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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:603 Points:161,535 Joined:Nov 2012	Message Posted: Mar 20, 2013 11:41:21 AM Ignore WanderDan Report Abuse thieves wearing suits... protected and give subsides of our money by the gov
pawnkingfour All-Star Author Georgia Posts:681 Points:167,700 Joined:Dec 2011	Message Posted: Mar 19, 2013 3:14:09 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:603 Points:161,535 Joined:Nov 2012	Message Posted: Mar 19, 2013 12:16:53 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:9,335 Points:2,103,015 Joined:Aug 2005	Message Posted: Mar 12, 2013 6:03:13 AM 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 All-Star Author Toledo Posts:748 Points:79,165 Joined:Oct 2008	Message Posted: Mar 10, 2013 3:30:59 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 All-Star Author Toledo Posts:748 Points:79,165 Joined:Oct 2008	Message Posted: Mar 10, 2013 3:30:26 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 All-Star Author Toledo Posts:748 Points:79,165 Joined:Oct 2008	Message Posted: Mar 10, 2013 3:29:28 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:603 Points:161,535 Joined:Nov 2012	Message Posted: Mar 7, 2013 2:45:42 PM Ignore WanderDan Report Abuse thieves
DriverDave Champion Author Twin Cities Posts:9,963 Points:1,395,455 Joined:Jul 2004	Message Posted: Mar 7, 2013 7:59:31 AM 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:7,078 Points:2,143,215 Joined:May 2006	Message Posted: Mar 7, 2013 6:25:00 AM Ignore remay Report Abuse Provide charts or histograms, or SOMETHING better than just numbers!
ss70 Champion Author Detroit Posts:9,930 Points:1,896,225 Joined:Sep 2005	Message Posted: Mar 7, 2013 4:51:58 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:5,282 Points:1,621,155 Joined:Jul 2008	Message Posted: Mar 7, 2013 3:19:30 AM Ignore OldMan322 Report Abuse This weeks lying numbers
streetdesign All-Star Author Illinois Posts:672 Points:602,350 Joined:May 2011	Message Posted: Mar 7, 2013 2:33:23 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:2,726 Points:542,445 Joined:Aug 2010	Message Posted: Mar 7, 2013 2:01:51 AM Ignore dr047 Report Abuse Refiners at work adjusting profits.
gravityhurts Champion Author North Carolina Posts:4,229 Points:964,230 Joined:Sep 2008	Message Posted: Mar 7, 2013 1:12:12 AM Ignore gravityhurts Report Abuse This must be an old story, prices are down here.
cheapertvs Champion Author Richmond Posts:10,425 Points:2,768,445 Joined:Jan 2004	Message Posted: Mar 7, 2013 12:01:22 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:9,286 Points:2,270,175 Joined:Jun 2005	Message Posted: Mar 6, 2013 11:58:47 PM Ignore LeeFree Report Abuse Dropped a nickel here in the past two days.
Ferdman17 Champion Author Albany Posts:1,420 Points:401,035 Joined:Feb 2012	Message Posted: Mar 6, 2013 11:58:44 PM Ignore Ferdman17 Report Abuse Still the same story, high inventory and still higher prices
epf Champion Author Grand Rapids Posts:6,469 Points:1,918,060 Joined:May 2004	Message Posted: Mar 6, 2013 11:58:43 PM 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:2,180,910 Joined:Sep 2005	Message Posted: Mar 6, 2013 11:56:59 PM Ignore forderjunk Report Abuse Higher gas prices.
Blue_Cruzer Champion Author Lexington Posts:7,660 Points:1,697,285 Joined:Mar 2007	Message Posted: Mar 6, 2013 11:56:19 PM Ignore Blue_Cruzer Report Abuse It's that time again.
Petrock Champion Author Lexington Posts:9,258 Points:2,584,485 Joined:Apr 2005	Message Posted: Mar 6, 2013 11:55:28 PM 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:11,214 Points:2,276,105 Joined:Apr 2006	Message Posted: Mar 6, 2013 11:55:19 PM Ignore OriginalBudman Report Abuse Another excuse for jacking prices.
BoerneWatch Champion Author San Antonio Posts:15,682 Points:2,480,665 Joined:Oct 2005	Message Posted: Mar 6, 2013 11:54:42 PM 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:1,389 Points:278,105 Joined:Aug 2012	Message Posted: Mar 6, 2013 11:54:34 PM Ignore chuckohio Report Abuse Switch over to summer blends
sappie Champion Author Massachusetts Posts:3,551 Points:608,770 Joined:Jul 2010	Message Posted: Mar 6, 2013 11:50:43 PM Ignore sappie Report Abuse yet the prices are high.
