Monday, October 29, 2012

US Exports Of Gasoline & Diesel Surge 164% In 2012

The USA imports 41% of our oil needs and yet has surging exports of gasoline and diesel--up 164% since 2011.

In 2011, the US for the first time since 1949 became a net exporter of gasoline and diesel, when it exported on average 370,000 barrels each day.  The export boom has quickened in 2012.

Through August, the US was exporting daily an average of 975,000 barrels of gasoline and diesel.  Simply amazing!

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