GasBuddy Blog

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics	Add to favorite topics Post New Topic

Author	Topic: EIA petroleum supply/export report and what it means	Post a Reply Back to Topics

PD Moderator	Message Posted: Nov 2, 2011 10:37:14 AM Ignore PD Report Abuse 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 1.8 million barrels to a total of 339.5 million barrels. At 339.5 million barrels, inventories are 28.7 million barrels below last year (-7.8%) and are in the upper limit of the average range. GASOLINE INVENTORIES: Gasoline inventories increased by 1.4 million barrels to 206.3 million barrels. At 206.3 million barrels, inventories are now 6.0 million barrels, or 2.8% lower than last year (last week that number was 4.7% lower). Here's how individual regions and their gasoline inventory fared... Visit GasBuddy Blog for full article

Moderator

Message Posted: Nov 2, 2011 10:37:14 AM

Ignore PD Report Abuse

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 1.8 million barrels to a total of 339.5 million barrels. At 339.5 million barrels, inventories are 28.7 million barrels below last year (-7.8%) and are in the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 1.4 million barrels to 206.3 million barrels. At 206.3 million barrels, inventories are now 6.0 million barrels, or 2.8% lower than last year (last week that number was 4.7% lower). Here's how individual regions and their gasoline inventory fared...

Visit GasBuddy Blog for full article

REPLIES (newest first)Ignore Short Messages

First

Next Last

TeacherSteve Rookie Author Oakland Posts:35 Points:398,340 Joined:Sep 2011	Message Posted: Nov 5, 2011 3:19:27 AM Ignore TeacherSteve Report Abuse OK.
Pete12 Champion Author Albany Posts:4,878 Points:1,645,955 Joined:Nov 2005	Message Posted: Nov 3, 2011 7:58:01 PM Ignore Pete12 Report Abuse Crude oil supply increased and the price goes up, Go figure. The same with gas not going down when the supply increases!
DanMtz Champion Author Oakland Posts:3,365 Points:1,245,375 Joined:Oct 2009	Message Posted: Nov 3, 2011 4:58:03 PM Ignore DanMtz Report Abuse Refiners in the west are squeezing us.
RogerB Champion Author Indianapolis Posts:18,071 Points:2,626,060 Joined:Dec 2005	Message Posted: Nov 3, 2011 4:58:58 AM Ignore RogerB Report Abuse More government propaganda.
LanguageMan1 Champion Author Tampa Posts:11,733 Points:1,663,740 Joined:Apr 2008	Message Posted: Nov 3, 2011 2:12:16 AM Ignore LanguageMan1 Report Abuse While inventories are down, so is our usage.
pgerassi Champion Author Milwaukee Posts:10,906 Points:2,133,555 Joined:Apr 2007	Message Posted: Nov 3, 2011 12:48:39 AM Ignore pgerassi Report Abuse SSDW (Same Story Different Week).
Dremwolf Veteran Author Jacksonville Posts:476 Points:94,370 Joined:May 2008	Message Posted: Nov 3, 2011 12:33:34 AM Ignore Dremwolf Report Abuse Speculators dream land.
Mowerman08 Champion Author Milwaukee Posts:4,765 Points:1,219,720 Joined:Aug 2008	Message Posted: Nov 3, 2011 12:29:10 AM Ignore Mowerman08 Report Abuse next week inventory will be down
regout Champion Author Quebec Posts:2,965 Points:834,655 Joined:May 2010	Message Posted: Nov 3, 2011 12:27:10 AM Ignore regout Report Abuse We need inventories to see a decrease of the price.
granitestater Champion Author New Hampshire Posts:8,836 Points:1,432,700 Joined:Oct 2008	Message Posted: Nov 3, 2011 12:18:02 AM Ignore granitestater Report Abuse Saving our natural resources--whoopee...
speedraider Champion Author Orlando Posts:3,683 Points:1,646,845 Joined:Nov 2005	Message Posted: Nov 3, 2011 12:17:43 AM Ignore speedraider Report Abuse don't trust the goverment
SparkieMi Champion Author Kalamazoo Posts:3,271 Points:590,335 Joined:Sep 2011	Message Posted: Nov 3, 2011 12:17:15 AM Ignore SparkieMi Report Abuse RIGHT.....
