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Gasoline inventories rise again, refinery utilization jumps

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 1.0 million barrels to a total of 371.6 million barrels. At 371.6 million barrels, inventories are 48.1 million barrels above last year (14.9%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 2.2 million barrels to 219.3 million barrels. At 219.3 million barrels, inventories are down 0.9 million barrels, or 0.4% higher 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 19, 2012 By: PD

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djwhit Champion Author Ohio Posts:3,152 Points:1,236,155 Joined:Jul 2009	Message Posted: Dec 24, 2012 11:20:07 PM Ignore djwhit Report Abuse it fix
Gas4Gore Champion Author Detroit Posts:2,524 Points:444,225 Joined:Jan 2010	Message Posted: Dec 21, 2012 11:53:17 PM Ignore Gas4Gore Report Abuse Yea.
Donatelo Champion Author Dayton Posts:1,168 Points:307,705 Joined:Apr 2011	Message Posted: Dec 21, 2012 2:31:48 PM Ignore Donatelo Report Abuse CURRENT TECHNOLOGY COULD INCREASE MILEAGE OF CARS, WE NEED INNOVATION AND HIGHER FUEL STANDARDS.
07skydriver Champion Author Ohio Posts:3,379 Points:1,010,280 Joined:Feb 2009	Message Posted: Dec 20, 2012 7:14:58 PM Ignore 07skydriver Report Abuse Just stay home.
OldMan322 Champion Author Illinois Posts:5,287 Points:1,622,130 Joined:Jul 2008	Message Posted: Dec 20, 2012 10:41:29 AM Ignore OldMan322 Report Abuse "Shaduu" Why yes, a storm is coming and the gouge is on
Shaduu Veteran Author Twin Cities Posts:331 Points:86,720 Joined:Apr 2005	Message Posted: Dec 20, 2012 9:25:25 AM Ignore Shaduu Report Abuse And the gas prices are going up.
gravityhurts Champion Author North Carolina Posts:4,234 Points:965,205 Joined:Sep 2008	Message Posted: Dec 20, 2012 7:21:08 AM Ignore gravityhurts Report Abuse Ok
Ziggy1962 Champion Author New Jersey Posts:6,097 Points:1,838,385 Joined:Aug 2006	Message Posted: Dec 20, 2012 5:05:39 AM Ignore Ziggy1962 Report Abuse Old news.
jeff95519 Champion Author California Posts:2,592 Points:1,381,940 Joined:Sep 2008	Message Posted: Dec 20, 2012 5:02:07 AM Ignore jeff95519 Report Abuse good deal
gabbygusIN Champion Author Indiana Posts:7,376 Points:1,587,575 Joined:Oct 2008	Message Posted: Dec 20, 2012 4:59:40 AM Ignore gabbygusIN Report Abuse Waiting for the Christmas price spike to set in....
Bonanza Champion Author Boston Posts:12,254 Points:2,578,705 Joined:Jun 2004	Message Posted: Dec 20, 2012 4:59:24 AM Ignore Bonanza Report Abuse Yesterday's news
jetlagAK Champion Author Anchorage Posts:2,256 Points:644,575 Joined:Jan 2010	Message Posted: Dec 20, 2012 4:55:20 AM Ignore jetlagAK Report Abuse Barackanomics: price goes up
hybridaholic Champion Author Appleton Posts:8,505 Points:1,584,265 Joined:Dec 2008	Message Posted: Dec 20, 2012 4:53:38 AM Ignore hybridaholic Report Abuse Just because their making a lot of gas doesn't mean the price is going down.
no_monkey2002 Champion Author Tallahassee Posts:8,528 Points:2,093,135 Joined:Mar 2006	Message Posted: Dec 20, 2012 4:53:04 AM Ignore no_monkey2002 Report Abuse so our prices at the pump should be $2.50 max
getalong All-Star Author California Posts:891 Points:163,720 Joined:Aug 2007	Message Posted: Dec 20, 2012 4:52:54 AM Ignore getalong Report Abuse the numbers are just to big for me to comprehend.
TravelinMan52 Champion Author Augusta Posts:2,065 Points:991,345 Joined:May 2008	Message Posted: Dec 20, 2012 4:52:40 AM Ignore TravelinMan52 Report Abuse Will all of this make the pump prices fall any faster??
lpatti1 Champion Author Philadelphia Posts:10,326 Points:1,989,415 Joined:Sep 2005	Message Posted: Dec 20, 2012 4:49:56 AM Ignore lpatti1 Report Abuse Great news, when does it affect the prices to come down? Not soon enough!
