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EIA: Crude oil and gasoline inventories rise

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 2.9 million barrels to a total of 387.3 million barrels. At 387.3 million barrels, inventories are 23.5 million barrels above last year (6.4%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 0.9 million barrels to 202.7 million barrels. At 202.7 million barrels, inventories are down 11.9 million barrels, or 5.5% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.5mb);...

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Submitted Jun 20, 2012 By: PD

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stonecold5005 All-Star Author Waco Posts:819 Points:20,605 Joined:Mar 2012	Message Posted: Jun 25, 2012 8:31:20 AM Ignore stonecold5005 Report Abuse ok
albert2008 Champion Author Winnipeg Posts:7,487 Points:1,507,735 Joined:Sep 2008	Message Posted: Jun 25, 2012 8:01:10 AM Ignore albert2008 Report Abuse thats good
krellu74 Rookie Author New York Posts:38 Points:342,810 Joined:Mar 2012	Message Posted: Jun 25, 2012 5:46:12 AM Ignore krellu74 Report Abuse OK
BJWI Champion Author Milwaukee Posts:6,554 Points:763,925 Joined:May 2011	Message Posted: Jun 24, 2012 11:02:54 PM Ignore BJWI Report Abuse Inventories rise, demand decrease, no surprise that prices continue to decrease. Lets not forget the importance that a number of the European Union countries are in the need of bailouts and some of the others are on the verge of a double-dip recession, or that big oil is responsible for the no growth economic recovery.
albert2008 Champion Author Winnipeg Posts:7,487 Points:1,507,735 Joined:Sep 2008	Message Posted: Jun 24, 2012 8:04:24 AM Ignore albert2008 Report Abuse good stuff
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Jun 24, 2012 7:49:20 AM Ignore honda0105 Report Abuse same old, same old game.
txrojo2005 All-Star Author Austin Posts:802 Points:500,960 Joined:May 2011	Message Posted: Jun 23, 2012 4:50:23 PM Ignore txrojo2005 Report Abuse Good
sydb7 Champion Author Atlanta Posts:3,657 Points:1,941,890 Joined:Mar 2003	Message Posted: Jun 23, 2012 1:08:34 PM Ignore sydb7 Report Abuse too expensive to drive!
gaswatchON Veteran Author Ontario Posts:475 Points:120,435 Joined:May 2012	Message Posted: Jun 22, 2012 4:28:19 PM Ignore gaswatchON Report Abuse On May 07 a barrel of oil was almost 98 dollars Today that same barrel of oil is worth only 80 bucks gas is $1.15.3 today compared to $1.23.9 why hasn't the gas dropped to reflect the drop in price of a barrel of oil. Monday/May/07/2012/11:59pm WTI Crude Oil $97.99 /Brent Oil $113.16 /123.9/liter for gas Friday, June 22, 2012/05:02pm WTI Crude Oil $80.16 /Brent Oil $91.51/115.3/liter for gas
sparky808 Champion Author Honolulu Posts:3,144 Points:625,660 Joined:Sep 2011	Message Posted: Jun 22, 2012 12:38:33 PM Ignore sparky808 Report Abuse ok
DTrainCanada Champion Author Saskatoon Posts:1,848 Points:1,445,600 Joined:Aug 2005	Message Posted: Jun 22, 2012 10:39:47 AM Ignore DTrainCanada Report Abuse Old news ...
Galmar352 Champion Author San Antonio Posts:10,158 Points:1,882,625 Joined:Dec 2005	Message Posted: Jun 22, 2012 9:42:12 AM Ignore Galmar352 Report Abuse TWO DAY OLD POST!!
Asbury09 Champion Author Iowa Posts:7,353 Points:1,558,005 Joined:Jan 2009	Message Posted: Jun 22, 2012 8:11:25 AM Ignore Asbury09 Report Abuse two day old post
stonecold5005 All-Star Author Waco Posts:819 Points:20,605 Joined:Mar 2012	Message Posted: Jun 22, 2012 8:10:31 AM Ignore stonecold5005 Report Abuse sweet
ss70 Champion Author Detroit Posts:9,944 Points:1,897,200 Joined:Sep 2005	Message Posted: Jun 22, 2012 8:10:09 AM Ignore ss70 Report Abuse but the prices wont come down
scu227 Champion Author New Haven Posts:4,308 Points:799,580 Joined:Feb 2011	Message Posted: Jun 22, 2012 8:08:47 AM Ignore scu227 Report Abuse I think that shows that we have been doing our part of conserving and seeking altrenate fuel sources. We just need to continue looking for ways to continue conserving more and more as well as developing alternate energgy sources.
