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EIA: Gasoline inventories see increase in all regions

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 0.3 million barrels to a total of 374.1 million barrels. At 374.1 million barrels, inventories are 39.4 million barrels above last year (11.8%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 3.9 million barrels to 204.3 million barrels. At 204.3 million barrels, inventories are down 5.6 million barrels, or 2.7% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.3mb); Midwest...

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Submitted Nov 28, 2012 By: PD

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honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Dec 4, 2012 5:48:06 AM Ignore honda0105 Report Abuse indyjim: indeed. In most cases it doesn't save anything, but may end up hurting a child or an animal.
indyjim Champion Author Indianapolis Posts:10,112 Points:2,322,355 Joined:Jul 2006	Message Posted: Dec 3, 2012 8:40:02 AM Ignore indyjim Report Abuse There are many ways to conserve which will cause prices to drop. The biggest is simply to slow down. Unless one is on an 8 hour trip, jack rabbit starts and fast driving save only seconds on a drive.
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Dec 3, 2012 5:50:44 AM Ignore honda0105 Report Abuse indy: the keyword there is "should" - that's not accounting for Pig Oil's greed...
indyjim Champion Author Indianapolis Posts:10,112 Points:2,322,355 Joined:Jul 2006	Message Posted: Dec 2, 2012 10:16:48 AM Ignore indyjim Report Abuse If we continue to conserve, gas prices should drop.
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Dec 2, 2012 12:21:47 AM Ignore honda0105 Report Abuse when diesel is back to being lower than gasoline, then the economy will pick up steam again.
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Dec 1, 2012 8:27:05 AM Ignore honda0105 Report Abuse heyd: I do too. In fact, one station here went from 3.89 to 4.09 overnight for diesel while gas fell from 3.35 to 3.29. Hmmm.. can anyone say subsidizing...?
heydano67 Champion Author California Posts:1,686 Points:361,435 Joined:Feb 2012	Message Posted: Nov 30, 2012 5:02:49 PM Ignore heydano67 Report Abuse Still waiting for a retail drop in diesel
dockersbin Veteran Author Virginia Beach Posts:407 Points:262,635 Joined:May 2006	Message Posted: Nov 30, 2012 2:28:29 PM Ignore dockersbin Report Abuse prices dropped a few cents around here since the Turkey Day rush is over, which is welcomed, but it sure would be nice to see it fall more!
charlie123SC Veteran Author South Carolina Posts:378 Points:194,100 Joined:Aug 2008	Message Posted: Nov 30, 2012 12:34:39 PM Ignore charlie123SC Report Abuse Good , If they cain't sell price will drop
CapriceWagon All-Star Author Washington Posts:949 Points:481,770 Joined:Feb 2008	Message Posted: Nov 30, 2012 11:21:33 AM Ignore CapriceWagon Report Abuse Prices are bouncing around here, we haven't had a clear decline in a few weeks
52MPG Champion Author Dayton Posts:7,278 Points:1,745,625 Joined:Apr 2006	Message Posted: Nov 30, 2012 1:14:44 AM Ignore 52MPG Report Abuse Are gas prices going down?
mfgendron All-Star Author New York Posts:694 Points:310,835 Joined:Sep 2008	Message Posted: Nov 30, 2012 12:52:52 AM Ignore mfgendron Report Abuse I agree with Pete12.
Pete12 Champion Author Albany Posts:4,883 Points:1,647,780 Joined:Nov 2005	Message Posted: Nov 29, 2012 7:53:58 PM Ignore Pete12 Report Abuse If the gas inventory goes up that most probably means the oil that was used to make gas would go down.
bston Champion Author Oklahoma City Posts:1,835 Points:645,200 Joined:Mar 2011	Message Posted: Nov 29, 2012 6:57:35 PM Ignore bston Report Abuse Prices have dropped here in OK.
jwalkerh Champion Author Louisiana Posts:6,145 Points:1,369,580 Joined:Oct 2008	Message Posted: Nov 29, 2012 10:41:49 AM Ignore jwalkerh Report Abuse Not much spending money???
mainenightowl All-Star Author Maine Posts:883 Points:309,125 Joined:May 2012	Message Posted: Nov 29, 2012 9:49:56 AM Ignore mainenightowl Report Abuse I've noticed it here in this part of Maine. Prices have spiked anywhere from $0.05 to $0.10 in the past week.
rbrowdersr Champion Author Detroit Posts:5,735 Points:1,821,890 Joined:Aug 2006	Message Posted: Nov 29, 2012 7:05:19 AM Ignore rbrowdersr Report Abuse What's new?
