Production and Supply for
Nebraska and Region

Production
As of June 25, 2004

Refineries in the nation are operating at 96.1% capacity.

Gasoline:  Midwest production is 2,084 thousand barrels per day--an increase of 4.7% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest production is 722 thousand barrels per day--a decrease of 0.6% (or 400,000 barrels per day) from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest production is 141 thousand barrels per day--a decrease of 14% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest production is 224 thousand barrels per day--a decrease of 5.9% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Supply
As of June 25, 2004

Gasoline:  Midwest inventory (or PADD II) is 50.5 million barrels--3.8% lower than last week's inventory and 1% 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 25, the national stock level is unchanged at 205.1 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:   Midwest inventory (or PADD II) is 21.1 million barrels--2.4% higher than last week's inventory and 7.1% higher than last month's level with distillate inventory levels in the bottom of the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest inventory (or PADD II) is 8 million barrels--1.3% higher than last week's inventory level but 4.8% lower than last month's level with distillate inventory levels in the bottom of the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest inventory (or PADD II) is 17.8 million barrels--6% higher than last week's inventory level and 15.6% higher than last month's level with inventory levels in the normal range.  The Energy Information Administration estimates 25 million barrels in storage by the end of September to be a benchmark for the Midwest.  As of June 25, the national inventory level is 42.3 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 1,019 billion cubic feet--6.5% more than last week but 21 billion cubic feet or 2% below the 5-year average.  As of June 25, the national inventory level is 1,938 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 1.1 trillion cubic feet between now and the end of October.
(Source:  Weekly Natural Gas Storage Report, Energy Information Administration)