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Nov 3, 2011 12:16:56 AM Ignore frostyWV Report Abuse ok
Blue_Cruzer Champion Author Lexington Posts:7,530 Points:1,671,535 Joined:Mar 2007	Message Posted: Nov 3, 2011 12:16:35 AM Ignore Blue_Cruzer Report Abuse A relatively good report. Good for who?
Wierbe Champion Author Cincinnati Posts:3,762 Points:1,121,065 Joined:Apr 2006	Message Posted: Nov 3, 2011 12:14:30 AM Ignore Wierbe Report Abuse I don't follow this type info, but I am glad it is available. Thanks.
joel27nc Champion Author Raleigh Posts:10,547 Points:1,860,320 Joined:Mar 2008	Message Posted: Nov 3, 2011 12:13:02 AM Ignore joel27nc Report Abuse Prices are way to high.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Nov 3, 2011 12:07:11 AM Ignore tedjm1 Report Abuse Same old......
goodbuy Champion Author Michigan Posts:7,678 Points:1,424,530 Joined:May 2005	Message Posted: Nov 3, 2011 12:06:17 AM Ignore goodbuy Report Abuse Does this tell you anything? No money, no gas purchased.
singlemom27 Champion Author Ventura Posts:3,123 Points:642,135 Joined:Apr 2011	Message Posted: Nov 3, 2011 12:05:43 AM Ignore singlemom27 Report Abuse it means nothing
goodbuy Champion Author Michigan Posts:7,678 Points:1,424,530 Joined:May 2005	Message Posted: Nov 3, 2011 12:00:11 AM Ignore goodbuy Report Abuse More government propaganda.
NorthglennBill Champion Author Denver Posts:7,432 Points:1,474,645 Joined:Oct 2008	Message Posted: Nov 2, 2011 11:58:55 PM Ignore NorthglennBill Report Abuse But yet gasoline still remains high.
SparkieMi Champion Author Kalamazoo Posts:3,271 Points:590,335 Joined:Sep 2011	Message Posted: Nov 2, 2011 11:53:40 PM Ignore SparkieMi Report Abuse They still have control...
Holly123 Champion Author Charlotte Posts:3,212 Points:792,160 Joined:Dec 2010	Message Posted: Nov 2, 2011 11:53:10 PM Ignore Holly123 Report Abuse Thanks.
HiGramma Champion Author Michigan Posts:1,815 Points:445,690 Joined:Oct 2008	Message Posted: Nov 2, 2011 11:52:12 PM Ignore HiGramma Report Abuse thanks for the info!
TelsaOR Champion Author Oregon Posts:3,566 Points:733,965 Joined:Jan 2011	Message Posted: Nov 2, 2011 11:51:30 PM Ignore TelsaOR Report Abuse Double that!
JAM11MS All-Star Author Mississippi Posts:830 Points:451,175 Joined:Feb 2011	Message Posted: Nov 2, 2011 11:50:05 PM Ignore JAM11MS Report Abuse Wake Up America. Obama must Go!
SparkieMi Champion Author Kalamazoo Posts:3,271 Points:590,335 Joined:Sep 2011	Message Posted: Nov 2, 2011 11:49:46 PM Ignore SparkieMi Report Abuse The oil companies have keep their profits high in order to pay their executives those huge bonuses and multimillion dollar salaries...
HA4CNN Champion Author Toronto Posts:5,634 Points:1,545,440 Joined:Dec 2006	Message Posted: Nov 2, 2011 11:48:09 PM Ignore HA4CNN Report Abuse Demand in the US does not mean much when you have China just waiting to to pounce on any available oil or gas in the world.
SparkieMi Champion Author Kalamazoo Posts:3,271 Points:590,335 Joined:Sep 2011	Message Posted: Nov 2, 2011 11:38:03 PM Ignore SparkieMi Report Abuse In a dream...
kgbellman Champion Author Ann Arbor Posts:2,723 Points:733,790 Joined:Mar 2011	Message Posted: Nov 2, 2011 11:34:21 PM Ignore kgbellman Report Abuse Even with speculators, if demand goes down, so will the price to get business at the pump . . . and most importantly at the convience stores next to the pumps where the operators make their biggest profit.
mstearno Champion Author Dayton Posts:8,075 Points:1,733,165 Joined:Jan 2008	Message Posted: Nov 2, 2011 11:33:26 PM Ignore mstearno Report Abuse it means we're hosed until we produce more
30mpg80 Champion Author Lexington Posts:10,059 Points:1,489,805 Joined:Nov 2008	Message Posted: Nov 2, 2011 11:28:50 PM Ignore 30mpg80 Report Abuse Use less oil, use all alternatives, buy less from OPEC
