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Overall gasoline and diesel production,
inventories up in state
Sacramento-Inventories of both gasoline and diesel increased in California last week as production improved, according to the Weekly Fuels Watch Report issued today by the California Energy Commission.
Overall gasoline production - which includes gasoline for export to nearby states as well as California's unique blend - averaged 1,184,857 barrels a day for the week ending June 23, 2006. That figure represents an 8.4 percent increase from the week before. Production of diesel fuel for both in-state and out-of-state use was up 7.1 percent for the week.
California-only gasoline production approached the million-barrels-a-day level. Daily production over the week averaged 994,429 barrels, a 6.5 percent increase from previous week, just 0.4 percent below output for this time last year. Inventories of California-only gasoline rose 8.6 percent over the week, but remain 16.4 percent below last year's unusually abundant supplies.
The weekly averaged retail price of gasoline in the state dropped 3.5 cents for the week ending June 26, 2006, settling at $3.16 a gallon for regular.
Virtually all the diesel fuel now refined in California is Ultra Low Sulfur Diesel (ULSD) that contains no more than 15 parts per million of sulfur. Production of ULSD for use in California declined 6.5 percent from the previous week's figures but was still 1.2 percent higher than last year's output. Inventories of the California-only fuel increased 5.7 percent over the week and were 26.8 percent higher than a year ago. Increased production of diesel that meets less stringent federal low sulfur specifications rose 59.7 percent, boosting the overall diesel output numbers.
Today's entire Weekly Fuels Watch Report can be seen on the Energy Commission's Web site at:
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The figures released today are preliminary and may change slightly over time. This summer the Energy Commission is also posting a weekly version of its monthly Petroleum Watch, which provides useful background information on petroleum markets and California refineries. You can find the report on the Energy Commission's Web at: