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Gasoline inventories continue to slim down amidst higher demand

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 increased by 1.1 million barrels to a total of 377.5 million barrels. At 377.5 million barrels, inventories are 32.7 million barrels above last year (9.5%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.9 million barrels to 228.5 million barrels. At 228.5 million barrels, inventories are down 1.4 million barrels, or 0.6% lower 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 Feb 27, 2013 By: PD

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honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Mar 11, 2013 2:55:29 AM Ignore honda0105 Report Abuse mainly due to Pig Oil creating artificial bottlenecks.
WanderDan All-Star Author Dayton Posts:585 Points:141,210 Joined:Nov 2012	Message Posted: Mar 10, 2013 7:26:32 PM Ignore WanderDan Report Abuse thieves
honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Mar 10, 2013 5:22:14 AM Ignore honda0105 Report Abuse Miata: yup.
MiataPrincess All-Star Author Des Moines Posts:603 Points:96,300 Joined:Feb 2013	Message Posted: Mar 9, 2013 5:39:40 AM Ignore MiataPrincess Report Abuse what ever...we still are dealing with high prices.mostly due to greed
honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Mar 9, 2013 5:34:06 AM Ignore honda0105 Report Abuse and they do it legally to boot with, WD.
WanderDan All-Star Author Dayton Posts:585 Points:141,210 Joined:Nov 2012	Message Posted: Mar 4, 2013 9:02:00 PM Ignore WanderDan Report Abuse theives!!!
honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Mar 3, 2013 5:04:48 AM Ignore honda0105 Report Abuse another way for Pig Oil to make more money during an already bad economy. We're heading for a massive depression with the sequester cuts and Pig Oil driving fuel into bottlenecks again.
honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Mar 2, 2013 4:17:40 AM Ignore honda0105 Report Abuse smky: cut the phone, and the cable and get a rental place.
SmkyPlyr984 Veteran Author Connecticut Posts:386 Points:5,600 Joined:Oct 2012	Message Posted: Feb 28, 2013 2:00:14 PM Ignore SmkyPlyr984 Report Abuse thats if you dont eat
SmkyPlyr984 Veteran Author Connecticut Posts:386 Points:5,600 Joined:Oct 2012	Message Posted: Feb 28, 2013 1:59:51 PM Ignore SmkyPlyr984 Report Abuse phone 150 eletric 120 cable 150 ..ins 300 health ins 800 who the hell can afford to live ....oh and mortage 1250
SmkyPlyr984 Veteran Author Connecticut Posts:386 Points:5,600 Joined:Oct 2012	Message Posted: Feb 28, 2013 1:58:05 PM Ignore SmkyPlyr984 Report Abuse fill up my truck 100 bucks,how mych money do we need to spend on these som bches
SmkyPlyr984 Veteran Author Connecticut Posts:386 Points:5,600 Joined:Oct 2012	Message Posted: Feb 28, 2013 1:57:08 PM Ignore SmkyPlyr984 Report Abuse just bought a 100 gallons of heating oil,,,, 372 bucks,,,, man they killin me...
Rajah Champion Author Illinois Posts:7,553 Points:2,302,945 Joined:Jul 2005	Message Posted: Feb 28, 2013 8:37:05 AM Ignore Rajah Report Abuse Trickling down from the last spike fairly quickly, but expect the next spike fairly soon.
teamsimons Champion Author South Carolina Posts:2,458 Points:499,095 Joined:Aug 2011	Message Posted: Feb 28, 2013 8:01:41 AM Ignore teamsimons Report Abuse Ah, here is a weekly inventory report that seems to have no bearing on gas prices...
zeusboy Rookie Author Atlanta Posts:47 Points:156,315 Joined:Feb 2005	Message Posted: Feb 28, 2013 6:06:58 AM Ignore zeusboy Report Abuse Wholesale prices are dropping rapidly, despite the report (currently 2.82 vs over 3.00 a few days ago). Maybe some eventual relief?
oas Champion Author Maryland Posts:4,210 Points:2,137,415 Joined:Feb 2005	Message Posted: Feb 28, 2013 4:47:10 AM Ignore oas Report Abuse Any excuse to raise prices.
gravityhurts Champion Author North Carolina Posts:4,078 Points:934,580 Joined:Sep 2008	Message Posted: Feb 28, 2013 4:20:47 AM Ignore gravityhurts Report Abuse What a crock of bull-squeeze.
