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EIA: Big drop in gasoline inventories as refiners purge winter spec gasoline

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 by 2.8 million barrels to a total of 365.2 million barrels. At 365.2 million barrels, inventories are 5.9 million barrels above last year (1.6%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 4.3 million barrels to 217.6 million barrels. At 217.6 million barrels, inventories are up 8.0 million barrels, or 3.8% more than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-2.0mb); Midwest...


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Submitted Apr 11, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: EIA: Big drop in gasoline inventories as refiners purge winter spec gasoline Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Apr 17, 2012 5:54:45 AM

clean: why should the US gov. be serious about the SPR fluctuations? After all, it is not like there are massive amounts leaving the SPR - there still is more than enough.
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cleangasprices
Veteran Author Vancouver

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Message Posted: Apr 16, 2012 7:47:29 PM

Very annoyed that government never really serious about it
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cleangasprices
Veteran Author Vancouver

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Message Posted: Apr 16, 2012 7:46:07 PM

Just see talks, have they ever come into action, never!
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gawxnative
All-Star Author Atlanta

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Message Posted: Apr 16, 2012 3:32:27 PM

But still up over last year
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albert2008
Champion Author Winnipeg

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Message Posted: Apr 16, 2012 8:42:35 AM

same thing every year
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Hoporrene
Veteran Author Mississippi

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Message Posted: Apr 16, 2012 7:54:08 AM

...wow
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honda0105
Champion Author Tallahassee

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Message Posted: Apr 16, 2012 5:50:09 AM

dave: not when I lived there nor according to friends who still live there.
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dave27johnson
Champion Author Chicago

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Message Posted: Apr 15, 2012 12:42:09 PM

Europe also uses summer gas.
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albert2008
Champion Author Winnipeg

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Message Posted: Apr 15, 2012 9:19:27 AM

same old every year
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honda0105
Champion Author Tallahassee

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Message Posted: Apr 15, 2012 7:45:12 AM

one way to keep / drive prices up each year.
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Reishman
Veteran Author Illinois

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Message Posted: Apr 14, 2012 8:56:30 PM

Hot dog relish cost man a hobo.
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albert2008
Champion Author Winnipeg

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Message Posted: Apr 14, 2012 8:59:37 AM

not good
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honda0105
Champion Author Tallahassee

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Message Posted: Apr 14, 2012 8:41:01 AM

that whole story about winter/summer fuel is a big bunch of baloney. Doesn't happen but in the US and (not certain w/out researching) possibly in Canada. Haven't seen it anywhere else. IMNSHO it's a way for Pig Oil to make more money... you know, drive the summer prices up by Memorial Day (which is a holiday not celebrated elsewhere around the globe, so there's not fixed date why prices should go up).
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dale243
Champion Author Dallas

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Message Posted: Apr 12, 2012 3:54:00 PM

Make you wonder what those people are thinking.
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bluebird1
Champion Author Toronto

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Message Posted: Apr 12, 2012 2:47:31 PM

Always an excuse for higher prices.
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portlandcat
Champion Author Tennessee

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Message Posted: Apr 12, 2012 2:15:40 PM

really??
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divebomber
Champion Author Nebraska

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Message Posted: Apr 12, 2012 1:12:02 PM

YESTERDAYS NEWS PD IS SLEEPING AT THE WHEEL!
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kd5kpd
Champion Author Texas

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Message Posted: Apr 12, 2012 1:11:28 PM

Decrease is deliberate by oil companys to drive up prices.
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CPGas1815
Champion Author Michigan

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Message Posted: Apr 12, 2012 1:09:10 PM

Yesterday's News.
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savvygasgirl
Rookie Author Michigan

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Message Posted: Apr 12, 2012 1:08:17 PM

Increase/decrease...it all averages out to consumers making up for it at the pumps.
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shari128
All-Star Author Iowa

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Message Posted: Apr 12, 2012 1:04:12 PM

Yeah, prices still going up in Iowa also.
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BeulahME
Champion Author Maine

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Message Posted: Apr 12, 2012 1:01:25 PM

Prices still going up here in central Maine.
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NavyEOD
Champion Author Los Angeles

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Message Posted: Apr 12, 2012 1:01:23 PM

There is plenty of gas...
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gumbyrex
Champion Author Fresno

