Production and Supply for
Nebraska and Region

Production
As of July 11, 2003

Refineries in the nation are operating at 94.6% capacity.

Gasoline:   Midwest production is 2,112 thousand barrels per day--an increase of 5.8% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Supply
As of July 11, 2003

Gasoline:   Midwest inventory remains 52.2 million barrels for the third week--0.2% higher than last month's level.  The Energy Information Administration maintains a benchmark for national stocks at 200 million barrels.  As of July 11, the national stock level is 209.4 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:   Midwest inventory is 23.7 million barrels--6.8% higher than last week's inventory and 5.3% higher than last month's level.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:   Midwest inventory is 15.3 million barrels--5.5% higher than last week with inventory levels remaining below the normal range.  The Energy Information Administration estimates 25 million barrels in storage by the end of September to be a benchmark for the Midwest.  As of July 11, the national inventory level is 48.7 million barrels.  Industry observers believe a 60-million-barrel level for national inventory is adequate prior to the start of the heating season.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Natural Gas:   The East Region's inventory, of which Nebraska is a part, is 1,039 billion cubic feet--6.5% more than last week but 171 billion cubic feet or 14.1% below the normal range.  As of July 11, the national inventory level is 1,866 billion cubic feet.  Close to 3 trillion cubic feet is generally considered to be adequate for winter demand.  This would require an injection of approximately 1.1 trillion cubic feet between now and the end of October.
(Source:  Weekly Natural Gas Storage Report, Energy Information Administration)