WonderfulMI Champion Author Michigan Posts:11,665 Points:1,789,835 Joined:Jun 2008	Message Posted: Nov 29, 2012 6:29:50 AM Ignore WonderfulMI Report Abuse So, if inventories are up there should be no "shortage surcharge"?
tamiuron Champion Author Laredo Posts:1,943 Points:728,285 Joined:Jan 2011	Message Posted: Nov 29, 2012 6:25:46 AM Ignore tamiuron Report Abuse up down up down up
RUNNINONEMPTYFL Champion Author Florida Posts:1,408 Points:460,825 Joined:May 2011	Message Posted: Nov 29, 2012 6:21:56 AM Ignore RUNNINONEMPTYFL Report Abuse Here we go again...
hamdriver Champion Author Lansing Posts:3,479 Points:1,380,225 Joined:Feb 2008	Message Posted: Nov 29, 2012 6:03:44 AM Ignore hamdriver Report Abuse Good stuff...
Redink Champion Author Indianapolis Posts:7,208 Points:1,301,685 Joined:Aug 2005	Message Posted: Nov 29, 2012 6:03:42 AM Ignore Redink Report Abuse Less is being produced; less is also being used.
forderjunk Champion Author Maine Posts:10,643 Points:2,175,560 Joined:Sep 2005	Message Posted: Nov 29, 2012 6:03:41 AM Ignore forderjunk Report Abuse I was happy to read refinery utilization rate was up, but if you noticed both the east & west coast rates are still lagging behind. Also these same areas that have higher gas prices, which could mean there is a link between supply and demand.
leeac Champion Author Ohio Posts:1,611 Points:436,830 Joined:Jan 2012	Message Posted: Nov 29, 2012 6:03:40 AM Ignore leeac Report Abuse If inventories are up (supply up) then economic law says prices should be down.
smokinjoe54 Champion Author Ohio Posts:4,733 Points:915,460 Joined:Feb 2010	Message Posted: Nov 29, 2012 6:02:59 AM Ignore smokinjoe54 Report Abuse Old news.
FieroGT Champion Author Twin Cities Posts:14,337 Points:2,509,035 Joined:Mar 2005	Message Posted: Nov 29, 2012 6:02:41 AM Ignore FieroGT Report Abuse They are big numbers that I don't understand very well. What I'm sensitive to is the pump price at the local gas station.
ricebike Champion Author New Jersey Posts:10,048 Points:1,858,645 Joined:Oct 2005	Message Posted: Nov 29, 2012 5:59:12 AM Ignore ricebike Report Abuse well i don't see the price dropping yet to reflect this
chuckohio Champion Author Columbus Posts:1,274 Points:255,280 Joined:Aug 2012	Message Posted: Nov 29, 2012 5:57:40 AM Ignore chuckohio Report Abuse They go up then they go down. Okay
gabisgram Champion Author Michigan Posts:2,206 Points:914,200 Joined:Sep 2006	Message Posted: Nov 29, 2012 5:57:21 AM Ignore gabisgram Report Abuse I'd be nice if it meant lower prices.
LanguageMan1 Champion Author Tampa Posts:11,738 Points:1,664,715 Joined:Apr 2008	Message Posted: Nov 29, 2012 5:57:05 AM Ignore LanguageMan1 Report Abuse Imagine that!
wulf2000 Champion Author Miami Posts:3,042 Points:1,392,005 Joined:May 2005	Message Posted: Nov 29, 2012 5:56:48 AM Ignore wulf2000 Report Abuse OK
Hunter114 Champion Author Chicago Posts:9,133 Points:1,452,660 Joined:Apr 2009	Message Posted: Nov 29, 2012 5:54:14 AM Ignore Hunter114 Report Abuse Gas prices don't follow supply and demand principles.
