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EIA: Crude inventories up, refinery output up, gasoline stocks fall as summer switch-over nearly com

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 375.9 million barrels. At 375.9 million barrels, inventories are 9.3 million barrels above last year (2.5%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 2.0 million barrels to 209.7 million barrels. At 209.7 million barrels, inventories are up 5.2 million barrels, or 2.5% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.8mb); Midwest...

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Submitted May 02, 2012 By: PD

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ROSYMI Champion Author Michigan Posts:1,028 Points:367,900 Joined:Nov 2011	Message Posted: May 4, 2012 4:03:21 PM Ignore ROSYMI Report Abuse ok
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: May 4, 2012 6:04:31 AM Ignore albert2008 Report Abuse it will come back
alwaysridin88 Champion Author Ohio Posts:1,446 Points:565,575 Joined:Jul 2011	Message Posted: May 4, 2012 5:00:03 AM Ignore alwaysridin88 Report Abuse Same story from yesterday.
lbrinkmn Champion Author Minnesota Posts:2,734 Points:1,836,740 Joined:Oct 2005	Message Posted: May 3, 2012 12:28:01 PM Ignore lbrinkmn Report Abuse ok
PaulaRed All-Star Author Utah Posts:558 Points:488,900 Joined:Apr 2004	Message Posted: May 3, 2012 11:45:31 AM Ignore PaulaRed Report Abuse gamesss
sparky808 Champion Author Honolulu Posts:2,998 Points:597,735 Joined:Sep 2011	Message Posted: May 3, 2012 10:33:22 AM Ignore sparky808 Report Abuse Thank you for posting.
SUV2009 Champion Author Orlando Posts:4,413 Points:1,142,915 Joined:Oct 2009	Message Posted: May 3, 2012 10:21:26 AM Ignore SUV2009 Report Abuse Okay so now this is the cause of the lower pump prices even when oil prices are up. The games continues!
Gas_Buzzer Champion Author South Carolina Posts:14,161 Points:2,594,365 Joined:Sep 2005	Message Posted: May 3, 2012 9:45:30 AM Ignore Gas_Buzzer Report Abuse Another WORTHLESS bureaucracy...The Energy Information Administration. 2011 budget is $94,500,000 wasted tax dollars. Some of the 16,000+ employees of big government's DOE ! They have been wasting tax dollars since 1977. Read for yourself
sydb7 Champion Author Atlanta Posts:3,557 Points:1,919,755 Joined:Mar 2003	Message Posted: May 3, 2012 9:40:53 AM Ignore sydb7 Report Abuse Prices need to keep dropping at the pump!!
LongPlay Champion Author Albuquerque Posts:4,243 Points:1,240,050 Joined:May 2008	Message Posted: May 3, 2012 9:03:34 AM Ignore LongPlay Report Abuse We really need cheaper oil to get cheaper gas, but the higher refinery outputs should help.
zaq001 Champion Author Atlanta Posts:3,975 Points:1,472,850 Joined:Oct 2008	Message Posted: May 3, 2012 8:53:10 AM Ignore zaq001 Report Abuse good.
TekWare Champion Author Toronto Posts:3,161 Points:672,450 Joined:May 2011	Message Posted: May 3, 2012 8:50:06 AM Ignore TekWare Report Abuse Just give me today's excuse for higher prices.
MikeMotorhead All-Star Author Detroit Posts:752 Points:527,705 Joined:Oct 2009	Message Posted: May 3, 2012 8:32:52 AM Ignore MikeMotorhead Report Abuse Prices started back up at some stations around here.
momof5MN Champion Author Twin Cities Posts:4,049 Points:214,035 Joined:Feb 2011	Message Posted: May 3, 2012 8:25:15 AM Ignore momof5MN Report Abuse Yesterday's news.
herndonks Champion Author Baltimore Posts:1,116 Points:211,685 Joined:Dec 2011	Message Posted: May 3, 2012 8:24:09 AM Ignore herndonks Report Abuse Does it all mean anything?
