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EIA: Gasoline inventories drop, West Coast inventories continue to be ultra tight

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 3.7 million barrels to a total of 379.5 million barrels. At 379.5 million barrels, inventories are 9.2 million barrels above last year (2.5%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 2.6 million barrels to 207.1 million barrels. At 207.1 million barrels, inventories are up 1.3 million barrels, or 0.6% higher than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.2mb); Midwest...

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Submitted May 09, 2012 By: PD

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badbonita Champion Author Syracuse Posts:6,234 Points:1,355,660 Joined:Jul 2008	Message Posted: May 10, 2012 8:29:03 AM Ignore badbonita Report Abuse That's nice.
ratboy1968 Champion Author Montreal Posts:2,627 Points:550,975 Joined:Oct 2011	Message Posted: May 10, 2012 8:29:02 AM Ignore ratboy1968 Report Abuse ok
ou812again Champion Author Cincinnati Posts:3,329 Points:672,085 Joined:Apr 2011	Message Posted: May 10, 2012 8:27:49 AM Ignore ou812again Report Abuse ok
ds531 Champion Author Texas Posts:2,889 Points:594,680 Joined:Sep 2011	Message Posted: May 10, 2012 8:27:15 AM Ignore ds531 Report Abuse OK
BigZ1959 Champion Author Denver Posts:3,773 Points:1,466,150 Joined:Oct 2008	Message Posted: May 10, 2012 8:26:05 AM Ignore BigZ1959 Report Abuse Up
generok Champion Author Atlanta Posts:1,123 Points:409,270 Joined:Dec 2009	Message Posted: May 10, 2012 8:25:53 AM Ignore generok Report Abuse AWESOME!!! Raw data rocks!
jony Champion Author Florida Posts:7,336 Points:1,634,515 Joined:May 2006	Message Posted: May 10, 2012 8:25:27 AM Ignore jony Report Abuse energy policy?? LOL not with this administration
PhilMils Champion Author Virginia Posts:6,264 Points:1,186,390 Joined:Dec 2008	Message Posted: May 10, 2012 8:24:56 AM Ignore PhilMils Report Abuse It makes you wonder why the GB staff doesn't report the original news rather than reworking it into their blog entry.
36IHBinder Champion Author Illinois Posts:2,968 Points:645,040 Joined:Jun 2011	Message Posted: May 10, 2012 8:24:25 AM Ignore 36IHBinder Report Abuse We NEED an energy policy. Any politians listening?
Clits All-Star Author Louisiana Posts:866 Points:257,040 Joined:Mar 2005	Message Posted: May 10, 2012 8:23:54 AM Ignore Clits Report Abuse The refinery's let them drop. Price getting to low, we can't have that in Greedville.
kjSC Champion Author South Carolina Posts:3,377 Points:681,375 Joined:Apr 2011	Message Posted: May 10, 2012 8:23:34 AM Ignore kjSC Report Abuse Yes, old news.
Jakster All-Star Author Allentown Posts:980 Points:472,365 Joined:Mar 2005	Message Posted: May 10, 2012 8:23:17 AM Ignore Jakster Report Abuse Big oil manipulating the market to keep their profit up.
Rans35PG Champion Author Modesto Posts:2,470 Points:997,000 Joined:Oct 2008	Message Posted: May 10, 2012 8:23:11 AM Ignore Rans35PG Report Abuse Tomorrow will be different.
rippinusoff Champion Author Lexington Posts:7,418 Points:1,490,700 Joined:May 2007	Message Posted: May 10, 2012 8:23:01 AM Ignore rippinusoff Report Abuse yes, write an article that contradicts all the others that say consumption is down...
mazdaboy Champion Author Portland Posts:7,898 Points:2,100,205 Joined:Aug 2003	Message Posted: May 10, 2012 8:22:20 AM Ignore mazdaboy Report Abuse I had to be something.
flyfast Champion Author Kansas City Posts:9,263 Points:1,827,985 Joined:Jan 2008	Message Posted: May 10, 2012 8:22:19 AM Ignore flyfast Report Abuse gas was dropping so they come out with this
DerTaubman Champion Author Detroit Posts:7,323 Points:1,531,970 Joined:Jun 2007	Message Posted: May 10, 2012 8:21:46 AM Ignore DerTaubman Report Abuse Keeping the supply tight keeps prices up.
