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GasBuddy News Article

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EIA: Massive increase in gasoline inventories, could push prices lower

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

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories decreased by 2.4 million barrels to a total of 371.8 million barrels. At 371.8 million barrels, inventories are 35.7 million barrels above last year (10.6%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 7.9 million barrels to 212.1 million barrels. At 212.1 million barrels, inventories are down 2.9 million barrels, or 1.3% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.5mb); Midwest...


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Submitted Dec 05, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Massive increase in gasoline inventories, could push prices lower Back to Topics
REPLIES (newest first) Post a Reply
Bearcat500
Champion Author Cincinnati

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Message Posted: Dec 16, 2012 8:09:13 AM

OK
CapriceWagon
Champion Author Washington

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Message Posted: Dec 13, 2012 2:09:30 PM

They're dropping ever so slightly in Washington, $3.22 I saw this morning
txrojo2005
Champion Author Austin

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Message Posted: Dec 13, 2012 11:40:40 AM

Prices are dropping in Central Texas.
WanderDan
All-Star Author Dayton

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Message Posted: Dec 13, 2012 9:36:49 AM

may drop a little-- just enough to keep us on the juice.
sjf238
Champion Author Philadelphia

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Message Posted: Dec 13, 2012 8:19:42 AM

OK.
Donatelo
Champion Author Dayton

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Message Posted: Dec 11, 2012 7:50:05 AM

lower price always good
dockersbin
Veteran Author North Carolina

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Message Posted: Dec 9, 2012 6:34:17 PM

better to have than to not
MinnesotaDJ
Champion Author Minnesota

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Message Posted: Dec 9, 2012 2:51:34 PM

What about the refinery investigations from Sandy? Let's hear about that first!
hogrider12
Rookie Author Phoenix

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Message Posted: Dec 9, 2012 10:56:31 AM

heres hoping
skidsteer85xt
Champion Author Indiana

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Message Posted: Dec 7, 2012 6:38:32 AM

THR MORE THE BETTER
Ray_10589
Champion Author New York

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Message Posted: Dec 6, 2012 10:01:19 PM

gas too high
skybiker
Champion Author South Carolina

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Message Posted: Dec 6, 2012 8:56:56 PM

Bout time,,,,
DanMtz
Champion Author Oakland

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Message Posted: Dec 6, 2012 4:56:41 PM

...unless, of course, there are other refinery "mishaps".
merlinCO
Champion Author Colorado

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Message Posted: Dec 6, 2012 7:26:00 AM

? Oh yeah the market is dictated by financial wizzards not supply and demand.
eschroth442
Champion Author Cleveland

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Message Posted: Dec 6, 2012 7:08:04 AM

don't worry, something "{minor",sorry MAJOR will ahppen and the price to us will soar!!!
jetlagAK
Champion Author Anchorage

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Message Posted: Dec 6, 2012 3:12:00 AM

Yeah right.
RockCity
Champion Author Denver

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Message Posted: Dec 6, 2012 3:06:17 AM

My money is on the, could push prices higher side, perhaps.
fillerupyeoww
Champion Author Columbus

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Message Posted: Dec 6, 2012 3:05:02 AM

Shoulda woulda coulda.
isem
Champion Author Missouri

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Message Posted: Dec 6, 2012 3:03:28 AM

Lower is a relative term. The drop of a few cents at the pump will not make up for the dollars that have been added to the pump price in just a few short years. Sub $2.00 gas will never be back.
LeeFree
Champion Author Pittsburgh

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Message Posted: Dec 6, 2012 3:03:07 AM

I keep waiting for that big price drop at the pump but it's holding firm at $3.59/gal in my area.
bassakwards007
Champion Author Orange County

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Message Posted: Dec 6, 2012 3:02:02 AM

Hope so
chuckwthompson
Champion Author Charlotte

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Message Posted: Dec 6, 2012 3:01:46 AM

Heart be still!
Z06KY
Champion Author Louisville

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Message Posted: Dec 6, 2012 2:56:33 AM

Outstanding but will it effect the pump is another thing.
tco0102
Champion Author Charleston

