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For Immediate Release: November 29, 2006
Rob Schlichting: person - 916-654-4989

Gasoline production down from previous
week's high


Sacramento - Gasoline production in California over Thanksgiving week dropped from the previous week's record output that was the highest for that date in over five years.

Production of California's gasoline blends averaged 996,286 barrels a day for the week ending November 24, 2006, down 6.9 percent from the previous week's high daily average of 1,070,286 barrels. But according to the Weekly Fuels Watch Report issued today by the California Energy Commission, last week's production was still 10.2 percent higher than at this time a year ago. Inventories fell 2.4 percent for the week but were 15.5 percent more abundant than last year's stockpiles.

California's retail price for regular gasoline fell slightly to a statewide average of $2.49 a gallon for the week ending November 27, 2006, 8 cents higher than at this time one year ago.

Production of California's Ultra Low Sulfur Diesel (ULSD) climbed 3.9 percent from the previous week's production and was 0.4 percent above last year's totals. Inventories, however, dropped off by 13.5 percent for the week and are 1.9 percent below comparable supplies a year ago. The statewide retail price of diesel moved up two cents to $2.71 a gallon for the week ending November 27, 2006. At this time in 2005, the average statewide price of diesel was $2.56 a gallon.

Today's entire Weekly Fuels Watch Report can be seen on the Energy Commission's website 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 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:

www.energy.ca.gov/consumerfuels/

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