Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:06 AM

GasBuddy News Article

65
votes
Refinery production drops as maintenance season in high gear: EIA

GasBuddy Blog -- The Energy Information Administration released its weekly report on the status of petroleum inventories in the United States today.

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased by 3.8 million barrels to a total of 381.4 million barrels. At 381.4 million barrels, inventories are 35.7 million barrels above last year (10.3%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 0.6 million barrels to 227.9 million barrels. At 227.9 million barrels, inventories are down 1.7 million barrels, or 0.7% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.7mb); Midwest...


Read the Full Article

Submitted Mar 06, 2013 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Refinery production drops as maintenance season in high gear: EIA Back to Topics
REPLIES (newest first) Post a Reply
WanderDan
All-Star Author Dayton

Posts:670
Points:445,635
Joined:Nov 2012
Message Posted: Mar 20, 2013 5:41:21 PM

thieves wearing suits... protected and give subsides of our money by the gov
pawnkingfour
Champion Author Georgia

Posts:1,747
Points:615,840
Joined:Dec 2011
Message Posted: Mar 19, 2013 9:14:09 PM

Another gasoline supply cycle. Another way for refineries to raise prices as the pump. Same ole' story!
WanderDan
All-Star Author Dayton

Posts:670
Points:445,635
Joined:Nov 2012
Message Posted: Mar 19, 2013 6:16:53 PM

this is an old story... and an old excuse for them to raise prices...
FuelBarge
Champion Author Long Island

Posts:12,486
Points:2,849,925
Joined:Aug 2005
Message Posted: Mar 12, 2013 12:03:13 PM

This will of course cause gasoline prices to rise. The same issue as if the Keystone XL pipeline is built. It will be the same as taking refinery capacity offline since the refined products will not be sold in the United States.
snapper06
Champion Author Toledo

Posts:3,334
Points:391,530
Joined:Oct 2008
Message Posted: Mar 10, 2013 9:30:59 PM

Extremely bad planning stinks of corruption. As usual. Who with a conscience would run a business like this and expect any one to believe this stuff
snapper06
Champion Author Toledo

Posts:3,334
Points:391,530
Joined:Oct 2008
Message Posted: Mar 10, 2013 9:30:26 PM

Extremely bad planning stinks of corruption. As usual. Who with a conscience would run a business like this and expect any one to believe this crap
snapper06
Champion Author Toledo

Posts:3,334
Points:391,530
Joined:Oct 2008
Message Posted: Mar 10, 2013 9:29:28 PM

Extremely bad planning stinks of corruption. As usual. Who with a conscience would run a business like this and expect any one to believe this carp.
WanderDan
All-Star Author Dayton

Posts:670
Points:445,635
Joined:Nov 2012
Message Posted: Mar 7, 2013 8:45:42 PM

thieves
DriverDave
Champion Author Twin Cities

Posts:10,615
Points:1,957,345
Joined:Jul 2004
Message Posted: Mar 7, 2013 1:59:31 PM

To the "refiners at work manipulating prices higher" crowd: Do you have the first clue as to what it takes to run and operate a refinery? If not, sit down and drink a huge cup of STFU. If you do, then why are you complaining about it???

It's really very simple - Refineries are marvelous, complex, but also dangerous feats of engineering. They require annual maintenance in order for them to operate at peak efficiency, and they also cannot run at balls-to-the-wall 100% capacity.

Here's a question to the conspiracy theorists: Would you rather refiners do annual maintenance in Jan/Feb/Mar, when gas consumption is traditionally lowest for the year, or in June/July/August, in the middle of summer when gas consumption is at its highest? Oh, before answering, don't forget that a hurricane could take a third of our total refining capacity offline if it were to hit within 200 miles of the Houston/Galveston area.
remay
Champion Author Houston

Posts:9,975
Points:2,880,915
Joined:May 2006
Message Posted: Mar 7, 2013 12:25:00 PM

Provide charts or histograms, or SOMETHING better than just numbers!
ss70
Champion Author Detroit

Posts:13,561
Points:2,602,740
Joined:Sep 2005
Message Posted: Mar 7, 2013 10:51:58 AM

Time for feds to act on these refineries ... Some of the maintenance schedules are highly doubtful.
OldMan322
Champion Author Illinois

Posts:11,006
Points:2,362,120
Joined:Jul 2008
Message Posted: Mar 7, 2013 9:19:30 AM

