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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

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boldrph Champion Author Topeka Posts:18,533 Points:3,478,590 Joined:Oct 2002	Message Posted: Apr 12, 2012 10:39:09 AM Ignore boldrph Report Abuse fascinating
kc58veteran Champion Author Pennsylvania Posts:2,666 Points:614,080 Joined:Jul 2009	Message Posted: Apr 12, 2012 10:36:10 AM Ignore kc58veteran Report Abuse VOTE TO CLEAN OUT WASHINGTON IN 2012!
bowler300MO Champion Author Missouri Posts:2,000 Points:894,335 Joined:Mar 2010	Message Posted: Apr 12, 2012 10:35:52 AM Ignore bowler300MO Report Abuse ok, big oil companies are screwing the workingclass again
Diesel_Ram Champion Author Dallas Posts:6,639 Points:1,546,100 Joined:Jan 2009	Message Posted: Apr 12, 2012 10:33:31 AM Ignore Diesel_Ram Report Abuse Old news
NotmeuQc Champion Author Montreal Posts:5,756 Points:1,159,175 Joined:Apr 2009	Message Posted: Apr 12, 2012 10:33:07 AM Ignore NotmeuQc Report Abuse Gas is still dropping here, but I expect it to go up today, seven days after last increase. A few stations went up yesterday, but no one else followed.
REVLAW Champion Author San Antonio Posts:10,576 Points:2,034,945 Joined:Jul 2007	Message Posted: Apr 12, 2012 10:30:23 AM Ignore REVLAW Report Abuse Really. Evidence of adequate domestic supply and low domestic demand. Also evidence of totally failed domestic energy policy by the HO administration.
KhelbenArunson Champion Author Michigan Posts:4,581 Points:745,340 Joined:Apr 2008	Message Posted: Apr 12, 2012 10:29:22 AM Ignore KhelbenArunson Report Abuse pure spin. The prices are going down because the speculators are in trouble again.
arnerator Champion Author Seattle Posts:8,325 Points:1,645,050 Joined:Sep 2008	Message Posted: Apr 12, 2012 10:29:06 AM Ignore arnerator Report Abuse I wish they would make up their minds. This story changes every day.... inventories up---- inventories down.
eaglev Champion Author Oklahoma City Posts:4,001 Points:937,155 Joined:Jul 2005	Message Posted: Apr 12, 2012 10:28:08 AM Ignore eaglev Report Abuse Prices here are falling, but for how long?
ECMM Veteran Author Miami Posts:479 Points:606,060 Joined:Mar 2011	Message Posted: Apr 12, 2012 10:27:54 AM Ignore ECMM Report Abuse Statistics can be made to look any way you want= DUMB. Reasons for those statistics= DUMBER.
yeehaw1073 Champion Author Indiana Posts:2,456 Points:1,874,600 Joined:May 2004	Message Posted: Apr 12, 2012 10:26:50 AM Ignore yeehaw1073 Report Abuse so gas prices are going to go down...right?
MadEJ Champion Author Hartford Posts:1,644 Points:1,352,710 Joined:Aug 2008	Message Posted: Apr 12, 2012 10:26:26 AM Ignore MadEJ Report Abuse So, isn't this done every year?
ramgas Champion Author Texas Posts:2,250 Points:1,322,955 Joined:Jan 2005	Message Posted: Apr 12, 2012 10:23:50 AM Ignore ramgas Report Abuse Big drop at the pump?
FlyNFool Champion Author South Carolina Posts:8,379 Points:1,712,675 Joined:Aug 2008	Message Posted: Apr 12, 2012 10:23:17 AM Ignore FlyNFool Report Abuse Just a ploy, another excuse. Just get rid of seasonal blends!
arinkrat17 Champion Author Twin Cities Posts:6,425 Points:1,358,950 Joined:Aug 2009	Message Posted: Apr 12, 2012 10:22:06 AM Ignore arinkrat17 Report Abuse batch it together and not have the decrease
bridgerunner Champion Author Virginia Posts:4,927 Points:1,034,535 Joined:Jul 2009	Message Posted: Apr 12, 2012 10:21:42 AM Ignore bridgerunner Report Abuse It seems as if we get these weekly reports every other day.
