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For Immediate Release: November 30, 2005
Contact: Rob Schlichting - 916-654-4989

Gasoline, diesel production both drop Thanksgiving week

Sacramento - Production of California reformulated gasoline dropped 4.3 percent from the previous week and diesel output was off 3.7 percent, according to the Weekly Fuels Watch Report issued today by the California Energy Commission.

California refiners produced an average of 904,000 barrels per day of reformulated gasoline for the week ending November 25, 2005. The figure is 6.1 percent below production numbers for a year ago.

Inventories of reformulated gasoline were nearly steady, dropping only 0.2 percent from the previous week. They are 10.7 percent below last year's levels, however.

While production of California diesel declined in comparison to one week ago, it was 28.9 percent above production levels at this time last year. Inventories increased by 7.1 percent for the week, but were down 1.3 percent from last year's level.

Retail prices continue to trickle down in the State. The statewide average for regular gasoline averaged $2.41 a gallon for the week ending November 28, 2005, down from an all-time high of $3.06 in early September. The statewide average retail price of diesel was $2.56 a gallon on November 28, 2005. Diesel had been as high as $3.36 a gallon in early October.

The entire Weekly Fuels Watch Report can be seen on the Energy Commission's website at

www.energy.ca.gov/database/fore

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