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 30, 2011 11:24:44 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 3.9 million barrels to a total of 334.7 million barrels. At 334.7 million barrels, inventories are 24.9 million barrels below last year (-6.9%) and are in the upper limit of the average range. GASOLINE INVENTORIES: Gasoline inventories increased by 0.2 million barrels to 209.8 million barrels. At 209.8 million barrels, inventories are 0.3 million barrels, or 0.1% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.4mb); Midwest... Visit GasBuddy Blog for full article

Moderator

Message Posted: Nov 30, 2011 11:24:44 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 3.9 million barrels to a total of 334.7 million barrels. At 334.7 million barrels, inventories are 24.9 million barrels below last year (-6.9%) and are in the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 0.2 million barrels to 209.8 million barrels. At 209.8 million barrels, inventories are 0.3 million barrels, or 0.1% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.4mb); Midwest...

Visit GasBuddy Blog for full article

REPLIES (newest first)Ignore Short Messages

First

Next Last

OTISFL Champion Author Pensacola Posts:4,620 Points:867,765 Joined:Apr 2009	Message Posted: Dec 1, 2011 5:14:18 PM Ignore OTISFL Report Abuse Up & Down!!
vizilo Champion Author British Columbia Posts:5,729 Points:2,590,650 Joined:May 2004	Message Posted: Dec 1, 2011 2:54:21 PM Ignore vizilo Report Abuse Up one week and down the next
WalRus49 Champion Author Boston Posts:4,085 Points:870,815 Joined:Nov 2010	Message Posted: Dec 1, 2011 3:10:14 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage.......
KhelbenArunson Champion Author Michigan Posts:4,451 Points:719,590 Joined:Apr 2008	Message Posted: Dec 1, 2011 1:06:50 AM Ignore KhelbenArunson Report Abuse Tasering speculators, throwing big oil officials off the top of tall buildings, and tar and feathering republican lawmakers. These are a good start to get it through to them that WE the PEOPLE have had ENOUGH!
TekWare Champion Author Toronto Posts:3,171 Points:674,850 Joined:May 2011	Message Posted: Dec 1, 2011 12:59:48 AM Ignore TekWare Report Abuse So. Just tell us what freaking events have to occur to make the price of gas go down. Does it involve tasering speculators?
NemoIL Champion Author Illinois Posts:3,035 Points:1,315,170 Joined:Aug 2008	Message Posted: Dec 1, 2011 12:54:40 AM Ignore NemoIL Report Abuse Inventories increasing, prices at the pumps remain the same, the laws of supply and demand don't seem to apply here.
carman11 Champion Author North Carolina Posts:3,348 Points:693,675 Joined:Jun 2011	Message Posted: Dec 1, 2011 12:48:34 AM Ignore carman11 Report Abuse Is this new news. Or is this old news made new again.
badspots Champion Author Houston Posts:2,081 Points:677,060 Joined:Feb 2011	Message Posted: Dec 1, 2011 12:45:22 AM Ignore badspots Report Abuse And?
southrob Champion Author Tucson Posts:3,605 Points:689,150 Joined:Mar 2011	Message Posted: Dec 1, 2011 12:30:24 AM Ignore southrob Report Abuse yeah inventories high when the prices are so high
mrbee Champion Author Little Rock Posts:3,764 Points:2,468,380 Joined:Oct 2005	Message Posted: Dec 1, 2011 12:29:52 AM Ignore mrbee Report Abuse Up again!
greenfog Champion Author Illinois Posts:6,500 Points:1,640,970 Joined:Feb 2008	Message Posted: Dec 1, 2011 12:27:46 AM Ignore greenfog Report Abuse inventories are up because people can't afford to drive and heat their homes.
