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Why the Energy Information Administration weekly report matters

GasBuddy Blog -- If you've failed to realize, it's Wednesday, the day of the week that the Energy Information Administration (EIA), a wing of the Department of Energy, typically releases a weekly petroleum status report. Well, as there was a legal holiday Monday, the release of the weekly report is pushed back a day. So instead of highlighting the report today, I'll take a moment to explain why the report is likely one of the biggest factors into gasoline prices.

The report highlights changes in supply, demand, and basically everything in between. It gives a glimpse into the refining sector, how much of their capacity they've been using, how much oil is being imported into the U.S., as well as how much oil is stockpiled in the Strategic Petroleum...

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Submitted Jan 23, 2013 By: PD

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Methodist All-Star Author Indiana Posts:584 Points:151,315 Joined:Mar 2008	Message Posted: Mar 5, 2013 3:41:38 PM Ignore Methodist Report Abuse ok
99dakota Champion Author Providence Posts:8,102 Points:2,171,050 Joined:Oct 2006	Message Posted: Jan 27, 2013 6:20:06 AM Ignore 99dakota Report Abuse We have an energy administration office, but have no national energy plan. What's wrong with this picture?
honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Jan 26, 2013 5:54:15 AM Ignore honda0105 Report Abuse ericb: you're right.
coyotegirl1 Rookie Author Illinois Posts:43 Points:105,325 Joined:Dec 2012	Message Posted: Jan 25, 2013 1:33:23 AM Ignore coyotegirl1 Report Abuse This is very informative and I'm sure there's much more to learn from all of these reports from the EIA.
Gas4Gore Champion Author Detroit Posts:2,406 Points:420,950 Joined:Jan 2010	Message Posted: Jan 24, 2013 9:31:45 PM Ignore Gas4Gore Report Abuse The EIA must flabbergasted.
CapriceWagon All-Star Author Washington Posts:929 Points:476,720 Joined:Feb 2008	Message Posted: Jan 24, 2013 11:43:56 AM Ignore CapriceWagon Report Abuse The gubment still makes more on a barrel of oil than the oil companies do, yet there's talk of raising gas taxes? If they can't be trusted with the money they're stealing from us now, how can we trust them with more of our money?
RUNNINONEMPTYFL Champion Author Florida Posts:1,408 Points:460,700 Joined:May 2011	Message Posted: Jan 24, 2013 9:42:17 AM Ignore RUNNINONEMPTYFL Report Abuse Here we go again...
chuckohio Champion Author Columbus Posts:1,248 Points:250,405 Joined:Aug 2012	Message Posted: Jan 24, 2013 6:51:50 AM Ignore chuckohio Report Abuse Keep demanding and buying alternatives and prices will come down.
us412 Champion Author Arkansas Posts:22,801 Points:2,414,305 Joined:Apr 2006	Message Posted: Jan 24, 2013 6:28:51 AM Ignore us412 Report Abuse "If Americans would drive more fuel efficient cars en masse, we could theoretically notice lower demand, and thus prices could fall-" but then the refiners to maintain profit margins would close plants to restrict supply so as to match the newer demand levels and prices, so we would not see lower pump prices.
WonderfulMI Champion Author Michigan Posts:11,636 Points:1,784,960 Joined:Jun 2008	Message Posted: Jan 24, 2013 6:22:25 AM Ignore WonderfulMI Report Abuse Republican prefer to live in ignorance and fear.
singlemom27 Champion Author Ventura Posts:3,103 Points:638,235 Joined:Apr 2011	Message Posted: Jan 24, 2013 6:05:06 AM Ignore singlemom27 Report Abuse but it doesn't...
