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EIA: Crude inventories drop, gasoline inventories flat

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 decreased by 4.3 million barrels to a total of 382.9 million barrels. At 382.9 million barrels, inventories are 24.3 million barrels above last year (6.8%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 0.2 million barrels to 205.0 million barrels. At 205.0 million barrels, inventories are down 7.6 million barrels, or 3.6% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-1.7mb); Midwest...

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Submitted Jul 05, 2012 By: PD

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stonecold5005 All-Star Author Waco Posts:817 Points:20,240 Joined:Mar 2012	Message Posted: Jul 26, 2012 7:08:19 AM Ignore stonecold5005 Report Abuse ok
stonecold5005 All-Star Author Waco Posts:817 Points:20,240 Joined:Mar 2012	Message Posted: Jul 13, 2012 7:43:11 AM Ignore stonecold5005 Report Abuse ok
StationGF Sophomore Author Chicago Posts:121 Points:34,770 Joined:Jun 2012	Message Posted: Jul 8, 2012 2:50:33 PM Ignore StationGF Report Abuse ok
albert2008 Champion Author Winnipeg Posts:7,332 Points:1,477,010 Joined:Sep 2008	Message Posted: Jul 7, 2012 8:02:09 AM Ignore albert2008 Report Abuse not nice
jlf599 Veteran Author Kentucky Posts:339 Points:126,925 Joined:May 2012	Message Posted: Jul 6, 2012 11:34:19 PM Ignore jlf599 Report Abuse Speculators keep our prices nice and high. Stop the speculators and let supply and demand do what it's supposed to do.
jerej829 Champion Author Memphis Posts:2,831 Points:689,590 Joined:May 2011	Message Posted: Jul 6, 2012 5:26:51 PM Ignore jerej829 Report Abuse Bring the price down
CapriceWagon All-Star Author Washington Posts:929 Points:474,770 Joined:Feb 2008	Message Posted: Jul 6, 2012 12:33:45 PM Ignore CapriceWagon Report Abuse why are prices going up?
sparky808 Champion Author Honolulu Posts:2,976 Points:593,835 Joined:Sep 2011	Message Posted: Jul 6, 2012 12:22:46 PM Ignore sparky808 Report Abuse Thank you for posting.
Galmar352 Champion Author San Antonio Posts:10,158 Points:1,882,625 Joined:Dec 2005	Message Posted: Jul 6, 2012 10:39:19 AM Ignore Galmar352 Report Abuse Ok... repeat of yesterday's post
1mrtym Veteran Author Houston Posts:457 Points:92,475 Joined:Mar 2012	Message Posted: Jul 6, 2012 10:21:52 AM Ignore 1mrtym Report Abuse ok
Banjoe Champion Author Winnipeg Posts:4,215 Points:610,185 Joined:Apr 2011	Message Posted: Jul 6, 2012 10:20:51 AM Ignore Banjoe Report Abuse Dropping but still above last year and our demand is lower. This should keep downward pressure on pricing.
AuntJaime Champion Author New Jersey Posts:2,869 Points:401,310 Joined:May 2011	Message Posted: Jul 6, 2012 9:26:51 AM Ignore AuntJaime Report Abuse roller coaster
Clits All-Star Author Louisiana Posts:866 Points:257,040 Joined:Mar 2005	Message Posted: Jul 6, 2012 9:26:37 AM Ignore Clits Report Abuse Yea, I don't see it..
devildog66 Veteran Author Pennsylvania Posts:466 Points:282,360 Joined:May 2012	Message Posted: Jul 6, 2012 9:04:48 AM Ignore devildog66 Report Abuse With the cost of diesel and heating oil so high why are we a major exporter of oil products?
MrLuigi Champion Author Massachusetts Posts:4,753 Points:962,685 Joined:Jun 2005	Message Posted: Jul 6, 2012 9:04:42 AM Ignore MrLuigi Report Abuse those numbers have to be bogus considering the way they were last week supposedly anyway
40mpgsaturn Champion Author Wisconsin Posts:2,480 Points:517,630 Joined:Jun 2011	Message Posted: Jul 6, 2012 9:03:31 AM Ignore 40mpgsaturn Report Abuse We just got our .10 increase that others had been talking about,sucks!
