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EIA reports rise in both crude oil and gasoline inventories

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

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased to 380.1 from 377.4 million barrels in the previous week. At 380.1 million barrels, inventories are 26.1 million barrels above last year (7.4%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 4.1 million barrels to 210.0 million barrels. At 210 million barrels, inventories are down 3.4 million barrels, or 1.6% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.9mb); Midwest...

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Submitted Jul 25, 2012 By: PD

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rocket_ron Champion Author Grand Rapids Posts:6,301 Points:1,989,420 Joined:Jul 2006	Message Posted: Aug 21, 2012 11:36:17 AM Ignore rocket_ron Report Abuse K
Donatelo Champion Author Dayton Posts:1,129 Points:295,245 Joined:Apr 2011	Message Posted: Aug 20, 2012 10:51:57 AM Ignore Donatelo Report Abuse now lower prices should follow.
albert2008 Champion Author Winnipeg Posts:7,367 Points:1,483,935 Joined:Sep 2008	Message Posted: Aug 20, 2012 9:22:12 AM Ignore albert2008 Report Abuse thats good
pfone1847 Champion Author Illinois Posts:3,201 Points:626,505 Joined:Oct 2010	Message Posted: Aug 20, 2012 7:37:12 AM Ignore pfone1847 Report Abuse Hmm
Reishman Veteran Author Illinois Posts:384 Points:518,865 Joined:Sep 2006	Message Posted: Jul 31, 2012 12:45:02 PM Ignore Reishman Report Abuse I blame Obama!
albert2008 Champion Author Winnipeg Posts:7,367 Points:1,483,935 Joined:Sep 2008	Message Posted: Jul 31, 2012 9:19:29 AM Ignore albert2008 Report Abuse good stuff
ggg452 Champion Author Manitoba Posts:1,585 Points:334,750 Joined:May 2012	Message Posted: Jul 31, 2012 9:07:44 AM Ignore ggg452 Report Abuse Gas prices are therefore not connected to crude prices, inventories or even gas inventories... ok folks slow down and try to increase your efficency... oil companies might make a little less and then supply/demand economics might take hold.
OHMS Champion Author Orange County Posts:13,732 Points:1,694,805 Joined:May 2005	Message Posted: Jul 31, 2012 4:42:20 AM Ignore OHMS Report Abuse The Energy Information Administration released its weakly report
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Jul 30, 2012 5:39:35 AM Ignore honda0105 Report Abuse albert: greed. Plain ol' Pig Oil greed.
albert2008 Champion Author Winnipeg Posts:7,367 Points:1,483,935 Joined:Sep 2008	Message Posted: Jul 29, 2012 9:16:10 AM Ignore albert2008 Report Abuse so why have prices not fallen
albert2008 Champion Author Winnipeg Posts:7,367 Points:1,483,935 Joined:Sep 2008	Message Posted: Jul 29, 2012 9:16:10 AM Ignore albert2008 Report Abuse so why have prices not fallen
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Jul 29, 2012 7:41:15 AM Ignore honda0105 Report Abuse yawn. Nothing to do w/ prices as the Pig Oil cartell sets prices as it pleases.
gravityhurts Champion Author North Carolina Posts:4,103 Points:940,205 Joined:Sep 2008	Message Posted: Jul 27, 2012 9:15:20 AM Ignore gravityhurts Report Abuse repeat
wshutton Champion Author Los Angeles Posts:1,682 Points:927,120 Joined:Mar 2009	Message Posted: Jul 26, 2012 5:34:32 PM Ignore wshutton Report Abuse More supply should equal lower prices.
SUV2009 Champion Author Orlando Posts:4,423 Points:1,145,165 Joined:Oct 2009	Message Posted: Jul 26, 2012 4:05:47 PM Ignore SUV2009 Report Abuse So why do we still see high pump prices?
txrojo2005 All-Star Author Austin Posts:770 Points:482,135 Joined:May 2011	Message Posted: Jul 26, 2012 12:30:55 PM Ignore txrojo2005 Report Abuse Yep. No growth yet.
mswillia Champion Author Milwaukee Posts:2,647 Points:574,305 Joined:Feb 2010	Message Posted: Jul 26, 2012 12:19:35 PM Ignore mswillia Report Abuse so prices should come down, but someone in the refinery farted so it will go up but the wind is from the west so it will come down, but the day name ended with 'y' so it will go up.....
QualTekGuy Champion Author Illinois Posts:3,073 Points:736,490 Joined:Feb 2007	Message Posted: Jul 26, 2012 11:10:39 AM Ignore QualTekGuy Report Abuse Inventories are up, so prices at the pump should go down, unless the station owners find that they don't have to. In other words, unless people stop going to the closest station regardless of price.
