09/30/03presentation by pat perez, manager, transportation fuels office 1 the causes for gasoline...

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C A LIFO RNIA EN ERGY C OM MISSIO N 09/30/03 Presentation by Pat Perez, Ma nager, Transportation Fuels O ffice 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

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  • The Causes for Gasoline Price Changes in California During 2003

    Presentation to the Pacific Agribusiness AllianceOxnard, CaliforniaSeptember 30, 2003

    Pat Perez, ManagerTransportation Fuels OfficeCalifornia Energy Commission

    Presentation by Pat Perez, Manager, Transportation Fuels Office

  • Presentation TopicsOverview of Californias petroleum marketCalifornia supply and demand outlookComponents of gasoline & diesel pricesPrice trends and factors affecting fuel pricesResponding to short-term and long-term supply issuesAnalytical StudiesRecommendations to Governor and Legislature

    Presentation by Pat Perez, Manager, Transportation Fuels Office

  • Gasoline and Diesel Demand* Note: Year 2003 is January through May only.

    Presentation by Pat Perez, Manager, Transportation Fuels Office

    Chart3

    2.63276009814.544627116

    2.62736569115.11714301

    2.70012253915.513415849

    1.0332922636.207668664

    Diesel Consumption

    Gasoline Consumption

    Billions of Gallons

    Sheet1

    GasolineDiesel

    9/15/03Gasoline Percent9/15/03Diesel percent

    203.40100%164.80100%

    Taxes51.4725%53.2732%

    D&M44.4522%23.5814%

    Refining43.1221%23.5914%

    Crude Oil64.3632%64.3639%

    107.4887.95

    188.3333333333146.8

    15.0666666667135.9259259259

    18.410.8740740741

    1818

    24.4

    GasolineDieselCrude OilRefiningDistribution and MarketingTaxes

    Taxes25%32%Gasoline32%21%22%25%

    Distribution and Marketing22%14%Diesel39%14%14%32%

    Refining21%14%

    Crude Oil32%39%TaxesDistribution and MarketingRefiningCrude Oil

    25%22%21%32%

    32%14%14%39%

    2000633,252.02,002,900.0731,058.5

    2001637,459.02,019,050.0736,953.3

    2002651,802.02,027,720.0740,117.8

    2000633,252.0731,058.5

    2001637,459.0736,953.3

    2002651,802.0740,117.8

    Gallons2000200120022003*

    Diesel2.62.62.71.0Through May

    Gasoline14.515.115.56.2Through May

    0.00000000260.00000000260.00000000270.000000001

    0.00000001450.00000001510.00000001550.0000000062

    Sheet1

    0.31640679870.21201011380.21855129470.2530317929

    0.39051664360.14316054090.14305780290.3232650126

    Crude Oil

    Refining

    Distribution and Marketing

    Taxes

    September 15, 2003 Price Analysis

    00

    00

    00

    Crude Oil Inputs

    Refinery Capacity

    Millions of Barrels

    00

    00

    00

    00

    Diesel Consumption

    Gasoline Consumption

    Billions of Gallons

  • Projected Transportation Demand versus Supply

    Presentation by Pat Perez, Manager, Transportation Fuels Office

    Chart1

    17.917.3

    1817.4

    18.617.5

    19.117.5

    19.417.6

    19.817.7

    20.217.8

    20.617.9

    20.918

    21.218.1

    21.418.2

    21.718.3

    21.918.3

    22.218.4

    22.418.5

    22.718.6

    22.918.7

    23.218.8

    23.418.9

    23.719

    23.919.1

    24.219.2

    Estimated Supply from In-State Refineries for California

    2,900 mil. gals

    5,000 mil. gals

    gas plus diesel

    in-state supply

    Billion Gallons Gasoline Equivalent

    Projected Gasoline Plus Diesel Demand

    Sheet1

    gas plus dieselin-state supplygas plus dieselin-state supply

    200217961.415759571417329.5724749107200217.917.3

    200318054.747297428617416.220337285320031817.4

    200418633.835294314317503.3014389717200418.617.5

    200519106.459100270417590.8179461665200519.117.5

    200619499.236128863817678.7720358974200619.417.6

    200719871.820970532517767.1658960769200719.817.7

    200820264.667079456617856.0017255572200820.217.8