KarateDude Champion Author Cincinnati Posts:2,486 Points:833,840 Joined:Mar 2008	Message Posted: Jul 6, 2012 9:03:10 AM Ignore KarateDude Report Abuse Controlling the inventory to drive up prices...
INBwana Champion Author Indiana Posts:5,416 Points:691,985 Joined:Apr 2011	Message Posted: Jul 6, 2012 9:00:22 AM Ignore INBwana Report Abuse I am starting to believe what "survken" said.
Donliberty Champion Author New York Posts:1,643 Points:649,040 Joined:Apr 2011	Message Posted: Jul 6, 2012 8:59:55 AM Ignore Donliberty Report Abuse ok
IUVidiot Champion Author Indiana Posts:3,565 Points:704,460 Joined:Jun 2011	Message Posted: Jul 6, 2012 8:59:35 AM Ignore IUVidiot Report Abuse ok
rickfro All-Star Author San Diego Posts:678 Points:327,520 Joined:Nov 2008	Message Posted: Jul 6, 2012 8:59:13 AM Ignore rickfro Report Abuse This happens.
HelenT Champion Author Buffalo Posts:2,939 Points:594,150 Joined:Apr 2004	Message Posted: Jul 6, 2012 8:58:04 AM Ignore HelenT Report Abuse Ditto to "survken"
survken Champion Author Indiana Posts:2,472 Points:435,855 Joined:Jul 2010	Message Posted: Jul 6, 2012 8:57:05 AM Ignore survken Report Abuse Meaningless information anymore. Prices are not controlled by supply and demand.
mrservonics Champion Author Boston Posts:2,704 Points:1,348,430 Joined:May 2005	Message Posted: Jul 6, 2012 8:57:00 AM Ignore mrservonics Report Abuse conserve more
1178richmond Champion Author New Jersey Posts:2,871 Points:793,300 Joined:Feb 2011	Message Posted: Jul 6, 2012 8:56:29 AM Ignore 1178richmond Report Abuse ok
mberg Champion Author Houston Posts:3,782 Points:955,505 Joined:Aug 2010	Message Posted: Jul 6, 2012 8:53:22 AM Ignore mberg Report Abuse Exactly what action should we all take after reading this article?
shores4now Champion Author Kentucky Posts:2,386 Points:519,800 Joined:Jul 2009	Message Posted: Jul 6, 2012 8:53:15 AM Ignore shores4now Report Abuse ok
Don20 Champion Author Oklahoma City Posts:9,647 Points:2,614,655 Joined:Mar 2005	Message Posted: Jul 6, 2012 8:52:56 AM Ignore Don20 Report Abuse That is pretty much normal operation, inventories flux all the time. Up and Down... Not to worry....
Insuremn Champion Author Twin Cities Posts:4,932 Points:1,026,260 Joined:May 2010	Message Posted: Jul 6, 2012 8:52:49 AM Ignore Insuremn Report Abuse Drill here now and put US citizens to work in the oil industry. Stop sending our money to OPEC. Get rid of Obama.
craigsf38 Champion Author Rochester Posts:5,688 Points:1,506,030 Joined:Jun 2008	Message Posted: Jul 6, 2012 8:52:06 AM Ignore craigsf38 Report Abuse OK
garjul Champion Author Flint Posts:1,560 Points:645,615 Joined:Jul 2009	Message Posted: Jul 6, 2012 8:50:42 AM Ignore garjul Report Abuse alot of ok's
tomok Champion Author Portland Posts:32,911 Points:2,341,510 Joined:Aug 2006	Message Posted: Jul 6, 2012 8:49:49 AM Ignore tomok Report Abuse Crude oil inventories decreased, Gasoline inventories increased, Distillate inventories decreased, Refinery utilization 0.6% fall from last week, Total US oil stocks are up 3.1%. Pump prices have been dropping with a rise in refinery output, refinery utilization is almost in the 90% plus use except the East Coast @ 81.4%. Higher gasoline inventories Is a good thing! Lower Crude oil inventories is a bad thing! 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. 'Coming out of the closet' Barry (aka – vampire/ghost hunter) will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction and receive the huge federal tax income from oil. Barry's economy is not improving but continues to hurt the population. 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 benefit. How much will gas prices go up when it starts to rise again? And they will rise, the trend is always up with fuel prices. The price at the pump needs to go down to $2/gallon, $3 to $3.50/gallon is Not the new low! Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost. The price of fuel at the pump is too high! 12/22/2012!
chevellefan Champion Author Georgia Posts:2,708 Points:588,570 Joined:Sep 2011	Message Posted: Jul 6, 2012 8:49:02 AM Ignore chevellefan Report Abuse k
maske_2222 Champion Author Manitoba Posts:7,422 Points:1,500,005 Joined:Oct 2008	Message Posted: Jul 6, 2012 8:48:52 AM Ignore maske_2222 Report Abuse ok......