regout Champion Author Quebec Posts:2,965 Points:834,655 Joined:May 2010	Message Posted: Dec 1, 2011 12:24:25 AM Ignore regout Report Abuse Barrels are at the end of the day at 100.52. So....
big_mac64 Champion Author Tennessee Posts:10,593 Points:1,485,690 Joined:May 2005	Message Posted: Dec 1, 2011 12:24:21 AM Ignore big_mac64 Report Abuse ok
Blue48 Champion Author Illinois Posts:7,315 Points:1,639,895 Joined:Feb 2007	Message Posted: Dec 1, 2011 12:23:28 AM Ignore Blue48 Report Abuse ZZZZZZZZZ!
defiancegasman Champion Author Ohio Posts:7,080 Points:1,323,260 Joined:May 2006	Message Posted: Dec 1, 2011 12:22:58 AM Ignore defiancegasman Report Abuse Crude oil inventories increased by 3.9 million barrels, Gas supply is up and demand is down. Yet around here gas prices just jumped 30 cents a gallon. What, supply and demand does not matter when supply is high.
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Dec 1, 2011 12:14:47 AM Ignore frostyWV Report Abuse ok
Matt G Champion Author Boston Posts:4,543 Points:2,774,990 Joined:Jun 2004	Message Posted: Dec 1, 2011 12:12:20 AM Ignore Matt G Report Abuse So why didn't the price go down
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Dec 1, 2011 12:12:12 AM Ignore tedjm1 Report Abuse same
Zonk Champion Author Michigan Posts:6,491 Points:2,104,715 Joined:Oct 2005	Message Posted: Dec 1, 2011 12:11:40 AM Ignore Zonk Report Abuse As short as the US in supply, why do we export such large quantities of fuel. Pump price of gas increased $0.24/gal. three days ago.
roadrunnin Champion Author Richmond Posts:1,760 Points:566,955 Joined:May 2008	Message Posted: Dec 1, 2011 12:10:43 AM Ignore roadrunnin Report Abuse Wow, we actually kept some gasoline for ourselves this week.
jtfftj Champion Author New Hampshire Posts:2,181 Points:1,250,030 Joined:Sep 2005	Message Posted: Dec 1, 2011 12:08:59 AM Ignore jtfftj Report Abuse This doesn't explain anything, except that you too can lie with statistics.
jkpsr Champion Author New Jersey Posts:4,089 Points:1,103,855 Joined:Jun 2005	Message Posted: Dec 1, 2011 12:06:51 AM Ignore jkpsr Report Abuse This could explain the drop in prices.
HEBster Champion Author Kentucky Posts:8,793 Points:2,375,750 Joined:May 2006	Message Posted: Dec 1, 2011 12:06:38 AM Ignore HEBster Report Abuse Slowly droppin' N Ky!
Dodge_Me Champion Author Atlanta Posts:2,214 Points:557,730 Joined:Mar 2006	Message Posted: Dec 1, 2011 12:06:32 AM Ignore Dodge_Me Report Abuse Not as short as last report, will that mean prices go down?
Geo4564 Champion Author Nevada Posts:6,927 Points:1,570,795 Joined:Aug 2007	Message Posted: Dec 1, 2011 12:05:54 AM Ignore Geo4564 Report Abuse Means nothing when there are "war with Iran" rumors about.
ItsMorph Champion Author Grand Rapids Posts:33,448 Points:3,188,105 Joined:Mar 2004	Message Posted: Dec 1, 2011 12:05:50 AM Ignore ItsMorph Report Abuse We're using too much again.
TheeRedRam Champion Author Hartford Posts:3,173 Points:674,585 Joined:Jun 2011	Message Posted: Dec 1, 2011 12:05:27 AM Ignore TheeRedRam Report Abuse Hummmm
Toppers Champion Author Atlanta Posts:9,022 Points:2,472,645 Joined:Mar 2005	Message Posted: Dec 1, 2011 12:04:31 AM Ignore Toppers Report Abuse Prices still droppin' N ATL...
rxman1 Champion Author Toledo Posts:9,557 Points:1,863,845 Joined:Nov 2007	Message Posted: Dec 1, 2011 12:02:59 AM Ignore rxman1 Report Abuse Optimism about the economy will drive gas prices up. Just look at what the market did today.
Bonito Champion Author Dayton Posts:15,766 Points:3,009,845 Joined:Jun 2004	Message Posted: Dec 1, 2011 12:01:30 AM Ignore Bonito Report Abuse Just more SMOKE to help in the price fixing!
