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EIA: Crude inventories up again, gasoline inventories drop

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 4.0 million barrels to a total of 373.0 million barrels. At 373.0 million barrels, inventories are 9.9 million barrels above last year (2.7%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 2.2 million barrels to 211.7 million barrels. At 211.7 million barrels, inventories are up 6.1 million barrels, or 3.0% more than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.3mb); Midwest...

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Submitted Apr 25, 2012 By: PD

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gawxnative All-Star Author Atlanta Posts:510 Points:229,865 Joined:Aug 2006	Message Posted: Apr 30, 2012 12:23:51 PM Ignore gawxnative Report Abuse till disconnected from supply and demand
Donatelo Champion Author Dayton Posts:1,118 Points:291,825 Joined:Apr 2011	Message Posted: Apr 30, 2012 10:11:22 AM Ignore Donatelo Report Abuse ok
albert2008 Champion Author Winnipeg Posts:7,342 Points:1,479,060 Joined:Sep 2008	Message Posted: Apr 29, 2012 6:16:53 AM Ignore albert2008 Report Abuse same old
honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: Apr 29, 2012 5:03:23 AM Ignore honda0105 Report Abuse SOS...
albert2008 Champion Author Winnipeg Posts:7,342 Points:1,479,060 Joined:Sep 2008	Message Posted: Apr 27, 2012 6:04:14 AM Ignore albert2008 Report Abuse thr merry go round continues
goldseeker Champion Author West Virginia Posts:19,537 Points:2,717,840 Joined:Sep 2005	Message Posted: Apr 27, 2012 5:37:24 AM Ignore goldseeker Report Abuse No real news.
my2002m Champion Author Tulsa Posts:6,069 Points:1,669,325 Joined:Jul 2008	Message Posted: Apr 26, 2012 7:21:42 PM Ignore my2002m Report Abuse We continue to be squeezed by the refiners.
sydb7 Champion Author Atlanta Posts:3,552 Points:1,918,780 Joined:Mar 2003	Message Posted: Apr 26, 2012 9:24:20 AM Ignore sydb7 Report Abuse So what! Prices are still higher than what they should be!
tomok Champion Author Portland Posts:32,975 Points:2,344,535 Joined:Aug 2006	Message Posted: Apr 26, 2012 9:17:01 AM Ignore tomok Report Abuse Crude oil inventories increased, Gasoline inventories decreased, Distillate inventories decreased, Refinery utilization rise of about 0.1%, Total US oil stocks are up. Fuel demand is down and fuel prices at the pump are higher. Big Oil continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. Barry will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction. 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 benefit. Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible! The price of fuel at the pump is too high! 12/22/2012!
gknee09 All-Star Author Philadelphia Posts:980 Points:821,915 Joined:Jul 2009	Message Posted: Apr 26, 2012 8:51:06 AM Ignore gknee09 Report Abuse supply and demand don't apply?
Donatelo Champion Author Dayton Posts:1,118 Points:291,825 Joined:Apr 2011	Message Posted: Apr 26, 2012 7:02:46 AM Ignore Donatelo Report Abuse waaaa, ob is to blame for it all , waaaa
dlemma Champion Author Wyoming Posts:4,101 Points:1,554,045 Joined:Feb 2008	Message Posted: Apr 26, 2012 6:57:31 AM Ignore dlemma Report Abuse government numbers...don't believe anything from Obummer's administration.
EMoe57 Champion Author Jacksonville Posts:4,612 Points:1,015,065 Joined:Apr 2009	Message Posted: Apr 26, 2012 6:33:51 AM Ignore EMoe57 Report Abuse blog as news
maxcap59 Champion Author Texas Posts:2,764 Points:592,270 Joined:Apr 2011	Message Posted: Apr 26, 2012 6:16:47 AM Ignore maxcap59 Report Abuse This isn't exactly news for people that don't take the media's word as gospel.
Wildman14 Champion Author Virginia Posts:3,675 Points:834,905 Joined:Jul 2008	Message Posted: Apr 26, 2012 6:11:52 AM Ignore Wildman14 Report Abuse "If I wanted America to fail ...” I’d regulate the snot out of the business sector. Mind you, some regulation is necessary but too much is stifling.
albert2008 Champion Author Winnipeg Posts:7,342 Points:1,479,060 Joined:Sep 2008	Message Posted: Apr 26, 2012 6:10:47 AM Ignore albert2008 Report Abuse not nice
Mariuxus Champion Author Chicago Posts:3,750 Points:1,869,140 Joined:May 2007	Message Posted: Apr 26, 2012 6:10:27 AM Ignore Mariuxus Report Abuse OK...nothing new...
