GasBuddy Blog

GasBuddy News Article

votes

Gasoline inventories tightest for early September since '08

GasBuddy Blog -- It's not looking good for motorists: gasoline inventories are at their lowest early-September levels since 2008, when inventories were low because of Hurricane Ike. This time around its Hurricane Isaac that closed a good chunk of refining and production capacity, and we're again paying the price at the pump.

Monday, we talked about the national average hitting a September high, and part of the reason we're at this point is because of gasoline inventories. Currently, inventories stand at 197.7 million barrels, according to the EIA. Last September, inventories stood at 208.8 million barrels, and back in September 2010, they were at 225 million barrels. Pretty decent size decline when compared to previous years, most certainly.

Read the Full Article

Submitted Sep 18, 2012 By: PD

Back To News

Category: GasBuddy Official Blog > Topics	Add to favorite topics Post New Topic

Author	Topic: Gasoline inventories tightest for early September since '08	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

honda0105 Champion Author Tallahassee Posts:18,610 Points:1,608,545 Joined:Nov 2008	Message Posted: Sep 22, 2012 2:45:08 AM Ignore honda0105 Report Abuse gatorguy: no, not really. We've not seen a cane hit US land in a while...
billy44bo Champion Author Mobile Posts:7,202 Points:1,489,895 Joined:Feb 2008	Message Posted: Sep 20, 2012 8:15:08 AM Ignore billy44bo Report Abuse Stop sending gasoline offshore
Ray_10589 Champion Author New York Posts:4,946 Points:1,182,985 Joined:May 2009	Message Posted: Sep 20, 2012 12:02:33 AM Ignore Ray_10589 Report Abuse greed
dieselgus1 All-Star Author Montana Posts:528 Points:482,400 Joined:Oct 2009	Message Posted: Sep 19, 2012 6:47:47 PM Ignore dieselgus1 Report Abuse Its continued poor monetary policy contributing to this rise.
GatorGuy Champion Author Columbia Posts:2,228 Points:1,206,495 Joined:Jan 2009	Message Posted: Sep 19, 2012 2:54:19 PM Ignore GatorGuy Report Abuse Hmmm, seems like hurricane happens every year...think we could plan accordingly?!?
dougtaylor1 Champion Author Phoenix Posts:1,751 Points:446,575 Joined:Jun 2011	Message Posted: Sep 19, 2012 2:40:42 PM Ignore dougtaylor1 Report Abuse Everyone is blaming Isaac. Guess what, it isn't Isaac. "This was not a storm that bent metal, like Hurricanes Katrina or Ike," said Tim Evans, energy analyst at Citigroup in New York. "I expect refineries that shut down completely to take time to come back after thorough inspections. Offshore production will be restored gradually over several days." Several days! The fact that we are exporting more oil than importing is the issue. That is stright from the EIA. Get rid of this administration in November.
GasSpy007 Champion Author New York City Posts:1,816 Points:487,350 Joined:Nov 2011	Message Posted: Sep 19, 2012 2:39:25 PM Ignore GasSpy007 Report Abuse yawn
Buffalo Joe Champion Author Alberta Posts:8,591 Points:2,507,900 Joined:Feb 2003	Message Posted: Sep 19, 2012 2:39:10 PM Ignore Buffalo Joe Report Abuse More politics.
DeeLA Champion Author Los Angeles Posts:4,813 Points:1,364,355 Joined:Nov 2008	Message Posted: Sep 19, 2012 2:39:08 PM Ignore DeeLA Report Abuse I commented on this article yesterday.
YKK All-Star Author Atlanta Posts:852 Points:2,145,555 Joined:Sep 2005	Message Posted: Sep 19, 2012 2:35:06 PM Ignore YKK Report Abuse It must be an election yesr!
wshutton Champion Author Los Angeles Posts:1,662 Points:923,970 Joined:Mar 2009	Message Posted: Sep 19, 2012 2:34:46 PM Ignore wshutton Report Abuse Hey, Romney's Republican speculator buddies need to make more money.
SavALot Champion Author Virginia Beach Posts:8,469 Points:1,710,860 Joined:Apr 2005	Message Posted: Sep 19, 2012 2:26:58 PM Ignore SavALot Report Abuse tight inventories and high prices... not a good combo