BoerneWatch Champion Author San Antonio Posts:15,557 Points:2,456,865 Joined:Oct 2005	Message Posted: Nov 29, 2012 5:52:44 AM Ignore BoerneWatch Report Abuse Inventories just don't have the effect on prices that they did in the past. With domestic refining capacity far exceeding domestic demand, that means inventories are not crucial as our refiners can easily produce what we need when we need it. But, because our dollar is being made less valuable due to our government printing so many of them, the world price of gasoline pulls up what we pay at the pump since others outside the US see gas as being relatively cheap.
jeff95519 Champion Author California Posts:2,467 Points:1,357,165 Joined:Sep 2008	Message Posted: Nov 29, 2012 5:51:35 AM Ignore jeff95519 Report Abuse so then what
isem Champion Author Missouri Posts:1,941 Points:426,110 Joined:Feb 2012	Message Posted: Nov 29, 2012 5:49:54 AM Ignore isem Report Abuse Déjà vu
AvantiMick Champion Author Indiana Posts:12,756 Points:2,545,450 Joined:Dec 2005	Message Posted: Nov 29, 2012 5:46:35 AM Ignore AvantiMick Report Abuse Can't count on these lowering prices, but they will increase prices.
Lengas Champion Author Gary Posts:13,566 Points:2,720,700 Joined:Nov 2004	Message Posted: Nov 29, 2012 5:43:15 AM Ignore Lengas Report Abuse Gas inventories are up, prices SHOULD go down.
SBlouch Champion Author San Antonio Posts:8,746 Points:1,862,360 Joined:Apr 2007	Message Posted: Nov 29, 2012 5:42:30 AM Ignore SBlouch Report Abuse Get rid of the EIA and save more money.
scottydoesnt Champion Author Chicago Posts:3,802 Points:530,320 Joined:Apr 2011	Message Posted: Nov 29, 2012 5:42:06 AM Ignore scottydoesnt Report Abuse Up and down they go. Everyone needs to stop living day by day.
ILVET Champion Author Illinois Posts:14,809 Points:2,928,540 Joined:Jan 2005	Message Posted: Nov 29, 2012 5:41:09 AM Ignore ILVET Report Abuse Lets hope it will go down a little
Beau2140 Champion Author New York Posts:8,316 Points:1,661,160 Joined:Oct 2008	Message Posted: Nov 29, 2012 5:39:51 AM Ignore Beau2140 Report Abuse Should see a lower price.
danny999 Champion Author Florida Posts:8,738 Points:1,641,985 Joined:Oct 2008	Message Posted: Nov 29, 2012 5:39:35 AM Ignore danny999 Report Abuse Interesting,because Comex gas has been steady about 2.73/gal.Gas in Bradenton spiked up about 6 cents a gallon just before Thanksgiving/Black friday.
kd5kpd Champion Author Texas Posts:3,757 Points:1,420,725 Joined:Apr 2006	Message Posted: Nov 29, 2012 5:39:28 AM Ignore kd5kpd Report Abuse Useless dribble, prices dont react because of these reports.
Dailyrun Champion Author Kentucky Posts:1,997 Points:391,765 Joined:Apr 2012	Message Posted: Nov 29, 2012 5:39:16 AM Ignore Dailyrun Report Abuse It doesn't seem to matter.
Maintroll Champion Author Lexington Posts:8,649 Points:1,706,060 Joined:Aug 2008	Message Posted: Nov 29, 2012 5:37:19 AM Ignore Maintroll Report Abuse Oh goody, we now have our weekly propaganda report once again.
neptune2008 Champion Author Michigan Posts:8,588 Points:1,672,650 Joined:Aug 2008	Message Posted: Nov 29, 2012 5:35:10 AM Ignore neptune2008 Report Abuse no more!!!!
LeeFree Champion Author Pittsburgh Posts:9,166 Points:2,246,375 Joined:Jun 2005	Message Posted: Nov 29, 2012 5:34:09 AM Ignore LeeFree Report Abuse Not helping prices in this area.
TommyTraveler Champion Author Cincinnati Posts:8,694 Points:1,701,230 Joined:Nov 2007	Message Posted: Nov 29, 2012 5:33:51 AM Ignore TommyTraveler Report Abuse Gas is .28 higher here then a year ago. Record profit for big oil as well.
BigBearHug Champion Author Amarillo Posts:2,229 Points:489,980 Joined:Dec 2011	Message Posted: Nov 29, 2012 5:30:14 AM Ignore BigBearHug Report Abuse why not
lenasdude All-Star Author Alaska Posts:970 Points:1,014,855 Joined:Jun 2005	Message Posted: Nov 29, 2012 5:29:38 AM Ignore lenasdude Report Abuse They'll figure out a way to rip the public on prices.