ZeroBoxes Champion Author Mississippi Posts:1,069 Points:211,390 Joined:Apr 2012	Message Posted: Apr 26, 2012 6:09:23 AM Ignore ZeroBoxes Report Abuse Maybe it could be as simple as refine (and store) based on trend-smoothed American consumer use and for UN countries adjust tariff fees to compensate for Operations Production sunk and unexpected fees thus supporting the stockholders.
MikLamb Champion Author Texas Posts:7,980 Points:2,174,145 Joined:Jun 2006	Message Posted: Apr 26, 2012 6:09:03 AM Ignore MikLamb Report Abuse Ok.
Marson Champion Author Scranton Posts:8,937 Points:2,076,960 Joined:Oct 2006	Message Posted: Apr 26, 2012 6:05:26 AM Ignore Marson Report Abuse I couldn't agree more with Goody2317! Lisa Jackson and her out of control subjects need to be severly reighened in, but it will not happen until Obozo is gone.
maxcap59 Champion Author Texas Posts:2,764 Points:592,270 Joined:Apr 2011	Message Posted: Apr 26, 2012 6:00:40 AM Ignore maxcap59 Report Abuse Agreed Goody. Or, even better, stop giving federal funding to the EPA altogether. That way they'll have to cut way back on their ridiculous attacks "on behalf of the government", and go back to focusing on the things they were originally designed for.
dopster Champion Author Toledo Posts:7,263 Points:2,291,100 Joined:Aug 2004	Message Posted: Apr 26, 2012 5:58:56 AM Ignore dopster Report Abuse I'm sure safer refineries could be built, what with the $Billions Big Oil rakes in!
RangerTrainer Champion Author Ottawa Posts:2,453 Points:608,470 Joined:Nov 2010	Message Posted: Apr 26, 2012 5:58:18 AM Ignore RangerTrainer Report Abuse Slight of hand, any excuse to pump up prices to consumer.
Goody2317 All-Star Author Wilmington Posts:680 Points:618,505 Joined:Jun 2008	Message Posted: Apr 26, 2012 5:56:18 AM Ignore Goody2317 Report Abuse Gas inventories are down due to the EPA regulations that are hurting refineries to the point of them closing down. They can't continue with the fact they are paying more fines to try and keep up with the ever increasing regulations coming from this administration. They need to get out private businesses and just do what the government was originally set up for.
Holly123 Champion Author Charlotte Posts:3,192 Points:789,010 Joined:Dec 2010	Message Posted: Apr 26, 2012 5:56:05 AM Ignore Holly123 Report Abuse Ok ....
mh44s Champion Author Madison Posts:4,379 Points:1,688,315 Joined:May 2006	Message Posted: Apr 26, 2012 5:55:53 AM Ignore mh44s Report Abuse Cut refinery production so the price of gas stays high.
Grismer Champion Author Kitchener-Waterloo Posts:8,524 Points:1,722,095 Joined:Apr 2008	Message Posted: Apr 26, 2012 5:55:38 AM Ignore Grismer Report Abuse These numbers give the green light for refineries to increase export levels for refined oil products.
kgfinder Veteran Author St. Louis Posts:337 Points:146,335 Joined:Aug 2011	Message Posted: Apr 26, 2012 5:55:26 AM Ignore kgfinder Report Abuse Swimming in crude and have more gasoline than last year. Demand must be way down. Plus, we are exporting gasoline.
evohnave Champion Author Virginia Posts:1,745 Points:1,000,000 Joined:Sep 2008	Message Posted: Apr 26, 2012 5:55:15 AM Ignore evohnave Report Abuse What awesome insight! ??
cssco Champion Author Virginia Posts:7,321 Points:1,749,805 Joined:Feb 2006	Message Posted: Apr 26, 2012 5:55:12 AM Ignore cssco Report Abuse Imagine a world without weekly EIA Reports?
Buck_on_Bass Champion Author Tennessee Posts:7,574 Points:1,455,310 Joined:Jul 2007	Message Posted: Apr 26, 2012 5:55:11 AM Ignore Buck_on_Bass Report Abuse Ah, facts and not the propaganda of several other 'news' articles. It would be interesting to see how the crude prices and refinery utilization compared across the country.
