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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.

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Submitted Sep 18, 2012 By: PD
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Author Topic: Gasoline inventories tightest for early September since '08 Post a Reply Back to Topics
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honda0105
Champion Author Tallahassee

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Message Posted: Sep 21, 2012 11:45:08 PM
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gatorguy: no, not really. We've not seen a cane hit US land in a while...
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billy44bo
Champion Author Mobile

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Message Posted: Sep 20, 2012 5:15:08 AM
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Stop sending gasoline offshore
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Ray_10589
Champion Author New York

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Message Posted: Sep 19, 2012 9:02:33 PM
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greed
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dieselgus1
All-Star Author Montana

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Message Posted: Sep 19, 2012 3:47:47 PM
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Its continued poor monetary policy contributing to this rise.
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GatorGuy
Champion Author Columbia

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Message Posted: Sep 19, 2012 11:54:19 AM
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Hmmm, seems like hurricane happens every year...think we could plan accordingly?!?
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dougtaylor1
Champion Author Phoenix

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Message Posted: Sep 19, 2012 11:40:42 AM
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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.
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GasSpy007
Champion Author New York City

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Message Posted: Sep 19, 2012 11:39:25 AM
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yawn
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Buffalo Joe
Champion Author Alberta

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Message Posted: Sep 19, 2012 11:39:10 AM
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More politics.
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DeeLA
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Message Posted: Sep 19, 2012 11:39:08 AM
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I commented on this article yesterday.
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YKK
All-Star Author Atlanta

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Message Posted: Sep 19, 2012 11:35:06 AM
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It must be an election yesr!
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wshutton
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Message Posted: Sep 19, 2012 11:34:46 AM
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Hey, Romney's Republican speculator buddies need to make more money.
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SavALot
Champion Author Virginia Beach

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Message Posted: Sep 19, 2012 11:26:58 AM
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tight inventories and high prices... not a good combo
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Gascapade
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Message Posted: Sep 19, 2012 11:26:44 AM
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ROTFLMAO, this is the most utterly absurd market in the history of mankind..
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speedys
Champion Author Utah

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Message Posted: Sep 19, 2012 11:22:50 AM
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You don't know who to believe.
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JXQW
Champion Author Kansas City

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Message Posted: Sep 19, 2012 11:22:48 AM
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just a maneuver to jack up the prices
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Yonkers111
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Message Posted: Sep 19, 2012 11:20:02 AM
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Plenty around that I can buy all I want, 24/7.
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malfrog1
Champion Author South Bend

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Message Posted: Sep 19, 2012 11:13:41 AM
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Big oil will manipulate the supply to keep the price high
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ItisAJeepThing
Champion Author Tucson

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Message Posted: Sep 19, 2012 11:08:33 AM
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GREED by Big Oil.

Too much oil is just sitting in storage. Get those refineries up to full production of winter gasoline and diesel.
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caddilac
Champion Author Ontario

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Message Posted: Sep 19, 2012 11:07:57 AM
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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.
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Pond10
All-Star Author Virginia Beach

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Message Posted: Sep 19, 2012 11:07:39 AM
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One post said supplies are up this says they are low, what to belive.
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MRHONEST
Champion Author Illinois

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Message Posted: Sep 19, 2012 11:07:24 AM
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See previous EIA article. What is it?
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satrn38mpg
Champion Author Raleigh

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Message Posted: Sep 19, 2012 11:06:53 AM
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more bs >>
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oldiesman
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Message Posted: Sep 19, 2012 11:06:14 AM
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Yeah I will believe it when hell freezes over!
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eddyp94
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Message Posted: Sep 19, 2012 11:03:53 AM
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Just don't know who to believe anymore...
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foggiest1
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good thing I am walking more...
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Bugs2010
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Message Posted: Sep 19, 2012 11:02:09 AM
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Wait a minute. Didn't I just read another article that said there was a massive rise in inventories?
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bearzz
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Message Posted: Sep 19, 2012 10:56:59 AM
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Another article saying the same thing . . .
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19sheldon43
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Message Posted: Sep 19, 2012 10:55:59 AM
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Sorry I don't believe "Isaac" has anything to do with it this long after
the hurricane
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midnightsdc
Champion Author Ontario

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Message Posted: Sep 19, 2012 10:55:48 AM
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Any good news??
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adhunt
Veteran Author Chattanooga

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Message Posted: Sep 19, 2012 10:55:28 AM
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prices will come down closer to election so Obamba can show improvement
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fenster66
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Message Posted: Sep 19, 2012 10:54:00 AM
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hope prices ease down in the second half of the month....
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honkerman
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Message Posted: Sep 19, 2012 10:52:25 AM
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Change
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pulpwood
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Message Posted: Sep 19, 2012 10:51:59 AM
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America is the #1 Exporter of refined fuel in the world.
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BigKart
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Message Posted: Sep 19, 2012 10:51:42 AM
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Associated article says that crude inventories are at a near-record high level. Time to get busy making crude into gas!
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Road-Runner
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Message Posted: Sep 19, 2012 10:51:10 AM
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Monopoly
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Tamas2evil
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Message Posted: Sep 19, 2012 10:50:11 AM
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I see higher prices...
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civicdutie
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Message Posted: Sep 19, 2012 10:47:59 AM
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We will see if refineries can bring us back to even or if they are planning on working less.
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svspyda
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Message Posted: Sep 19, 2012 10:47:13 AM
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ok
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CAD69
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OK
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cateyes8264
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Message Posted: Sep 19, 2012 10:47:05 AM
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old news need to update
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Tonester1
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Message Posted: Sep 19, 2012 10:44:34 AM
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Keep conserving.
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checkitnow
Champion Author Atlanta

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Message Posted: Sep 19, 2012 10:43:08 AM
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read this yesterday
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Go_E85
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Message Posted: Sep 19, 2012 10:43:02 AM
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...
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thinkaboutit
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Message Posted: Sep 19, 2012 10:42:04 AM
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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.
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goldrose1
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Message Posted: Sep 19, 2012 10:41:36 AM
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enough refineries on gulf!
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msgt_usa
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Message Posted: Sep 19, 2012 10:41:21 AM
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It's called greedy manipulation
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twinfanMN
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Message Posted: Sep 19, 2012 10:39:16 AM
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The public will be gouged with high prices no matter what they say the inventories are
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RAC110
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Message Posted: Sep 19, 2012 10:38:43 AM
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they do not want to produce to much so they can get higher prices now
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sparky808
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Message Posted: Sep 19, 2012 10:38:30 AM
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Thank you for posting.
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derek84us
All-Star Author Rochester

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Message Posted: Sep 19, 2012 10:37:43 AM
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Once again, the refineries need to kick it up a gear
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