Production and Supply for
Nebraska and Region

Production
As of June 18, 2004

Refineries in the nation are operating at 95.6% capacity.

Gasoline:  Midwest production is 1,991 thousand barrels per day--an increase of 1.2% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest production is 726 thousand barrels per day--a decrease of 1.6% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest production is 164 thousand barrels per day--a decrease of 8.9% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest production is 238 thousand barrels per day--an increase of 1.3% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Supply
As of June 18, 2004

Gasoline:   Midwest inventory (or PADD II) is 52.5 million barrels--4% higher than last week's inventory but 0.4% (or 200,000 barrels) 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 June 18, the national stock level is 205.1 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest inventory (or PADD II) is 20.6 million barrels--0.5% (or 100,000 barrels) higher than last week's inventory and 9% 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)

Heating Oil:  Midwest inventory (or PADD II) is 7.9 million barrels--7.1% lower than last week's inventory level and 3.7% 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)

Propane:  Midwest inventory (or PADD II) is 16.8 million barrels--3.7% higher than last week's inventory level and 13% higher than last month's level with inventory levels in the normal range.  As of June 18, the national inventory level is 41.2 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 957 billion cubic feet--6.5% more than last week but 31 billion cubic feet or 3.1% below the 5-year average.  As of June 18, the national inventory level is 1,845 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 1.16 trillion cubic feet between now and the end of October.
(Source:  Weekly Natural Gas Storage Report, Energy Information Administration)