Production and Supply for
Nebraska and Region

Production
As of May 27, 2005

Refineries in the nation are operating at 96.2% capacity.

Gasoline:  Midwest production is 2,062 thousand barrels per day--a decrease of 5.1% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest production is 738 thousand barrels per day--an increase of 5% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest production is 173 thousand barrels per day--a decrease of 22% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest production is 204 thousand barrels per day--a decrease of 8.9% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Supply
As of May 27, 2005

Gasoline:   Midwest inventory (or PADD II) is 51.8 million barrels--0.8% (or 400,000 barrels) less than last week's inventory level but 0.2% (or 100,000 barrels) more 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 May 27, the national stock level is 216.7 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest inventory (or PADD II) is 20.5 million barrels--1.5% more than last week's inventory level but 1.9% less than last month's level with distillate inventory levels below the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest inventory (or PADD II) is 7.1 million barrels--5.3% less than last week's inventory level and 5.3% less than last month's level with distillate inventory levels below the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest inventory (or PADD II) is 14.5 million barrels--9% more than last week's inventory level and 22% more than last month's level with inventory levels continuing at the upper boundary 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 May 27, the national inventory level is 42.2 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 858 billion cubic feet--7.4% more than last week and 105 billion cubic feet above the 5-year average.  For the week ending May 27, the national inventory level is 1,778 billion cubic feet.  Close to 3 trillion cubic feet is generally considered to be adequate for winter demand.  This would require an injection of 1,222 billion cubic feet between now and the end of October. 
(Source:  Weekly Natural Gas Storage Report, Energy Information Administration)