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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...


Read the Full Article

Submitted Mar 06, 2013 By: PD
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REPLIES (newest first) Post a Reply
WanderDan
All-Star Author Dayton

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Message Posted: Mar 20, 2013 3:41:21 PM

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

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Message Posted: Mar 19, 2013 7:14:09 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:454,035
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Message Posted: Mar 19, 2013 4:16:53 PM

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

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Message Posted: Mar 12, 2013 10:03:13 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.
snapper06
Champion Author Toledo

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Message Posted: Mar 10, 2013 7:30:59 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

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Message Posted: Mar 10, 2013 7:30:26 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

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Message Posted: Mar 10, 2013 7:29:28 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

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Message Posted: Mar 7, 2013 6:45:42 PM

thieves
DriverDave
Champion Author Twin Cities

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Message Posted: Mar 7, 2013 11:59:31 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.
remay
Champion Author Houston

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Message Posted: Mar 7, 2013 10:25:00 AM

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

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Message Posted: Mar 7, 2013 8:51:58 AM

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

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Message Posted: Mar 7, 2013 7:19:30 AM

This weeks lying numbers
streetdesign
Champion Author Illinois

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Message Posted: Mar 7, 2013 6:33:23 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

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Message Posted: Mar 7, 2013 6:01:51 AM


Refiners at work adjusting profits.
gravityhurts
Champion Author North Carolina

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Message Posted: Mar 7, 2013 5:12:12 AM

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

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Message Posted: Mar 7, 2013 4:01:22 AM

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

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Message Posted: Mar 7, 2013 3:58:47 AM

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

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Message Posted: Mar 7, 2013 3:58:44 AM

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

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Message Posted: Mar 7, 2013 3:58:43 AM

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

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Message Posted: Mar 7, 2013 3:56:59 AM

Higher gas prices.
Blue_Cruzer
Champion Author Lexington

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Message Posted: Mar 7, 2013 3:56:19 AM

It's that time again.
Petrock
Champion Author Lexington

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Message Posted: Mar 7, 2013 3:55:28 AM

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

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Message Posted: Mar 7, 2013 3:55:19 AM

Another excuse for jacking prices.
BoerneWatch
Champion Author San Antonio

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Message Posted: Mar 7, 2013 3:54:42 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

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Message Posted: Mar 7, 2013 3:54:34 AM

Switch over to summer blends
sappie
Champion Author Massachusetts

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Message Posted: Mar 7, 2013 3:50:43 AM

yet the prices are high.
PetroScopper
Champion Author Houston

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Message Posted: Mar 7, 2013 3:48:48 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

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Message Posted: Mar 7, 2013 3:43:26 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

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Message Posted: Mar 7, 2013 3:42:27 AM

same every year
wingryder92
Champion Author British Columbia

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Message Posted: Mar 7, 2013 3:41:48 AM

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

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Message Posted: Mar 7, 2013 3:40:18 AM

Unlikely excuse
kirzon484
Champion Author Atlanta

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Message Posted: Mar 7, 2013 3:40:13 AM

refineries
Beau2140
Champion Author New York

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Message Posted: Mar 7, 2013 3:38:44 AM

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

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Message Posted: Mar 7, 2013 3:38:21 AM

Ok
Foxt
Champion Author Minnesota

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Message Posted: Mar 7, 2013 3:38:08 AM

Duh!
twt
Champion Author Virginia Beach

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Message Posted: Mar 7, 2013 3:36:11 AM

Nothing new, here.
BEngr
Champion Author Illinois

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Message Posted: Mar 7, 2013 3:35:44 AM

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

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Message Posted: Mar 7, 2013 3:34:07 AM

ouch!
gabbygusIN
Champion Author Indiana

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Message Posted: Mar 7, 2013 3:33:59 AM

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

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Joined:Apr 2005
Message Posted: Mar 7, 2013 3:33:58 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

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Message Posted: Mar 7, 2013 3:33:34 AM

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

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Message Posted: Mar 7, 2013 3:31:56 AM

Happens each year
neptune2008
Champion Author Michigan

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Message Posted: Mar 7, 2013 3:30:58 AM

old and sick
isem
Champion Author Missouri

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Message Posted: Mar 7, 2013 3:30:06 AM

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

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Message Posted: Mar 7, 2013 3:28:55 AM

Can we move on please
raccoon2011
Champion Author Massachusetts

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Message Posted: Mar 7, 2013 3:28:12 AM

old news
abacus44
Champion Author Toms River

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Message Posted: Mar 7, 2013 3:27:04 AM

OK
toolman3md
Champion Author Maryland

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Message Posted: Mar 7, 2013 3:26:08 AM

This happens every year.
D4444J
Champion Author Albuquerque

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Message Posted: Mar 7, 2013 3:26:02 AM

The report defies logic.
aburns20
Champion Author Virginia Beach

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Message Posted: Mar 7, 2013 3:25:56 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

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Message Posted: Mar 7, 2013 3:25:51 AM

Fact!
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