This weeks lying numbers
streetdesign
Champion Author Illinois

Posts:3,458
Points:1,331,510
Joined:May 2011
Message Posted: Mar 7, 2013 8:33:23 AM

Crude prices taking a break but that won't last long if refineries are down. Summer crude prices here they come.
dr047
Champion Author Cleveland

Posts:5,543
Points:1,226,640
Joined:Aug 2010
Message Posted: Mar 7, 2013 8:01:51 AM


Refiners at work adjusting profits.
gravityhurts
Champion Author North Carolina

Posts:5,648
Points:1,622,005
Joined:Sep 2008
Message Posted: Mar 7, 2013 7:12:12 AM

This must be an old story, prices are down here.
cheapertvs
Champion Author Richmond

Posts:13,638
Points:3,516,520
Joined:Jan 2004
Message Posted: Mar 7, 2013 6:01:22 AM

I cannot wait to see the price of $ 0.29 per gallon posted at the pump.
LeeFree
Champion Author Pittsburgh

Posts:12,338
Points:3,009,025
Joined:Jun 2005
Message Posted: Mar 7, 2013 5:58:47 AM

Dropped a nickel here in the past two days.
Ferdman17
Champion Author Albany

Posts:4,327
Points:1,139,880
Joined:Feb 2012
Message Posted: Mar 7, 2013 5:58:44 AM

Still the same story, high inventory and still higher prices
epf
Champion Author Grand Rapids

Posts:9,572
Points:2,661,995
Joined:May 2004
Message Posted: Mar 7, 2013 5:58:43 AM

Can not help but think this refinery thing is not part of a larger strategy to keep pricing higher.
forderjunk
Champion Author Maine

Posts:10,656
Points:2,188,895
Joined:Sep 2005
Message Posted: Mar 7, 2013 5:56:59 AM

Higher gas prices.
Blue_Cruzer
Champion Author Lexington

Posts:8,894
Points:1,942,465
Joined:Mar 2007
Message Posted: Mar 7, 2013 5:56:19 AM

It's that time again.
Petrock
Champion Author Lexington

Posts:12,364
Points:3,331,335
Joined:Apr 2005
Message Posted: Mar 7, 2013 5:55:28 AM

Time to gas prices to take off once again - 45 days up, 3 days level, 45 more days up.
OriginalBudman
Champion Author Barrie

Posts:12,492
Points:2,911,450
Joined:Apr 2006
Message Posted: Mar 7, 2013 5:55:19 AM

Another excuse for jacking prices.
BoerneWatch
Champion Author San Antonio

Posts:18,941
Points:3,228,740
Joined:Oct 2005
Message Posted: Mar 7, 2013 5:54:42 AM

It is soooo nice to have a surplus of oil. Our oil and more being extracted from our lands each day and growing.
chuckohio
Champion Author Columbus

Posts:4,264
Points:986,450
Joined:Aug 2012
Message Posted: Mar 7, 2013 5:54:34 AM

Switch over to summer blends
sappie
Champion Author Massachusetts

Posts:6,265
Points:1,279,365
Joined:Jul 2010
Message Posted: Mar 7, 2013 5:50:43 AM

yet the prices are high.
PetroScopper
Champion Author Houston

Posts:9,807
Points:2,319,305
Joined:Aug 2008
Message Posted: Mar 7, 2013 5:48:48 AM

The refineries have had quite a bit to do with the rising prices. Maybe we should see them fall just a little now.
Lengas
Champion Author Gary

Posts:16,986
Points:3,491,350
Joined:Nov 2004
Message Posted: Mar 7, 2013 5:43:26 AM

Up the prices gooooooooooooo. Big Oil Manipilation, break up the monopoly and create competition between the oil co's, prices will drop then.
jeff95519
Champion Author California

Posts:5,621
Points:2,125,750
Joined:Sep 2008
Message Posted: Mar 7, 2013 5:42:27 AM

same every year
wingryder92
Champion Author British Columbia

Posts:10,298
Points:1,327,155
Joined:Apr 2011
Message Posted: Mar 7, 2013 5:41:48 AM

This happens all the time just when a little relief is in sight.
stpetebp
Champion Author Tampa

Posts:7,810
Points:2,399,985
Joined:Nov 2007
Message Posted: Mar 7, 2013 5:40:18 AM

