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For Immediate Release: September 7, 2006
Media Contact: Rob Schlichting - 916-654-4989

This is a corrected version of the press release issued yesterday. Late Wednesday a refinery revised their output figures, changing some of the percentages and production totals we reported earlier. The online version of the Weekly Fuels Watch Report has been updated to reflect the revised information.

Gasoline, diesel production beats
totals for previous week, last year


Sacramento - Production of both California gasoline and diesel improved last week, according to the Weekly Fuels Watch Report issued today by the California Energy Commission.

For the week ending September 1, 2006, production of California gasoline averaged 957,857 barrels a day, a 3.2 percent increase over the previous week and an 11.2 percent increase when compared to this time one year ago.

Inventories of California-specific gasoline dipped 3.5 percent from the previous week and are 1.5 percent below supplies at this time last year. Inventories remain about average when compared to totals over the past five years, and the statewide retail price of regular dropped nearly 9 cents, averaging $3.01 for the week ending September 4, 2006.

Production of California's Ultra Low Sulfur Diesel (ULSD) rose 5.6 percent for the week and was 13.2 percent higher than last year's comparable output. Inventories of California ULSD were 3.9 percent higher than the previous week's and 19.2 percent higher than corresponding supplies this time in 2005. Prices of the diesel fuel fell 2 cents, averaging $3.18 a gallon statewide for the week ending September 4, 2006.

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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