jci25946 Champion Author Tampa Posts:3,281 Points:942,715 Joined:Jan 2006	Message Posted: May 10, 2012 8:21:38 AM Ignore jci25946 Report Abuse Old article
SpruceGuse2 Champion Author Michigan Posts:9,746 Points:2,457,525 Joined:Mar 2006	Message Posted: May 10, 2012 8:20:29 AM Ignore SpruceGuse2 Report Abuse Just another excuse to jack up prices..................
cardjcsk Champion Author Toronto Posts:3,960 Points:1,875,365 Joined:Feb 2007	Message Posted: May 10, 2012 8:19:44 AM Ignore cardjcsk Report Abuse Is this why gas jumped at the pumps
Grandkid1 Champion Author Cincinnati Posts:1,285 Points:223,665 Joined:Mar 2012	Message Posted: May 10, 2012 8:19:37 AM Ignore Grandkid1 Report Abuse Hmmmmmmm
rnlunder Champion Author Waco Posts:2,321 Points:496,125 Joined:Apr 2011	Message Posted: May 10, 2012 8:19:25 AM Ignore rnlunder Report Abuse So just how long would those gasoline and oil inventories last??? How many barrels of oil and gasoline does the US use in a day? Unless you are a Speculator, these numbers are meaningless
braves89 Champion Author Chicago Posts:7,658 Points:1,632,435 Joined:Apr 2008	Message Posted: May 10, 2012 8:18:59 AM Ignore braves89 Report Abuse agree with digger5
Digger5 All-Star Author Milwaukee Posts:634 Points:1,523,870 Joined:Jun 2004	Message Posted: May 10, 2012 8:18:36 AM Ignore Digger5 Report Abuse Just another excuse to raise prices.
Bridge2012 All-Star Author Kansas Posts:913 Points:271,290 Joined:Jan 2012	Message Posted: May 10, 2012 8:18:05 AM Ignore Bridge2012 Report Abuse I see
memo81 Champion Author St. Louis Posts:2,363 Points:447,425 Joined:Feb 2012	Message Posted: May 10, 2012 8:17:36 AM Ignore memo81 Report Abuse Same ole thing
spotterFL Champion Author Florida Posts:4,121 Points:525,810 Joined:Aug 2009	Message Posted: May 10, 2012 8:16:31 AM Ignore spotterFL Report Abuse More crap.
rosyLI Champion Author Long Island Posts:5,650 Points:1,071,530 Joined:Apr 2010	Message Posted: May 10, 2012 8:16:04 AM Ignore rosyLI Report Abuse More waste of taxpayer fund on useless information.
ag4ever Veteran Author Houston Posts:311 Points:106,995 Joined:Mar 2012	Message Posted: May 10, 2012 8:16:02 AM Ignore ag4ever Report Abuse Good thing we are selling refineries to airlines now
lkozark Champion Author Missouri Posts:5,140 Points:1,368,335 Joined:Jul 2007	Message Posted: May 10, 2012 8:15:16 AM Ignore lkozark Report Abuse Oil inventory up 2.5% over last year and refineries are only at 86% capacity. Tells you where the bottleneck is and why prices remain up.
SUPPER Champion Author San Bernardino Posts:2,480 Points:1,290,510 Joined:Dec 2004	Message Posted: May 10, 2012 8:15:00 AM Ignore SUPPER Report Abuse Old news
survken Champion Author Indiana Posts:2,497 Points:439,030 Joined:Jul 2010	Message Posted: May 10, 2012 8:14:45 AM Ignore survken Report Abuse Who's counting?
mossimo36 Champion Author St. Louis Posts:2,684 Points:499,675 Joined:Sep 2011	Message Posted: May 10, 2012 8:14:34 AM Ignore mossimo36 Report Abuse ok
Rednix Champion Author Miami Posts:6,168 Points:1,277,685 Joined:Jul 2009	Message Posted: May 10, 2012 8:14:27 AM Ignore Rednix Report Abuse Let's get the inventory up.