Ray_10589 Champion Author New York Posts:4,931 Points:1,180,060 Joined:May 2009	Message Posted: Feb 28, 2013 4:16:54 AM Ignore Ray_10589 Report Abuse excuse to raise prices ...
Jeffro61 Champion Author Cleveland Posts:2,252 Points:2,281,870 Joined:Oct 2005	Message Posted: Feb 28, 2013 3:36:28 AM Ignore Jeffro61 Report Abuse Gas inventories are down because refining of crude is down.
335d1 Champion Author Virginia Posts:2,361 Points:755,045 Joined:Feb 2011	Message Posted: Feb 28, 2013 3:33:49 AM Ignore 335d1 Report Abuse So gas prices will rise.
CarefulDriver All-Star Author Ann Arbor Posts:561 Points:231,215 Joined:Aug 2012	Message Posted: Feb 28, 2013 3:05:33 AM Ignore CarefulDriver Report Abuse Why do they slim down when demand is high? Why don't they increase production then?
JSX515 Champion Author St. Louis Posts:3,698 Points:798,670 Joined:Feb 2011	Message Posted: Feb 28, 2013 3:04:42 AM Ignore JSX515 Report Abuse Useless
silverfox63 Champion Author Michigan Posts:8,105 Points:1,608,790 Joined:Oct 2008	Message Posted: Feb 28, 2013 3:02:58 AM Ignore silverfox63 Report Abuse This is nothing but a bunch of crap and just another way to see our pump prices jacked up to the stratosphere.
Ferdman17 Champion Author Albany Posts:1,273 Points:371,610 Joined:Feb 2012	Message Posted: Feb 28, 2013 3:00:10 AM Ignore Ferdman17 Report Abuse Just a bunch of crap, It all means nothing
Zuman Champion Author New York Posts:6,149 Points:1,895,755 Joined:May 2005	Message Posted: Feb 28, 2013 2:59:45 AM Ignore Zuman Report Abuse A no brainer.
Petrock Champion Author Lexington Posts:9,108 Points:2,554,835 Joined:Apr 2005	Message Posted: Feb 28, 2013 2:59:31 AM Ignore Petrock Report Abuse Crude oil inventories are up. Sounds like time to raise the price of crude oil! Gasoline inventories are down. Definately time to raise gasoline prices! More news (any news) - good reason to raise prices!!
joekool1 Champion Author Toledo Posts:1,099 Points:131,280 Joined:Sep 2012	Message Posted: Feb 28, 2013 2:59:08 AM Ignore joekool1 Report Abuse these reports are fixed i think
aburns20 Champion Author Virginia Beach Posts:3,240 Points:670,255 Joined:Dec 2010	Message Posted: Feb 28, 2013 2:55:01 AM Ignore aburns20 Report Abuse I don't believe there is higher consumption with the prices we are all paying. I think it is market manipulation to keep the prices high. [Edited by: aburns20 at 2/28/2013 5:55:21 AM EST]
MaxGasUp All-Star Author Maryland Posts:765 Points:226,665 Joined:Sep 2012	Message Posted: Feb 28, 2013 2:54:27 AM Ignore MaxGasUp Report Abuse OK.
forderjunk Champion Author Maine Posts:10,643 Points:2,172,960 Joined:Sep 2005	Message Posted: Feb 28, 2013 2:53:55 AM Ignore forderjunk Report Abuse .contrived depletion to manipulate increase in prices...
kirzon484 Champion Author Atlanta Posts:1,851 Points:429,510 Joined:Jun 2011	Message Posted: Feb 28, 2013 2:52:47 AM Ignore kirzon484 Report Abuse supply and demand
LeeFree Champion Author Pittsburgh Posts:9,136 Points:2,240,525 Joined:Jun 2005	Message Posted: Feb 28, 2013 2:51:11 AM Ignore LeeFree Report Abuse That ought to keep those pump prices nice and high.
isem Champion Author Missouri Posts:1,911 Points:419,510 Joined:Feb 2012	Message Posted: Feb 28, 2013 2:43:47 AM Ignore isem Report Abuse In some parts of the Midwest not many people went anywhere for a few days due to back to back major snow storms with high winds and lots of drifting.
