WASHINGTON: The U.S. exported a record 8 million barrels of gasoline and almost 10 million barrels of diesel last week, according to government figures released on Thursday.
With refineries working at a strong pace and general oversupply in the country, the U.S. has increased its levels of fuel exports in the last year. The 1.1 million barrels of gasoline exported each day represent a significant increase from the 795,000 barrels a day of the previous week and from the 472,000 barrels a day of the same time last year. “We have never exported more gasoline and distillates than we did last week. …The total amount of exports is huge. There’s no doubt about it that it’s a record,” said Tom Kloza, head of global energy analysis at Oil Price Information Service, according to CNBC. Government analysis reveals most of the new exports are heading to Mexico, and other South and Central American countries