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Message Posted: Apr 12, 2012 12:58:29 PM

We're seeing decreased pump prices in our area for the past 10 days, but I don't expect the trend to continue.
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Asbury09
Champion Author Iowa

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Message Posted: Apr 12, 2012 12:58:08 PM

if you can believe EIA
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1Casey
Champion Author Albany

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Message Posted: Apr 12, 2012 12:57:15 PM

Poor excuse, for poor planning.
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Bigtex09
Champion Author Dallas

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Message Posted: Apr 12, 2012 12:54:21 PM

so what anymore
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FBI2991
Champion Author Michigan

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Message Posted: Apr 12, 2012 12:53:21 PM

Every year!!!
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idigau22
Champion Author Washington

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Message Posted: Apr 12, 2012 12:51:54 PM

Okie Dokie!!
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wang91554
Champion Author San Jose

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Message Posted: Apr 12, 2012 12:49:11 PM

don't they do this every year?
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FrankTA2
Champion Author New York

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Message Posted: Apr 12, 2012 12:47:53 PM

Anything to raise gasoline prices.
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ModelWarships
Champion Author Missouri

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Message Posted: Apr 12, 2012 12:47:35 PM

I wonder how gas mileage compares with summer vs winter blends?
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menagerie1013
Champion Author San Diego

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Message Posted: Apr 12, 2012 12:46:17 PM

Get rid of the speculators.
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AnObserver
Champion Author New Jersey

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Message Posted: Apr 12, 2012 12:45:38 PM

Seems like normal adjustments in supply
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IsabellaMD
Rookie Author Maryland

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Message Posted: Apr 12, 2012 12:44:28 PM

I think I read this before.
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deaconjones
Champion Author Cleveland

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Message Posted: Apr 12, 2012 12:43:46 PM

YOU ARE REPEATING STORIES AGAIN...WE COMMENTED ON THIS THE OTHER DAY...
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slvrdo_dsprdo
Champion Author Nashville

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Message Posted: Apr 12, 2012 12:43:24 PM

Can't we update the news stories on a daily basis? Anyway, this may be the most predictable event in history. Can't they stockpile a bit so there's no supply crunch while they're switching over?
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IsabellaMD
Rookie Author Maryland

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Message Posted: Apr 12, 2012 12:42:49 PM

Very interesting.
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radiorumor
Champion Author Texas

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Message Posted: Apr 12, 2012 12:41:53 PM

Between less gasoline inventories and Goldman Slacks and we have a vacuum hose stuck in our back pocket
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sramroop
Champion Author Birmingham

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Message Posted: Apr 12, 2012 12:40:16 PM

Where is the drop....not where I live....:(
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Murphy1
Champion Author Twin Cities

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Message Posted: Apr 12, 2012 12:38:51 PM

Speculation???
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JR57CA
All-Star Author Los Angeles

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Message Posted: Apr 12, 2012 12:37:42 PM

yesterday's news
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ciimike
Champion Author Nevada

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Message Posted: Apr 12, 2012 12:37:32 PM

But of course. Another way to keep gasoline prices up since the refineries are being closed down for "maintenance".
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BWALL2700
Champion Author Illinois

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Message Posted: Apr 12, 2012 12:37:06 PM

Prices have been dropping but still to high.
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joezIN
Champion Author Gary

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Message Posted: Apr 12, 2012 12:36:11 PM

YA
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ultm8opie
Champion Author Twin Cities

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Message Posted: Apr 12, 2012 12:35:31 PM

repeat
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kuma2000
Champion Author Honolulu

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Message Posted: Apr 12, 2012 12:32:19 PM

inventories - but, what about prices.
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lenasdude
All-Star Author Alaska

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Message Posted: Apr 12, 2012 12:31:51 PM

Create a shortage and jack the price.
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BudsterMO
Champion Author Kansas City

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Message Posted: Apr 12, 2012 12:31:47 PM

More grist for the speculator mill. Stop Oil Speculation (SOS) NOW!
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letterchunker
Champion Author Texas

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Message Posted: Apr 12, 2012 12:30:33 PM

Conserve, but don't just conserve, vote the idiots out of office in Washington
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IMLURCH
Champion Author Minnesota

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Message Posted: Apr 12, 2012 12:30:32 PM

Old story
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