TIGERPAW46 Champion Author Florida Posts:7,241 Points:1,379,620 Joined:Mar 2004	Message Posted: Dec 20, 2012 4:49:50 AM Ignore TIGERPAW46 Report Abuse Crude usually decreases when Refinery output increases. Just converting more & faster for a time. It all comes out in the wash. later the crude will catch up or the refineries will decrease allowing crude inv. to increase. Unless one or the other pulls a slow down or maint etc.
bassakwards007 Champion Author Orange County Posts:1,271 Points:271,900 Joined:Aug 2012	Message Posted: Dec 20, 2012 4:48:13 AM Ignore bassakwards007 Report Abuse good
janda8611 Sophomore Author Michigan Posts:220 Points:153,000 Joined:Aug 2012	Message Posted: Dec 20, 2012 4:46:41 AM Ignore janda8611 Report Abuse I hope they keep dropping throughout the holidays.
ChuckSizzle Rookie Author Michigan Posts:1 Points:4,770 Joined:Dec 2005	Message Posted: Dec 20, 2012 4:44:20 AM Ignore ChuckSizzle Report Abuse Whatever the reason it's nice to see prices dipping below $3 here in west Michigan, for a while.
TommyTraveler Champion Author Cincinnati Posts:8,819 Points:1,726,005 Joined:Nov 2007	Message Posted: Dec 20, 2012 4:40:35 AM Ignore TommyTraveler Report Abuse The economy says its still very bad with these figures but the Whitehouse cooks the books and lies to us that things are just fine.
tomok Champion Author Portland Posts:33,598 Points:2,373,210 Joined:Aug 2006	Message Posted: Dec 20, 2012 4:38:48 AM Ignore tomok Report Abuse Gasoline inventories rise again, refinery utilization jumps and may it lower fuel prics at the pump. Crude oil inventories decreased, Gasoline inventories increased, Distillate inventories decreased, Refinery utilization incrreased 1.1% from last week numbers, Total US oil stocks are up 5.7% over last year. Crude oil inventories have decreased, Gasoline inventories increased, US oil stocks increased but there are still high fuel prices at the pump but prices are slowly improving to more reasonable prices. The fuel prices at the pump should be lower to help the economy recover more! More Refineries are Not the answer, Stop exporting that fuel is! Big Oil and Big Gas continues to sell fuel and natural gas on the world market for higher prices. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! People will still drive and buy fuel no matter what but it sure helps to have a job too! 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 greedy benefit. The price at the pump needs to go down to $2/gallon - $3, $3.50/gallon or *$4.00 is Not the new low! Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
joko0 Champion Author New Jersey Posts:2,106 Points:592,340 Joined:Oct 2008	Message Posted: Dec 20, 2012 4:37:03 AM Ignore joko0 Report Abuse I agree ticoman54
Ticoman54 Champion Author Miami Posts:7,156 Points:1,517,620 Joined:Oct 2008	Message Posted: Dec 20, 2012 4:33:45 AM Ignore Ticoman54 Report Abuse Prices are too high to have these huge inventory levels. The GREED continues...
fratt Champion Author Grand Rapids Posts:9,965 Points:2,672,630 Joined:Jul 2005	Message Posted: Dec 20, 2012 4:33:38 AM Ignore fratt Report Abuse Good news.
twobroke61 Champion Author Michigan Posts:8,520 Points:1,616,660 Joined:Sep 2008	Message Posted: Dec 20, 2012 4:32:58 AM Ignore twobroke61 Report Abuse good news
RockCity Champion Author Denver Posts:8,055 Points:1,454,810 Joined:Mar 2009	Message Posted: Dec 20, 2012 4:31:48 AM Ignore RockCity Report Abuse Very good news I presume, perhaps.
bby Champion Author Twin Cities Posts:5,864 Points:1,049,620 Joined:Nov 2009	Message Posted: Dec 20, 2012 4:30:11 AM Ignore bby Report Abuse good news
BigDogOH Champion Author Cincinnati Posts:8,643 Points:1,835,520 Joined:Mar 2008	Message Posted: Dec 20, 2012 4:27:03 AM Ignore BigDogOH Report Abuse Is gas going up again in time for Christmas?
SavingInNC Champion Author North Carolina Posts:5,929 Points:1,119,215 Joined:Oct 2006	Message Posted: Dec 20, 2012 4:23:01 AM Ignore SavingInNC Report Abuse A bunch of games they play
RichWLIN Champion Author Indiana Posts:4,250 Points:666,565 Joined:Jun 2011	Message Posted: Dec 20, 2012 4:15:35 AM Ignore RichWLIN Report Abuse Here we go again.
