Production and Supply for
Nebraska and Region

Production
As of August 1, 2003

Refineries in the nation are operating at 91.9% capacity.

Gasoline:   Midwest production is 1,986 thousand barrels per day--a decrease of 5% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Supply
As of August 1, 2003

Gasoline:  Midwest inventory (or PADD II) is 52 million barrels--2.4% lower than last week's inventory and 0.4% (or 200,000 barrels) lower than last month's level.  The Energy Information Administration maintains a benchmark for national stocks at 200 million barrels.  As of August 1, the national stock level is 201.8 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest inventory is 23.1 million barrels--2.9% lower than last week's inventory and 4.1% higher than last month's level.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:   Midwest inventory (or PADD II) is 17.1 million barrels--no change from 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 August 1, the national inventory level is 56.2 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 1,218 billion cubic feet--5% more than last week but 126 billion cubic feet or 9.4% below the normal range.  As of August 1, the national inventory level is 2,106 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 894 billion cubic feet between now and the end of October.
(Source:  Weekly Natural Gas Storage Report, Energy Information Administration)