CEC: California CARB Diesel Stocks Tumble 20%


   
Nicholas Bell
DTN Refined Fuels Market Reporter

   CEC: California CARB Diesel Stocks Tumble 20%

   TACOMA, WA (DTN) -- California production of ultra-low sulfur diesel (CARB 
diesel) declined last week while inventories dropped sharply across the state, 
led by steep drawdowns in both Northern and Southern California, according to 
the California Energy Commission's Weekly Fuels Report for the week ending 
April 4.

   CARB diesel production dipped 48,000 bbl to 471,000 bbl statewide, last 
week. Output fell sharply in Northern California, in the week ending April 4, 
down 391,000 bbl to just 76,000 bbl, while Southern California refineries 
increased production by 33,000 bbl to 395,000 bbl, partially offsetting the 
northern drop.

   Statewide CARB diesel stocks dropped 414,000 bbl, or 20.1% in the week 
profiled to 1.211 million bbl.

   In Northern California, inventories declined 146,000 bbl to 691,000 bbl, in 
the week ending April 4 while Southern California stocks plummeted by 268,000 
bbl to 520,000 bbl in the same period, according to the CEC.

   Meanwhile, production of other diesel fuels, including EPA-compliant ULSD, 
surged 224,000 bbl last week to 1.023 million bbl statewide--driven largely by 
gains in both the northern and southern regions. Stocks of other diesel fuels 
rose 398,000 bbl to 1.715 million bbl.

   Despite the rebound in non-CARB diesel, total CARB diesel inventories remain 
well below seasonal averages, down 15.6% from the same week a year ago.




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