Car54BC08 Champion Author British Columbia Posts:4,394 Points:1,538,040 Joined:Jun 2008	Message Posted: Apr 12, 2012 10:21:29 AM Ignore Car54BC08 Report Abuse Old news.
TRAIN RIDER Champion Author San Bernardino Posts:9,217 Points:2,784,545 Joined:Oct 2004	Message Posted: Apr 12, 2012 10:20:48 AM Ignore TRAIN RIDER Report Abuse They want the prices back up.
MrLuigi Champion Author Massachusetts Posts:4,913 Points:994,385 Joined:Jun 2005	Message Posted: Apr 12, 2012 10:20:36 AM Ignore MrLuigi Report Abuse yeah yeah yeah, the numbers game is at it again....
egd Champion Author Twin Cities Posts:8,231 Points:2,146,000 Joined:Mar 2005	Message Posted: Apr 12, 2012 10:19:55 AM Ignore egd Report Abuse part of yearly cycle
yelobus Champion Author Houston Posts:5,743 Points:1,584,540 Joined:Aug 2006	Message Posted: Apr 12, 2012 10:19:54 AM Ignore yelobus Report Abuse Is this different from yesterday?
momof5MN Champion Author Twin Cities Posts:4,194 Points:221,560 Joined:Feb 2011	Message Posted: Apr 12, 2012 10:19:53 AM Ignore momof5MN Report Abuse November 2012.
orcar Champion Author Boise Posts:2,153 Points:803,565 Joined:Jun 2010	Message Posted: Apr 12, 2012 10:18:32 AM Ignore orcar Report Abuse Of course gasoling inventories are down. Refiners are taking plants off line for "maintenance".
fullauto Champion Author Reading Posts:5,425 Points:1,492,940 Joined:Apr 2008	Message Posted: Apr 12, 2012 10:17:43 AM Ignore fullauto Report Abuse purge ethanol - PLEASE!
chyguy3 Champion Author Wyoming Posts:2,855 Points:860,590 Joined:Sep 2006	Message Posted: Apr 12, 2012 10:15:33 AM Ignore chyguy3 Report Abuse True esquared.
thirty8paces Champion Author Baltimore Posts:4,621 Points:1,128,680 Joined:Sep 2008	Message Posted: Apr 12, 2012 10:13:31 AM Ignore thirty8paces Report Abuse Will see a hike in gas prices this summer because of this.
mickealo Champion Author Spokane Posts:6,297 Points:2,171,160 Joined:Oct 2006	Message Posted: Apr 12, 2012 10:11:26 AM Ignore mickealo Report Abuse well thats not what drives prices its speculators that do that
HawaiianGuy Champion Author Idaho Posts:9,663 Points:3,105,800 Joined:May 2003	Message Posted: Apr 12, 2012 10:11:03 AM Ignore HawaiianGuy Report Abuse This weekly EIA report is just the tonic for insomnia. I recommend it.
esquared Champion Author Oklahoma City Posts:8,202 Points:1,996,835 Joined:Jan 2006	Message Posted: Apr 12, 2012 10:09:51 AM Ignore esquared Report Abuse AKA: basic data reporting.
Showmebuddy All-Star Author Missouri Posts:982 Points:877,435 Joined:Jan 2010	Message Posted: Apr 12, 2012 10:09:38 AM Ignore Showmebuddy Report Abuse and up we go
tauro514 Champion Author Connecticut Posts:3,265 Points:1,828,115 Joined:Oct 2006	Message Posted: Apr 12, 2012 10:05:28 AM Ignore tauro514 Report Abuse prices keep going up.
PathTrack Champion Author Twin Cities Posts:1,204 Points:135,055 Joined:Jan 2005	Message Posted: Apr 12, 2012 10:04:28 AM Ignore PathTrack Report Abuse Big Deal! still more inventory than last year and demand is down 10%
Emmamae1 Champion Author Illinois Posts:3,209 Points:616,565 Joined:Oct 2011	Message Posted: Apr 12, 2012 10:03:54 AM Ignore Emmamae1 Report Abuse looks like prices should decline in chicagoland.
dwbuddy Champion Author Fort Worth Posts:1,919 Points:775,555 Joined:Dec 2010	Message Posted: Apr 12, 2012 10:03:47 AM Ignore dwbuddy Report Abuse they know this about 5 months in advance on the market prices...nothing new every year it's done.
gasper Champion Author Edmonton Posts:4,580 Points:1,392,835 Joined:Mar 2002	Message Posted: Apr 12, 2012 10:03:43 AM Ignore gasper Report Abuse The gas refineries that have closed down so they can get more money for fuel is an outrage and governments need to stop the practice of mutilation of fuel.
traumer Champion Author Twin Cities Posts:5,509 Points:1,365,175 Joined:Aug 2006	Message Posted: Apr 12, 2012 10:02:00 AM Ignore traumer Report Abuse Happens every spring.
