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For Immediate Release: January 04, 2006
Media Contact: Rob Schlichting - 916-654-4989

California gasoline, diesel production higher than at end of 2004


Sacramento - For the last week of 2005, production of reformulated gasoline for use in California was 1.7 percent above levels of one year ago, according to the Weekly Fuels Watch Report issued today by the California Energy Commission.

Production of reformulated gasoline averaged 967,429 barrels a day for the week ending December 30, 2005, a 6.9 percent decline from the previous week's daily average. Inventories of reformulated gasoline at California refineries grew by 1.2 percent from the previous week but are 6.4 percent below last year's levels.

The statewide average retail price of regular gasoline fell 2 cents, averaging $2.21 a gallon for the week ending January 2, 2006. In an unusual turn, that put California's average retail price below the national average retail price, which rose 4 cents, to $2.24 a gallon.

Diesel production and diesel inventories continue at higher levels than they have been on this date in five years. Overall diesel production-which includes CARB diesel and low-sulfur diesel-rose 1.1 percent from the previous week and was 15.6 percent better than at this time last year. Overall inventories of diesel rose by 5.1 percent over the week and were up 3.2 percent from this time last year.

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

http://www.energy.ca.gov/database/fore

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