Runabout2 Veteran Author Grand Rapids Posts:429 Points:50,820 Joined:Jul 2007	Message Posted: Dec 20, 2012 4:10:43 AM Ignore Runabout2 Report Abuse If you remember prices did this last year then they created a so called shortage and "Bamm" went up over $.30 in one day !
tidalwave3 Champion Author Tallahassee Posts:1,368 Points:1,489,680 Joined:Jun 2008	Message Posted: Dec 20, 2012 4:05:13 AM Ignore tidalwave3 Report Abuse THE EAST GETTING BACK TO THEIR MEASLY 80% CAPACITY :/
Rick52 Champion Author Milwaukee Posts:12,183 Points:1,226,345 Joined:Mar 2005	Message Posted: Dec 20, 2012 4:04:49 AM Ignore Rick52 Report Abuse Good...Then prices should continue to Fall..
nomad228 Champion Author Columbus Posts:3,143 Points:580,215 Joined:Feb 2011	Message Posted: Dec 20, 2012 4:03:17 AM Ignore nomad228 Report Abuse that's because 43 percent of U.S. still can't afford 2.90 gas prices. and now their seeing it.(big oil is seeing it also).
Lairre Champion Author Sacramento Posts:3,224 Points:213,885 Joined:Oct 2012	Message Posted: Dec 20, 2012 4:01:49 AM Ignore Lairre Report Abuse This is nothing but the EIA juggling numbers.
CiVX Champion Author Oakland Posts:7,146 Points:1,384,135 Joined:Feb 2009	Message Posted: Dec 20, 2012 4:01:32 AM Ignore CiVX Report Abuse OK what are they plotting now?
DisMusBeDaPlaz Champion Author Tampa Posts:2,545 Points:594,895 Joined:Sep 2011	Message Posted: Dec 20, 2012 4:00:56 AM Ignore DisMusBeDaPlaz Report Abuse To some degree, there is reasonable stabilization.
iFueler Champion Author Durham Posts:65,033 Points:206,000 Joined:Nov 2012	Message Posted: Dec 20, 2012 3:57:23 AM Ignore iFueler Report Abuse and the affect on prices will be realized when
teamsimons Champion Author South Carolina Posts:2,576 Points:525,955 Joined:Aug 2011	Message Posted: Dec 20, 2012 3:56:44 AM Ignore teamsimons Report Abuse Another inventory has come, but it probably means nothing regarding gas prices.
FocusST2 Champion Author North Carolina Posts:8,283 Points:1,406,625 Joined:Jul 2009	Message Posted: Dec 20, 2012 3:53:28 AM Ignore FocusST2 Report Abuse Still waiting to see $3 a gallon or less here locally.
Pozole Champion Author Portland Posts:9,766 Points:1,622,220 Joined:Mar 2005	Message Posted: Dec 20, 2012 3:52:13 AM Ignore Pozole Report Abuse ...have these numbers ever made any difference ?...
1Boog Champion Author Lincoln Posts:6,111 Points:1,227,875 Joined:May 2004	Message Posted: Dec 20, 2012 3:50:03 AM Ignore 1Boog Report Abuse with numbers like these prices should be hitting rock bottom any day now.....oh I forgot....big oil still needs to have a good Christmas!
twt Champion Author Virginia Beach Posts:8,956 Points:1,022,960 Joined:Mar 2005	Message Posted: Dec 20, 2012 3:44:14 AM Ignore twt Report Abuse More "Government" numbers, to appease the sheeple.
madison8359 Champion Author Cleveland Posts:9,327 Points:1,620,995 Joined:Apr 2008	Message Posted: Dec 20, 2012 3:43:49 AM Ignore madison8359 Report Abuse And I care because?
VB_Richard Champion Author Virginia Beach Posts:1,798 Points:379,520 Joined:Dec 2011	Message Posted: Dec 20, 2012 3:41:11 AM Ignore VB_Richard Report Abuse OK
1fulltank Champion Author Buffalo Posts:8,041 Points:1,571,970 Joined:Nov 2008	Message Posted: Dec 20, 2012 3:40:48 AM Ignore 1fulltank Report Abuse More NUMB3RS.
lgwhitlock Champion Author Chico Posts:7,525 Points:1,713,195 Joined:Jun 2008	Message Posted: Dec 20, 2012 3:35:25 AM Ignore lgwhitlock Report Abuse Another week another government sponsored speculation report...
Quick68 Champion Author Columbus Posts:8,448 Points:1,253,500 Joined:Dec 2009	Message Posted: Dec 20, 2012 3:31:47 AM Ignore Quick68 Report Abuse Gasoline inventories mean nothing. It's what's at the pump that counts.