CEC: California Gasoline Stocks Fall 1.03M Bbl on Week


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- California gasoline inventories declined in the week 
ending January 2, pressured by draws in both Northern and Southern California, 
according to the California Energy Commission's Weekly Fuels Report released 
Thursday (1/8).

   Statewide gasoline stocks, including CARB reformulated, non-California, and 
blending components, tumbled by 1.029 million bbl to 10.446 million bbl, but 
were still 0.1% higher than a year earlier.

   Northern California gasoline inventories slipped by 49,000 bbl to 5.405 
million bbl, remaining 15% above levels a year earlier.

   Northern CARB reformulated gasoline stocks fell by 119,000 bbl to 2.981 
million bbl. Northern non-California gasoline stocks edged higher by 2,000 bbl 
to 338,000 bbl, while Northern blending components climbed by 68,000 bbl to 
2.086 million bbl.

   Southern California gasoline inventories declined by 980,000 bbl to 5.041 
million bbl, standing 12% below last year.

   Southern CARB reformulated gasoline stocks dropped by 365,000 bbl to 2.252 
million bbl. Southern non-California gasoline fell by 36,000 bbl to 522,000 
bbl, while Southern blending components declined by 579,000 bbl to 2.267 
million bbl.

   Statewide gasoline production fell by 460,000 bbl to 5.458 million bbl, 12% 
lower than last year.

   Southern California gasoline production declined by 153,000 bbl to 3.546 
million bbl, down 5% annually.

   Southern CARB reformulated gasoline production fell by 154,000 bbl to 3.182 
million bbl, while Southern non-California gasoline production edged higher by 
1,000 bbl to 364,000 bbl.

   Northern California gasoline production dropped by 307,000 bbl to 1.912 
million bbl, standing 22% below levels a year earlier.

   Northern CARB reformulated gasoline production decreased by 345,000 bbl to 
1.681 million bbl, while Northern non-California gasoline production rose by 
38,000 bbl to 231,000 bbl.




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