California Mandated Gasoline Production Dropped Last Week
3/23 10:34 AM
California Mandated Gasoline Production Dropped Last Week OAKHURST, N.J. (DTN) -- California Energy Commission data show refiners cut production of the state mandated gasoline more than 8% through March 17 with the bulk of the downturn at southern area refineries. CEC's latest Weekly Fuels Report shows total CARB reformulated gasoline production backed off an 11-week high, down 521,000 bbl to 5.498 million bbl. Details of the report show output at southern refineries decreased 338,000 bbl while falling 183,000 bbl at refineries in the north. Total CARB RFG inventory decreased 128,000 bbl to 5.552 million bbl, 10.6% lower than stocks held the corresponding week last year. Broken down by region, CEC reports supply in southern California added 31,000 bbl while drawn down 158,000 bbl to the north. Refiners ramped up overall production of gasoline for-export 111,000 bbl as of March 17 and inventory held higher, up 477,000 bbl on the week. Total inventory of for-export gasoline in the state rose 45,000 bbl through March 10 while production fell 50,000 bbl. (c) Copyright 2023 DTN, LLC. All rights reserved.
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