CEC: California Mandated RFG Output Tumbled Nearly 14%%
7/19 7:48 AM
CEC: California Mandated RFG Output Tumbled Nearly 14% OAKHURST, N.J. (DTN) --- The California Energy Commission's latest Weekly Fuels Report details a near 14% slide in production of the state mandated reformulated gasoline during the week-ended July 13, with output maintaining an up-down pattern over nearly three months. CEC reported CARB RFG production slid 1.090 million bbl to 6.728 million bbl last week, 2.1% lower than the same week in 2017. Output of gasoline for export out-of-state rose 484,000 bbl to 1.117 million bbl on the week, up over 23% from a year earlier. Data showed CARB RFG inventories fell 628,000 bbl to 5.959 million bbl during the second week of July yet were nearly 20% higher than supply held a year earlier. Stocks of gasoline for export out-of-state rose 238,000 bbl to 1.278 million bbl, 406,000 bbl higher than the same week in 2017. Gasoline blending components supply increased 164,000 bbl to 5.666 million during the week-ended July 13, 10.8% above a year ago. CARB ULSD output continued lower, down 82,000 bbl to 1.848 million bbl last week, but up 275,000 bbl versus the same week in 2017. Output of ULSD for export out-of-state rose 175,000 bbl to 1.026 million bbl. CEC data showed CARB ULSD stocks continued lower, down 70,000 bbl on the week to 2.567 million bbl, about 10% more than supply on-hand last year. Supply of ULSD for export out-of-state rose 180,000 bbl to 1.170 million bbl. Production of jet fuel in the state fell 151,000 bpd last week to 2.101 million bbl and supplies tumbled nearly 500,000 bbl to 2.810 million bbl. Refiners cut back crude oil inputs 244,000 bbl to 12.738 million bbl during the week-ended July 13, which were nearly 14% above a year ago. Crude supplies posted a 1.591 million bbl build to 16.481 million bbl, 1.1% above stocks held the same week in 2017. (c) 2018 DTN. All rights reserved.