Production and Supply for
Nebraska and Region

Production
As of June 4, 2004

Refineries in the nation are operating at 96% capacity.

Gasoline:   Midwest production is 1,896 thousand barrels per day--a decrease of 3.8% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest production is 720 thousand barrels per day--an increase of 9.3% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest production is 175 thousand barrels per day--a decrease of 17% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:   Midwest production is 228 thousand barrels per day--a decrease of 1.7% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Supply
As of June 4, 2004

Gasoline:   Midwest inventory (or PADD II) is 51 million barrels--3.2% lower than last week's inventory but 0.6% (or 300,000 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 June 4, the national stock level is 206.4 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:   Midwest inventory (or PADD II) is 19.7 million barrels--4.2% higher than last week's inventory but 1.5% lower than last month's level with distillate inventory levels at the bottom of the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest inventory (or PADD II) is 8.4 million barrels--2.4% higher than last week's inventory level and 6.3% higher than last month's level with distillate inventory levels at the bottom of the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest inventory (or PADD II) is 15.4 million barrels--3.4% higher than last week's inventory level and 18% higher than last month's level with inventory levels in the normal range.  As of June 4, the national inventory level is 38 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 839 billion cubic feet--8.7% more than last week but 37 billion cubic feet or 4.2% below the 5-year average.  As of June 4, the national inventory level is 1,666 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 1.3 trillion cubic feet between now and the end of October.
(Source:  Weekly Natural Gas Storage Report, Energy Information Administration)