Posted on

>Gasoline: The new big U.S. export

>

theridgewoodblog GAS

Gasoline: The new big U.S. export
By Steve Hargreaves @CNNMoney December 5, 2011: 11:41 AM ET

NEW YORK (CNNMoney) — The United States is awash in gasoline. So much so, in fact, that the country is exporting a record amount of it.
The country exported 430,000 more barrels of gasoline a day than it imported in September, according to the U.S. Energy Information Administration.

That is about twice the amount at the start of the year, and experts and industry insiders say the trend is here to stay.

The United States began exporting gas in late 2008. For decades prior, starting in 1960, the country used all the gas it produced here plus had to import gas from places Europe.

https://money.cnn.com/2011/12/05/news/economy/gasoline_export/index.htm?hpt=hp_t2

Leave a Reply

Your email address will not be published. Required fields are marked *