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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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CDMAuto Champion Author Connecticut Posts:3,806 Points:756,780 Joined:Apr 2011	Message Posted: May 3, 2012 7:16:36 AM Ignore CDMAuto Report Abuse old news
eaglev Champion Author Oklahoma City Posts:4,001 Points:937,155 Joined:Jul 2005	Message Posted: May 3, 2012 7:16:28 AM Ignore eaglev Report Abuse We have conserved so much that we are exporting refined gasoline.
madison8359 Champion Author Cleveland Posts:9,049 Points:1,596,220 Joined:Apr 2008	Message Posted: May 3, 2012 7:16:21 AM Ignore madison8359 Report Abuse No real news here.
Don20 Champion Author Oklahoma City Posts:9,687 Points:2,622,555 Joined:Mar 2005	Message Posted: May 3, 2012 7:15:52 AM Ignore Don20 Report Abuse If inventories are up we should have cheaper gas at the pump. Simple Suppy and Demand. Gas went down here the last two days, one cent on Wed and two cents today..
Diesel_Ram Champion Author Dallas Posts:6,517 Points:1,521,385 Joined:Jan 2009	Message Posted: May 3, 2012 7:15:47 AM Ignore Diesel_Ram Report Abuse Good, drop prices as well.
truckpdlr Champion Author Tucson Posts:2,964 Points:1,099,020 Joined:Sep 2009	Message Posted: May 3, 2012 7:15:24 AM Ignore truckpdlr Report Abuse Good news
BigBrat Champion Author Phoenix Posts:2,679 Points:1,055,000 Joined:Dec 2004	Message Posted: May 3, 2012 7:14:56 AM Ignore BigBrat Report Abuse Keep conserving!!!
TXRanger09 Champion Author Dallas Posts:2,519 Points:894,060 Joined:May 2009	Message Posted: May 3, 2012 7:13:47 AM Ignore TXRanger09 Report Abuse Guess we shipped all that diesel, that our snowplows didn't use this winter, to higher priced markets.
RAKARWOWSKI Champion Author Chicago Posts:4,015 Points:824,050 Joined:Jan 2011	Message Posted: May 3, 2012 7:13:44 AM Ignore RAKARWOWSKI Report Abuse ok.
WebGabe Champion Author Pennsylvania Posts:2,384 Points:499,545 Joined:Jun 2007	Message Posted: May 3, 2012 7:13:13 AM Ignore WebGabe Report Abuse Ok.
nj2000ng Champion Author Houston Posts:1,507 Points:449,020 Joined:Jan 2010	Message Posted: May 3, 2012 7:10:59 AM Ignore nj2000ng Report Abuse ok
JoJoQc Champion Author Montreal Posts:5,336 Points:1,040,155 Joined:May 2010	Message Posted: May 3, 2012 7:10:11 AM Ignore JoJoQc Report Abuse Yep! Sure do freedomsailor!!!
freedomsailor Champion Author Naples Posts:2,144 Points:413,595 Joined:Oct 2011	Message Posted: May 3, 2012 7:08:35 AM Ignore freedomsailor Report Abuse What goes up a lot comes down a little.
GoLancer4 Champion Author Ohio Posts:1,787 Points:441,615 Joined:Sep 2011	Message Posted: May 3, 2012 7:08:26 AM Ignore GoLancer4 Report Abuse yep
PathTrack Champion Author Twin Cities Posts:1,204 Points:134,855 Joined:Jan 2005	Message Posted: May 3, 2012 7:08:02 AM Ignore PathTrack Report Abuse Speculators still driving up the price of oil this week
Hypersonic All-Star Author Maryland Posts:962 Points:852,915 Joined:Aug 2008	Message Posted: May 3, 2012 7:07:32 AM Ignore Hypersonic Report Abuse ok
papakoca All-Star Author Texas Posts:649 Points:533,035 Joined:Jun 2011	Message Posted: May 3, 2012 7:07:28 AM Ignore papakoca Report Abuse Gas prices around here have been bouncing up and down by 12 cents a day.
TKAP Champion Author North Carolina Posts:1,415 Points:410,235 Joined:Aug 2006	Message Posted: May 3, 2012 7:07:16 AM Ignore TKAP Report Abuse and the winner is...?
zimowski Champion Author San Jose Posts:6,686 Points:1,587,390 Joined:Nov 2007	Message Posted: May 3, 2012 7:06:33 AM Ignore zimowski Report Abuse Blah, blah, blah....
