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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:817 Points:20,240 Joined:Mar 2012	Message Posted: Jun 25, 2012 8:31:20 AM Ignore stonecold5005 Report Abuse ok
albert2008 Champion Author Winnipeg Posts:7,332 Points:1,477,010 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:318,310 Joined:Mar 2012	Message Posted: Jun 25, 2012 5:46:12 AM Ignore krellu74 Report Abuse OK
BJWI Champion Author Milwaukee Posts:6,388 Points:732,325 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:7,332 Points:1,477,010 Joined:Sep 2008	Message Posted: Jun 24, 2012 8:04:24 AM Ignore albert2008 Report Abuse good stuff
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 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:761 Points:476,180 Joined:May 2011	Message Posted: Jun 23, 2012 4:50:23 PM Ignore txrojo2005 Report Abuse Good
sydb7 Champion Author Atlanta Posts:3,537 Points:1,916,505 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:463 Points:118,405 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:2,976 Points:594,585 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:1,417,100 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:7,193 Points:1,526,305 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:817 Points:20,240 Joined:Mar 2012	Message Posted: Jun 22, 2012 8:10:31 AM Ignore stonecold5005 Report Abuse sweet
ss70 Champion Author Detroit Posts:9,630 Points:1,866,100 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:4,130 Points:767,880 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:7,332 Points:1,477,010 Joined:Sep 2008	Message Posted: Jun 22, 2012 8:08:46 AM Ignore albert2008 Report Abuse thats good
Banjoe Champion Author Winnipeg Posts:4,215 Points:610,185 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:3,756 Points:675,485 Joined:Feb 2011	Message Posted: Jun 22, 2012 8:04:05 AM Ignore MarAzul Report Abuse Good!.
gas_too_high Champion Author Columbus Posts:11,520 Points:1,929,420 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:7,595 Points:1,593,200 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:5,330 Points:1,299,690 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:1,808 Points:371,850 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:6,515 Points:1,425,900 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:1,506 Points:563,425 Joined:Mar 2011	Message Posted: Jun 22, 2012 7:58:32 AM Ignore stpatrickbday Report Abuse ok.
bmsgolf Champion Author Amarillo Posts:2,022 Points:450,030 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:2,239 Points:1,130,930 Joined:Jul 2008	Message Posted: Jun 22, 2012 7:58:17 AM Ignore bjdorval Report Abuse Very old news.
DerTaubman Champion Author Detroit Posts:7,292 Points:1,526,020 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:7,576 Points:1,471,115 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:5,359 Points:1,465,750 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:2,689 Points:537,095 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:2,660 Points:1,472,865 Joined:Nov 2008	Message Posted: Jun 22, 2012 7:57:12 AM Ignore teatiger Report Abuse ok
Sneakers55 Champion Author Houston Posts:51,247 Points:2,139,925 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:6,278 Points:1,465,595 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:4,704 Points:1,058,815 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:8,201 Points:1,238,645 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:3,740 Points:1,866,315 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:9,376 Points:1,837,995 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:2,147 Points:534,765 Joined:Dec 2010	Message Posted: Jun 22, 2012 7:54:00 AM Ignore fireless1 Report Abuse Old
lll4386 Champion Author Seattle Posts:3,885 Points:597,125 Joined:Apr 2007	Message Posted: Jun 22, 2012 7:52:58 AM Ignore lll4386 Report Abuse ok
kyrunner Champion Author Lexington Posts:8,957 Points:1,695,925 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:4,403 Points:1,139,540 Joined:Oct 2009	Message Posted: Jun 22, 2012 7:52:49 AM Ignore SUV2009 Report Abuse Old news
twinfanMN Champion Author Minnesota Posts:1,610 Points:452,240 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:8,813 Points:2,012,800 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:4,702 Points:908,615 Joined:Feb 2010	Message Posted: Jun 22, 2012 7:48:59 AM Ignore smokinjoe54 Report Abuse Whatever.
freedomsailor Champion Author Naples Posts:2,109 Points:406,670 Joined:Oct 2011	Message Posted: Jun 22, 2012 7:47:12 AM Ignore freedomsailor Report Abuse Read this somewhere else last weekend.