Production and Supply for
Nebraska and Region

Production
As of September 10, 2004

Refineries in the nation are operating at 95.7% capacity.

Gasoline:  Midwest production is 1,989 thousand barrels per day--a decrease of 2.5% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest production is 704 thousand barrels per day--an increase of 4.5% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest production is 174 thousand barrels per day--a decrease of 17% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest production is 232 thousand barrels per day--a decrease of 7.6% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Supply
As of September 10, 2004

Gasoline:   Midwest inventory (or PADD II) is 52.1 million barrels--0.6% (or 300,000 barrels) higher than last week's inventory but 0.2% (or 100,000 barrels) lower than last month's level with inventory levels in the top of the normal range.  The Energy Information Administration maintains a benchmark for national stocks at 200 million barrels.  As of September 10, the national stock level is 202.5 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest inventory (or PADD II) is 25.6 million barrels--5.4% higher than last week's inventory and 9.9% higher than last month's level with distillate inventory levels above 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 but 6.8% higher than last month's level with distillate inventory levels above the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:   Midwest inventory (or PADD II) is 23.6 million barrels--1.3% higher than last week's inventory level and 8.3% 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 September 10, the national inventory level is 61.6 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 1,653 billion cubic feet--4% more than last week and 65 billion cubic feet above the 5-year average.  As of September 10, the national inventory level is 2,874 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 126 billion cubic feet between now and the end of October.
(Source:  Weekly Natural Gas Storage Report, Energy Information Administration)