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EIA: Big crude increase as refineries continue to liquidate remaining winter 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 3.9 million barrels to a total of 369.0 million barrels. At 369.0 million barrels, inventories are 12.1 million barrels above last year (3.4%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 3.7 million barrels to 214.0 million barrels. At 214.0 million barrels, inventories are up 5.9 million barrels, or 2.8% more than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (-2.3mb); Midwest...

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Submitted Apr 18, 2012 By: PD

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mikesr11 Champion Author New York City Posts:3,481 Points:676,215 Joined:Mar 2011	Message Posted: Apr 19, 2012 8:31:25 AM Ignore mikesr11 Report Abuse I AGREE WITH traumer
BigZ1959 Champion Author Denver Posts:3,738 Points:1,459,225 Joined:Oct 2008	Message Posted: Apr 19, 2012 8:31:16 AM Ignore BigZ1959 Report Abuse Up
slgas Champion Author Houston Posts:6,010 Points:1,557,790 Joined:Oct 2008	Message Posted: Apr 19, 2012 8:30:56 AM Ignore slgas Report Abuse Normal numbers for this time of the year.
throttle Champion Author Maryland Posts:11,982 Points:2,464,695 Joined:Jul 2004	Message Posted: Apr 19, 2012 8:30:48 AM Ignore throttle Report Abuse A few-percent variation.
kyrunner Champion Author Lexington Posts:8,957 Points:1,695,175 Joined:Aug 2008	Message Posted: Apr 19, 2012 8:30:34 AM Ignore kyrunner Report Abuse America needs to wise up and stop requiring so many different types of fuel. Another area that shows the EPA needs to be seriously cut back and a number of regulations eliminated.
traumer Champion Author Twin Cities Posts:5,354 Points:1,334,450 Joined:Aug 2006	Message Posted: Apr 19, 2012 8:28:28 AM Ignore traumer Report Abuse Still paying too much for gas while Obama ignores oil drilling.
arnerator Champion Author Seattle Posts:8,159 Points:1,613,165 Joined:Sep 2008	Message Posted: Apr 19, 2012 8:28:18 AM Ignore arnerator Report Abuse Get those refiners moving. Prices MUST come down.
ILoveGoldens All-Star Author Kentucky Posts:901 Points:378,880 Joined:Aug 2011	Message Posted: Apr 19, 2012 8:28:06 AM Ignore ILoveGoldens Report Abuse Me, too - I agree with 1stClicker!!
BigBrat Champion Author Phoenix Posts:2,649 Points:1,047,425 Joined:Dec 2004	Message Posted: Apr 19, 2012 8:27:14 AM Ignore BigBrat Report Abuse Keep conserving!!
SnickersDog Champion Author Denver Posts:3,263 Points:676,985 Joined:Feb 2011	Message Posted: Apr 19, 2012 8:26:59 AM Ignore SnickersDog Report Abuse OK
bjdorval Champion Author Quebec Posts:2,239 Points:1,130,930 Joined:Jul 2008	Message Posted: Apr 19, 2012 8:26:03 AM Ignore bjdorval Report Abuse Am gonna stop by a Newt gas station and get me some of that $2.50 per gallon winter gasoline on sale today!
bodu All-Star Author Vancouver Posts:906 Points:279,310 Joined:Mar 2009	Message Posted: Apr 19, 2012 8:24:40 AM Ignore bodu Report Abuse agreed!
indyjim Champion Author Indianapolis Posts:10,071 Points:2,315,430 Joined:Jul 2006	Message Posted: Apr 19, 2012 8:24:38 AM Ignore indyjim Report Abuse Inventories are up yet prices remain high..............conspiracy?
jony Champion Author Florida Posts:7,306 Points:1,629,315 Joined:May 2006	Message Posted: Apr 19, 2012 8:24:13 AM Ignore jony Report Abuse anything they can do to make a buck
Hunter114 Champion Author Chicago Posts:9,043 Points:1,445,735 Joined:Apr 2009	Message Posted: Apr 19, 2012 8:23:25 AM Ignore Hunter114 Report Abuse Agree with 1stClicker.