    200920624.696808639917945.281734185200920.617.9

    201020961.99040153518035.0081428559201020.918

    201121250.55185802618125.1831835702201121.218.1

    201221496.771247997218215.8090994881201221.418.2

    201321719.80737597618306.8881449855201321.718.3

    201421973.583220217218398.4225857104201421.918.3

    201522209.425531463118490.414698639201522.218.4

    201622479.530588726618582.8667721322201622.418.5

    201722736.640239820718675.7811059928201722.718.6

    201822991.778726347618769.1600115228201822.918.7

    201923240.540004608718863.0058115804201923.218.8

    202023480.996516955618957.3208406383202023.418.9

    202123727.191167463719052.1074448415202123.719

    202223984.750109822419147.3679820657202223.919.1

    202324246.343427096619243.104821976202324.219.2

    Sheet2

    Sheet2

    17.917.3

    1817.4

    18.617.5

    19.117.5

    19.417.6

    19.817.7

    20.217.8

    20.617.9

    20.918

    21.218.1

    21.418.2

    21.718.3

    21.918.3

    22.218.4

    22.418.5

    22.718.6

    22.918.7

    23.218.8

    23.418.9

    23.719

    23.919.1

    24.219.2

    Estimated Supply from In-State Refineries for California

    2,900 mil. gals

    5,000 mil. gals

    gas plus diesel

    in-state supply

    Billion Gallons Gasoline Equivalent

    Projected Gasoline Plus Diesel Demand

    Sheet3

    Sheet3

    17961.415759571417329.5724749107

    18054.747297428617416.2203372853

    18633.835294314317503.3014389717

    19106.459100270417590.8179461665

    19499.236128863817678.7720358974

    19871.820970532517767.1658960769

    20264.667079456617856.0017255572

    20624.696808639917945.281734185

    20961.99040153518035.0081428559

    21250.55185802618125.1831835702

    21496.771247997218215.8090994881

    21719.80737597618306.8881449855

    21973.583220217218398.4225857104

    22209.425531463118490.414698639

    22479.530588726618582.8667721322

    22736.640239820718675.7811059928

    22991.778726347618769.1600115228

    23240.540004608718863.0058115804

    23480.996516955618957.3208406383

    23727.191167463719052.1074448415

    23984.750109822419147.3679820657

    24246.343427096619243.104821976

    Projected Gasoline Plus Diesel Demand

    Estimated Supply from In-State Refineries for California

    2,900 mil. gals

    5,000 mil. gals

    Estimated Supply from In-State Refineries for California

    Million Gallons Gasoline Equivalent

  • Sources of Crude Oil into California Foreign Imports in 2002(Total = 205 Million Barrels)

    Presentation by Pat Perez, Manager, Transportation Fuels Office

    CrudeChart

    0.201124892

    0.1952748907

    0.1367626255

    0.0844219358

    0.0833195434

    0.0731256842

    0.2259704283

    Crude

    Iraq20.1%41,252,047

    Saudi Arabia19.5%40,052,173

    Ecuador13.7%28,050,920

    Mexico8.4%17,315,498

    Angola8.3%17,089,390

    Argentina7.3%14,998,562

    Others22.6%46,348,031

    100205,106,621

    MGChart

    4.941622200723.40573

    4.73088837117.3599022

    3.080259180411.986103

    11.818994635610.6219001

    7.679850595514.16000292

    18.184749534117.85255964

    9.059176690120.095

    Foreign

    Domestic

    Year

    Million Barrels

    Gasoline Imports into California(Including Blendstocks)

    MG

    from PIERSfrom EIA/PSMfrom PIERSfrom EIA/PSMfrom ACE

    ForeignDomestic/GulfForeignDomestic/GulfDomestic/WAForeignDomestic

    19964,941,6224,751,00019964.944.7518.6519964.9423.41

    19974,730,8881,600,00019974.731.6015.7619974.7317.36

    19983,080,2591,522,00019983.081.5210.4619983.0811.99

    199911,818,9953,033,000199911.823.037.59199911.8210.62

    20007,679,8512,617,00020007.682.6211.5420007.6814.16

    200118,184,7502,999,000200118.183.0014.85200118.1817.85

    20029,059,1775,095,00020029.065.1015.0020029.0620.10

    Source: Foreign from PIERS 9/17/03. Domestic from DOE/EIA PSM for PADD 3 to PADD 5 by tanker, or ACE for WA to CA.

