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For Immediate Release: November 8, 2006
Media Contact: Rob Schlichting - 916-654-4989

Gasoline, diesel production up
at California refineries

Sacramento - Overall gasoline and diesel production at California refineries increased the last week of November, according to the Weekly Fuels Watch Report issued today by the California Energy Commission.

Production of both California and non-California gasoline increased 1.0 percent in comparison to the week before, while California-only gasoline dropped just slightly - 0.2 percent - from the previous week. Averaging 994,571 barrels a day for the week ending December 1, 2006, production of California gasoline was 2.4 percent less than at this time a year ago. Inventories of the California fuel were stable, rising just 0.1 percent for the week and were 7.9 percent more abundant than one year ago.

Rising crude oil prices helped raise the average retail price of regular gasoline nationally to $2.30 a gallon, up 5.1 cents for the week ending December 4, 2006. California's retail price for regular faired better, rising only 0.3 cents, to a statewide average of $2.50 a gallon.

Production of California's Ultra Low Sulfur Diesel (ULSD) rose 35.7 percent from the previous week and was 16.4 percent above last year's output. ULSD inventories increased by 2.5 percent for the week but were 1.8 percent below comparable supplies at this time in 2005. Diesel prices moved up 5.1 cents nationally to average $2.62 for the week ending December 4, 2006; California's diesel prices climbed more precipitously, increasing 15.0 cents to a statewide average of $2.86 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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