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California gasoline production dips as refineries
Sacramento - With some gasoline and diesel production units undergoing planned maintenance, production of reformulated gasoline in California refineries dropped 8.9 percent from the previous week, according to the Weekly Fuels Watch Report issued today by the California Energy Commission.
California refineries began their normal maintenance schedules in December. The repairs and upgrades in California should continue on a staggered basis into March 2006. Since these are planned events, refiners normally cover any shortfall in production by building inventories or increasing imports.
Production of reformulated gasoline for use in California averaged 886,571 barrels a day for the week ending January 13, 2006, a 5.4 percent decrease over this time last year. Inventories of reformulated gasoline, however, dipped only 1.2 percent from the previous week and are just 0.1 percent below last year's inventory levels. Spot market prices of CARB gasoline fell an average of 12 cents between January 6 and January 13, 2006, a sign that gasoline supplies are adequate.
Production of California diesel dropped 19.8 percent from the previous week because of refinery maintenance, but production was still 4.0 percent better than at this time last year. While inventories of CARB diesel fell 3.3 percent over the week, they were still 23.3 percent higher than at this date one year ago. The average spot market price of California diesel fell 5.75 cents between January 6 and January 13, 2006.
The entire Weekly Fuels Watch Report can be seen on the Energy Commission's Web site at
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