    Sheet3

  • California Refining Utilization

    Presentation by Pat Perez, Manager, Transportation Fuels Office

    Chart2

    633252731058.5

    637459736953.25

    651802740117.8

    Crude Oil Inputs

    Refinery Capacity

    Millions of Barrels

    Sheet1

    GasolineDiesel

    9/15/03Gasoline Percent9/15/03Diesel percent

    203.40100%164.80100%

    Taxes51.4725%53.2732%

    D&M44.4522%23.5814%

    Refining43.1221%23.5914%

    Crude Oil64.3632%64.3639%

    107.4887.95

    188.3333333333146.8

    15.0666666667135.9259259259

    18.410.8740740741

    1818

    24.4

    GasolineDieselCrude OilRefiningDistribution and MarketingTaxes

    Taxes25%32%Gasoline32%21%22%25%

    Distribution and Marketing22%14%Diesel39%14%14%32%

    Refining21%14%

    Crude Oil32%39%TaxesDistribution and MarketingRefiningCrude Oil

    25%22%21%32%

    32%14%14%39%

    2000633,252.02,002,900.0731,058.5

    2001637,459.02,019,050.0736,953.3

    2002651,802.02,027,720.0740,117.8

    2000633,252.0731,058.5

    2001637,459.0736,953.3

    2002651,802.0740,117.8

    Sheet1

    0000

    0000

    Crude Oil

    Refining

    Distribution and Marketing

    Taxes

    September 15, 2003 Price Analysis

    00

    00

    00

    Crude Oil Inputs

    Refinery Capacity

    Millions of Barrels

  • California Reformulated Gasoline ProductionJanuary 2003 to Present

    Presentation by Pat Perez, Manager, Transportation Fuels Office

    PRODUCTION CHART

    6.87

    6.171

    6.893

    6.308

    6.262

    6.262

    6.075

    6.15

    5.964

    6.431

    7.58

    6.786

    6.592

    6.672

    7.287

    7.325

    7.465

    7.534

    6.793

    7.46

    6.503

    7.656

    6.676

    6.374

    6.776

    6.884

    6.592

    6.463

    7.234

    6.69

    7.235

    6.503

    7.035

    6.966

    6.68

    7.237

    Finished Gasoline and Blenstocks

    Million Barrels

    PIIRA PRODUCTION

    DATEPIIRA (000 barrels)millions of barrels

    03-Jan-0368706.87

    10-Jan-0361716.171

    17-Jan-0368936.893

    24-Jan-0363086.308

    31-Jan-0362626.262

    07-Feb-0362626.262

    14-Feb-0360756.075

    21-Feb-0361506.15

    28-Feb-0359645.964

    07-Mar-0364316.431

    14-Mar-0375807.58

    21-Mar-0367866.786

    28-Mar-0365926.592

    04-Apr-0366726.672

    11-Apr-0372877.287

    18-Apr-0373257.325

    25-Apr-0374657.465

    02-May-0375347.534

    09-May-0367936.793

    16-May-0374607.46

    23-May-0365036.503

    30-May-0376567.656

    06-Jun-0366766.676

    13-Jun-0363746.374

    20-Jun-0367766.776

    27-Jun-0368846.884

    04-Jul-0365926.592

    11-Jul-0364636.463

    18-Jul-0372347.234

    25-Jul-0366906.69

    01-Aug-0372357.235

    08-Aug-0365036.503

    15-Aug-0370357.035

    22-Aug-036,9666.966

    29-Aug-036,6806.68

    05-Sep-037,2377.237

    12-Sep-030

    19-Sep-030

    26-Sep-030

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    WCESTUS1

    WCESTP51

    Figure 6 _USA

    Figure 6 _USA

    278.689

    272.26

    273.845

    273.337

    274.281

    269.841

    272.899

    271.865

    273.562

    269.757

    270.229

    273.934

    280.667

    277.107

    277.239

    286.21

    288.032

    287.2

    284.477

    285.141

    286.168

    289.032

    284.365

    288.349

    Crude Oil Inventory - USA

    Million Barrels