PetroScopper Champion Author Houston Posts:6,755 Points:1,576,660 Joined:Aug 2008	Message Posted: Mar 6, 2013 11:48:48 PM 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:13,693 Points:2,744,500 Joined:Nov 2004	Message Posted: Mar 6, 2013 11:43:26 PM 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:2,587 Points:1,380,965 Joined:Sep 2008	Message Posted: Mar 6, 2013 11:42:27 PM Ignore jeff95519 Report Abuse same every year
wingryder92 Champion Author British Columbia Posts:6,084 Points:585,705 Joined:Apr 2011	Message Posted: Mar 6, 2013 11:41:48 PM Ignore wingryder92 Report Abuse This happens all the time just when a little relief is in sight.
stpetebp Champion Author Tampa Posts:6,363 Points:1,759,305 Joined:Nov 2007	Message Posted: Mar 6, 2013 11:40:18 PM Ignore stpetebp Report Abuse Unlikely excuse
kirzon484 Champion Author Atlanta Posts:2,001 Points:460,010 Joined:Jun 2011	Message Posted: Mar 6, 2013 11:40:13 PM Ignore kirzon484 Report Abuse refineries
Beau2140 Champion Author New York Posts:8,431 Points:1,683,885 Joined:Oct 2008	Message Posted: Mar 6, 2013 11:38:44 PM Ignore Beau2140 Report Abuse Another reason to raise pricesat the pump.
WEB0153 All-Star Author Maryland Posts:947 Points:182,750 Joined:Dec 2012	Message Posted: Mar 6, 2013 11:38:21 PM Ignore WEB0153 Report Abuse Ok
Foxt Champion Author Minnesota Posts:5,395 Points:2,047,055 Joined:Jul 2006	Message Posted: Mar 6, 2013 11:38:08 PM Ignore Foxt Report Abuse Duh!
twt Champion Author Virginia Beach Posts:8,948 Points:1,022,735 Joined:Mar 2005	Message Posted: Mar 6, 2013 11:36:11 PM Ignore twt Report Abuse Nothing new, here.
BEngr Champion Author Illinois Posts:6,846 Points:1,606,740 Joined:May 2008	Message Posted: Mar 6, 2013 11:35:44 PM Ignore BEngr Report Abuse There seems to be a disconnect between the price at the pump and inventories.
Tru2psu2 Champion Author Winston-Salem Posts:14,628 Points:1,579,430 Joined:Feb 2004	Message Posted: Mar 6, 2013 11:34:07 PM Ignore Tru2psu2 Report Abuse ouch!
gabbygusIN Champion Author Indiana Posts:7,371 Points:1,586,600 Joined:Oct 2008	Message Posted: Mar 6, 2013 11:33:59 PM Ignore gabbygusIN Report Abuse Spring and Fall maintenance... happens every year!!
djgunrunner Champion Author Salt Lake City Posts:10,247 Points:2,375,330 Joined:Apr 2005	Message Posted: Mar 6, 2013 11:33:58 PM 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 Champion Author Ontario Posts:1,021 Points:800,460 Joined:May 2010	Message Posted: Mar 6, 2013 11:33:34 PM Ignore jobo74 Report Abuse will it make a difference???
jacob5066 Champion Author College Station Posts:1,978 Points:457,315 Joined:Feb 2012	Message Posted: Mar 6, 2013 11:31:56 PM Ignore jacob5066 Report Abuse Happens each year
neptune2008 Champion Author Michigan Posts:8,706 Points:1,696,225 Joined:Aug 2008	Message Posted: Mar 6, 2013 11:30:58 PM Ignore neptune2008 Report Abuse old and sick
isem Champion Author Missouri Posts:2,061 Points:449,910 Joined:Feb 2012	Message Posted: Mar 6, 2013 11:30:06 PM Ignore isem Report Abuse Annual event, get used to it and get over it.
ILVET Champion Author Illinois Posts:14,929 Points:2,952,190 Joined:Jan 2005	Message Posted: Mar 6, 2013 11:28:55 PM Ignore ILVET Report Abuse Can we move on please
raccoon2011 Champion Author Massachusetts Posts:1,529 Points:379,070 Joined:Aug 2011	Message Posted: Mar 6, 2013 11:28:12 PM Ignore raccoon2011 Report Abuse old news
abacus44 Champion Author Toms River Posts:3,600 Points:773,790 Joined:Jan 2011	Message Posted: Mar 6, 2013 11:27:04 PM Ignore abacus44 Report Abuse OK
toolman3md All-Star Author Maryland Posts:546 Points:380,390 Joined:Apr 2012	Message Posted: Mar 6, 2013 11:26:08 PM Ignore toolman3md Report Abuse This happens every year.
D4444J Champion Author Albuquerque Posts:1,978 Points:615,585 Joined:Aug 2011	Message Posted: Mar 6, 2013 11:26:02 PM Ignore D4444J Report Abuse The report defies logic.
aburns20 Champion Author Virginia Beach Posts:3,392 Points:700,005 Joined:Dec 2010	Message Posted: Mar 6, 2013 11:25:56 PM 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]