Production and Supply for
Nebraska and Region

Production
As of August 22, 2003

Refineries in the nation are operating at 93.1% capacity.

Gasoline:  Midwest production is 1,935 thousand barrels per day--a decrease of 8.5% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Supply
As of August 22, 2003

Gasoline:  Midwest inventory (or PADD II) is 50.3 million barrels--1.4% lower than last week's inventory and 5.6% lower than last month's level.  The Energy Information Administration maintains a benchmark for national stocks at 200 million barrels.  As of August 22, the national stock level is 191.2 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest inventory is 21.3 million barrels--1% lower than last week's inventory and 10.5% lower than last month's level with inventory levels below the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:   Midwest inventory (or PADD II) is 19.1 million barrels--2% 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 August 22, the national inventory level is 61.6 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 1,364 billion cubic feet--2.8% more than last week but 113 billion cubic feet or 7.7% below the normal range.  As of August 22, the national inventory level is 2,319 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 681 billion cubic feet between now and the end of October.
(Source:  Weekly Natural Gas Storage Report, Energy Information Administration)