Gasoline exports for the month of January were 263,000 b/d higher than stated in the weekly estimates for the month, according to the Energy Information Administration’s (EIA) Petroleum Supply Monthly, which provides actual data on supply and demand for petroleum products instead of the weekly estimates EIA reports in its Weekly Petroleum Status Report. The revised rate of 1.07 million b/d is 260,000 b/d more than the rate in January 2017. More than half of the exports went to Mexico. This news is significant because it underscores the growing gasoline export prowess of the U.S., which has led to refiners producing more gasoline during the winter season when U.S. drivers typically have less demand that contributes to lower pump prices.
Higher Gasoline Exports For January 2018