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CEC: California Mandated Gasoline, Diesel Supply Up on Wk
12/02 2:31 PM
CEC: California Mandated Gasoline, Diesel Supply Up on Wk OAKHURST, N.J. (DTN) --- The California Energy Commission reports supply of the reformulated gasoline blend and ultra-low sulfur diesel required in California by state mandates increase during the week ended Nov. 22 while production of the fuels were mixed. CEC's latest Weekly Fuels Report shows output of gasoline meeting California's fuel specifications continued lower, down 48,000 bbl to 6.517 million bbl in the week profiled while 6% lower than the same week in 2018. Output of gasoline for out-of-state export dropped 357,000 bbl to 804,000 bbl, data show. According to the data, CARBOB inventories continued higher, rising 544,000 bbl to 5.403 million bbl, a 7.5% year-over-year supply surplus. Stocks of gasoline for export out-of-state added 20,000 bbl to 1.083 million bbl with overall gasoline supply 564,000 bbl higher at 6.486 million bbl. Supply of gasoline blending components dropped 270,000 bbl in the week ended Nov. 22 to 5.807 million bbl, about 2% above the same week last year. CARB ULSD production in the state was again higher, up 56,000 bbl to 1.282 million bbl, a nine-week high but nearly 20% lower than this time last year. Output of ULSD for export out-of-state continued lower, falling 228,000 bbl to 1.406 million bbl, 136,000 bbl lower than a year ago. Data show CARB ULSD supply increased 423,000 bbl to 1.788 million bbl, a seven-week high and about 1% more than the corresponding week in 2018. Supply of ULSD meeting federal specifications dropped 482,000 bbl to 2.035 million bbl in the week ended Nov. 22, 713,000 bbl above last year. Jet fuel production held higher, up 71,000 bbl to 2.022 million bbl last week, 13.3% lower than a year ago while supplies added 62,000 bbl to 2.747 million bbl, a 14.8% year-over-year supply deficit. Refiners in the state cut back crude oil inputs by 191,000 bbl to 11.638 million bbl, 8.5% below a year ago. Supply of crude oil tumbled 1.380 million bbl to 15.424 million bbl, data show. (c) 2019 DTN. All rights reserved.