Gascapade Champion Author Fort Worth Posts:3,017 Points:481,705 Joined:Mar 2009	Message Posted: Sep 19, 2012 2:26:44 PM Ignore Gascapade Report Abuse ROTFLMAO, this is the most utterly absurd market in the history of mankind..
speedys Champion Author Utah Posts:7,012 Points:2,557,910 Joined:Nov 2005	Message Posted: Sep 19, 2012 2:22:50 PM Ignore speedys Report Abuse You don't know who to believe.
JXQW Champion Author Kansas City Posts:2,787 Points:683,425 Joined:Jul 2008	Message Posted: Sep 19, 2012 2:22:48 PM Ignore JXQW Report Abuse just a maneuver to jack up the prices
Yonkers111 Champion Author Scranton Posts:8,331 Points:857,085 Joined:Apr 2007	Message Posted: Sep 19, 2012 2:20:02 PM Ignore Yonkers111 Report Abuse Plenty around that I can buy all I want, 24/7.
malfrog1 Champion Author South Bend Posts:2,196 Points:549,010 Joined:Feb 2011	Message Posted: Sep 19, 2012 2:13:41 PM Ignore malfrog1 Report Abuse Big oil will manipulate the supply to keep the price high
ItisAJeepThing Champion Author Tucson Posts:19,747 Points:2,150,605 Joined:Oct 2006	Message Posted: Sep 19, 2012 2:08:33 PM Ignore ItisAJeepThing Report Abuse GREED by Big Oil. Too much oil is just sitting in storage. Get those refineries up to full production of winter gasoline and diesel.
caddilac Champion Author Ontario Posts:16,600 Points:2,139,480 Joined:Apr 2007	Message Posted: Sep 19, 2012 2:07:57 PM Ignore caddilac Report Abuse People should stop going on 'road trips' on the labourday weekend, because that just compounds the issue with hurricane season closing down refineries. It's the same thing every year.
Pond10 All-Star Author Virginia Beach Posts:927 Points:859,805 Joined:Sep 2010	Message Posted: Sep 19, 2012 2:07:39 PM Ignore Pond10 Report Abuse One post said supplies are up this says they are low, what to belive.
MRHONEST Champion Author Illinois Posts:2,212 Points:1,675,680 Joined:May 2007	Message Posted: Sep 19, 2012 2:07:24 PM Ignore MRHONEST Report Abuse See previous EIA article. What is it?
satrn38mpg Champion Author Raleigh Posts:5,067 Points:1,053,040 Joined:Sep 2009	Message Posted: Sep 19, 2012 2:06:53 PM Ignore satrn38mpg Report Abuse more bs >>
oldiesman Champion Author New York Posts:6,427 Points:2,193,960 Joined:May 2006	Message Posted: Sep 19, 2012 2:06:14 PM Ignore oldiesman Report Abuse Yeah I will believe it when hell freezes over!
eddyp94 Champion Author Ontario Posts:8,163 Points:1,660,835 Joined:Mar 2008	Message Posted: Sep 19, 2012 2:03:53 PM Ignore eddyp94 Report Abuse Just don't know who to believe anymore...
foggiest1 Champion Author Wilmington Posts:8,410 Points:1,679,435 Joined:Sep 2005	Message Posted: Sep 19, 2012 2:03:28 PM Ignore foggiest1 Report Abuse good thing I am walking more...
Bugs2010 Champion Author Dallas Posts:3,411 Points:938,430 Joined:Mar 2010	Message Posted: Sep 19, 2012 2:02:09 PM Ignore Bugs2010 Report Abuse Wait a minute. Didn't I just read another article that said there was a massive rise in inventories?
bearzz Champion Author California Posts:1,427 Points:418,695 Joined:Mar 2011	Message Posted: Sep 19, 2012 1:56:59 PM Ignore bearzz Report Abuse Another article saying the same thing . . .
19sheldon43 Champion Author Los Angeles Posts:3,979 Points:843,010 Joined:Jul 2009	Message Posted: Sep 19, 2012 1:55:59 PM Ignore 19sheldon43 Report Abuse Sorry I don't believe "Isaac" has anything to do with it this long after the hurricane
midnightsdc Champion Author Ontario Posts:2,299 Points:1,483,315 Joined:Jan 2007	Message Posted: Sep 19, 2012 1:55:48 PM Ignore midnightsdc Report Abuse Any good news??
adhunt Veteran Author Chattanooga Posts:352 Points:976,465 Joined:Apr 2007	Message Posted: Sep 19, 2012 1:55:28 PM Ignore adhunt Report Abuse prices will come down closer to election so Obamba can show improvement