albert2008 Champion Author Winnipeg Posts:7,487 Points:1,507,735 Joined:Sep 2008	Message Posted: Jun 22, 2012 8:08:46 AM Ignore albert2008 Report Abuse thats good
Banjoe Champion Author Winnipeg Posts:4,461 Points:641,595 Joined:Apr 2011	Message Posted: Jun 22, 2012 8:05:27 AM Ignore Banjoe Report Abuse What are the latest numbers?
MarAzul Champion Author London Posts:3,893 Points:703,885 Joined:Feb 2011	Message Posted: Jun 22, 2012 8:04:05 AM Ignore MarAzul Report Abuse Good!.
gas_too_high Champion Author Columbus Posts:11,686 Points:1,960,165 Joined:Aug 2005	Message Posted: Jun 22, 2012 8:03:24 AM Ignore gas_too_high Report Abuse ILANGE9: Agreed. GTH
ILANGE9 Champion Author Illinois Posts:7,759 Points:1,624,900 Joined:Sep 2008	Message Posted: Jun 22, 2012 8:02:18 AM Ignore ILANGE9 Report Abuse Not much excitement in these reports. Gas not going down fast enough. It should be lower.
DASGOLf Rookie Author Lansing Posts:43 Points:4,785 Joined:Jun 2012	Message Posted: Jun 22, 2012 8:01:07 AM Ignore DASGOLf Report Abuse sweet
mreiff Champion Author Louisville Posts:5,493 Points:1,331,390 Joined:May 2009	Message Posted: Jun 22, 2012 8:00:15 AM Ignore mreiff Report Abuse So let's see prices at the pump fall!
daquanabe Champion Author Houston Posts:1,913 Points:391,625 Joined:Oct 2009	Message Posted: Jun 22, 2012 7:59:02 AM Ignore daquanabe Report Abuse Wake me when you have something new to post.
grandmacbc Champion Author Buffalo Posts:6,675 Points:1,451,500 Joined:Oct 2008	Message Posted: Jun 22, 2012 7:58:53 AM Ignore grandmacbc Report Abuse maybe because it's summer and folks are enjoying other forms of transportation????
stpatrickbday Champion Author Albuquerque Posts:1,668 Points:594,375 Joined:Mar 2011	Message Posted: Jun 22, 2012 7:58:32 AM Ignore stpatrickbday Report Abuse ok.
bmsgolf Champion Author Amarillo Posts:2,148 Points:479,680 Joined:May 2011	Message Posted: Jun 22, 2012 7:58:29 AM Ignore bmsgolf Report Abuse Yet our prices in Amarillo, TX jumped .16 up yesterday.
bjdorval Champion Author Quebec Posts:2,399 Points:1,162,630 Joined:Jul 2008	Message Posted: Jun 22, 2012 7:58:17 AM Ignore bjdorval Report Abuse Very old news.
DerTaubman Champion Author Detroit Posts:7,454 Points:1,557,720 Joined:Jun 2007	Message Posted: Jun 22, 2012 7:58:09 AM Ignore DerTaubman Report Abuse Now if we just had more refining.
checkum Champion Author St. Louis Posts:7,734 Points:1,500,790 Joined:Jan 2008	Message Posted: Jun 22, 2012 7:58:09 AM Ignore checkum Report Abuse it is just plain criminal that gas prices are still above three dollars a gallon!
TheSicilian Champion Author Jacksonville Posts:5,519 Points:1,497,450 Joined:Feb 2009	Message Posted: Jun 22, 2012 7:57:20 AM Ignore TheSicilian Report Abuse and price of gas is less
krobp46 Champion Author Milwaukee Posts:2,856 Points:568,530 Joined:Sep 2011	Message Posted: Jun 22, 2012 7:57:18 AM Ignore krobp46 Report Abuse Old news is Ok, but this is depressing news. Super high inventories and skyrocketing prices yet. Oil under $80.00 a barrel, and gas over $3.50 a gallon [Edited by: krobp46 at 6/22/2012 8:58:22 AM EST]
teatiger Champion Author Dallas Posts:2,820 Points:1,504,565 Joined:Nov 2008	Message Posted: Jun 22, 2012 7:57:12 AM Ignore teatiger Report Abuse ok
Sneakers55 Champion Author Houston Posts:51,850 Points:2,169,375 Joined:Nov 2005	Message Posted: Jun 22, 2012 7:56:59 AM Ignore Sneakers55 Report Abuse On Jun 22, 2012 7:52:49 AM, kyrunner wrote: >Still believe this agency would be a great start >to cutting the federal budget. They probably get the answers in the first place from the American Petroleum Institute or at least their members.
