Production and Supply for
Nebraska and Region

Production
As of August 29, 2003

Refineries in the nation are operating at 94.7% capacity.

Gasoline:  Midwest production is 2,041 thousand barrels per day--an increase of 5.5% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Supply
As of August 29, 2003

Gasoline:  Midwest inventory (or PADD II) is 49.6 million barrels--1.4% lower than last week's inventory and 4.6% lower than last month's level.  The Energy Information Administration maintains a benchmark for national stocks at 200 million barrels.  As of August 29, the national stock level is 191.9 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest inventory is 22.8 million barrels--7% higher than last week's inventory and 1.3% lower than last month's level with inventory levels moving into the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:   Midwest inventory (or PADD II) is 19.9 million barrels--4% 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 29, the national inventory level is 62.7 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 1,418 billion cubic feet--4% more than last week but 105 billion cubic feet or 6.9% below the 5-year average.  As of August 29, the national inventory level is 2,389 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 611 billion cubic feet between now and the end of October.
(Source:  Weekly Natural Gas Storage Report, Energy Information Administration)