    Figure 5US Crude Oil InventoriesJanuary 4, 2003 through June 13, 2003

    Figure 7 - Finished Gas

    Figure 7 - Finished Gas

    33.247

    32.3

    32.142

    31.343

    31.518

    32.023

    30.313

    29.598

    29.215

    28.614

    30.476

    29.712

    30.27

    30.586

    32.427

    32.603

    33.325

    35.122

    32.827

    32.002

    31.712

    31.205

    29.44

    28.984

    Finished Gasoline - PADD 5

    Thousand Barrels

    Figure 6EIA PADD 5 Finished Gasoline InventoriesJanuary 4, 2003 through June 13, 2003

  • Gasoline Imports into California (Including Blendstocks and Oxygenates)

    Presentation by Pat Perez, Manager, Transportation Fuels Office

  • InventoriesCalifornia Gasoline & BlendstocksJanuary 2003 to Present

    Presentation by Pat Perez, Manager, Transportation Fuels Office

    Chart2

    14.029

    13.369

    13.954

    14.328

    14.015

    13.904

    13.582

    13.082

    13.15

    12.284

    12.888

    12.603

    12.431

    13.108

    13.711

    12.969

    13.598

    13.72

    13.315

    14.092

    13.44

    12.48

    11.981

    11.578

    10.892

    11.959

    11.71

    12.357

    12.707

    12.871

    12.029

    11.318

    9.887

    10.596

    10.213

    10.551

    Finished Gasoline and Blenstocks

    Million Barrels

    PIIRA STOCKS

    DATEPIIRA (000 barrels)millions of barrels

    03-Jan-031402914.029

    10-Jan-031336913.369

    17-Jan-031395413.954

    24-Jan-031432814.328

    31-Jan-031401514.015

    07-Feb-031390413.904

    14-Feb-031358213.582

    21-Feb-031308213.082

    28-Feb-031315013.15

    07-Mar-031228412.284

    14-Mar-031288812.888

    21-Mar-031260312.603

    28-Mar-031243112.431

    04-Apr-031310813.108

    11-Apr-031371113.711

    18-Apr-031296912.969

    25-Apr-031359813.598

    02-May-031372013.72

    09-May-031331513.315

    16-May-031409214.092

    23-May-031344013.44

    30-May-031248012.48

    06-Jun-031198111.981

    13-Jun-031157811.578

    20-Jun-031089210.892

    27-Jun-031195911.959

    04-Jul-031171011.71

    11-Jul-031235712.357

    18-Jul-031270712.707

    25-Jul-031287112.871

    01-Aug-031202912.029

    08-Aug-031131811.318

    15-Aug-0398879.887

    22-Aug-0310,59610.596

    29-Aug-0310,21310.213

    05-Sep-0310,55110.551

    12-Sep-030

    19-Sep-030

    26-Sep-030

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    WCESTUS1

    WCESTP51

    Figure 6 _USA

    Figure 6 _USA

    278.689

    272.26

    273.845

    273.337

    274.281

    269.841

    272.899

    271.865

    273.562

    269.757

    270.229

    273.934

    280.667

    277.107

    277.239

    286.21

    288.032

    287.2

    284.477

    285.141

    286.168

    289.032

    284.365

    288.349

    Crude Oil Inventory - USA

    Million Barrels

    Figure 5US Crude Oil InventoriesJanuary 4, 2003 through June 13, 2003

    Figure 7 - Finished Gas

    Figure 7 - Finished Gas

    33.247

    32.3

    32.142

    31.343

    31.518

    32.023

    30.313

    29.598

    29.215

    28.614

    30.476

    29.712

    30.27

    30.586

    32.427

    32.603

    33.325

    35.122

    32.827

    32.002

    31.712

    31.205

    29.44

    28.984

    Finished Gasoline - PADD 5

    Thousand Barrels

    Figure 6EIA PADD 5 Finished Gasoline InventoriesJanuary 4, 2003 through June 13, 2003