PrinceLH Champion Author Ontario Posts:2,832 Points:565,745 Joined:Jun 2011	Message Posted: Apr 12, 2012 9:59:52 AM Ignore PrinceLH Report Abuse That's why they're bottlenecking crude, by shutting down refineries.
vjs3 Champion Author Denver Posts:2,680 Points:677,575 Joined:Jun 2011	Message Posted: Apr 12, 2012 9:59:25 AM Ignore vjs3 Report Abuse I'd like to see a drop in price here.
esorsd Champion Author St. Louis Posts:5,878 Points:1,666,315 Joined:May 2005	Message Posted: Apr 12, 2012 9:59:06 AM Ignore esorsd Report Abuse Here come the price increases.
mberg Champion Author Houston Posts:3,948 Points:987,780 Joined:Aug 2010	Message Posted: Apr 12, 2012 9:58:56 AM Ignore mberg Report Abuse It's a normal condition each spring.
grammamNV Champion Author Nevada Posts:2,335 Points:372,425 Joined:Mar 2011	Message Posted: Apr 12, 2012 9:57:14 AM Ignore grammamNV Report Abuse bla, bla, bla....
vizilo Champion Author British Columbia Posts:5,729 Points:2,590,650 Joined:May 2004	Message Posted: Apr 12, 2012 9:55:42 AM Ignore vizilo Report Abuse prices keep going up
mikesr100 Champion Author Sacramento Posts:4,035 Points:1,108,415 Joined:Apr 2008	Message Posted: Apr 12, 2012 9:55:28 AM Ignore mikesr100 Report Abuse EPA and Obama forcing refineries out of business!
1958tomg Champion Author Kansas Posts:2,281 Points:573,040 Joined:Oct 2011	Message Posted: Apr 12, 2012 9:54:31 AM Ignore 1958tomg Report Abuse ok
katmandue Champion Author Detroit Posts:8,211 Points:2,161,820 Joined:Jul 2006	Message Posted: Apr 12, 2012 9:53:16 AM Ignore katmandue Report Abuse Any reason to raise prices
soakmonkey Champion Author Nevada Posts:1,452 Points:1,008,955 Joined:Feb 2007	Message Posted: Apr 12, 2012 9:52:17 AM Ignore soakmonkey Report Abuse hmm
dougtaylor1 Champion Author Phoenix Posts:1,781 Points:457,150 Joined:Jun 2011	Message Posted: Apr 12, 2012 9:50:57 AM Ignore dougtaylor1 Report Abuse Crude increase and gas decrease. Get the government off the backs of the refiners.
wendy1john32 Champion Author Los Angeles Posts:1,758 Points:1,077,590 Joined:Jul 2009	Message Posted: Apr 12, 2012 9:49:15 AM Ignore wendy1john32 Report Abuse Make it possible to use natural gas for power generation and inventories will rise a bit.
WebGabe Champion Author Pennsylvania Posts:2,510 Points:524,320 Joined:Jun 2007	Message Posted: Apr 12, 2012 9:48:58 AM Ignore WebGabe Report Abuse Ok.
condé Champion Author Michigan Posts:3,816 Points:1,830,940 Joined:Oct 2004	Message Posted: Apr 12, 2012 9:48:27 AM Ignore condé Report Abuse Is this a Warning that the price will again jump?
bbthegun Champion Author San Diego Posts:6,033 Points:1,704,840 Joined:Sep 2006	Message Posted: Apr 12, 2012 9:48:04 AM Ignore bbthegun Report Abuse Demand is way down...DUH!
Topless2012 Champion Author Twin Cities Posts:2,573 Points:508,765 Joined:Jan 2012	Message Posted: Apr 12, 2012 9:46:38 AM Ignore Topless2012 Report Abuse normal practice