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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...

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Submitted Mar 06, 2013 By: PD

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WanderDan All-Star Author Dayton Posts:591 Points:145,210 Joined:Nov 2012	Message Posted: Mar 20, 2013 5:41:21 PM Ignore WanderDan Report Abuse thieves wearing suits... protected and give subsides of our money by the gov
pawnkingfour All-Star Author Georgia Posts:571 Points:142,740 Joined:Dec 2011	Message Posted: Mar 19, 2013 9:14:09 PM Ignore pawnkingfour Report Abuse Another gasoline supply cycle. Another way for refineries to raise prices as the pump. Same ole' story!
WanderDan All-Star Author Dayton Posts:591 Points:145,210 Joined:Nov 2012	Message Posted: Mar 19, 2013 6:16:53 PM Ignore WanderDan Report Abuse this is an old story... and an old excuse for them to raise prices...
FuelBarge Champion Author Long Island Posts:9,205 Points:2,077,265 Joined:Aug 2005	Message Posted: Mar 12, 2013 12:03:13 PM Ignore FuelBarge Report Abuse 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 Veteran Author Toledo Posts:460 Points:54,565 Joined:Oct 2008	Message Posted: Mar 10, 2013 9:30:59 PM Ignore snapper06 Report Abuse 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 Veteran Author Toledo Posts:460 Points:54,565 Joined:Oct 2008	Message Posted: Mar 10, 2013 9:30:26 PM Ignore snapper06 Report Abuse 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 Veteran Author Toledo Posts:460 Points:54,565 Joined:Oct 2008	Message Posted: Mar 10, 2013 9:29:28 PM Ignore snapper06 Report Abuse 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:591 Points:145,210 Joined:Nov 2012	Message Posted: Mar 7, 2013 8:45:42 PM Ignore WanderDan Report Abuse thieves
DriverDave Champion Author Twin Cities Posts:9,925 Points:1,374,995 Joined:Jul 2004	Message Posted: Mar 7, 2013 1:59:31 PM Ignore DriverDave Report Abuse 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:6,973 Points:2,118,590 Joined:May 2006	Message Posted: Mar 7, 2013 12:25:00 PM Ignore remay Report Abuse Provide charts or histograms, or SOMETHING better than just numbers!
ss70 Champion Author Detroit Posts:9,669 Points:1,871,075 Joined:Sep 2005	Message Posted: Mar 7, 2013 10:51:58 AM Ignore ss70 Report Abuse Time for feds to act on these refineries ... Some of the maintenance schedules are highly doubtful.
OldMan322 Champion Author Illinois Posts:5,160 Points:1,595,715 Joined:Jul 2008	Message Posted: Mar 7, 2013 9:19:30 AM Ignore OldMan322 Report Abuse This weeks lying numbers
streetdesign All-Star Author Illinois Posts:546 Points:576,720 Joined:May 2011	Message Posted: Mar 7, 2013 8:33:23 AM Ignore streetdesign Report Abuse 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:2,597 Points:518,420 Joined:Aug 2010	Message Posted: Mar 7, 2013 8:01:51 AM Ignore dr047 Report Abuse Refiners at work adjusting profits.
gravityhurts Champion Author North Carolina Posts:4,098 Points:938,480 Joined:Sep 2008	Message Posted: Mar 7, 2013 7:12:12 AM Ignore gravityhurts Report Abuse This must be an old story, prices are down here.
cheapertvs Champion Author Richmond Posts:10,290 Points:2,742,695 Joined:Jan 2004	Message Posted: Mar 7, 2013 6:01:22 AM Ignore cheapertvs Report Abuse I cannot wait to see the price of $ 0.29 per gallon posted at the pump.
LeeFree Champion Author Pittsburgh Posts:9,156 Points:2,244,425 Joined:Jun 2005	Message Posted: Mar 7, 2013 5:58:47 AM Ignore LeeFree Report Abuse Dropped a nickel here in the past two days.
Ferdman17 Champion Author Albany Posts:1,293 Points:375,510 Joined:Feb 2012	Message Posted: Mar 7, 2013 5:58:44 AM Ignore Ferdman17 Report Abuse Still the same story, high inventory and still higher prices
epf Champion Author Grand Rapids Posts:6,339 Points:1,892,330 Joined:May 2004	Message Posted: Mar 7, 2013 5:58:43 AM Ignore epf Report Abuse Can not help but think this refinery thing is not part of a larger strategy to keep pricing higher.
forderjunk Champion Author Maine Posts:10,643 Points:2,173,710 Joined:Sep 2005	Message Posted: Mar 7, 2013 5:56:59 AM Ignore forderjunk Report Abuse Higher gas prices.
Blue_Cruzer Champion Author Lexington Posts:7,525 Points:1,670,560 Joined:Mar 2007	Message Posted: Mar 7, 2013 5:56:19 AM Ignore Blue_Cruzer Report Abuse It's that time again.
Petrock Champion Author Lexington Posts:9,128 Points:2,558,735 Joined:Apr 2005	Message Posted: Mar 7, 2013 5:55:28 AM Ignore Petrock Report Abuse Time to gas prices to take off once again - 45 days up, 3 days level, 45 more days up.
OriginalBudman Champion Author Barrie Posts:11,083 Points:2,250,395 Joined:Apr 2006	Message Posted: Mar 7, 2013 5:55:19 AM Ignore OriginalBudman Report Abuse Another excuse for jacking prices.