I10Express Champion Author San Antonio Posts:8,679 Points:1,641,920 Joined:Nov 2008	Message Posted: May 10, 2012 8:14:18 AM Ignore I10Express Report Abuse If you don't refine the oil, refined product like gas supplies drop. Of course this is government counting.
AriesMMD Champion Author Sacramento Posts:1,496 Points:413,940 Joined:Dec 2011	Message Posted: May 10, 2012 8:13:47 AM Ignore AriesMMD Report Abuse And people say they don't know what they're doing.
rick_evans Champion Author Boston Posts:3,734 Points:1,035,660 Joined:Aug 2005	Message Posted: May 10, 2012 8:13:21 AM Ignore rick_evans Report Abuse rehash
albert2008 Champion Author Winnipeg Posts:7,362 Points:1,482,960 Joined:Sep 2008	Message Posted: May 10, 2012 8:12:05 AM Ignore albert2008 Report Abuse not good
checkum Champion Author St. Louis Posts:7,606 Points:1,476,275 Joined:Jan 2008	Message Posted: May 10, 2012 8:12:04 AM Ignore checkum Report Abuse you can't get gas inventories up with refineries closing, and those open, only operating at 80%. Oh, that's right, big oil knows that.
savannahoaks Champion Author Rockford Posts:2,707 Points:637,185 Joined:Mar 2011	Message Posted: May 10, 2012 8:11:58 AM Ignore savannahoaks Report Abuse With higher inventories and higher prices than last year, they'll have to look for another reason than supply and demand.
Drill4Petro Champion Author Illinois Posts:4,096 Points:1,017,135 Joined:May 2010	Message Posted: May 10, 2012 8:11:48 AM Ignore Drill4Petro Report Abuse More crude inventory and less gasoline inventory = the need for more refineries.
1stClicker Champion Author Texas Posts:5,326 Points:2,245,495 Joined:Oct 2005	Message Posted: May 10, 2012 8:11:48 AM Ignore 1stClicker Report Abuse A reason for them to raise prices this summer.
cookined Champion Author Maine Posts:3,990 Points:2,231,845 Joined:Oct 2005	Message Posted: May 10, 2012 8:11:16 AM Ignore cookined Report Abuse More BS
mediccoy Champion Author North Carolina Posts:11,926 Points:2,314,030 Joined:May 2006	Message Posted: May 10, 2012 8:10:38 AM Ignore mediccoy Report Abuse Just more statistics for thought.
fxb1 Champion Author Louisiana Posts:2,533 Points:607,735 Joined:Mar 2011	Message Posted: May 10, 2012 8:10:18 AM Ignore fxb1 Report Abuse we will see
weenerdog Champion Author Detroit Posts:9,471 Points:1,886,840 Joined:Jan 2008	Message Posted: May 10, 2012 8:09:14 AM Ignore weenerdog Report Abuse and...
GPD1739P Champion Author Illinois Posts:2,530 Points:727,330 Joined:Feb 2011	Message Posted: May 10, 2012 8:09:14 AM Ignore GPD1739P Report Abuse It's all about the numbers...
DaisysMomNC All-Star Author North Carolina Posts:959 Points:200,850 Joined:Jan 2012	Message Posted: May 10, 2012 8:09:05 AM Ignore DaisysMomNC Report Abuse Who knows what that means at the pump?!
TAT36 Champion Author Florida Posts:6,814 Points:1,305,950 Joined:Sep 2009	Message Posted: May 10, 2012 8:08:33 AM Ignore TAT36 Report Abuse Oil inventories are up. Gas inventories are down. Unless you look at the same time last year then they are up. Does any one really know. Just askin.
abuck Champion Author Pittsburgh Posts:8,594 Points:1,530,975 Joined:Jul 2008	Message Posted: May 10, 2012 8:08:12 AM Ignore abuck Report Abuse Not really surprised by any of these reports anymore...
lsb1955 Champion Author Salt Lake City Posts:2,043 Points:521,745 Joined:Aug 2011	Message Posted: May 10, 2012 8:07:35 AM Ignore lsb1955 Report Abuse =price increase