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Message Posted: Dec 6, 2012 2:56:28 AM

just keep the prices low...
chuckohio
Champion Author Columbus

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Message Posted: Dec 6, 2012 2:55:51 AM

Not too soon for me
vamike
Champion Author Virginia

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Message Posted: Dec 6, 2012 2:55:11 AM

So could going into a depression.
scottydoesnt
Champion Author Chicago

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Message Posted: Dec 6, 2012 2:53:27 AM

Up and down. Everyone seems to tell a different story.
pfone1847
Champion Author Illinois

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Message Posted: Dec 6, 2012 2:53:16 AM

Let's see those lower prices.
crmedic
Champion Author Arkansas

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Message Posted: Dec 6, 2012 2:50:57 AM

Yesterdays news.
VetteFan
Champion Author Indiana

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Message Posted: Dec 6, 2012 2:50:57 AM

Looks like refineries have gotten back on line. Good news for consumers.
JLSindy
Champion Author Cleveland

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Message Posted: Dec 6, 2012 2:49:52 AM

Gas prices not a supply and demand item - gas prices rising again here in NE OHIO.
gabisgram
Champion Author Michigan

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Message Posted: Dec 6, 2012 2:49:00 AM

Well, it says that Michigan prices are on the rise this morning.....
warlord1
Champion Author Georgia

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Message Posted: Dec 6, 2012 2:48:53 AM

I won't believe lower gas prices until we see it all Ive seen so far is alot of talk!!!!!!!!!!!!
dudleydolittle
Champion Author Cleveland

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Message Posted: Dec 6, 2012 2:46:51 AM

and the problem is....
ILVET
Champion Author Illinois

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Message Posted: Dec 6, 2012 2:46:26 AM

Price has nothing to do with supply or demand
neptune2008
Champion Author Michigan

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Message Posted: Dec 6, 2012 2:45:45 AM

just in time for the price to INCREASE over 25 cents...???
bigsranch
Champion Author Houston

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Message Posted: Dec 6, 2012 2:42:59 AM

Massive recession could push the prices lower, also.
FMREALTOR
Champion Author Florida

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Message Posted: Dec 6, 2012 2:41:44 AM

Could?????
TommyTraveler
Champion Author Cincinnati

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Message Posted: Dec 6, 2012 2:40:23 AM

We are getting hised by $1.50 per gallon. Thieves.
dylan126
Champion Author Cleveland

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Message Posted: Dec 6, 2012 2:40:19 AM

very doubtful...
Lengas
Champion Author Gary

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Message Posted: Dec 6, 2012 2:39:14 AM

Big Oil Manipilation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
rosyLI
Champion Author Long Island

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Message Posted: Dec 6, 2012 2:36:33 AM

Nice story if you believe the government and fairy tales.
Rednix
Champion Author Miami

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Message Posted: Dec 6, 2012 2:34:21 AM

More oil in reserves than last year. Let's see lower prices.
heysailor
Champion Author Pittsburgh

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Message Posted: Dec 6, 2012 2:33:05 AM

Old news
AvantiMick
Champion Author Indiana

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Message Posted: Dec 6, 2012 2:28:52 AM

Quit talking about it and just do it!
teamsimons
Champion Author South Carolina

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Message Posted: Dec 6, 2012 2:28:38 AM

Another set of inventories! What does it mean for gas prices? Unfortunately, not much.
Foxt
Champion Author Minnesota

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Message Posted: Dec 6, 2012 2:28:08 AM

They'll have another twenty cent spike and then penny down the week before Christmas and everyone will go yeah, gas prices are coming down. Just like they did for Thanksgiving.
Dailyrun
Champion Author Kentucky

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Message Posted: Dec 6, 2012 2:27:56 AM

good
Bonanza
Champion Author Boston

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Message Posted: Dec 6, 2012 2:27:27 AM

Yesterday's news
Chem60
Champion Author Tallahassee

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Message Posted: Dec 6, 2012 2:27:01 AM

I won't hold mine either!
aburns20
Champion Author Virginia Beach

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Joined:Dec 2010
Message Posted: Dec 6, 2012 2:27:01 AM

Not sure how much I believe this.
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