Unlikely excuse
kirzon484
Champion Author Atlanta

Posts:4,990
Points:1,195,175
Joined:Jun 2011
Message Posted: Mar 7, 2013 5:40:13 AM

refineries
Beau2140
Champion Author New York

Posts:11,451
Points:2,416,710
Joined:Oct 2008
Message Posted: Mar 7, 2013 5:38:44 AM

Another reason to raise pricesat the pump.
WEB0153
Champion Author Maryland

Posts:3,803
Points:918,135
Joined:Dec 2012
Message Posted: Mar 7, 2013 5:38:21 AM

Ok
Foxt
Champion Author Minnesota

Posts:8,432
Points:2,786,785
Joined:Jul 2006
Message Posted: Mar 7, 2013 5:38:08 AM

Duh!
twt
Champion Author Virginia Beach

Posts:13,858
Points:1,753,510
Joined:Mar 2005
Message Posted: Mar 7, 2013 5:36:11 AM

Nothing new, here.
BEngr
Champion Author Illinois

Posts:10,003
Points:2,345,540
Joined:May 2008
Message Posted: Mar 7, 2013 5:35:44 AM

There seems to be a disconnect between the price at the pump and inventories.
Tru2psu2
Champion Author Winston-Salem

Posts:18,328
Points:2,277,800
Joined:Feb 2004
Message Posted: Mar 7, 2013 5:34:07 AM

ouch!
gabbygusIN
Champion Author Indiana

Posts:10,446
Points:2,333,425
Joined:Oct 2008
Message Posted: Mar 7, 2013 5:33:59 AM

Spring and Fall maintenance... happens every year!!
djgunrunner
Champion Author Salt Lake City

Posts:13,528
Points:3,117,035
Joined:Apr 2005
Message Posted: Mar 7, 2013 5:33:58 AM

The production might have dropped after the filled up every tank they could find and have plenty of product to carry them through the maintenance cycle while claiming they need to raise the price as they are not producing. Anyway that is my opinion and they can counter it but I think that the thinking of gouging the American public and anyone else they can get their grubby hooks into.
jobo74
Champion Author Ontario

Posts:2,542
Points:1,440,160
Joined:May 2010
Message Posted: Mar 7, 2013 5:33:34 AM

will it make a difference???
jacob5066
Champion Author College Station

Posts:5,083
Points:1,204,370
Joined:Feb 2012
Message Posted: Mar 7, 2013 5:31:56 AM

Happens each year
neptune2008
Champion Author Michigan

Posts:10,752
Points:2,338,315
Joined:Aug 2008
Message Posted: Mar 7, 2013 5:30:58 AM

old and sick
isem
Champion Author Missouri

Posts:5,159
Points:1,198,065
Joined:Feb 2012
Message Posted: Mar 7, 2013 5:30:06 AM

Annual event, get used to it and get over it.
ILVET
Champion Author Illinois

Posts:18,251
Points:3,697,445
Joined:Jan 2005
Message Posted: Mar 7, 2013 5:28:55 AM

Can we move on please
raccoon2011
Champion Author Massachusetts

Posts:4,632
Points:1,120,315
Joined:Aug 2011
Message Posted: Mar 7, 2013 5:28:12 AM

old news
abacus44
Champion Author Toms River

Posts:6,515
Points:1,509,255
Joined:Jan 2011
Message Posted: Mar 7, 2013 5:27:04 AM

OK
toolman3md
Champion Author Maryland

Posts:3,131
Points:1,039,950
Joined:Apr 2012
Message Posted: Mar 7, 2013 5:26:08 AM

This happens every year.
D4444J
Champion Author Albuquerque

Posts:5,005
Points:1,349,020
Joined:Aug 2011
Message Posted: Mar 7, 2013 5:26:02 AM

The report defies logic.
aburns20
Champion Author Virginia Beach

Posts:6,352
Points:1,430,770
Joined:Dec 2010
Message Posted: Mar 7, 2013 5:25:56 AM

Is this really why the prices are up at the pumps? I don't believe this is the major reason...

[Edited by: aburns20 at 3/7/2013 5:26:02 AM EST]
P H
Champion Author Albany

Posts:68,784
Points:3,178,860
Joined:Jan 2004
Message Posted: Mar 7, 2013 5:25:51 AM

Fact!
Post a reply Back to Topics