Production

As of July 6, 2007

U.S. Refinery Status: Refineries in the nation are operating at 90.2% capacity.

Gasoline: Midwest production is 2,120 thousand barrels per day—a decrease of 5% from last week.

(Source: Weekly Petroleum Status Report, Energy Information Administration)

Ultra-Low Sulfur Diesel: Midwest production is 760 thousand barrels per day—a decrease of 11% from last week.

Low Sulfur Diesel: Midwest production is 78 thousand barrels per day—a decrease of 25% from last week.

(Source: Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil: Midwest production is 34 thousand barrels per day—an increase from last week. Beginning June 1, 2007, refiners were required by an EPA rule to begin production of non-road, locomotive, and marine diesel fuel (NRLM) that meets a maximum sulfur level of 500 ppm. The rule does not include diesel fuel for home heating, industrial boiler, or stationary power uses or diesel fuel used in aircraft. As a result, stock builds of heating oil could be rare this summer, as refiners concentrate on making low sulfur or ultra-low sulfur diesel.

(Source: Weekly Petroleum Status Report, Energy Information Administration)

Propane: Midwest production is 189 thousand barrels per day—a decrease of 17.5% from last week.

(Source: Weekly Petroleum Status Report, Energy Information Administration)

Supply

As of July 6, 2007

Gasoline: Midwest (or PADD II) inventory is 49.7 million barrels—1.2% more than last week's inventory level and 0.6% more than last month's level. This week's inventory level is below the normal range. The Energy Information Administration maintains a benchmark for national stocks at 200 million barrels. As of July 6, the national stock level is 205.6 million barrels.

(Source: Weekly Petroleum Status Report, Energy Information Administration)

Ultra-Low Sulfur Diesel: Midwest (or PADD II) inventory is 20.7 million barrels—2.8% less than last week's inventory level but no change from last month's level. This week's distillate inventory level is in the lower region of the normal range.

Low Sulfur Diesel: Midwest (or PADD II) inventory is 5.6 million barrels—6.7% less than last week's inventory level and 5.1% less than last month's level. This week's distillate inventory level is in the lower region of the normal range.

(Source: Weekly Petroleum Status Report, Energy Information Administration)

Heating Oil: Midwest (or PADD II) inventory is 2.5 million barrels—4.2% more than last week's inventory level but 16.7% less than last month's level. This week's distillate inventory level is in the lower region of the normal range. Beginning June 1, 2007, refiners were required by an EPA rule to begin production of non-road, locomotive, and marine diesel fuel (NRLM) that meets a maximum sulfur level of 500 ppm. The rule does not include diesel fuel for home heating, industrial boiler, or stationary power uses or diesel fuel used in aircraft. As a result, stock builds of heating oil could be rare this summer, as refiners concentrate on making low sulfur or ultra-low sulfur diesel.

(Source: Weekly Petroleum Status Report, Energy Information Administration)

Propane: Midwest (or PADD II) inventory is 18.1 million barrels—5.2% more than last week's inventory level and 22% more than last month's level. This week's inventory level is 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 6, the national inventory level is 46.3 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 1,348 billion cubic feet—5.5% more than last week and 145 billion cubic feet above the five-year average. For the week ending July 6, the national inventory level is 2,627 billion cubic feet. Close to three trillion cubic feet is generally considered to be adequate for winter demand. To reach three trillion cubic feet, 373 billion cubic feet would have to be injected into storage between now and the end of October.

(Source: Weekly Natural Gas Storage Report, Energy Information Administration)

Additional Information

* * * Motor Fuel 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 * * *

* * * Wholesale Heating Oil Prices * * *

This report was updated on July 12, 2007. Typically, there is one week between updates.