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For Immediate Release: July 5, 2006
Media Contact: Rob Schlichting - 916-654-4989

Gasoline inventories increase
despite weak production levels


Sacramento - Inventories of reformulated gasoline for use only in California increased going into the July 4th weekend even as production fell, according to the Weekly Fuels Watch Report issued today by the California Energy Commission.

For the week ending June 30, 2006, California-only gasoline inventories rose 1.7 percent from the week before. Imports appear to have boosted gasoline supply, although inventories remain 11.7 percent below last year's unusually high levels.

Minor problems hampered refiners' ability to produce gasoline, especially in the southern part of the state. Production of CARB gasoline statewide averaged 957,429 barrels a day, a 3.7 percent downturn from the previous week and 7.6 percent below production a year ago at this time.

Production of Ultra Low Sulfur Diesel for California use climbed 7.7 percent from the previous week and was 16.8 percent higher than production of diesel for in-state use a year ago. Inventories of the cleaner-burning fuel jumped 5.4 percent over the week and were 35.8 percent higher than inventories a year ago.

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

www.energy.ca.gov/database/fore

This summer the Energy Commission is also posting a weekly version of the Petroleum Watch, which provides useful background information on petroleum markets and California refineries. You can find the report on the Energy Commission's Web site by going to:

www.energy.ca.gov/consumerfuels

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Editor's note:
The figures released today are preliminary and may change slightly over time.

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