kgbellman Champion Author Ann Arbor Posts:2,723 Points:733,790 Joined:Mar 2011	Message Posted: Nov 30, 2011 11:58:50 PM Ignore kgbellman Report Abuse Quite interesting
QuinteH All-Star Author Ontario Posts:821 Points:74,315 Joined:Oct 2010	Message Posted: Nov 30, 2011 11:58:43 PM Ignore QuinteH Report Abuse Gas prices are down in our area right now but I expect with Xmas around the corner - they will rise.
SBlouch Champion Author San Antonio Posts:8,740 Points:1,861,215 Joined:Apr 2007	Message Posted: Nov 30, 2011 11:58:13 PM Ignore SBlouch Report Abuse An interesting article on petroleum supply and export report.
ILoveGoldens All-Star Author Kentucky Posts:901 Points:378,880 Joined:Aug 2011	Message Posted: Nov 30, 2011 11:57:44 PM Ignore ILoveGoldens Report Abuse So why are gas prices up again?
Fitwit Champion Author Stockton Posts:6,409 Points:1,357,820 Joined:May 2009	Message Posted: Nov 30, 2011 11:54:14 PM Ignore Fitwit Report Abuse Barrels are not my thing.
rodzilla123 Champion Author San Diego Posts:4,410 Points:1,036,315 Joined:Jul 2008	Message Posted: Nov 30, 2011 11:53:34 PM Ignore rodzilla123 Report Abuse Good!!!
OGW Champion Author London Posts:5,329 Points:1,532,975 Joined:Sep 2005	Message Posted: Nov 30, 2011 11:50:42 PM Ignore OGW Report Abuse Why bother, it means nothing to drivers.
Holly123 Champion Author Charlotte Posts:3,212 Points:792,160 Joined:Dec 2010	Message Posted: Nov 30, 2011 11:50:11 PM Ignore Holly123 Report Abuse OK.
nobodyMO Champion Author Kansas City Posts:2,251 Points:554,305 Joined:Nov 2010	Message Posted: Nov 30, 2011 11:46:49 PM Ignore nobodyMO Report Abuse The number can always be changed to read what they want.
blazerbob91 Champion Author Milwaukee Posts:6,150 Points:1,884,645 Joined:Aug 2005	Message Posted: Nov 30, 2011 11:43:23 PM Ignore blazerbob91 Report Abuse Meaningless reoprts. The prices are set by the stock market speculaors.
egd Champion Author Twin Cities Posts:8,105 Points:2,121,225 Joined:Mar 2005	Message Posted: Nov 30, 2011 11:42:29 PM Ignore egd Report Abuse they follow????
tippybuddy Champion Author Ontario Posts:1,523 Points:207,740 Joined:Feb 2011	Message Posted: Nov 30, 2011 11:40:30 PM Ignore tippybuddy Report Abuse It was good to see some gas prices drop but oil hasn't moved down at all as yet..grrrrrrrrrrr
30mpg80 Champion Author Lexington Posts:10,054 Points:1,489,805 Joined:Nov 2008	Message Posted: Nov 30, 2011 11:39:08 PM Ignore 30mpg80 Report Abuse Sure, these are the highlights
gd83goldwinger Champion Author South Bend Posts:1,428 Points:504,980 Joined:May 2011	Message Posted: Nov 30, 2011 11:28:08 PM Ignore gd83goldwinger Report Abuse Ok????????
mstearno Champion Author Dayton Posts:8,075 Points:1,733,165 Joined:Jan 2008	Message Posted: Nov 30, 2011 11:20:46 PM Ignore mstearno Report Abuse what joke
FrankTA2 Champion Author New York Posts:4,303 Points:1,097,260 Joined:Jun 2007	Message Posted: Nov 30, 2011 11:17:54 PM Ignore FrankTA2 Report Abuse Excellent!!!
ConsumerGuy Sophomore Author Baltimore Posts:156 Points:32,105 Joined:Feb 2011	Message Posted: Nov 30, 2011 11:16:52 PM Ignore ConsumerGuy Report Abuse Interesting.
carman11 Champion Author North Carolina Posts:3,348 Points:693,675 Joined:Jun 2011	Message Posted: Nov 30, 2011 11:16:35 PM Ignore carman11 Report Abuse ok.
abcdMA Champion Author Worcester Posts:7,932 Points:1,576,930 Joined:Nov 2008	Message Posted: Nov 30, 2011 11:15:26 PM Ignore abcdMA Report Abuse keep demand down
LaVonneK Champion Author Iowa Posts:2,955 Points:628,700 Joined:Jul 2011	Message Posted: Nov 30, 2011 11:15:23 PM Ignore LaVonneK Report Abuse Thanks.