  • Petroleum Flows

    Presentation by Pat Perez, Manager, Transportation Fuels Office

  • Gasoline and Diesel Comparison9/15/03 Diesel Price: $1.6489/15/03 Gasoline Price: $2.034

    Presentation by Pat Perez, Manager, Transportation Fuels Office

    Chart1

    0.31640679870.25303179290.21201011380.2185512947

    0.39051664360.32326501260.14316054090.1430578029

    Crude Oil

    Taxes

    Refining

    Distribution and Marketing

    Sheet1

    GasolineDiesel

    9/15/03Gasoline Percent9/15/03Diesel percent

    203.40100%164.80100%

    Taxes51.4725%53.2732%

    D&M44.4522%23.5814%

    Refining43.1221%23.5914%

    Crude Oil64.3632%64.3639%

    107.4887.95

    188.3333333333146.8

    15.0666666667135.9259259259

    18.410.8740740741

    1818

    24.4

    GasolineDieselCrude OilTaxesRefiningDistribution and Marketing

    Taxes25%32%Gasoline32%25%21%22%

    Distribution and Marketing22%14%Diesel39%32%14%14%

    Refining21%14%

    Crude Oil32%39%TaxesDistribution and MarketingRefiningCrude Oil

    25%22%21%32%

    32%14%14%39%

    Sheet1

    0.31640679870.25303179290.21201011380.2185512947

    0.39051664360.32326501260.14316054090.1430578029

    Crude Oil

    Taxes

    Refining

    Distribution and Marketing

    September 15, 2003 Price Analysis

  • Price TrendsAlaska North Slope Crude Oil Prices

    Presentation by Pat Perez, Manager, Transportation Fuels Office

    Chart1

    28.292000

    23.212001

    24.832002

    Jan-0331.77

    Feb-0335.26

    Mar-0332.21

    Apr-0325.58

    May-0326.28

    Jun-0329.4

    Jul-0329.24

    Aug-0330.22

    Sep-0327.94

    Yearly Average

    Monthly Average

    US $/Barrel

    Sheet1

    200028.29

    200123.21

    200224.83

    Jan-0331.77

    Feb-0335.26

    Mar-0332.21

    Apr-0325.58

    May-0326.28

    Jun-0329.40

    Jul-0329.24

    Aug-0330.22

    Sep-0327.94

    Sheet1

    Alaska North Slope Crude Oil

    US $/Barrel

  • Gasoline Price ComparisonRetail Gasoline Prices - California vs. U.S. All Formulations January 2003 to Present

    Presentation by Pat Perez, Manager, Transportation Fuels Office

    Chart1 Gasoline Retail

    144.4157.7

    145.4159.2

    145.9163.4

    147.3164.9

    152.7168.3

    160.7175.2

    166186.2

    165.8192.2

    168.6201.2

    171.2208.4

    172.8214.5

    169214.3

    164.9213

    163211.5

    159.5207.7

    157.4200.9

    155.7197.7

    151.3192.8

    149.1186.7

    149.8180.9

    148.7176.3

    147.3173.2

    149169.6

    151.8178.7

    149.6180.5

    148.7180

    148.9178.5

    152.1175.7

    152.4172.5

    151.6170.7

    153.6170.3

    157.1174.3

    162.7192

    174.7210.1

    174.6210

    171.7208.5

    169.7203.4

    &A

    Page &P

    US Gasoline

    CA Gasoline

    Cents Per Gallon

    CA Motor Gasoline

    HomeCalifornia Regular Reformulated Area Retail Gasoline Price (Cents/Gallon)

    DateU.S. Regular All Formulations Area Retail Gasoline Price (Cents/Gallon)Difference

