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EIA: Big drop in crude inventories, Midwest refineries operate at 99% of capacity

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 decreased by 5.4 million barrels to a total of 360.7 million barrels. At 360.7 million barrels, inventories are 9.0 million barrels above last year (2.6%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.0 million barrels to 202.7 million barrels. At 202.7 million barrels, inventories are down 8.7 million barrels, or 4.1% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.3mb); Midwest...

Read the Full Article

Submitted Aug 22, 2012 By: PD
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Author Topic: EIA: Big drop in crude inventories, Midwest refineries operate at 99% of capacity Post a Reply Back to Topics
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albert2008
Champion Author Winnipeg

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Message Posted: Aug 28, 2012 8:17:48 AM
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not nice
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 28, 2012 4:55:57 AM
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Caprice: dreams are ten a penny...
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CapriceWagon
All-Star Author Washington

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Message Posted: Aug 27, 2012 10:38:19 AM
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Dreams are like rainbows, only idiots chase them, and lower prices are a dream
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stonecold5005
All-Star Author Waco

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Message Posted: Aug 27, 2012 8:10:03 AM
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ssdw
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 27, 2012 4:55:25 AM
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the usual blah blah.. no influence on real world prices.
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pfone1847
Champion Author Illinois

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Message Posted: Aug 24, 2012 7:15:01 AM
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Mmmmhmm
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pgerassi
Champion Author Milwaukee

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SSDW
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gravityhurts
Champion Author North Carolina

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Message Posted: Aug 23, 2012 5:10:36 PM
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And up go the prices, one last gouge over the labor day weekend. I hate the gas station!
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n3tbc
Veteran Author Wilmington

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Message Posted: Aug 23, 2012 3:22:35 PM
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ok
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SUV2009
Champion Author Orlando

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Message Posted: Aug 23, 2012 1:59:01 PM
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So up the price again. They are not buy it these prices.
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sparky808
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Message Posted: Aug 23, 2012 12:21:37 PM
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old post.
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rbrowdersr
Champion Author Detroit

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Message Posted: Aug 23, 2012 11:56:48 AM
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Not helping to lower gas prices.
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albert2008
Champion Author Winnipeg

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Message Posted: Aug 23, 2012 11:22:24 AM
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good stuff
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Gas_Buzzer
Champion Author South Carolina

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Message Posted: Aug 23, 2012 10:24:20 AM
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The Useless government teat feeders the EIA = Empty-heads Inept Agency
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OldMan322
Champion Author Illinois

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Message Posted: Aug 23, 2012 10:04:53 AM
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BIG OIL can make the numbers say anything they want
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otherdave
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No relief here!
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Wizrd03
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Message Posted: Aug 23, 2012 9:16:31 AM
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Prices are stil up and goong up in the midwest
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boldrph
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Message Posted: Aug 23, 2012 9:08:54 AM
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99%? i am the 99%!
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GrumpyCat
Champion Author Alabama

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Message Posted: Aug 23, 2012 9:08:44 AM
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I continue to say the environmentalists and obstructionists have stifled the construction of refineries in the misbegotten belief lack of refined oil would wean the world from oil.

It worked to halt nuclear power plant construction, but didn't wean us from electricity. All it did was force utilities to keep old less-safe designs on line rather than replace with modern safer cheaper to run designs. Same for refineries, we could build better, safer, more efficient, but can not due to the red tape.
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bbreff
Champion Author Atlanta

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Message Posted: Aug 23, 2012 9:06:01 AM
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OLD NEWS
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Jamer
Champion Author Las Vegas

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Message Posted: Aug 23, 2012 9:04:53 AM
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They are running up the price of fuel, and when they switch over to winter blends which are cheaper it will take six months to get pump prices where they were a month ago.
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sivart
Champion Author Arkansas

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Message Posted: Aug 23, 2012 9:04:37 AM
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Looks like 'big oil' want to keep the price at the pump up!!
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techque
Champion Author St. Louis

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Message Posted: Aug 23, 2012 9:04:31 AM
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and for this, they jack prices 17 cents/gallon overnight.
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dad2two
Champion Author Dallas

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Message Posted: Aug 23, 2012 9:03:32 AM
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I hope the speculators don't catch wind that the economy is improving...
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Don20
Champion Author Oklahoma City

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Message Posted: Aug 23, 2012 9:03:15 AM
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Pretty much normal operation, for any business that has inventories. The inventory will fluctuate up and down all the time....
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goalie1950
Champion Author Phoenix

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Message Posted: Aug 23, 2012 9:02:59 AM
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Yesterday's news. But just another excuse to raise prices. AZ gas prices are rising daily. Prices seem to always fall very slowly but increase like a skyrocket for the stupidest reasons. I think it's called: GREED!!!!
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AC-302
Champion Author Los Angeles

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Message Posted: Aug 23, 2012 9:01:44 AM
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Saw this.
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truckpdlr
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Message Posted: Aug 23, 2012 9:01:41 AM
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OK
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Aserdaten
Champion Author Florida

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Message Posted: Aug 23, 2012 9:00:41 AM
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Getting a bit technical, aren't we? Just so many factors in attempting to set a reasonable price at the pump. But of course the ever-present greed will always enter the picture.
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mikerroy
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Message Posted: Aug 23, 2012 9:00:15 AM
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This is Manipulation at work here.
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RogerB
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Message Posted: Aug 23, 2012 8:58:51 AM
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Another way to provide for price increases.
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throttle
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Up and down.
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lonewolfhead
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ok
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Wolfwings
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Message Posted: Aug 23, 2012 8:56:53 AM
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Sounds like the prices willbe risin' agin...
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trugasCA
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Message Posted: Aug 23, 2012 8:56:23 AM
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Sounds good
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VernonOR
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Message Posted: Aug 23, 2012 8:55:25 AM
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I now see some people are predicting $6 a gallon, now that's getting really scary.
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GPD1739P
Champion Author Illinois

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Message Posted: Aug 23, 2012 8:55:05 AM
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Just more fuel for speculators, I fear.
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JXQW
Champion Author Kansas City

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Message Posted: Aug 23, 2012 8:54:51 AM
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just another reason/execuse to jack up the prices ...
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nickatnite
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ok
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Harry813
Champion Author Iowa

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Message Posted: Aug 23, 2012 8:52:20 AM
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Not quite believing this is the whole truth
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twiper1
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Message Posted: Aug 23, 2012 8:50:19 AM
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alright
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Wildman14
Champion Author Virginia

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Message Posted: Aug 23, 2012 8:49:44 AM
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Good. Now take care of the maintenance you need to do with the reduction in output.
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maske_2222
Champion Author Manitoba

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Message Posted: Aug 23, 2012 8:49:42 AM
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Interesting.....
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INBwana
Champion Author Indiana

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Message Posted: Aug 23, 2012 8:48:29 AM
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Get prepared, Labor Day weekend is coming!
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n0vyy
Veteran Author Twin Cities

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Message Posted: Aug 23, 2012 8:48:24 AM
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Refinery utilization in Midwest @ 99%....Need more capacity.
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bigtravelerPA
Veteran Author Harrisburg

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Message Posted: Aug 23, 2012 8:47:37 AM
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So what
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JENNYHK
Champion Author Chicago

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Message Posted: Aug 23, 2012 8:47:29 AM
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Here comes $6 a gallon.
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red5529
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ok
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iamforiu
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ok
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kulwicki7
All-Star Author Virginia

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ok
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