Production and Supply for
Nebraska and Region

Production
As of July 30, 2004

Refineries in the nation are operating at 96.3% capacity.

Gasoline:  Midwest production is 2,064 thousand barrels per day--an increase of 6.1% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest production is 665 thousand barrels per day--an increase of 10.7% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest production is 154 thousand barrels per day--a decrease of 15.9% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest production is 235 thousand barrels per day--an increase of 4.9% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Supply
As of July 30, 2004

Gasoline:  Midwest inventory (or PADD II) is 52.5 million barrels--0.6% (or 300,000 barrels) lower than last week's inventory but 2.1% 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 July 30, the national stock level is 210.1 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest inventory (or PADD II) is 22.5 million barrels--1.8% lower than last week's inventory but 0.9% (or 200,000 barrels) 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 6.8 million barrels--4.2% lower than last week's inventory level and 6.9% 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 20.2 million barrels--3.6% higher than last week's inventory level and 7.5% higher than last month's level with inventory levels at the bottom of 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 30, the national inventory level is 49.1 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 1,326 billion cubic feet--4.7% more than last week and 30 billion cubic feet above the 5-year average.  As of July 30, the national inventory level is 2,380 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 620 billion cubic feet between now and the end of October.
(Source:  Weekly Natural Gas Storage Report, Energy Information Administration)