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For Immediate Release: August 2, 2006
Media Contact: Rob Schlichting - 916-654-4989

Gasoline, diesel production rise but
inventories drop slightly


Sacramento - The second week of California's record heat storm didn't seriously hamper local refineries' production of California gasoline and diesel, according to the Weekly Fuels Watch Report issued today by the California Energy Commission.

For the week ending July 28, 2006, production of California gasoline averaged 947,429 barrels a day, a 2.4 percent increase over the previous week. Production was 4.5 percent below output at this time a year ago.

Inventories of California-specific gasoline, however, declined 1.9 percent from the previous week and are 7.7 percent lower than at this time last year. Inventories remain about average when compared to totals over the past five years, and wholesale gasoline prices dropped slightly during the week. While the weekly retail price of regular gasoline across the nation held steady at $3.00 a gallon, California's retail average declined 2.2 cents to $3.20 for the week ending July 31, 2006.

Production of California's Ultra Low Sulfur Diesel (ULSD) increased 1.5 percent above the week before and was 8.4 percent higher than last year's comparable output. Inventories of California ULSD dropped 4.6 percent from the previous week's, but remain 46 percent higher than corresponding supplies 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

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Editor's note:
The figures released today are preliminary and may change slightly over time. This summer the Energy Commission is also posting a weekly Petroleum Watch report, which provides useful background information on petroleum markets and California refineries. You can find the report on the Energy Commission's Web site at:

www.energy.ca.gov/consumerfuels

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