Production and Supply for
Nebraska and Region

Production
As of May 21, 2004

Refineries in the nation are operating at 94.6% capacity.

Gasoline:   Midwest production is 1,958 thousand barrels per day--a decrease of 7% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest production is 679 thousand barrels per day--a decrease of 9.8% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest production is 169 thousand barrels per day--an increase of 16.6% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest production is 230 thousand barrels per day--a decrease of 3% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Supply
As of May 21, 2004

Gasoline:  Midwest inventory (or PADD II) is 50.3 million barrels--0.8% (or 400,000 barrels) lower than last week's inventory but 0.8% (or 400,000 barrels) higher 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 May 21, the national stock level is 203 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest inventory (or PADD II) is 20 million barrels--unchanged from last week's inventory with distillate inventory levels just below the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest inventory (or PADD II) is 7.7 million barrels--2.5% lower than last week's inventory level and 4.9% lower than last month's level with distillate inventory levels just below the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest inventory (or PADD II) is 13.7 million barrels--5.4% higher than last week's inventory level and 14.2% higher than last month's level with inventory levels in the normal range.  As of May 21, the national inventory level is 34.3 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 721 billion cubic feet--8.3% more than last week but 36 billion cubic feet or 4.8% below the 5-year average.  As of May 21, the national inventory level is 1,477 billion cubic feet.  Close to 3 trillion cubic feet is generally considered to be adequate for winter demand.  This would require an injection of about 1.5 trillion cubic feet between now and the end of October.
(Source:  Weekly Natural Gas Storage Report, Energy Information Administration)