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The Causes for Gasoline Price Changes in California During 2003

The Causes for Gasoline Price Changes in California During 2003. Presentation to the Pacific Agribusiness Alliance Oxnard, California September 30, 2003 Pat Perez, Manager Transportation Fuels Office California Energy Commission. Presentation Topics.

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The Causes for Gasoline Price Changes in California During 2003

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  1. The Causes for Gasoline Price Changes in California During 2003 Presentation to the Pacific Agribusiness Alliance Oxnard, California September 30, 2003 Pat Perez, Manager Transportation Fuels Office California Energy Commission Presentation by Pat Perez, Manager, Transportation Fuels Office

  2. Presentation Topics • Overview of California’s petroleum market • California supply and demand outlook • Components of gasoline & diesel prices • Price trends and factors affecting fuel prices • Responding to short-term and long-term supply issues • Analytical Studies • Recommendations to Governor and Legislature Presentation by Pat Perez, Manager, Transportation Fuels Office

  3. Gasoline and Diesel Demand * Note: Year 2003 is January through May only. Presentation by Pat Perez, Manager, Transportation Fuels Office

  4. Projected Transportation Demand versus Supply Presentation by Pat Perez, Manager, Transportation Fuels Office

  5. Sources of Crude Oil into CaliforniaForeign Imports in 2002(Total = 205 Million Barrels) Presentation by Pat Perez, Manager, Transportation Fuels Office

  6. California Refining Utilization Presentation by Pat Perez, Manager, Transportation Fuels Office

  7. California Reformulated Gasoline ProductionJanuary 2003 to Present Presentation by Pat Perez, Manager, Transportation Fuels Office

  8. Gasoline Imports into California(Including Blendstocks and Oxygenates) Presentation by Pat Perez, Manager, Transportation Fuels Office

  9. InventoriesCalifornia Gasoline & BlendstocksJanuary 2003 to Present Presentation by Pat Perez, Manager, Transportation Fuels Office

  10. Petroleum Flows Presentation by Pat Perez, Manager, Transportation Fuels Office

  11. Gasoline and Diesel Comparison 9/15/03 Gasoline Price: $2.034 9/15/03 Diesel Price: $1.648 Presentation by Pat Perez, Manager, Transportation Fuels Office

  12. Price Trends…Alaska North Slope Crude Oil Prices Presentation by Pat Perez, Manager, Transportation Fuels Office

  13. Gasoline Price ComparisonRetail Gasoline Prices - California vs. U.S. All Formulations January 2003 to Present Presentation by Pat Perez, Manager, Transportation Fuels Office

  14. Diesel Price ComparisonRetail Diesel Prices - California vs. U.S.January 2003 to Present Presentation by Pat Perez, Manager, Transportation Fuels Office

  15. Recent Studies • Feasibility of a Strategic Fuel Reserve in California (July) • Reducing California’s Petroleum Dependence (August) • Quarterly Report Concerning MTBE Use in California Gasoline (August) • Gulf Coast to California Pipeline Feasibility Study (August) • Causes for Gasoline and Diesel Price Increases in California (September) Presentation by Pat Perez, Manager, Transportation Fuels Office

  16. Key Recommendations to Governor and Legislature • Identify a state licensing authority for petroleum storage infrastructure and related facilities • Support (without $) proposed petroleum product pipeline capacity expansions and completion and operation of new lines in Nevada, Arizona, New Mexico and Texas • Adopt a statewide goal of reducing demand for on-road gasoline and diesel to 15 percent below the 2003 demand level by 2020 • Work with the California congressional delegation and other states to establish a national fuel economy standards that double the fuel efficiency of new cars, light trucks and sport utility vehicles • Establish a goal to increase the use of non-petroleum fuels to 20% of on-road fuel consumption by 2020 and 30% by 2030 Presentation by Pat Perez, Manager, Transportation Fuels Office

  17. For More Information aboutPetroleum Activities… Visit the California Energy Commission’s web site at: www.energy.ca.gov or call Pat Perez, Manager Transportation Fuels Office Transportation Energy Division pperez@energy.state.ca.us (916) 654-4869 Presentation by Pat Perez, Manager, Transportation Fuels Office

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