Salt Lake Telegram | 1929-03-31 | Page 22 | U. S. Petroleum Production Sets New High Record

U. U S. S Petroleum Production Sets New High Record March h 30 Al' Al A production in tile the United States tates or February amoUnted amount amount- ed to barrels a n daily aly average of barrels barels and a anew anew new record in output The increase was placed by tile the bureau of mines today at at 14 1 per Cl cent above the figures for the same month a year ago and an increase over January Januar of this year of barrels per day The Tho net result ay of the higher oil 01 production lii in a seasonal period perIo of low was a marled Increase Iii In- crease or of stocks s on hand particularly lally of crude and line lne The daily daiy output of gasoline in was barrels a alight increase over January but au ll increase of 21 per cent over F ic bru- bru ru- ru ar 1928 Stocks ot of gasoline on hand February 28 In the United States were estimated to be barrels t barrels barrels bar bar- January 31 nd barrels bar bar- I reis February 28 1928 The bureau calculated that the gasoline st stocks at the end of February a days days' supply fOr the Country as compared with wih a fort forty forty- six days days' sUpply s tile the prevIous month and seven forty days a year ago Tile rho grand total of stocks of aU all oil oilIn 01 in storage at the of February was ioas placed at barrels a n gain or of barrels over ocr the tho stocks of oC hanels at the end o of January but a a greater grealer In- In Increase crease over the barrel barre storage reported for OL February 1928 At the same time the growth or of for kerosene lubricants an and fuel fue oil 01 continued the total of oC these refined products in storage The hanges in character char char- actor acter during the year In Induced uce the the Increased increased In- In bureau to estimate that creased stocks of petroleum in storage stor- stor but ago age on February 28 represented a. a n da clays clays' s supply for tile the country countr whereas the smaller amount in storage one year ago represented a n days days' supply