Jakster All-Star Author Allentown Posts:980 Points:473,115 Joined:Mar 2005	Message Posted: May 3, 2012 7:05:46 AM Ignore Jakster Report Abuse Best news I've seen on here in a while.
manbig13 Champion Author Cleveland Posts:1,431 Points:557,475 Joined:May 2011	Message Posted: May 3, 2012 7:05:18 AM Ignore manbig13 Report Abuse yeah
Thomtec Champion Author Nashville Posts:2,484 Points:611,070 Joined:May 2011	Message Posted: May 3, 2012 7:01:01 AM Ignore Thomtec Report Abuse ok
indyjim Champion Author Indianapolis Posts:10,111 Points:2,322,355 Joined:Jul 2006	Message Posted: May 3, 2012 7:00:57 AM Ignore indyjim Report Abuse Inventories of gas are higher than last year, yet prices are higher. Conspiracy?
RENEGADEGAS Champion Author Missouri Posts:14,929 Points:1,594,150 Joined:Jul 2008	Message Posted: May 3, 2012 6:59:43 AM Ignore RENEGADEGAS Report Abuse More political posturing from the regime.
garjul Champion Author Flint Posts:1,595 Points:651,190 Joined:Jul 2009	Message Posted: May 3, 2012 6:59:08 AM Ignore garjul Report Abuse Back up to $3.99 here. We haven't seen the peak prices yet, as some articles have stated recently.
techque Champion Author St. Louis Posts:8,670 Points:2,422,555 Joined:Apr 2005	Message Posted: May 3, 2012 6:58:08 AM Ignore techque Report Abuse petroterrorists have been jacking prices and finally reached the tipping point of actually stiffling the struggling recovery from the great recession they caused in 08, and now they're getting ready to jack prices again and blame summer blends !@!
Galmar352 Champion Author San Antonio Posts:10,158 Points:1,882,625 Joined:Dec 2005	Message Posted: May 3, 2012 6:57:29 AM Ignore Galmar352 Report Abuse REPEAT FROM YESTERDAY!!!
CobraJ All-Star Author Tampa Posts:999 Points:376,205 Joined:Mar 2011	Message Posted: May 3, 2012 6:57:26 AM Ignore CobraJ Report Abuse Just mumbo jumbo news. I'm not getting my hopes up anytime soon. Gasoline prices are still way over valued regardless of how high inventory is and how much demand is down.
bjdorval Champion Author Quebec Posts:2,274 Points:1,137,855 Joined:Jul 2008	Message Posted: May 3, 2012 6:57:00 AM Ignore bjdorval Report Abuse Methinks I saw this article yesterday.
olebufnav Champion Author Omaha Posts:3,994 Points:1,026,155 Joined:Nov 2008	Message Posted: May 3, 2012 6:56:52 AM Ignore olebufnav Report Abuse As usual, no connection with pump prices....
goalie1950 Champion Author Phoenix Posts:6,425 Points:1,299,345 Joined:Oct 2009	Message Posted: May 3, 2012 6:56:30 AM Ignore goalie1950 Report Abuse Same news from yesterday. The numbers haven't change either.
INBwana Champion Author Indiana Posts:5,486 Points:698,910 Joined:Apr 2011	Message Posted: May 3, 2012 6:55:58 AM Ignore INBwana Report Abuse And our gas just went up from $3.77 to #3.99. Go figure that!
maske_2222 Champion Author Manitoba Posts:7,422 Points:1,500,005 Joined:Oct 2008	Message Posted: May 3, 2012 6:55:49 AM Ignore maske_2222 Report Abuse Ok......
bridgerunner Champion Author Virginia Posts:4,802 Points:1,009,760 Joined:Jul 2009	Message Posted: May 3, 2012 6:55:14 AM Ignore bridgerunner Report Abuse That's right OKRifle.
