Production and Supply for
Nebraska and Region

Production
As of April 16, 2004

Refineries in the nation are operating at 91.9% capacity.

Gasoline:   Midwest production is 2,056 thousand barrels per day--an increase of 6% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest production is 667 thousand barrels per day--an increase of 30% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest production is 213 thousand barrels per day--an increase of 31% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest production is 231 thousand barrels per day--an increase of 3.6% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Supply
As of April 16, 2004

Gasoline:   Midwest inventory (or PADD II) is 47.6 million barrels--7.4% lower than last week's inventory and 10% lower than last month's level with inventory levels diving below the normal range.  The Energy Information Administration maintains a benchmark for national stocks at 200 million barrels.  As of April 16, the national stock level is 199.1 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest inventory (or PADD II) is 18.8 million barrels--1.1% lower than last week's inventory with distillate inventory levels rising but remaining below the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:   Midwest inventory (or PADD II) is 7.4 million barrels--17.5% higher than last week's inventory level and 5.7% higher than last month's level with distillate inventory levels rising but remaining below the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:   Midwest inventory (or PADD II) is 10.7 million barrels--10.3% higher than last week's inventory level and 4.9% higher than last month's level with inventory levels in the normal range.  As of April 16, the national inventory level is 27.2 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 483 billion cubic feet--2.1% more than last week and 64 billion cubic feet or 11.7% below the 5-year average.  As of April 16, the national inventory level is 1,077 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)