BihnX Rookie Author Ontario Posts:24 Points:38,635 Joined:May 2012	Message Posted: Jul 26, 2012 10:58:03 AM Ignore BihnX Report Abuse I am sure somehow they can turn that into an excuse for raising prices...
bell05 Champion Author Atlanta Posts:9,265 Points:1,878,560 Joined:Jun 2005	Message Posted: Jul 26, 2012 9:58:07 AM Ignore bell05 Report Abuse Yesterday news.
Blismo Champion Author Arizona Posts:2,154 Points:407,160 Joined:Feb 2012	Message Posted: Jul 26, 2012 9:20:31 AM Ignore Blismo Report Abuse ok
SavALot Champion Author Virginia Beach Posts:8,484 Points:1,714,535 Joined:Apr 2005	Message Posted: Jul 26, 2012 9:18:14 AM Ignore SavALot Report Abuse The repositories stay consistent
treehood Champion Author San Diego Posts:2,059 Points:398,935 Joined:May 2011	Message Posted: Jul 26, 2012 9:05:40 AM Ignore treehood Report Abuse To those responders referring to "why are prices rising", it's a good question. Perhaps they should take a look at some events happening as sometimes reported on the MSM but more often only hinted at in the stories. Food production worldwide is down, pestilence may become a noticeable concern in the near future, conflict is increasingly possible in several theaters (not the movies, but specific areas of the world) I believe we are up to QE3 which probably won't work but will certainly bring its share of misery and instability. And more if you want to look and listen. I believe we are being told something but some just don't want to listen and prepare. On the other hand, there is much good that could occur. Science and manufacturing progress continues and may save us or even a good sized plague could wipe out most of us throughout the world, redistributing wealth and power. If you look at what the consequences of the Black Plague were, you can find a tremendous benefit to western Europe. And I didn't even mention how beneficial a large asteroid strike was to us about 65 million years ago. So keep a good thought.
boatmen Champion Author New York Posts:3,095 Points:625,505 Joined:Jan 2011	Message Posted: Jul 26, 2012 9:03:32 AM Ignore boatmen Report Abuse as INVENTORIES go up so do prices Greedy Biches
dlemma Champion Author Wyoming Posts:4,121 Points:1,557,945 Joined:Feb 2008	Message Posted: Jul 26, 2012 9:02:25 AM Ignore dlemma Report Abuse means nothing because it comes from Obama administration.
daquanabe Champion Author Houston Posts:1,828 Points:375,850 Joined:Oct 2009	Message Posted: Jul 26, 2012 9:01:19 AM Ignore daquanabe Report Abuse Yeah, and...
SUSANCK Champion Author Chicago Posts:3,652 Points:710,405 Joined:Apr 2011	Message Posted: Jul 26, 2012 8:59:54 AM Ignore SUSANCK Report Abuse So what, means nothing.
RaginCajun68 All-Star Author Fort Worth Posts:860 Points:210,610 Joined:Sep 2005	Message Posted: Jul 26, 2012 8:59:29 AM Ignore RaginCajun68 Report Abuse And prices are on the rise?
RamboOn66 Champion Author Tampa Posts:5,326 Points:1,887,730 Joined:Jan 2006	Message Posted: Jul 26, 2012 8:59:25 AM Ignore RamboOn66 Report Abuse So how do pump prices increase?
harleyhusker Veteran Author South Dakota Posts:411 Points:708,770 Joined:Dec 2005	Message Posted: Jul 26, 2012 8:56:52 AM Ignore harleyhusker Report Abuse Price will...?
TXGasPriceSpy Champion Author Fort Worth Posts:7,825 Points:1,475,200 Joined:Sep 2008	Message Posted: Jul 26, 2012 8:56:44 AM Ignore TXGasPriceSpy Report Abuse The EIA is just another joke and waste of money.
sit Champion Author Cleveland Posts:5,215 Points:1,935,045 Joined:Feb 2006	Message Posted: Jul 26, 2012 8:56:35 AM Ignore sit Report Abuse OK
blah2blah3 Champion Author Houston Posts:2,621 Points:603,895 Joined:May 2011	Message Posted: Jul 26, 2012 8:54:27 AM Ignore blah2blah3 Report Abuse ok
bigsranch Champion Author Houston Posts:3,156 Points:1,008,180 Joined:Apr 2007	Message Posted: Jul 26, 2012 8:54:07 AM Ignore bigsranch Report Abuse Signs of a bad economy
DaisysMomNC All-Star Author North Carolina Posts:959 Points:200,850 Joined:Jan 2012	Message Posted: Jul 26, 2012 8:53:57 AM Ignore DaisysMomNC Report Abuse old news
porotito Champion Author Houston Posts:2,160 Points:581,635 Joined:Dec 2010	Message Posted: Jul 26, 2012 8:53:47 AM Ignore porotito Report Abuse Zzzzzz
buzzieNY Champion Author Buffalo Posts:2,908 Points:638,480 Joined:Jun 2011	Message Posted: Jul 26, 2012 8:53:37 AM Ignore buzzieNY Report Abuse I wonder how many tax eating people work there..
