Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:54 PM

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
Profile Pic
WanderDan
All-Star Author Dayton

Posts:670
Points:413,835
Joined:Nov 2012
Message Posted: Mar 20, 2013 12:41:21 PM

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

Posts:1,747
Points:549,840
Joined:Dec 2011
Message Posted: Mar 19, 2013 4:14:09 PM

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

Posts:670
Points:413,835
Joined:Nov 2012
Message Posted: Mar 19, 2013 1:16:53 PM

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

Posts:12,011
Points:2,731,700
Joined:Aug 2005
Message Posted: Mar 12, 2013 7:03:13 AM

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.
Profile Pic
snapper06
Champion Author Toledo

Posts:3,226
Points:383,030
Joined:Oct 2008
Message Posted: Mar 10, 2013 4:30:59 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
Profile Pic
snapper06
Champion Author Toledo

Posts:3,226
Points:383,030
Joined:Oct 2008
Message Posted: Mar 10, 2013 4:30:26 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
Profile Pic
snapper06
Champion Author Toledo

Posts:3,226
Points:383,030
Joined:Oct 2008
Message Posted: Mar 10, 2013 4:29:28 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.
Profile Pic
WanderDan
All-Star Author Dayton

Posts:670
Points:413,835
Joined:Nov 2012
Message Posted: Mar 7, 2013 3:45:42 PM

thieves
Profile Pic
DriverDave
Champion Author Twin Cities

Posts:10,571
Points:1,881,490
Joined:Jul 2004
Message Posted: Mar 7, 2013 8:59:31 AM

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.
Profile Pic
remay
Champion Author Houston

Posts:9,520
Points:2,761,340
Joined:May 2006
Message Posted: Mar 7, 2013 7:25:00 AM

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

Posts:13,046
Points:2,488,655
Joined:Sep 2005
Message Posted: Mar 7, 2013 5:51:58 AM

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

Posts:10,432
Points:2,249,180
Joined:Jul 2008
Message Posted: Mar 7, 2013 4:19:30 AM

This weeks lying numbers
Profile Pic
streetdesign
Champion Author Illinois

Posts:3,029
Points:1,216,125
Joined:May 2011
Message Posted: Mar 7, 2013 3:33:23 AM

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

Posts:5,084
Points:1,107,865
Joined:Aug 2010
Message Posted: Mar 7, 2013 3:01:51 AM


Refiners at work adjusting profits.
Profile Pic
gravityhurts
Champion Author North Carolina

Posts:5,625
Points:1,523,445
Joined:Sep 2008
Message Posted: Mar 7, 2013 2:12:12 AM

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

Posts:13,157
Points:3,397,295
Joined:Jan 2004
Message Posted: Mar 7, 2013 1:01:22 AM

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

Posts:11,873
Points:2,889,800
Joined:Jun 2005
Message Posted: Mar 7, 2013 12:58:47 AM

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

Posts:3,889
Points:1,022,005
Joined:Feb 2012
Message Posted: Mar 7, 2013 12:58:44 AM

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

Posts:9,106
Points:2,542,770
Joined:May 2004
Message Posted: Mar 7, 2013 12:58:43 AM

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

Posts:10,656
Points:2,188,895
Joined:Sep 2005
Message Posted: Mar 7, 2013 12:56:59 AM

Higher gas prices.
Profile Pic
Blue_Cruzer
Champion Author Lexington

Posts:8,894
Points:1,942,465
Joined:Mar 2007
Message Posted: Mar 7, 2013 12:56:19 AM

It's that time again.
Profile Pic
Petrock
Champion Author Lexington

Posts:11,903
Points:3,213,335
Joined:Apr 2005
Message Posted: Mar 7, 2013 12:55:28 AM

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

Posts:12,477
Points:2,820,375
Joined:Apr 2006
Message Posted: Mar 7, 2013 12:55:19 AM

Another excuse for jacking prices.
Profile Pic
BoerneWatch
Champion Author San Antonio

Posts:18,452
Points:3,109,515
Joined:Oct 2005
Message Posted: Mar 7, 2013 12:54:42 AM

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

Posts:3,838
Points:873,830
Joined:Aug 2012
Message Posted: Mar 7, 2013 12:54:34 AM