OKRifle Champion Author Oklahoma City Posts:10,424 Points:1,813,210 Joined:Oct 2007	Message Posted: May 3, 2012 6:54:25 AM Ignore OKRifle Report Abuse Old news!
bikerchicklette Champion Author Washington Posts:5,889 Points:1,297,220 Joined:Sep 2005	Message Posted: May 3, 2012 6:53:38 AM Ignore bikerchicklette Report Abuse interesting
Cableman66 Champion Author North Carolina Posts:2,125 Points:493,620 Joined:May 2011	Message Posted: May 3, 2012 6:52:36 AM Ignore Cableman66 Report Abuse Prices are headed down in our neck of the woods. Little independent is keeping the big guys in line with pricing here.
Prodaddy Champion Author Houston Posts:8,395 Points:1,898,110 Joined:May 2007	Message Posted: May 3, 2012 6:51:43 AM Ignore Prodaddy Report Abuse Lets see what happens
snakebitef22 Veteran Author Corpus Christi Posts:447 Points:31,520 Joined:Mar 2009	Message Posted: May 3, 2012 6:51:37 AM Ignore snakebitef22 Report Abuse I knew that....
ntass1 Champion Author Edmonton Posts:3,810 Points:730,950 Joined:May 2011	Message Posted: May 3, 2012 6:51:36 AM Ignore ntass1 Report Abuse ok
mackconsult Champion Author Portland Posts:5,309 Points:864,355 Joined:Jan 2009	Message Posted: May 3, 2012 6:51:09 AM Ignore mackconsult Report Abuse Summer is here and gas prices will soar
jpgilmor Champion Author Houston Posts:2,175 Points:606,650 Joined:Feb 2011	Message Posted: May 3, 2012 6:51:04 AM Ignore jpgilmor Report Abuse prices down? maybe....
BillHeatherL Champion Author Alberta Posts:7,658 Points:1,927,555 Joined:Apr 2007	Message Posted: May 3, 2012 6:50:59 AM Ignore BillHeatherL Report Abuse gas prices still going up
RangerTrainer Champion Author Ottawa Posts:2,473 Points:612,370 Joined:Nov 2010	Message Posted: May 3, 2012 6:50:55 AM Ignore RangerTrainer Report Abuse Crude supplies up but refineries closing? So what gives. Or just scare tactics.
jayrad1957 Champion Author Los Angeles Posts:19,675 Points:1,600,415 Joined:Nov 2008	Message Posted: May 3, 2012 6:50:13 AM Ignore jayrad1957 Report Abuse All these factors should mean lower pump prices. A few in my area raised them yesterday.
wingryder92 Champion Author British Columbia Posts:5,717 Points:561,905 Joined:Apr 2011	Message Posted: May 3, 2012 6:47:48 AM Ignore wingryder92 Report Abuse Prices should drop slowly (they rarely drop quickly) and stocks will slowly drop too until they start to force prices up again.
evohnave Champion Author Virginia Posts:1,745 Points:1,000,000 Joined:Sep 2008	Message Posted: May 3, 2012 6:47:03 AM Ignore evohnave Report Abuse So why do we get to see these GasBuddy blog non-news entries as part of the "top 5" for 2 days in a row? Is there a way to vote against these so-called news articles so we can't see them anymore?
GasholeMI Champion Author Lansing Posts:10,154 Points:1,721,215 Joined:Jul 2008	Message Posted: May 3, 2012 6:46:48 AM Ignore GasholeMI Report Abuse Pump prices are just too high. 3.99 around here.
TallSteve Champion Author Dayton Posts:5,164 Points:1,057,470 Joined:Nov 2006	Message Posted: May 3, 2012 6:46:38 AM Ignore TallSteve Report Abuse "time for prices to head south" Try again. Our gas prices just jumped $.30/gallon yesterday. We're now at $3.89/gallon.
racerdj Champion Author Indianapolis Posts:9,830 Points:2,059,500 Joined:Jun 2003	Message Posted: May 3, 2012 6:46:21 AM Ignore racerdj Report Abuse Let's see some downward action at the pumps soon.
scrossi Champion Author Indiana Posts:3,899 Points:1,051,415 Joined:Dec 2008	Message Posted: May 3, 2012 6:46:15 AM Ignore scrossi Report Abuse True drcashflow.
hwmillerster Champion Author Missouri Posts:6,804 Points:1,468,270 Joined:Oct 2008	Message Posted: May 3, 2012 6:46:01 AM Ignore hwmillerster Report Abuse No reason for gas prices to go up.