BoerneWatch Champion Author San Antonio Posts:15,546 Points:2,454,915 Joined:Oct 2005	Message Posted: Mar 7, 2013 5:54:42 AM Ignore BoerneWatch Report Abuse 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:1,263 Points:253,330 Joined:Aug 2012	Message Posted: Mar 7, 2013 5:54:34 AM Ignore chuckohio Report Abuse Switch over to summer blends
sappie Champion Author Massachusetts Posts:3,506 Points:586,820 Joined:Jul 2010	Message Posted: Mar 7, 2013 5:50:43 AM Ignore sappie Report Abuse yet the prices are high.
PetroScopper Champion Author Houston Posts:6,632 Points:1,551,925 Joined:Aug 2008	Message Posted: Mar 7, 2013 5:48:48 AM Ignore PetroScopper Report Abuse 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:13,555 Points:2,718,750 Joined:Nov 2004	Message Posted: Mar 7, 2013 5:43:26 AM Ignore Lengas Report Abuse 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:2,457 Points:1,355,215 Joined:Sep 2008	Message Posted: Mar 7, 2013 5:42:27 AM Ignore jeff95519 Report Abuse same every year
wingryder92 Champion Author British Columbia Posts:5,687 Points:559,955 Joined:Apr 2011	Message Posted: Mar 7, 2013 5:41:48 AM Ignore wingryder92 Report Abuse This happens all the time just when a little relief is in sight.
stpetebp Champion Author Tampa Posts:6,227 Points:1,733,555 Joined:Nov 2007	Message Posted: Mar 7, 2013 5:40:18 AM Ignore stpetebp Report Abuse Unlikely excuse
kirzon484 Champion Author Atlanta Posts:1,871 Points:434,260 Joined:Jun 2011	Message Posted: Mar 7, 2013 5:40:13 AM Ignore kirzon484 Report Abuse refineries
Beau2140 Champion Author New York Posts:8,301 Points:1,658,135 Joined:Oct 2008	Message Posted: Mar 7, 2013 5:38:44 AM Ignore Beau2140 Report Abuse Another reason to raise pricesat the pump.
WEB0153 All-Star Author Maryland Posts:804 Points:157,000 Joined:Dec 2012	Message Posted: Mar 7, 2013 5:38:21 AM Ignore WEB0153 Report Abuse Ok
Foxt Champion Author Minnesota Posts:5,265 Points:2,021,305 Joined:Jul 2006	Message Posted: Mar 7, 2013 5:38:08 AM Ignore Foxt Report Abuse Duh!
twt Champion Author Virginia Beach Posts:8,740 Points:998,610 Joined:Mar 2005	Message Posted: Mar 7, 2013 5:36:11 AM Ignore twt Report Abuse Nothing new, here.
BEngr Champion Author Illinois Posts:6,722 Points:1,582,115 Joined:May 2008	Message Posted: Mar 7, 2013 5:35:44 AM Ignore BEngr Report Abuse There seems to be a disconnect between the price at the pump and inventories.
Tru2psu2 Champion Author Winston-Salem Posts:14,481 Points:1,556,605 Joined:Feb 2004	Message Posted: Mar 7, 2013 5:34:07 AM Ignore Tru2psu2 Report Abuse ouch!
gabbygusIN Champion Author Indiana Posts:7,241 Points:1,560,850 Joined:Oct 2008	Message Posted: Mar 7, 2013 5:33:59 AM Ignore gabbygusIN Report Abuse Spring and Fall maintenance... happens every year!!
djgunrunner Champion Author Salt Lake City Posts:10,104 Points:2,349,580 Joined:Apr 2005	Message Posted: Mar 7, 2013 5:33:58 AM Ignore djgunrunner Report Abuse 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 All-Star Author Ontario Posts:936 Points:776,735 Joined:May 2010	Message Posted: Mar 7, 2013 5:33:34 AM Ignore jobo74 Report Abuse will it make a difference???
jacob5066 Champion Author College Station Posts:1,848 Points:431,565 Joined:Feb 2012	Message Posted: Mar 7, 2013 5:31:56 AM Ignore jacob5066 Report Abuse Happens each year
neptune2008 Champion Author Michigan Posts:8,578 Points:1,670,700 Joined:Aug 2008	Message Posted: Mar 7, 2013 5:30:58 AM Ignore neptune2008 Report Abuse old and sick
isem Champion Author Missouri Posts:1,931 Points:424,160 Joined:Feb 2012	Message Posted: Mar 7, 2013 5:30:06 AM Ignore isem Report Abuse Annual event, get used to it and get over it.
ILVET Champion Author Illinois Posts:14,799 Points:2,926,590 Joined:Jan 2005	Message Posted: Mar 7, 2013 5:28:55 AM Ignore ILVET Report Abuse Can we move on please
raccoon2011 Champion Author Massachusetts Posts:1,399 Points:353,000 Joined:Aug 2011	Message Posted: Mar 7, 2013 5:28:12 AM Ignore raccoon2011 Report Abuse old news
abacus44 Champion Author Toms River Posts:3,490 Points:749,690 Joined:Jan 2011	Message Posted: Mar 7, 2013 5:27:04 AM Ignore abacus44 Report Abuse OK
toolman3md All-Star Author Maryland Posts:533 Points:357,230 Joined:Apr 2012	Message Posted: Mar 7, 2013 5:26:08 AM Ignore toolman3md Report Abuse This happens every year.
D4444J Champion Author Albuquerque Posts:1,844 Points:589,855 Joined:Aug 2011	Message Posted: Mar 7, 2013 5:26:02 AM Ignore D4444J Report Abuse The report defies logic.
aburns20 Champion Author Virginia Beach Posts:3,266 Points:675,230 Joined:Dec 2010	Message Posted: Mar 7, 2013 5:25:56 AM Ignore aburns20 Report Abuse 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]