A record 1.6 million barrels a day in American refined petroleum products were exported during the first four months of this year, up 33 per cent from 1.2 million barrels a day over the same period in 2007. Shipments this February topped 1.8 million barrels a day for the first time during any month, according to final numbers from the Energy Department.Source

by JD



This is an interesting phenomenon:One contributor to the recent drop in crude prices has been the rise in US gasoline and diesel stocks due to falling demand: These rises in stocks are even more impressive when you consider that, so far in 2008, US product exports are running at 1.6 million bpd -- up by 312,000bpd over 2007 (Source: EIA ). Stocks continue to build even though large volumes of gasoline and diesel are being exported.