oldpapa55 Sophomore Author Massachusetts Posts:215 Points:45,830 Joined:Jun 2012	Message Posted: Jun 22, 2012 7:56:50 AM Ignore oldpapa55 Report Abuse ok
car253 Champion Author Ohio Posts:6,430 Points:1,495,345 Joined:Oct 2008	Message Posted: Jun 22, 2012 7:56:49 AM Ignore car253 Report Abuse Bring the price of gas down to $2.00 or less a gal.
mnbeancounter Champion Author Minnesota Posts:4,975 Points:1,090,595 Joined:Oct 2009	Message Posted: Jun 22, 2012 7:55:47 AM Ignore mnbeancounter Report Abuse This is several days old
JimL1 Champion Author Phoenix Posts:8,319 Points:1,258,720 Joined:Jul 2003	Message Posted: Jun 22, 2012 7:55:00 AM Ignore JimL1 Report Abuse Maximize the crude oil inventories while prices are down, it makes sense to me.
Mariuxus Champion Author Chicago Posts:3,892 Points:1,898,505 Joined:May 2007	Message Posted: Jun 22, 2012 7:54:45 AM Ignore Mariuxus Report Abuse Get rid of old stuff...
rtw777 Champion Author Florida Posts:9,536 Points:1,869,695 Joined:Jan 2008	Message Posted: Jun 22, 2012 7:54:34 AM Ignore rtw777 Report Abuse Now we need a decrease...in prices.
fireless1 Champion Author Atlanta Posts:2,266 Points:563,145 Joined:Dec 2010	Message Posted: Jun 22, 2012 7:54:00 AM Ignore fireless1 Report Abuse Old
lll4386 Champion Author Seattle Posts:3,963 Points:609,000 Joined:Apr 2007	Message Posted: Jun 22, 2012 7:52:58 AM Ignore lll4386 Report Abuse ok
kyrunner Champion Author Lexington Posts:9,118 Points:1,726,875 Joined:Aug 2008	Message Posted: Jun 22, 2012 7:52:49 AM Ignore kyrunner Report Abuse Still believe this agency would be a great start to cutting the federal budget.
SUV2009 Champion Author Orlando Posts:4,488 Points:1,165,240 Joined:Oct 2009	Message Posted: Jun 22, 2012 7:52:49 AM Ignore SUV2009 Report Abuse Old news
twinfanMN Champion Author Minnesota Posts:1,697 Points:474,895 Joined:Jun 2011	Message Posted: Jun 22, 2012 7:52:23 AM Ignore twinfanMN Report Abuse Same old story too much oil not enough ways to refine it. Prices stay high
Garston Champion Author Maine Posts:2,421 Points:473,765 Joined:Jul 2011	Message Posted: Jun 22, 2012 7:51:29 AM Ignore Garston Report Abuse old news
Michaels2011 Champion Author Florida Posts:2,141 Points:106,005 Joined:Apr 2011	Message Posted: Jun 22, 2012 7:51:10 AM Ignore Michaels2011 Report Abuse Same old same old
cableman31 Champion Author New York Posts:8,917 Points:2,033,655 Joined:May 2004	Message Posted: Jun 22, 2012 7:50:44 AM Ignore cableman31 Report Abuse Can't believe a FED report.
smokinjoe54 Champion Author Ohio Posts:4,832 Points:933,290 Joined:Feb 2010	Message Posted: Jun 22, 2012 7:48:59 AM Ignore smokinjoe54 Report Abuse Whatever.
freedomsailor Champion Author Naples Posts:2,269 Points:438,370 Joined:Oct 2011	Message Posted: Jun 22, 2012 7:47:12 AM Ignore freedomsailor Report Abuse Read this somewhere else last weekend.