Switch over to summer blends
Profile Pic
sappie
Champion Author Massachusetts

Posts:6,083
Points:1,228,665
Joined:Jul 2010
Message Posted: Mar 7, 2013 12:50:43 AM

yet the prices are high.
Profile Pic
PetroScopper
Champion Author Houston

Posts:9,344
Points:2,200,120
Joined:Aug 2008
Message Posted: Mar 7, 2013 12:48:48 AM

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

Posts:16,485
Points:3,373,350
Joined:Nov 2004
Message Posted: Mar 7, 2013 12:43:26 AM

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

Posts:5,156
Points:2,006,525
Joined:Sep 2008
Message Posted: Mar 7, 2013 12:42:27 AM

same every year
Profile Pic
wingryder92
Champion Author British Columbia

Posts:9,828
Points:1,208,830
Joined:Apr 2011
Message Posted: Mar 7, 2013 12:41:48 AM

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

Posts:7,590
Points:2,305,935
Joined:Nov 2007
Message Posted: Mar 7, 2013 12:40:18 AM

Unlikely excuse
Profile Pic
kirzon484
Champion Author Atlanta

Posts:4,532
Points:1,076,900
Joined:Jun 2011
Message Posted: Mar 7, 2013 12:40:13 AM

refineries
Profile Pic
Beau2140
Champion Author New York

Posts:10,986
Points:2,297,485
Joined:Oct 2008
Message Posted: Mar 7, 2013 12:38:44 AM

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

Posts:3,334
Points:798,910
Joined:Dec 2012
Message Posted: Mar 7, 2013 12:38:21 AM

Ok
Profile Pic
Foxt
Champion Author Minnesota

Posts:7,972
Points:2,668,785
Joined:Jul 2006
Message Posted: Mar 7, 2013 12:38:08 AM

Duh!
Profile Pic
twt
Champion Author Virginia Beach

Posts:13,113
Points:1,636,085
Joined:Mar 2005
Message Posted: Mar 7, 2013 12:36:11 AM

Nothing new, here.
Profile Pic
BEngr
Champion Author Illinois

Posts:9,535
Points:2,227,315
Joined:May 2008
Message Posted: Mar 7, 2013 12:35:44 AM

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

Posts:17,844
Points:2,159,800
Joined:Feb 2004
Message Posted: Mar 7, 2013 12:34:07 AM

ouch!
Profile Pic
gabbygusIN
Champion Author Indiana

Posts:10,001
Points:2,215,100
Joined:Oct 2008
Message Posted: Mar 7, 2013 12:33:59 AM

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

Posts:13,030
Points:2,997,810
Joined:Apr 2005
Message Posted: Mar 7, 2013 12:33:58 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.
Profile Pic
jobo74
Champion Author Ontario

Posts:2,305
Points:1,333,420
Joined:May 2010
Message Posted: Mar 7, 2013 12:33:34 AM

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

Posts:4,615
Points:1,086,165
Joined:Feb 2012
Message Posted: Mar 7, 2013 12:31:56 AM

Happens each year
Profile Pic
neptune2008
Champion Author Michigan

Posts:10,371
Points:2,229,555
Joined:Aug 2008
Message Posted: Mar 7, 2013 12:30:58 AM

old and sick
Profile Pic
isem
Champion Author Missouri

Posts:4,694
Points:1,078,840
Joined:Feb 2012
Message Posted: Mar 7, 2013 12:30:06 AM

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

Posts:17,705
Points:3,578,220
Joined:Jan 2005
Message Posted: Mar 7, 2013 12:28:55 AM

Can we move on please
Profile Pic
raccoon2011
Champion Author Massachusetts

Posts:4,165
Points:1,002,090
Joined:Aug 2011
Message Posted: Mar 7, 2013 12:28:12 AM

old news
Profile Pic
abacus44
Champion Author Toms River

Posts:6,063
Points:1,391,365
Joined:Jan 2011
Message Posted: Mar 7, 2013 12:27:04 AM

OK
Profile Pic
toolman3md
Champion Author Maryland

Posts:2,995
Points:981,175
Joined:Apr 2012
Message Posted: Mar 7, 2013 12:26:08 AM

This happens every year.
Profile Pic
D4444J
Champion Author Albuquerque

Posts:4,544
Points:1,229,935
Joined:Aug 2011
Message Posted: Mar 7, 2013 12:26:02 AM

The report defies logic.
Profile Pic
aburns20
Champion Author Virginia Beach

Posts:5,887
Points:1,314,545
Joined:Dec 2010
Message Posted: Mar 7, 2013 12:25:56 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]
Post a reply Back to Topics