Production and Supply for
Nebraska and Region

Production
As of July 1, 2005

Refineries in the nation are operating at 98.1% capacity.

Gasoline:  Midwest production is 2,123 thousand barrels per day--an increase of 6.4% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest production is 776 thousand barrels per day--an increase of 1.8% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest production is 278 thousand barrels per day--an increase of 61% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest production is 228 thousand barrels per day--an increase of 21% from last week.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Supply
As of July 1, 2005

Gasoline:   Midwest inventory (or PADD II) is 50.8 million barrels--1% less than last week's inventory level and 3.6% less than last month's level with inventory levels at the bottom of the normal range.  The Energy Information Administration maintains a benchmark for national stocks at 200 million barrels.  As of July 1, the national stock level is 215.3 million barrels.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Diesel:  Midwest inventory (or PADD II) is 21.9 million barrels--2.3% more than last week's inventory level and 0.9% (or 200,000 barrels) more than last month's level with distillate inventory levels in the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil:  Midwest inventory (or PADD II) is 7.5 million barrels--2.6% lower than last week's inventory level but 1.4% more than last month's level with distillate inventory levels in the normal range.
(Source:  Weekly Petroleum Status Report, Energy Information Administration)

Propane:  Midwest inventory (or PADD II) is 18.5 million barrels--10.8% more than last week's inventory level and 19.4% more than last month's level with inventory levels 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 July 1, the national inventory level is 53 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 1,136 billion cubic feet--4.1% more than last week and 84 billion cubic feet above the 5-year average.  For the week ending July 1, the national inventory level is 2,186 billion cubic feet.  Close to 3 trillion cubic feet is generally considered to be adequate for winter demand.  This would require an injection of 814 billion cubic feet between now and the end of October.
(Source:  Weekly Natural Gas Storage Report, Energy Information Administration)