AC-302 Champion Author Los Angeles Posts:26,597 Points:2,904,045 Joined:Aug 2004	Message Posted: Nov 2, 2011 11:19:24 PM Ignore AC-302 Report Abuse With demand down, I'm surprised oil is so expensive as it is..
johnchase All-Star Author Miami Posts:545 Points:376,410 Joined:Jun 2011	Message Posted: Nov 2, 2011 11:16:32 PM Ignore johnchase Report Abuse Hopefully the price drops
abcdMA Champion Author Worcester Posts:7,932 Points:1,576,930 Joined:Nov 2008	Message Posted: Nov 2, 2011 11:14:56 PM Ignore abcdMA Report Abuse keep demand down
Buddy2264 Champion Author Tampa Posts:11,664 Points:2,361,920 Joined:Oct 2005	Message Posted: Nov 2, 2011 11:13:08 PM Ignore Buddy2264 Report Abuse They will still sell to the highest bidder.
DustyHorse Champion Author Virginia Posts:6,093 Points:1,393,570 Joined:Oct 2008	Message Posted: Nov 2, 2011 11:11:35 PM Ignore DustyHorse Report Abuse Sounds like good news.
us4usa Champion Author Missouri Posts:5,998 Points:1,114,940 Joined:May 2008	Message Posted: Nov 2, 2011 11:08:21 PM Ignore us4usa Report Abuse Big oil controlling the prices, by playing with supply...
Blue48 Champion Author Illinois Posts:7,315 Points:1,639,895 Joined:Feb 2007	Message Posted: Nov 2, 2011 11:07:58 PM Ignore Blue48 Report Abuse OK
Beaveronparade Champion Author Hartford Posts:2,108 Points:636,785 Joined:Mar 2011	Message Posted: Nov 2, 2011 11:05:07 PM Ignore Beaveronparade Report Abuse Yes we are still being ripped off at the pumps. Since the storm I have been spending around $80 a day just to power my generator not to mention the gas I have to keep putting in the vehicles as I drive around looking for the damn gas. It's killing our budget just as it is everyone else's. Any drop in gas prices would be great, especially now. I just don't see it coming. To top it all off we will be needing heating oil & that price will high as well.
pse91 All-Star Author Calgary Posts:640 Points:560,625 Joined:May 2011	Message Posted: Nov 2, 2011 10:59:34 PM Ignore pse91 Report Abuse So we export just about as much as we take in. What is wrong with this logic?
Barfood Champion Author St. Louis Posts:3,311 Points:1,019,630 Joined:Jun 2009	Message Posted: Nov 2, 2011 10:55:36 PM Ignore Barfood Report Abuse Ok.
ScorpDrvr All-Star Author Sacramento Posts:522 Points:178,185 Joined:Sep 2011	Message Posted: Nov 2, 2011 10:49:53 PM Ignore ScorpDrvr Report Abuse Care to speculate on what this means?
livable1 Champion Author New York Posts:2,323 Points:283,265 Joined:Oct 2008	Message Posted: Nov 2, 2011 10:49:40 PM Ignore livable1 Report Abuse Oh, nice
humancry Champion Author Michigan Posts:4,618 Points:1,002,455 Joined:Nov 2006	Message Posted: Nov 2, 2011 10:49:11 PM Ignore humancry Report Abuse It means we are being gouged and the fleecing of America.
darkknight1 Champion Author Winston-Salem Posts:4,345 Points:897,785 Joined:Nov 2010	Message Posted: Nov 2, 2011 10:46:11 PM Ignore darkknight1 Report Abuse What it means is that we're still getting ripped off at the pump.
tippybuddy Champion Author Ontario Posts:1,523 Points:207,740 Joined:Feb 2011	Message Posted: Nov 2, 2011 10:43:57 PM Ignore tippybuddy Report Abuse same old same old
clermont40miles Champion Author Cincinnati Posts:10,583 Points:1,774,295 Joined:Apr 2008	Message Posted: Nov 2, 2011 10:43:56 PM Ignore clermont40miles Report Abuse Fundamentals (reality) have little influence on price. Hence it matters little. Yawn.
jessek Champion Author Detroit Posts:2,657 Points:1,280,490 Joined:Sep 2008	Message Posted: Nov 2, 2011 10:41:11 PM Ignore jessek Report Abuse Once again, no correlation to the price of gasoline.
bcok Champion Author Los Angeles Posts:2,126 Points:1,544,495 Joined:Oct 2005	Message Posted: Nov 2, 2011 10:39:10 PM Ignore bcok Report Abuse There are those numbers again.