Settjec Champion Author Little Rock Posts:1,969 Points:685,795 Joined:May 2010	Message Posted: Jan 24, 2013 6:04:41 AM Ignore Settjec Report Abuse more money going out the window for more idiots
Ferdman17 Champion Author Albany Posts:1,278 Points:372,585 Joined:Feb 2012	Message Posted: Jan 24, 2013 6:01:40 AM Ignore Ferdman17 Report Abuse It matters so the speculators can drive the prices up or down
alphanyr Champion Author Connecticut Posts:4,810 Points:673,800 Joined:Apr 2011	Message Posted: Jan 24, 2013 6:01:36 AM Ignore alphanyr Report Abuse Did know thanks
anayguy Sophomore Author Akron Posts:243 Points:1,355,890 Joined:Sep 2008	Message Posted: Jan 24, 2013 6:00:58 AM Ignore anayguy Report Abuse I never paid attention unless it was here
katmandue Champion Author Detroit Posts:8,061 Points:2,132,170 Joined:Jul 2006	Message Posted: Jan 24, 2013 6:00:30 AM Ignore katmandue Report Abuse out today
bassakwards007 Champion Author Orange County Posts:1,122 Points:242,270 Joined:Aug 2012	Message Posted: Jan 24, 2013 5:59:49 AM Ignore bassakwards007 Report Abuse Ok then
Alderaan Veteran Author Greenville Posts:487 Points:234,720 Joined:Feb 2012	Message Posted: Jan 24, 2013 5:58:56 AM Ignore Alderaan Report Abuse okay
Pointtx Champion Author Austin Posts:3,226 Points:722,380 Joined:Mar 2011	Message Posted: Jan 24, 2013 5:56:50 AM Ignore Pointtx Report Abuse Likely? Let's see a chart comparing stockpiles with gas prices. You'll see movement in one where there is none in the other. It has nothing to do with supply and demand, it's about the speculators in a commodity market. If THEY care, then it has an impact.
raccoon2011 Champion Author Massachusetts Posts:1,384 Points:350,075 Joined:Aug 2011	Message Posted: Jan 24, 2013 5:56:45 AM Ignore raccoon2011 Report Abuse ok
Petrock Champion Author Lexington Posts:9,113 Points:2,555,810 Joined:Apr 2005	Message Posted: Jan 24, 2013 5:54:19 AM Ignore Petrock Report Abuse This is about the only transparency there will be in the refining business.
NO_SWEAT Champion Author Toronto Posts:4,330 Points:1,076,390 Joined:Jul 2008	Message Posted: Jan 24, 2013 5:53:50 AM Ignore NO_SWEAT Report Abuse Ok
2parrots Champion Author Massachusetts Posts:1,541 Points:343,390 Joined:May 2012	Message Posted: Jan 24, 2013 5:53:41 AM Ignore 2parrots Report Abuse It`s very easy to blame Obama .Just listen to his statements .Either he told the truth when he said he was in favor of European like prices for gas & utilities or he lied. Did he try to mislead us then or now ?? .You can`t have your cake & eat it .
scottydoesnt Champion Author Chicago Posts:3,772 Points:528,270 Joined:Apr 2011	Message Posted: Jan 24, 2013 5:52:47 AM Ignore scottydoesnt Report Abuse I wish there were long term plans. No one seems to know where we are heading in the next few years.
Rednix Champion Author Miami Posts:6,148 Points:1,273,785 Joined:Jul 2009	Message Posted: Jan 24, 2013 5:51:58 AM Ignore Rednix Report Abuse It tells of supply and demand.
afghaned Champion Author Hamilton Posts:11,803 Points:1,283,435 Joined:May 2004	Message Posted: Jan 24, 2013 5:51:44 AM Ignore afghaned Report Abuse Speculators love these reports.
LeeFree Champion Author Pittsburgh Posts:9,141 Points:2,241,500 Joined:Jun 2005	Message Posted: Jan 24, 2013 5:50:46 AM Ignore LeeFree Report Abuse It matters more for the speculators who use decreasing supply as a reason to jack up prices even though there is still plenty of supply to go around.
jeff95519 Champion Author California Posts:2,442 Points:1,352,290 Joined:Sep 2008	Message Posted: Jan 24, 2013 5:50:24 AM Ignore jeff95519 Report Abuse will then what
kirzon484 Champion Author Atlanta Posts:1,856 Points:431,335 Joined:Jun 2011	Message Posted: Jan 24, 2013 5:50:18 AM Ignore kirzon484 Report Abuse the weeks go so fast these days i hardly notice it has been a week in between
Jamer Champion Author Las Vegas Posts:8,749 Points:1,634,310 Joined:Jul 2002	Message Posted: Jan 24, 2013 5:50:12 AM Ignore Jamer Report Abuse I'm still against the EPA and it's radical policies.
CarefulDriver All-Star Author Ann Arbor Posts:569 Points:232,325 Joined:Aug 2012	Message Posted: Jan 24, 2013 5:49:40 AM Ignore CarefulDriver Report Abuse It absolutely matters.
ncclyde Champion Author Charlotte Posts:15,218 Points:2,401,465 Joined:Dec 2005	Message Posted: Jan 24, 2013 5:48:43 AM Ignore ncclyde Report Abuse just another wast of tax dollars. send them all home!