fenster66 Champion Author Pittsburgh Posts:3,345 Points:673,115 Joined:May 2011	Message Posted: Sep 19, 2012 1:54:00 PM Ignore fenster66 Report Abuse hope prices ease down in the second half of the month....
honkerman Champion Author San Jose Posts:44,237 Points:2,396,120 Joined:Jul 2004	Message Posted: Sep 19, 2012 1:52:25 PM Ignore honkerman Report Abuse Change
pulpwood Champion Author Mississippi Posts:7,379 Points:1,859,605 Joined:Sep 2006	Message Posted: Sep 19, 2012 1:51:59 PM Ignore pulpwood Report Abuse America is the #1 Exporter of refined fuel in the world.
BigKart All-Star Author Indianapolis Posts:764 Points:224,375 Joined:Apr 2011	Message Posted: Sep 19, 2012 1:51:42 PM Ignore BigKart Report Abuse Associated article says that crude inventories are at a near-record high level. Time to get busy making crude into gas!
Road-Runner Champion Author Denver Posts:7,046 Points:1,905,165 Joined:May 2004	Message Posted: Sep 19, 2012 1:51:10 PM Ignore Road-Runner Report Abuse Monopoly
Tamas2evil Champion Author Pennsylvania Posts:6,628 Points:1,141,220 Joined:Sep 2006	Message Posted: Sep 19, 2012 1:50:11 PM Ignore Tamas2evil Report Abuse I see higher prices...
civicdutie Champion Author Rochester Posts:4,506 Points:953,485 Joined:Nov 2008	Message Posted: Sep 19, 2012 1:47:59 PM Ignore civicdutie Report Abuse We will see if refineries can bring us back to even or if they are planning on working less.
svspyda Champion Author San Jose Posts:1,668 Points:338,985 Joined:May 2012	Message Posted: Sep 19, 2012 1:47:13 PM Ignore svspyda Report Abuse ok
CAD69 Champion Author Milwaukee Posts:3,201 Points:845,265 Joined:Nov 2010	Message Posted: Sep 19, 2012 1:47:06 PM Ignore CAD69 Report Abuse OK
cateyes8264 Champion Author Tennessee Posts:2,957 Points:642,615 Joined:Jul 2011	Message Posted: Sep 19, 2012 1:47:05 PM Ignore cateyes8264 Report Abuse old news need to update
Tonester1 Champion Author New Jersey Posts:12,732 Points:2,315,745 Joined:Oct 2006	Message Posted: Sep 19, 2012 1:44:34 PM Ignore Tonester1 Report Abuse Keep conserving.
checkitnow Champion Author Atlanta Posts:2,036 Points:571,570 Joined:Aug 2010	Message Posted: Sep 19, 2012 1:43:08 PM Ignore checkitnow Report Abuse read this yesterday
Go_E85 Champion Author Orange County Posts:2,223 Points:174,355 Joined:Dec 2007	Message Posted: Sep 19, 2012 1:43:02 PM Ignore Go_E85 Report Abuse ...
thinkaboutit Champion Author Colorado Posts:1,071 Points:75,875 Joined:Jul 2005	Message Posted: Sep 19, 2012 1:42:04 PM Ignore thinkaboutit Report Abuse As long as there is only one culprit (winter blend, big oil, speculators, politics, refining capacity, economy, customer behavior, etc.) the issue of prices is incompletely analyzed. But the human mind seems to focus on one issue.
goldrose1 Champion Author Cleveland Posts:10,936 Points:1,924,605 Joined:Feb 2005	Message Posted: Sep 19, 2012 1:41:36 PM Ignore goldrose1 Report Abuse enough refineries on gulf!
msgt_usa Champion Author Virginia Posts:3,463 Points:931,880 Joined:Sep 2008	Message Posted: Sep 19, 2012 1:41:21 PM Ignore msgt_usa Report Abuse It's called greedy manipulation
twinfanMN Champion Author Minnesota Posts:1,623 Points:455,205 Joined:Jun 2011	Message Posted: Sep 19, 2012 1:39:16 PM Ignore twinfanMN Report Abuse The public will be gouged with high prices no matter what they say the inventories are
RAC110 Champion Author Massachusetts Posts:5,949 Points:1,851,545 Joined:Mar 2003	Message Posted: Sep 19, 2012 1:38:43 PM Ignore RAC110 Report Abuse they do not want to produce to much so they can get higher prices now
sparky808 Champion Author Honolulu Posts:2,998 Points:597,735 Joined:Sep 2011	Message Posted: Sep 19, 2012 1:38:30 PM Ignore sparky808 Report Abuse Thank you for posting.
derek84us All-Star Author Rochester Posts:721 Points:40,075 Joined:May 2010	Message Posted: Sep 19, 2012 1:37:43 PM Ignore derek84us Report Abuse Once again, the refineries need to kick it up a gear