ByGuy Champion Author Dallas Posts:7,823 Points:1,703,290 Joined:Nov 2005	Message Posted: Jul 6, 2012 8:48:49 AM Ignore ByGuy Report Abuse No recovery in sight.
tdmedan All-Star Author Colorado Posts:580 Points:148,945 Joined:May 2012	Message Posted: Jul 6, 2012 8:48:22 AM Ignore tdmedan Report Abuse reverse that
Iripmaster Sophomore Author Grand Rapids Posts:227 Points:201,455 Joined:Apr 2004	Message Posted: Jul 6, 2012 8:47:19 AM Ignore Iripmaster Report Abuse ok
Soglaos Champion Author Virginia Beach Posts:2,770 Points:736,485 Joined:Feb 2011	Message Posted: Jul 6, 2012 8:47:11 AM Ignore Soglaos Report Abuse Repeat
1958tomg Champion Author Kansas Posts:2,116 Points:541,340 Joined:Oct 2011	Message Posted: Jul 6, 2012 8:44:47 AM Ignore 1958tomg Report Abuse ok
MikeMotorhead All-Star Author Detroit Posts:744 Points:523,870 Joined:Oct 2009	Message Posted: Jul 6, 2012 8:44:34 AM Ignore MikeMotorhead Report Abuse Doesn't relate to price anymore.
bigbing64 Champion Author Memphis Posts:1,007 Points:250,870 Joined:Sep 2008	Message Posted: Jul 6, 2012 8:44:05 AM Ignore bigbing64 Report Abuse Market manipulation again...
JWHITE1937 Champion Author Massachusetts Posts:2,499 Points:992,055 Joined:Aug 2006	Message Posted: Jul 6, 2012 8:42:44 AM Ignore JWHITE1937 Report Abuse Oil industry manipulated numbers?
pulpwood Champion Author Mississippi Posts:7,379 Points:1,859,605 Joined:Sep 2006	Message Posted: Jul 6, 2012 8:42:42 AM Ignore pulpwood Report Abuse ok
Diesel_Ram Champion Author Dallas Posts:6,477 Points:1,514,235 Joined:Jan 2009	Message Posted: Jul 6, 2012 8:42:35 AM Ignore Diesel_Ram Report Abuse Yesterdays Story
slgas Champion Author Houston Posts:6,005 Points:1,557,565 Joined:Oct 2008	Message Posted: Jul 6, 2012 8:41:58 AM Ignore slgas Report Abuse Contains the usual end-of-week excitement for me.
Goody2317 All-Star Author Wilmington Posts:680 Points:617,155 Joined:Jun 2008	Message Posted: Jul 6, 2012 8:41:46 AM Ignore Goody2317 Report Abuse Goes to show that even though inventories stay flat, just mention the words Iran and war and watch the prices jump.
Asbury09 Champion Author Iowa Posts:7,193 Points:1,525,555 Joined:Jan 2009	Message Posted: Jul 6, 2012 8:41:00 AM Ignore Asbury09 Report Abuse more gov't funny numbers
AAxterra Champion Author Tennessee Posts:3,749 Points:765,435 Joined:Aug 2008	Message Posted: Jul 6, 2012 8:40:49 AM Ignore AAxterra Report Abuse ok
TBecker1415 Champion Author Missouri Posts:1,655 Points:346,665 Joined:Nov 2011	Message Posted: Jul 6, 2012 8:40:49 AM Ignore TBecker1415 Report Abuse hmmm.
Indy1 All-Star Author Quad Cities Posts:877 Points:800,575 Joined:Apr 2008	Message Posted: Jul 6, 2012 8:40:07 AM Ignore Indy1 Report Abuse ok