Dale Jr. Champion Author Illinois Posts:16,239 Points:3,239,000 Joined:May 2004	Message Posted: Jul 26, 2012 8:53:26 AM Ignore Dale Jr. Report Abuse Yada Yada
tomok Champion Author Portland Posts:33,085 Points:2,348,435 Joined:Aug 2006	Message Posted: Jul 26, 2012 8:52:59 AM Ignore tomok Report Abuse Crude oil inventories increased, Gasoline inventories increased, Distillate inventories increased, total Refinery utilization increased 1%, Total US oil stocks are up 2.5%. Pump prices have been rising, refinery utilization in the 90% plus, except the East Coast @ 86.7% and West Coast @ 88%. Gasoline and Crude Oil inventories increased - that is a Good thing, higher prices at the pump is a Bad thing! Big Oil continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Barry will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction and receive the huge federal tax income from oil. Barry's economy is not improving but continues to hurt the population and the job numbers continues to be down – no matter how smooth talking Barry spins those numbers and he can spin them! 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 benefit. How much will gas prices go up and they will rise, the trend is always up with fuel prices. The price at the pump needs to go down to $2/gallon, $3 to $3.50/gallon is Not the new low! Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost. The price of fuel at the pump is too high! 12/22/2012!
WhiteTreeIndian Champion Author New Jersey Posts:5,669 Points:1,125,035 Joined:Dec 2009	Message Posted: Jul 26, 2012 8:52:38 AM Ignore WhiteTreeIndian Report Abuse Excuses like that always work the other way too.
SSchmidty Champion Author Illinois Posts:9,363 Points:1,780,130 Joined:Mar 2008	Message Posted: Jul 26, 2012 8:52:32 AM Ignore SSchmidty Report Abuse Of course, it makes perfect sense that as the supplies available INCREASE the prices at the gas pump should go up as well. We're the "small dog" being led by the smelly end of the greedy pig-oil industry!
my2002m Champion Author Tulsa Posts:6,088 Points:1,673,205 Joined:Jul 2008	Message Posted: Jul 26, 2012 8:52:23 AM Ignore my2002m Report Abuse But it won't make prices decline.
dynamouse Champion Author Michigan Posts:4,527 Points:1,753,750 Joined:Dec 2006	Message Posted: Jul 26, 2012 8:52:20 AM Ignore dynamouse Report Abuse Remember obama wants gas at $5-6 a gal,he stopped the pipe line ,he held up drilling permits,wastd tax payer money on green technology ,all of the vacations hes been on this CLOWN has to go
WhiteTreeIndian Champion Author New Jersey Posts:5,669 Points:1,125,035 Joined:Dec 2009	Message Posted: Jul 26, 2012 8:52:13 AM Ignore WhiteTreeIndian Report Abuse We would hope that would lower prices.
teatiger Champion Author Dallas Posts:2,695 Points:1,479,790 Joined:Nov 2008	Message Posted: Jul 26, 2012 8:52:04 AM Ignore teatiger Report Abuse ok
dopster Champion Author Toledo Posts:7,293 Points:2,295,175 Joined:Aug 2004	Message Posted: Jul 26, 2012 8:51:55 AM Ignore dopster Report Abuse How about refining capacity?
PettyEddie2012 Champion Author New York City Posts:1,754 Points:351,315 Joined:May 2012	Message Posted: Jul 26, 2012 8:51:39 AM Ignore PettyEddie2012 Report Abuse PettyEddie reports rise in both soda and juice inventories inside his refrigerator.
ratboy1968 Champion Author Montreal Posts:2,627 Points:551,725 Joined:Oct 2011	Message Posted: Jul 26, 2012 8:51:34 AM Ignore ratboy1968 Report Abuse ok
TheSicilian Champion Author Jacksonville Posts:5,394 Points:1,472,675 Joined:Feb 2009	Message Posted: Jul 26, 2012 8:50:27 AM Ignore TheSicilian Report Abuse dosen't make a difference in price of gas
h2ojumper Champion Author Austin Posts:2,570 Points:710,335 Joined:Feb 2011	Message Posted: Jul 26, 2012 8:50:09 AM Ignore h2ojumper Report Abuse Ok