ILVET Champion Author Illinois Posts:14,784 Points:2,922,915 Joined:Jan 2005	Message Posted: Jan 24, 2013 5:48:41 AM Ignore ILVET Report Abuse And how much of this report is true?
Lengas Champion Author Gary Posts:13,540 Points:2,715,825 Joined:Nov 2004	Message Posted: Jan 24, 2013 5:48:29 AM Ignore Lengas Report Abuse Still Big Oil Manipilation.
KrsnaDragon Champion Author Montreal Posts:2,397 Points:529,350 Joined:Nov 2011	Message Posted: Jan 24, 2013 5:45:52 AM Ignore KrsnaDragon Report Abuse Speculation breeds despair.
jacob5066 Champion Author College Station Posts:1,833 Points:428,640 Joined:Feb 2012	Message Posted: Jan 24, 2013 5:42:41 AM Ignore jacob5066 Report Abuse Interesting
mystic92 Champion Author New Jersey Posts:1,170 Points:315,220 Joined:May 2012	Message Posted: Jan 24, 2013 5:42:14 AM Ignore mystic92 Report Abuse it really does not matter to me. Just the bottom line
neptune2008 Champion Author Michigan Posts:8,563 Points:1,667,775 Joined:Aug 2008	Message Posted: Jan 24, 2013 5:38:54 AM Ignore neptune2008 Report Abuse what??? haha
SHEP20715 Champion Author Maryland Posts:8,456 Points:1,712,895 Joined:Nov 2007	Message Posted: Jan 24, 2013 5:38:09 AM Ignore SHEP20715 Report Abuse This is a very good explanation of the importance of the EIA. Unfortunately most people wont read it and a large percentage of those who do will not believe it. Most of them will still blame President Obama and or his administration. Then again there is no accounting for the lack of intelligence of some people.
vamike Champion Author Virginia Posts:5,311 Points:1,363,000 Joined:Dec 2008	Message Posted: Jan 24, 2013 5:37:24 AM Ignore vamike Report Abuse Coming tomorrow: "Why Speculation Matters."
warlord1 Champion Author Georgia Posts:5,240 Points:1,033,025 Joined:May 2010	Message Posted: Jan 24, 2013 5:37:04 AM Ignore warlord1 Report Abuse ok
gabisgram Champion Author Michigan Posts:2,186 Points:910,300 Joined:Sep 2006	Message Posted: Jan 24, 2013 5:32:25 AM Ignore gabisgram Report Abuse Figures don't lie, but liars figure.
D4444J Champion Author Albuquerque Posts:1,828 Points:586,930 Joined:Aug 2011	Message Posted: Jan 24, 2013 5:32:14 AM Ignore D4444J Report Abuse It is just another government report that's a waste of time. Supply & Demand module has no meaning in gas pricing.
metrojeep Champion Author Fort Worth Posts:2,241 Points:432,920 Joined:Feb 2012	Message Posted: Jan 24, 2013 5:31:46 AM Ignore metrojeep Report Abuse More numbers
SavingInNC Champion Author North Carolina Posts:5,778 Points:1,091,515 Joined:Oct 2006	Message Posted: Jan 24, 2013 5:31:22 AM Ignore SavingInNC Report Abuse Shut them down. They make up stuff just to look like they are necessary.
Tru2psu2 Champion Author Winston-Salem Posts:14,465 Points:1,553,680 Joined:Feb 2004	Message Posted: Jan 24, 2013 5:30:59 AM Ignore Tru2psu2 Report Abuse We need more refineries!
DrCashFlow Champion Author Massachusetts Posts:7,059 Points:1,625,275 Joined:Jun 2008	Message Posted: Jan 24, 2013 5:30:19 AM Ignore DrCashFlow Report Abuse refinery capacity is key
Foxt Champion Author Minnesota Posts:5,250 Points:2,018,380 Joined:Jul 2006	Message Posted: Jan 24, 2013 5:29:28 AM Ignore Foxt Report Abuse Why would anybody think it would really matter. Just another government agency sucking tax dollars with no justification.
billy44bo Champion Author Mobile Posts:7,198 Points:1,488,940 Joined:Feb 2008	Message Posted: Jan 24, 2013 5:28:05 AM Ignore billy44bo Report Abuse ssdd
Bus936 Champion Author Lexington Posts:16,434 Points:3,218,055 Joined:May 2004	Message Posted: Jan 24, 2013 5:27:59 AM Ignore Bus936 Report Abuse And I don't believe half of what they say and claim.