Production and Supply for
Nebraska and Region

Production
As of March 26, 2004

Refineries in the nation are operating at 88.7% capacity.

Gasoline:  Midwest production is 1,961 thousand barrels per day--a decrease of 3.6% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest production is 512 thousand barrels per day--a decrease of 15.5% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest production is 130 thousand barrels per day--an increase of 5.7% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest production is 218 thousand barrels per day--an increase of 4.8% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Supply
As of March 26, 2004

Gasoline:   Midwest inventory (or PADD II) is 53 million barrels--0.6% (or 300,000 barrels) lower than last week's inventory and 4.3% lower than last month's level with inventory levels in the normal range.  The Energy Information Administration maintains a benchmark for national stocks at 200 million barrels.  As of March 26, the national stock level is 200.9 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:   Midwest inventory (or PADD II) is 20.8 million barrels--1.4% lower than last week's inventory and 2.4% lower than last month's level with distillate inventory levels continuing below the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:   Midwest inventory (or PADD II) is 7 million barrels--1.5% higher than last week's inventory level but unchanged from last month's level with distillate inventory levels continuing below the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest inventory (or PADD II) is 10.2 million barrels--2% higher than last week's inventory level and 2% higher than last month's level with inventory levels in the normal range.  As of March 26, the national inventory level is 27.5 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 474 billion cubic feet--6.5% less than last week and 57 billion cubic feet or 10.7% below the 5-year average.  As of March 26, the national inventory level is 1,014 billion cubic feet.  Close to 3 trillion cubic feet is generally considered to be adequate for winter demand.  This would require an injection of 2 trillion cubic feet between now and the end of October.
(Source:  Weekly Natural Gas Storage Report, Energy Information Administration)