Production and Supply for
Nebraska and Region

Production
As of April 2, 2004

Refineries in the nation are operating at 89.9% capacity.

Gasoline:  Midwest production is 1,966 thousand barrels per day--an increase of 0.2% (or 5 thousand barrels) from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest production is 577 thousand barrels per day--an increase of 12.7% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest production is 134 thousand barrels per day--an increase of 3% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest production is 251 thousand barrels per day--an increase of 15% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Supply
As of April 2, 2004

Gasoline:   Midwest inventory (or PADD II) is 52.5 million barrels--0.9% (or 500,000 barrels) lower than last week's inventory and 4.7% 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 April 2, the national stock level is 200.1 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest inventory (or PADD II) is 19.5 million barrels--6.3% lower than last week's inventory and 7.1% lower than last month's level with distillate inventory levels dropping even further below the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:   Midwest inventory (or PADD II) is 6.2 million barrels--11.4% lower than last week's inventory level and 7.5% lower than last month's level with distillate inventory levels falling further below the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest inventory (or PADD II) is 9.8 million barrels--3.9% lower than last week's inventory level but 1% higher than last month's level with inventory levels in the normal range.  As of April 2, the national inventory level is 27.3 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 477 billion cubic feet--0.6% (or 3 billion cubic feet) more than last week and 48 billion cubic feet or 9.1% below the 5-year average.  As of April 2, the national inventory level is 1,034 billion cubic feet.  Close to 3 trillion cubic feet is generally considered to be adequate for winter demand.  This would require an injection of almost 2 trillion cubic feet between now and the end of October.
(Source:  Weekly Natural Gas Storage Report, Energy Information Administration)