19sheldon43 Champion Author Los Angeles Posts:3,979 Points:843,010 Joined:Jul 2009	Message Posted: May 3, 2012 8:24:01 AM Ignore 19sheldon43 Report Abuse Just as boring as yesterday. Oil is down slightly today
67yenko Champion Author Mississippi Posts:1,165 Points:361,105 Joined:Jan 2011	Message Posted: May 3, 2012 8:22:44 AM Ignore 67yenko Report Abuse well thats a big 10-4....
TheSicilian Champion Author Jacksonville Posts:5,379 Points:1,469,750 Joined:Feb 2009	Message Posted: May 3, 2012 8:18:42 AM Ignore TheSicilian Report Abuse hope for change
neptune2008 Champion Author Michigan Posts:8,573 Points:1,669,725 Joined:Aug 2008	Message Posted: May 3, 2012 8:18:37 AM Ignore neptune2008 Report Abuse which clown, efwosu??? theres SO many !!
biza4u Champion Author New Haven Posts:8,523 Points:1,627,900 Joined:Jan 2007	Message Posted: May 3, 2012 8:18:26 AM Ignore biza4u Report Abuse Same story higher prices
efwosu Sophomore Author Columbus Posts:236 Points:91,250 Joined:Mar 2011	Message Posted: May 3, 2012 8:17:04 AM Ignore efwosu Report Abuse hope we change that Clown's address
CTarp Champion Author Texas Posts:1,234 Points:607,105 Joined:Apr 2011	Message Posted: May 3, 2012 8:15:59 AM Ignore CTarp Report Abuse Just part of the cycle.
SUSANCK Champion Author Chicago Posts:3,642 Points:708,455 Joined:Apr 2011	Message Posted: May 3, 2012 8:12:35 AM Ignore SUSANCK Report Abuse Means nothing.
JCS Champion Author Twin Cities Posts:4,028 Points:1,313,790 Joined:Apr 2002	Message Posted: May 3, 2012 8:11:56 AM Ignore JCS Report Abuse So are prices
Bud122CA Champion Author California Posts:7,466 Points:1,605,100 Joined:Jul 2008	Message Posted: May 3, 2012 8:11:23 AM Ignore Bud122CA Report Abuse No kidding. Inventories up, prices up, production up, consumption down. So where is the GREED?
DTrainCanada Champion Author Saskatoon Posts:1,848 Points:1,420,700 Joined:Aug 2005	Message Posted: May 3, 2012 8:09:43 AM Ignore DTrainCanada Report Abuse Same ol'
q2 Champion Author Alberta Posts:2,034 Points:380,095 Joined:Nov 2008	Message Posted: May 3, 2012 8:08:51 AM Ignore q2 Report Abuse Different day same pile.
WeasleyOC Champion Author Orange County Posts:3,149 Points:802,325 Joined:Jul 2008	Message Posted: May 3, 2012 8:08:03 AM Ignore WeasleyOC Report Abuse So what is going to be the next reason for higher prices?
bobsalwaysmt Champion Author Long Island Posts:4,655 Points:265,590 Joined:Oct 2007	Message Posted: May 3, 2012 8:07:53 AM Ignore bobsalwaysmt Report Abuse Wasn't this up yesterday?
justinoles Champion Author Orlando Posts:2,329 Points:706,530 Joined:Jul 2009	Message Posted: May 3, 2012 8:07:43 AM Ignore justinoles Report Abuse Prices are steady, a few still dropping slightly...
MrLuigi Champion Author Massachusetts Posts:4,773 Points:966,685 Joined:Jun 2005	Message Posted: May 3, 2012 8:07:27 AM Ignore MrLuigi Report Abuse seems like prices should be somewhat lower than....but guess what - they aren't!
n3tbc Veteran Author Wilmington Posts:355 Points:332,825 Joined:Sep 2011	Message Posted: May 3, 2012 8:06:59 AM Ignore n3tbc Report Abuse So what will be needed to reduce prices? More production... doesn't seem like that is doing it?
dacofa Champion Author Nevada Posts:5,373 Points:1,148,820 Joined:Jan 2010	Message Posted: May 3, 2012 8:06:46 AM Ignore dacofa Report Abuse Obozo has them shipping it to China.
yelobus Champion Author Houston Posts:5,599 Points:1,556,840 Joined:Aug 2006	Message Posted: May 3, 2012 8:06:24 AM Ignore yelobus Report Abuse Lots of crude? Lots of refinery output? Gas inventory down?
dale243 All-Star Author Dallas Posts:972 Points:677,850 Joined:Jan 2011	Message Posted: May 3, 2012 8:06:22 AM Ignore dale243 Report Abuse They are falling in North Texas.