Legend1500 All-Star Author Midland Odessa Posts:964 Points:567,975 Joined:Jun 2011	Message Posted: Apr 26, 2012 5:54:50 AM Ignore Legend1500 Report Abuse k
eightiesgod Champion Author Ohio Posts:3,375 Points:1,231,885 Joined:Oct 2008	Message Posted: Apr 26, 2012 5:54:25 AM Ignore eightiesgod Report Abuse yesterday
brownsbacker80 All-Star Author Akron Posts:620 Points:457,240 Joined:Sep 2011	Message Posted: Apr 26, 2012 5:54:20 AM Ignore brownsbacker80 Report Abuse blah blah blah
ratboy1968 Champion Author Montreal Posts:2,612 Points:548,050 Joined:Oct 2011	Message Posted: Apr 26, 2012 5:54:02 AM Ignore ratboy1968 Report Abuse ok
1stClicker Champion Author Texas Posts:5,311 Points:2,242,570 Joined:Oct 2005	Message Posted: Apr 26, 2012 5:53:58 AM Ignore 1stClicker Report Abuse Old news
niceguytx Champion Author Houston Posts:13,690 Points:2,711,785 Joined:Sep 2005	Message Posted: Apr 26, 2012 5:53:54 AM Ignore niceguytx Report Abuse Supply is controlled.
timbyus1 Champion Author Fort Worth Posts:1,959 Points:390,555 Joined:Mar 2012	Message Posted: Apr 26, 2012 5:52:52 AM Ignore timbyus1 Report Abuse ok
livedream Champion Author Michigan Posts:3,674 Points:753,910 Joined:Mar 2011	Message Posted: Apr 26, 2012 5:52:23 AM Ignore livedream Report Abuse Not sure what the point is in publishing inventory levels of oil and gasoline -- We are still being gouged, no matter what!
payogie Champion Author Atlanta Posts:1,047 Points:301,510 Joined:Feb 2005	Message Posted: Apr 26, 2012 5:51:40 AM Ignore payogie Report Abuse Blog, blog, blog.
dieselfiendSC Champion Author South Carolina Posts:2,176 Points:845,630 Joined:Nov 2008	Message Posted: Apr 26, 2012 5:51:16 AM Ignore dieselfiendSC Report Abuse OK
altonb1 Champion Author Pennsylvania Posts:9,331 Points:1,520,570 Joined:Jul 2005	Message Posted: Apr 26, 2012 5:49:48 AM Ignore altonb1 Report Abuse Refineries are shutting down and switching over to summer blends, so decrease in gas stocks is not unexpected.
rnlunder Champion Author Waco Posts:2,321 Points:496,125 Joined:Apr 2011	Message Posted: Apr 26, 2012 5:49:08 AM Ignore rnlunder Report Abuse Gas prices have been going down for the past week or two, so I suspect that this is more Speculator's speak to kick-start the gasoline price hikes again.
bigLtowing Champion Author Columbus Posts:2,829 Points:590,615 Joined:Aug 2011	Message Posted: Apr 26, 2012 5:48:50 AM Ignore bigLtowing Report Abuse bout time getting relife on price
craigrm Champion Author Connecticut Posts:1,740 Points:578,580 Joined:Mar 2008	Message Posted: Apr 26, 2012 5:48:44 AM Ignore craigrm Report Abuse For now...
radstoy Champion Author Pennsylvania Posts:16,459 Points:3,220,705 Joined:Feb 2003	Message Posted: Apr 26, 2012 5:48:38 AM Ignore radstoy Report Abuse Increase supply and prices will drop.
cableman31 Champion Author New York Posts:8,823 Points:2,014,850 Joined:May 2004	Message Posted: Apr 26, 2012 5:48:03 AM Ignore cableman31 Report Abuse Crudes on the same rollercoaster as gas prices, UP and Down and UP and DOWN.
mreiff Champion Author Louisville Posts:5,345 Points:1,302,715 Joined:May 2009	Message Posted: Apr 26, 2012 5:45:07 AM Ignore mreiff Report Abuse Finally getting some relief here at the pump too!
throttle Champion Author Maryland Posts:11,982 Points:2,464,695 Joined:Jul 2004	Message Posted: Apr 26, 2012 5:44:58 AM Ignore throttle Report Abuse Noted.
Lukus Champion Author Halifax Posts:8,278 Points:1,673,555 Joined:Nov 2007	Message Posted: Apr 26, 2012 5:43:20 AM Ignore Lukus Report Abuse Crude inventories up and gas inventories down, I would guess that Big Oil just will hold the crude for a better price.