U.S. exports record amount of gasoline…


The U.S. still imports more than half its oil. But thanks to declining demand for products made from crude, the country is now supplying the rest of the world with gasoline. 28d2ba0e5d913619fe0e6a706700251f.jpg

The U.S. still imports more than half its oil. But thanks to declining demand for products made from crude, the country is now supplying the rest of the world with gasoline. 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. (Read: OPEC: We want clean energy

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

Read More: http://money.cnn.com/2011/12/05/news/economy/gasoline_export/index.htm

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