Redink Champion Author Indianapolis Posts:7,176 Points:1,296,340 Joined:Aug 2005	Message Posted: Feb 28, 2013 2:43:19 AM Ignore Redink Report Abuse Inventories down as refineries produce less. Just a way to force prices higher.
hockey_24 All-Star Author KW Posts:777 Points:196,030 Joined:Oct 2012	Message Posted: Feb 28, 2013 2:43:02 AM Ignore hockey_24 Report Abuse all about $
epf Champion Author Grand Rapids Posts:6,319 Points:1,887,680 Joined:May 2004	Message Posted: Feb 28, 2013 2:42:24 AM Ignore epf Report Abuse And around and around we go.
jeff95519 Champion Author California Posts:2,432 Points:1,350,240 Joined:Sep 2008	Message Posted: Feb 28, 2013 2:41:31 AM Ignore jeff95519 Report Abuse so then what
stpetebp Champion Author Tampa Posts:6,206 Points:1,729,655 Joined:Nov 2007	Message Posted: Feb 28, 2013 2:41:25 AM Ignore stpetebp Report Abuse BS
momster1 Veteran Author Wisconsin Posts:448 Points:286,165 Joined:Mar 2011	Message Posted: Feb 28, 2013 2:39:58 AM Ignore momster1 Report Abuse I just don't get it
walkerms1 All-Star Author Albany Posts:960 Points:159,900 Joined:Sep 2012	Message Posted: Feb 28, 2013 2:39:43 AM Ignore walkerms1 Report Abuse Another mild winter!
vamike Champion Author Virginia Posts:5,300 Points:1,360,950 Joined:Dec 2008	Message Posted: Feb 28, 2013 2:39:36 AM Ignore vamike Report Abuse Yawn
Hunter724 Champion Author New Hampshire Posts:8,106 Points:1,643,150 Joined:Sep 2008	Message Posted: Feb 28, 2013 2:37:26 AM Ignore Hunter724 Report Abuse Information doesn't reflect at the pump price......
twt Champion Author Virginia Beach Posts:8,708 Points:995,460 Joined:Mar 2005	Message Posted: Feb 28, 2013 2:37:11 AM Ignore twt Report Abuse More "fixed" studies, to justify high prices.
Rednix Champion Author Miami Posts:6,143 Points:1,272,810 Joined:Jul 2009	Message Posted: Feb 28, 2013 2:36:14 AM Ignore Rednix Report Abuse I don't know if it's higher demand or lower gas production.
Lengas Champion Author Gary Posts:13,530 Points:2,713,775 Joined:Nov 2004	Message Posted: Feb 28, 2013 2:35:41 AM Ignore Lengas Report Abuse Yeah yeah yeah. Big Oil Manipilation.
P H Champion Author Albany Posts:58,068 Points:2,405,005 Joined:Jan 2004	Message Posted: Feb 28, 2013 2:35:06 AM Ignore P H Report Abuse Supply and Demand
Tru2psu2 Champion Author Winston-Salem Posts:14,460 Points:1,552,705 Joined:Feb 2004	Message Posted: Feb 28, 2013 2:30:10 AM Ignore Tru2psu2 Report Abuse Don't drive?
bobzilla11 Champion Author Indiana Posts:1,191 Points:492,450 Joined:May 2011	Message Posted: Feb 28, 2013 2:29:45 AM Ignore bobzilla11 Report Abuse boycott today
NotTom Champion Author New Hampshire Posts:5,336 Points:1,382,140 Joined:Aug 2005	Message Posted: Feb 28, 2013 2:26:17 AM Ignore NotTom Report Abuse do not forget Diesel that tucks our food and Ethanol.DISTILLATE (diesel, heating oil) INVENTORIES: Distillate inventories increased by 0.6 million barrels to a total of 124.2 million barrels. At 124.2 million barrels, inventories are now 12.2% lower than a year ago. Total distillate inventories stand 17.3 million barrels lower than their year ago level.
bassakwards007 Champion Author Orange County Posts:1,117 Points:241,295 Joined:Aug 2012	Message Posted: Feb 28, 2013 2:25:54 AM Ignore bassakwards007 Report Abuse ok