 2012 7:44:02 AM Ignore firemunkee Report Abuse interesting
rippertoo Champion Author Tacoma Posts:5,760 Points:1,142,810 Joined:Jan 2010	Message Posted: Apr 19, 2012 7:43:33 AM Ignore rippertoo Report Abuse Gee Really?
gasoutherneagle Champion Author Georgia Posts:2,249 Points:737,410 Joined:Sep 2008	Message Posted: Apr 19, 2012 7:43:10 AM Ignore gasoutherneagle Report Abuse Their is going to be a summer surplus in oil!
Michaels2011 Champion Author Florida Posts:2,141 Points:106,005 Joined:Apr 2011	Message Posted: Apr 19, 2012 7:42:38 AM Ignore Michaels2011 Report Abuse old news
JagXKR Champion Author British Columbia Posts:3,164 Points:1,092,505 Joined:Dec 2009	Message Posted: Apr 19, 2012 7:41:24 AM Ignore JagXKR Report Abuse The EIA is a waste of tax dollars.
Amanstrom Champion Author Los Angeles Posts:1,857 Points:538,905 Joined:Jul 2011	Message Posted: Apr 19, 2012 7:40:00 AM Ignore Amanstrom Report Abuse Interesting
EmperorsFinest Champion Author Chicago Posts:1,564 Points:340,870 Joined:Jul 2011	Message Posted: Apr 19, 2012 7:39:42 AM Ignore EmperorsFinest Report Abuse So sad.
Somis1 Champion Author Ventura Posts:13,687 Points:2,615,750 Joined:Jul 2005	Message Posted: Apr 19, 2012 7:38:54 AM Ignore Somis1 Report Abuse Blah, blah, blah. Here's another great candidate agency for elimination.
gsofrs Champion Author Greensboro Posts:4,158 Points:1,218,515 Joined:Apr 2009	Message Posted: Apr 19, 2012 7:38:37 AM Ignore gsofrs Report Abuse Cost still high.
manbig13 Champion Author Cleveland Posts:1,431 Points:556,725 Joined:May 2011	Message Posted: Apr 19, 2012 7:38:34 AM Ignore manbig13 Report Abuse yeah
btex49 Champion Author Austin Posts:2,720 Points:531,080 Joined:Aug 2011	Message Posted: Apr 19, 2012 7:37:46 AM Ignore btex49 Report Abuse So what?
bluebird1 Champion Author Toronto Posts:15,737 Points:3,109,015 Joined:May 2004	Message Posted: Apr 19, 2012 7:36:48 AM Ignore bluebird1 Report Abuse Same as yesterday & usually liquidation means dropping price - not increasing them...but wait it has dropped by pennies last couple changes - so put out the signs " BIG 1.1% OFF Sale".
RAKARWOWSKI Champion Author Chicago Posts:4,005 Points:822,000 Joined:Jan 2011	Message Posted: Apr 19, 2012 7:36:10 AM Ignore RAKARWOWSKI Report Abuse OK.
Tutootin Champion Author Toronto Posts:10,126 Points:3,078,405 Joined:Jun 2004	Message Posted: Apr 19, 2012 7:34:00 AM Ignore Tutootin Report Abuse Exact same article posted yesterday!
puinsai808 Champion Author Honolulu Posts:3,549 Points:728,280 Joined:May 2011	Message Posted: Apr 19, 2012 7:32:06 AM Ignore puinsai808 Report Abuse We need a build in gasoline inventories. More supply means lower prices.
Tanner_1 Champion Author Virginia Beach Posts:1,541 Points:458,640 Joined:Nov 2011	Message Posted: Apr 19, 2012 7:31:31 AM Ignore Tanner_1 Report Abuse Not sure that the whole thing makes any sense!
DimitrisIL Champion Author Chicago Posts:1,505 Points:524,655 Joined:Feb 2011	Message Posted: Apr 19, 2012 7:31:26 AM Ignore DimitrisIL Report Abuse Prices at the pump will only go down if they run out of storage space for crude.