ModelWarships Champion Author Missouri Posts:5,769 Points:1,227,110 Joined:Jul 2008	Message Posted: Apr 19, 2012 8:22:53 AM Ignore ModelWarships Report Abuse sure would like to know what the mileage difference is between winter an summer blends.
jorobins538 Champion Author Chicago Posts:4,722 Points:636,270 Joined:Sep 2009	Message Posted: Apr 19, 2012 8:22:37 AM Ignore jorobins538 Report Abuse ok
Susieq60 All-Star Author Columbus Posts:969 Points:128,915 Joined:Sep 2011	Message Posted: Apr 19, 2012 8:21:48 AM Ignore Susieq60 Report Abuse The bottom line obviously is that our gasoline prices will increase.
payogie Champion Author Atlanta Posts:1,047 Points:301,510 Joined:Feb 2005	Message Posted: Apr 19, 2012 8:21:11 AM Ignore payogie Report Abuse Blog, blog, blog.
mreiff Champion Author Louisville Posts:5,325 Points:1,298,715 Joined:May 2009	Message Posted: Apr 19, 2012 8:20:58 AM Ignore mreiff Report Abuse Wow, with these figures you would expect prices to be very low in order to stimulate demand yet here we are, hanging around $4 nationally.
wheels045 Rookie Author Illinois Posts:91 Points:16,675 Joined:Dec 2009	Message Posted: Apr 19, 2012 8:18:40 AM Ignore wheels045 Report Abuse Productions up the price is going back up life is good for the Oil guys
GGAlbo Champion Author Detroit Posts:2,242 Points:1,881,705 Joined:Sep 2006	Message Posted: Apr 19, 2012 8:18:23 AM Ignore GGAlbo Report Abuse Sounds like a huge price drop is coming! Just in time for the Elections, After the elections the prices, we go up again!!!!
1stClicker Champion Author Texas Posts:5,296 Points:2,239,545 Joined:Oct 2005	Message Posted: Apr 19, 2012 8:18:04 AM Ignore 1stClicker Report Abuse Government intervention causes these problems. Get the government out of my pocket.
freedomsailor Champion Author Naples Posts:2,109 Points:406,670 Joined:Oct 2011	Message Posted: Apr 19, 2012 8:17:21 AM Ignore freedomsailor Report Abuse Whatever....
kc58veteran Champion Author Pennsylvania Posts:2,501 Points:581,630 Joined:Jul 2009	Message Posted: Apr 19, 2012 8:16:57 AM Ignore kc58veteran Report Abuse VOTE TO CLEAN OUT WASHINGTON IN 2012!!!!!
lucky69 Champion Author Austin Posts:2,761 Points:1,464,240 Joined:May 2008	Message Posted: Apr 19, 2012 8:16:53 AM Ignore lucky69 Report Abuse prices based on inventories and being scared.
Hop1LA Champion Author Baton Rouge Posts:3,294 Points:1,172,495 Joined:Apr 2008	Message Posted: Apr 19, 2012 8:16:06 AM Ignore Hop1LA Report Abuse I haven't notice any impact on retail prices for gasoline.
mh44s Champion Author Madison Posts:4,369 Points:1,685,965 Joined:May 2006	Message Posted: Apr 19, 2012 8:15:52 AM Ignore mh44s Report Abuse when he switch to summer gas, gas prices will go back up.
mnbeancounter Champion Author Minnesota Posts:4,704 Points:1,058,815 Joined:Oct 2009	Message Posted: Apr 19, 2012 8:15:38 AM Ignore mnbeancounter Report Abuse Markets have been interesting due to inventory reports
daquanabe Champion Author Houston Posts:1,808 Points:371,850 Joined:Oct 2009	Message Posted: Apr 19, 2012 8:15:25 AM Ignore daquanabe Report Abuse whatever
tarheelcoastie Champion Author Greensboro Posts:5,176 Points:1,107,155 Joined:Jan 2009	Message Posted: Apr 19, 2012 8:14:56 AM Ignore tarheelcoastie Report Abuse prices have slumped a bit the past week - nothing compared to the meteoric rise!
Mermaan Champion Author Boston Posts:1,572 Points:421,235 Joined:Apr 2011	Message Posted: Apr 19, 2012 8:12:56 AM Ignore Mermaan Report Abuse And prices are still steadily climbing.
Chris46 Champion Author Dayton Posts:23,635 Points:2,077,565 Joined:Sep 2005	Message Posted: Apr 19, 2012 8:12:48 AM Ignore Chris46 Report Abuse Winter gas sold in Summer, is Summer gas.
