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EIA: Rise in gasoline inventories offset decrease in crude inventories

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 decreased by 4.7 million barrels to a total of 378.2 million barrels. At 378.2 million barrels, inventories are 22.7 million barrels above last year (6.4%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories increased by 2.8 million barrels to 207.7 million barrels. At 207.7 million barrels, inventories are down 4.0 million barrels, or 1.9% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.1mb); Midwest...

Read the Full Article

Submitted Jul 11, 2012 By: PD
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albert2008
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Message Posted: Jul 17, 2012 5:40:59 AM
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thats good
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honda0105
Champion Author Tallahassee

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Message Posted: Jul 17, 2012 2:56:38 AM
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Lily: it's no longer as close to the surface.
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Lilly02
Champion Author Rockford

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Message Posted: Jul 16, 2012 11:57:01 AM
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I don't understand. Oil still comes out of the ground the same as 50 years ago. Why dose it cost so much today.
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albert2008
Champion Author Winnipeg

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Message Posted: Jul 16, 2012 6:13:47 AM
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thats nice
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stonecold5005
All-Star Author Waco

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good
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honda0105
Champion Author Tallahassee

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Message Posted: Jul 16, 2012 2:41:01 AM
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indeed albert. It always does, desn't it?
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albert2008
Champion Author Winnipeg

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Message Posted: Jul 15, 2012 5:43:24 AM
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time will tell all
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honda0105
Champion Author Tallahassee

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Message Posted: Jul 15, 2012 4:55:17 AM
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which means prices SHOULD be falling... but they're not. The usual summer game played by Pig Oil.
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Soglaos
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repeat
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CapriceWagon
All-Star Author Washington

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Message Posted: Jul 12, 2012 11:55:51 AM
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And all this means? Something changed, better jack the prices
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SUV2009
Champion Author Orlando

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Message Posted: Jul 12, 2012 11:02:11 AM
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Good info.
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sparky808
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Thank you for posting.
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bart_reed
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Message Posted: Jul 12, 2012 8:12:31 AM
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This doesn't make a difference at the pump.
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cricket48750
All-Star Author Michigan

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Message Posted: Jul 12, 2012 7:27:23 AM
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Inventories up, prices up - the system does not work!
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techque
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Message Posted: Jul 12, 2012 7:01:32 AM
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so why have petroterrorist retail gougers around here jacked prices 26 cents/gallon in the lat 10 days ??
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firedudette
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ok
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teamsimons
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We commented on this yesterday...
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ss70
Champion Author Detroit

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Message Posted: Jul 12, 2012 6:59:53 AM
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For the economy we have Gas should be below 2.50 for sure but traders make money whatever is the situation
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lonewolfhead
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It is up need to go down tell Obama to tell speculators
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Liberty2000
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Message Posted: Jul 12, 2012 6:59:35 AM
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Uh huh!
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SpankyMI
Champion Author Kalamazoo

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Message Posted: Jul 12, 2012 6:59:34 AM
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Up and down, watch the bouncing oil barrel.
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LostAgain2009
Champion Author New Mexico

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Message Posted: Jul 12, 2012 6:59:01 AM
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And still pump prices are increasing.
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Susieq60
All-Star Author Columbus

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Message Posted: Jul 12, 2012 6:57:48 AM
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and, of course, our gasoline prices will rise
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Heltonw
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Message Posted: Jul 12, 2012 6:56:22 AM
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Drill here and refine here.
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mberg
Champion Author Houston

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Message Posted: Jul 12, 2012 6:55:57 AM
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Read this yesterday.
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LoadToad
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Sell at home instead of exporting.
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silverfoxv65
Champion Author Michigan

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Message Posted: Jul 12, 2012 6:54:58 AM
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People just keep on making less and less money!

They just can not pay these prices.
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PettyEddie2012
Champion Author New York City

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Message Posted: Jul 12, 2012 6:54:15 AM
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Gasoline inventory in my cars' gas tanks rose this week.

Point?

Equally USELESS information!
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diegotoad
Champion Author Maryland

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Message Posted: Jul 12, 2012 6:54:10 AM
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Still will result in higher gas prices.
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paulp24
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Message Posted: Jul 12, 2012 6:54:04 AM
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ok
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dopster
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Message Posted: Jul 12, 2012 6:53:57 AM
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Just keep decreasing the price at the pump!
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ciimike
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Message Posted: Jul 12, 2012 6:53:29 AM
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Thanks for the info.
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momof5MN
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Message Posted: Jul 12, 2012 6:52:57 AM
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Yesterday's news.
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photobuddy
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Message Posted: Jul 12, 2012 6:52:40 AM
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Crude oil inventories are down but this is countered by the fact that refined inventories are up. My guess is this is no reason for prices to increase as the companies still have more then before.
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Tutootin
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Message Posted: Jul 12, 2012 6:52:13 AM
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Yesterday's article...AGAIN!!!!!
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k2kipp
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Nothing but legal fraud!
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olebufnav
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What a mess.
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Daddy16
Veteran Author Fort Wayne

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Message Posted: Jul 12, 2012 6:50:39 AM
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so....
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doncNJ
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Message Posted: Jul 12, 2012 6:47:02 AM
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Gas inventory is up but so are the pump prices.
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Sam195
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Message Posted: Jul 12, 2012 6:46:07 AM
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Sounds like it all evens out.
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PaylessKY
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Message Posted: Jul 12, 2012 6:45:51 AM
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It takes crude oil to make gasoline, so if its not replenished, it would reduce it.
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mikerroy
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Message Posted: Jul 12, 2012 6:45:22 AM
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Ok
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sit
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Message Posted: Jul 12, 2012 6:44:20 AM
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OK
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slgas
Champion Author Houston

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Message Posted: Jul 12, 2012 6:43:54 AM
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And the long term trend that should really concern us is....?
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truckpdlr
Champion Author Tucson

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Message Posted: Jul 12, 2012 6:43:19 AM
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We are all saving more fuel
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DABEE1073
Champion Author San Diego

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Message Posted: Jul 12, 2012 6:43:06 AM
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SO PUMP MORE CRUDE!!
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caddilac
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Message Posted: Jul 12, 2012 6:43:05 AM
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Up down, up down.........
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BANKIS2
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Hm
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nskmda
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Message Posted: Jul 12, 2012 6:41:42 AM
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offset? really?
the price of gas only going up and up...
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matt431
Rookie Author Phoenix

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it use to be,if you conserved you would be rewarded,now you get punished
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