Production and Supply for
Nebraska and Region



Production
As of July 2, 2004


Refineries in the nation are operating at 96.7% capacity.

Gasoline:  Midwest production is 1,952 thousand barrels per day--a decrease of 6.3% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:   Midwest production is 733 thousand barrels per day--an increase of 1.5% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest production is 216 thousand barrels per day--an increase of 53% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest production is 236 thousand barrels per day--an increase of 5.4% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)



Supply
As of July 2, 2004


Gasoline:  Midwest inventory (or PADD II) is 50.4 million barrels--0.2% (or 100,000 barrels) lower than last week's inventory and 0.2% (or 100,000 barrels) lower than last month's level with inventory levels in the bottom of the normal range.  The Energy Information Administration maintains a benchmark for national stocks at 200 million barrels.  As of July 2, the national stock level is 206.1 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:   Midwest inventory (or PADD II) is 21.1 million barrels--unchanged from last week's inventory level but 2.9% 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 7.9 million barrels--1.3% lower than last week's inventory level and 7.1% 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 18.6 million barrels--4.5% higher than last week's inventory level and 14.8% 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 July 2, the national inventory level is 43.6 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 1,085 billion cubic feet--6.5% more than last week but 16 billion cubic feet or 1.5% below the 5-year average.  As of July 2, the national inventory level is 2,047 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 953 billion cubic feet between now and the end of October.
(Source:  Weekly Natural Gas Storage Report, Energy Information Administration)



Additional Information:

* * *  Motor Fuel Prices  * * *
Daily State Prices


Daily Metro Prices


Weekly Prices
Monthly Prices
Diesel Fuel Motor Gasoline
Nebraska Nebraska
Columbus Columbus
Grand Island Grand Island
Kearney Kearney
Lincoln Lincoln
Norfolk Norfolk
North Platte North Platte
Omaha Omaha
* * *  Residential Propane Prices  * * *
* * *  Wholesale Propane Prices  * * *
* * *  Heating Oil Prices  * * *

This report was updated on July 13, 2004.

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