RichardoB Champion Author Fayetteville Posts:7,982 Points:1,999,185 Joined:Jun 2007	Message Posted: Apr 19, 2012 8:12:31 AM Ignore RichardoB Report Abuse "However, during the same time frame, the U.S. exported 380,000bpd of gasoline and 956,000bpd of distillates. In total, U.S. refineries exported 2.7 million barrels per DAY of oil and products!" They have to keep the prices up at the pumps.
tribill Champion Author Twin Cities Posts:3,342 Points:2,336,610 Joined:Feb 2006	Message Posted: Apr 19, 2012 8:12:11 AM Ignore tribill Report Abuse Whatever....
paul12011 Champion Author Chicago Posts:1,758 Points:90,955 Joined:May 2011	Message Posted: Apr 19, 2012 8:11:12 AM Ignore paul12011 Report Abuse just more BS
sivart Champion Author Arkansas Posts:18,200 Points:3,066,960 Joined:May 2004	Message Posted: Apr 19, 2012 8:10:47 AM Ignore sivart Report Abuse k
gvan Champion Author Chicago Posts:21,502 Points:2,832,290 Joined:Dec 2004	Message Posted: Apr 19, 2012 8:10:22 AM Ignore gvan Report Abuse You would think gas prices would be lowest in the Midwest with a high utilization of 97.7. We are just starting to see some stations drop below $4.00 in this area but the wholesale price indicates that prices are about to rise again.
scrossi Champion Author Indiana Posts:3,864 Points:1,044,490 Joined:Dec 2008	Message Posted: Apr 19, 2012 8:10:06 AM Ignore scrossi Report Abuse Big oil has cut refineries to drive up prices. Greed.
hallows Champion Author St. Louis Posts:4,673 Points:2,799,645 Joined:Jun 2004	Message Posted: Apr 19, 2012 8:09:31 AM Ignore hallows Report Abuse Yeah...yeah...yeah!
rashida Rookie Author Ontario Posts:77 Points:5,355 Joined:Jan 2011	Message Posted: Apr 19, 2012 8:09:25 AM Ignore rashida Report Abuse every where talk about high gas price......
Aserdaten Champion Author Florida Posts:3,462 Points:2,048,945 Joined:Apr 2006	Message Posted: Apr 19, 2012 8:09:10 AM Ignore Aserdaten Report Abuse Of interest to industry types, but little concern by "we the people". As long as those retail prices keep falling, we're quite contented. Of course after dropping six or seven cents per gallon, we'll be looking for it to spike about ten cents to erase all the price drops. Maybe the government will get smart one day and institute a moderated price control to help regulate this price manipulation.
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Apr 19, 2012 8:08:59 AM Ignore Jeeputtputt Report Abuse Winter gas???? I'll take it all year long FOR FREE just to help out...Gee, I only hope my car will run on this "WINTER" gas.......LOL !!
rxman1 Champion Author Toledo Posts:9,522 Points:1,857,895 Joined:Nov 2007	Message Posted: Apr 19, 2012 8:08:49 AM Ignore rxman1 Report Abuse This happens every year
bigLtowing Champion Author Columbus Posts:2,819 Points:588,565 Joined:Aug 2011	Message Posted: Apr 19, 2012 8:08:37 AM Ignore bigLtowing Report Abuse ok
MikLamb Champion Author Texas Posts:7,965 Points:2,171,120 Joined:Jun 2006	Message Posted: Apr 19, 2012 8:06:34 AM Ignore MikLamb Report Abuse Seasonal adjustments.
INBwana Champion Author Indiana Posts:5,416 Points:691,985 Joined:Apr 2011	Message Posted: Apr 19, 2012 8:05:46 AM Ignore INBwana Report Abuse This is a day old, how about some new news!
generok Champion Author Atlanta Posts:1,123 Points:408,520 Joined:Dec 2009	Message Posted: Apr 19, 2012 8:05:22 AM Ignore generok Report Abuse ok
Jizme Champion Author Lincoln Posts:9,861 Points:2,901,775 Joined:Oct 2004	Message Posted: Apr 19, 2012 8:03:14 AM Ignore Jizme Report Abuse Bla, bla, bla, whatever. Stats can be made to say anything.
nozzle46 Champion Author Little Rock Posts:6,680 Points:1,470,775 Joined:Jul 2006	Message Posted: Apr 19, 2012 8:02:50 AM Ignore nozzle46 Report Abuse inventories still within average range for past 5 years.
TBecker1415 Champion Author Missouri Posts:1,660 Points:347,640 Joined:Nov 2011	Message Posted: Apr 19, 2012 8:02:47 AM Ignore TBecker1415 Report Abuse ok