Production

As of August 17, 2007

U.S. Refinery Status: Refineries in the nation are operating at 91.6% capacity.

Gasoline: Midwest production is 2,023 thousand barrels per day—a decrease of 4.5% from last week.

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

Ultra-Low Sulfur Diesel: Midwest production is 816 thousand barrels per day—an increase of 6% from last week.

Low Sulfur Diesel: Midwest production is 79 thousand barrels per day—an increase of 2.6% from last week.

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

Heating Oil: Midwest production is 26 thousand barrels per day—a decrease of 41% 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 186 thousand barrels per day—an increase of 3.3% from last week.

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

Supply

As of August 17, 2007

Gasoline: Midwest (or PADD II) inventory is 46.4 million barrels—2.9% less than last week's inventory level and 3.9% less 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 August 17, the national stock level is 196.2 million barrels.

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

Ultra-Low Sulfur Diesel: Midwest (or PADD II) inventory is 19.7 million barrels—2.1% more than last week's inventory level but 3.9% less than last month's level. This week's distillate inventory level is just below the normal range.

Low Sulfur Diesel: Midwest (or PADD II) inventory is 5.2 million barrels—5.5% less than last week's inventory level but 4% more than last month's level. This week's distillate inventory level is just below the normal range.

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

Heating Oil: Midwest (or PADD II) inventory is 3.1 million barrels—14.8% more than last week's inventory level and 14.8% more than last month's level. This week's distillate inventory level is just below 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 21.5 million barrels—3.9% more than last week's inventory level and 0.5% more than last month's level. This week's inventory level is in the lower half 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 August 17, the national inventory level is 53.4 million barrels. Industry observers believe a 70-million-barrel level for national inventory is adequate prior to the start of the heating season. (The national inventory level was updated from 60 million barrels to 70 million barrels.)

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

Natural Gas: The East Region's inventory, of which Nebraska is a part, is 1,613 billion cubic feet—2.5% more than last week and 137 billion cubic feet above the five-year average. For the week ending August 17, the national inventory level is 2,926 billion cubic feet. Close to three trillion cubic feet is generally considered to be adequate for winter demand. To reach three trillion cubic feet, 74 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 August 24, 2007. Typically, there is one week between updates.