JXQW Champion Author Kansas City Posts:2,787 Points:684,175 Joined:Jul 2008	Message Posted: May 3, 2012 8:03:58 AM Ignore JXQW Report Abuse good
INBwana Champion Author Indiana Posts:5,457 Points:695,985 Joined:Apr 2011	Message Posted: May 3, 2012 8:02:02 AM Ignore INBwana Report Abuse This is 100% cowabunga!!! Overnight our gas went up from $3.77 to #3.99. Go figure that! Someone doesn't have their facts straight or their head is up where the sun doesn't shine!!!!
Emmamae1 Champion Author Illinois Posts:3,059 Points:589,190 Joined:Oct 2011	Message Posted: May 3, 2012 8:01:52 AM Ignore Emmamae1 Report Abuse but gas prices are up .25 the last couple of days in chicago area.
ARCO Champion Author Pittsburgh Posts:2,348 Points:2,377,370 Joined:Sep 2005	Message Posted: May 3, 2012 8:00:43 AM Ignore ARCO Report Abuse SHOULDN'T TAKE THAT LONG
snappytom2 Champion Author Corpus Christi Posts:3,546 Points:274,545 Joined:Jul 2008	Message Posted: May 3, 2012 8:00:35 AM Ignore snappytom2 Report Abuse So?
Amanstrom Champion Author Los Angeles Posts:1,857 Points:538,680 Joined:Jul 2011	Message Posted: May 3, 2012 8:00:22 AM Ignore Amanstrom Report Abuse Interesting
bbthegun Champion Author San Diego Posts:5,983 Points:1,681,190 Joined:Sep 2006	Message Posted: May 3, 2012 7:59:12 AM Ignore bbthegun Report Abuse Yesterday's news. Didn't realize how long the complete summer shiftover took...
grammamNV Champion Author Nevada Posts:2,335 Points:372,425 Joined:Mar 2011	Message Posted: May 3, 2012 7:57:13 AM Ignore grammamNV Report Abuse prices coming down in Reno, but every other town within a 30-mile radius is not dropping. i don't get it - at all. it's usually the other way around - ???
JENNYHK Champion Author Chicago Posts:3,641 Points:713,545 Joined:Apr 2011	Message Posted: May 3, 2012 7:55:38 AM Ignore JENNYHK Report Abuse Doesn't matter.
crazycow2332 Champion Author Nashville Posts:1,217 Points:255,080 Joined:May 2010	Message Posted: May 3, 2012 7:54:52 AM Ignore crazycow2332 Report Abuse that should mean lower prices...right?
5Golfer8 Champion Author Tucson Posts:2,143 Points:301,625 Joined:Jun 2011	Message Posted: May 3, 2012 7:54:10 AM Ignore 5Golfer8 Report Abuse How about dropping the prices.
roadrunnin Champion Author Richmond Posts:1,749 Points:564,160 Joined:May 2008	Message Posted: May 3, 2012 7:54:08 AM Ignore roadrunnin Report Abuse if the inventory is used here instead of exported that will bring our prices down, haven't heard anyone in congress [or running] say anything about ideas for that.
indrix All-Star Author Toronto Posts:582 Points:161,790 Joined:Sep 2011	Message Posted: May 3, 2012 7:53:04 AM Ignore indrix Report Abuse if supply/output is up (and demand is the same), then prices should fall.
Sethyl Champion Author Miami Posts:1,753 Points:377,465 Joined:Oct 2009	Message Posted: May 3, 2012 7:52:21 AM Ignore Sethyl Report Abuse keep coming down.
dougtaylor1 Champion Author Phoenix Posts:1,751 Points:447,325 Joined:Jun 2011	Message Posted: May 3, 2012 7:51:31 AM Ignore dougtaylor1 Report Abuse This summer gas mixture has got to go.