    1/2/95126.4107.918.5

    1/9/95126.7108.618.1

    1/16/95126.8107.819

    1/23/95125.7108.317.4

    1/30/95125.4108.317.1

    2/6/95124.9107.617.3

    2/13/95124.7107.417.3

    2/20/95124.4106.717.7

    2/27/95124107.316.7

    3/6/95124107.616.4

    3/13/95122.9106.916

    3/20/95122.7106.815.9

    3/27/95122107.514.5

    4/3/95121.6108.712.9

    4/10/95123.9110.313.6

    4/17/95124111.712.3

    4/24/95125.9113.812.1

    5/1/95125.9114.811.1

    5/8/95127.1116.910.2

    5/15/95128.1117.910.2

    5/22/95128.2119.78.5

    5/29/95127.7119.97.8

    6/5/95127119.97.1

    6/12/95126.4119.66.8

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  • Diesel Price ComparisonRetail Diesel Prices - California vs. U.S.January 2003 to Present

    Presentation by Pat Perez, Manager, Transportation Fuels Office

    Chart1 Diesel Retail

    150.1158.6

    147.8155.9

    148157.1

    149.2159.8

    154.2163.5

    166.2170

    170.4178.3

    170.9178.2

    175.3183.2

    177.1186.6

    175.2186.9

    166.2178.7

    160.2173.5

    155.4169.5

    153.9165.8

    152.9164.7

    150.8160.1

    148.4158.8

    144.4153.4

    144.3152.2

    143.4152.6

    142.3151.1

    142.2151.7

    143.2165.1

    142.3162.6

    142160.2

    142.8161.4

    143.5161.2

    143.9164

    143.8167.3

    145.3169.5

    149.2171.5

    149.8174.1

    150.3175

    150.1173.1

    148.8169.2

    147.1164.8

    &A

    Page &P

    Average U.S.

    California

    Cents Per Gallon

    Sheet1

    HomeUS No 2 Diesel Retail Sales by All Sellers (C/gal)California No 2 Diesel Retail Sales by All Sellers (C/gal)

    Date

    1/6/03150.1158.6

    1/13/03147.8155.9

    1/20/03148157.1

    1/27/03149.2159.8

    2/3/03154.2163.5

    2/10/03166.2170

    2/17/03170.4178.3

    2/24/03170.9178.2

    3/3/03175.3183.2

    3/10/03177.1186.6

    3/17/03175.2186.9

    3/24/03166.2178.7

    3/31/03160.2173.5

    4/7/03155.4169.5

    4/14/03153.9165.8

    4/21/03152.9164.7

    4/28/03150.8160.1

    5/5/03148.4158.8

    5/12/03144.4153.4

    5/19/03144.3152.2

    5/26/03143.4152.6

    6/2/03142.3151.1

    6/9/03142.2151.7

    6/16/03143.2165.1

    6/23/03142.3162.6

    6/30/03142160.2

    7/7/03142.8161.4

    7/14/03143.5161.2

    7/21/03143.9164

    7/28/03143.8167.3

    8/4/03145.3169.5

    8/11/03149.2171.5

    8/18/03149.8174.1

    8/25/03150.3175

    9/1/03150.1173.1

    9/8/03148.8169.2

    9/15/03147.1164.8

    9/22/03

    9/29/03

    10/6/03

    DDR001

    DDR007

    Home

  • Recent StudiesFeasibility of a Strategic Fuel Reserve in California (July)Reducing Californias 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

  • Key Recommendations to Governor and LegislatureIdentify a state licensing authority for petroleum storage infrastructure and related facilitiesSupport (without $) proposed petroleum product pipeline capacity expansions and completion and operation of new lines in Nevada, Arizona, New Mexico and TexasAdopt 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 vehiclesEstablish 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

  • For More Information aboutPetroleum Activities

    Visit the California Energy Commissions web site at: www.energy.ca.gov

    or call Pat Perez, ManagerTransportation Fuels OfficeTransportation Energy [email protected](916) 654-4869

    Presentation by Pat Perez, Manager, Transportation Fuels Office