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For Immediate Release: May 31, 2006
Contact: Rob Schlichting - 916-654-4989

Gasoline, diesel production up in California


Sacramento - Production of gasoline and diesel fuel jumped in the week before Memorial Day, according to the Weekly Fuels Watch Report issued today by the California Energy Commission.

California refineries produced an average of 1,038,714 barrels a day of reformulated gasoline for use in California for the week ending May 26, 2006. The last time CARB gasoline production averaged more than a million barrels a day was February 24, 2006.

This week's high output bested the previous week's low gasoline production by 17.9 percent and was 2.6 percent above production at this time a year ago. Inventories of the fuel climbed 11.2 percent from the previous week, but were 15.7 percent below last year's figures.

Increased production and additional inventories helped to lower prices going into the holiday weekend, when demand traditionally increases. For the week that ended Monday, the average retail price of regular gasoline in California fell 5.7 cents to $3.266 a gallon. The record California price of $3.332 a gallon was set in the week ending May 8, 2006. One year ago, California regular averaged $2.36 a gallon.

California diesel production increased 3.7 percent above the previous week's output, putting it just 0.2 percent below production levels one year ago. CARB diesel inventories fell 11.2 percent for the week, but were 6.0 percent more abundant than at this time last year.

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

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

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