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Awash in Gasoline, US Refiners Export Fuel at Record Pace

November 16, 2016

The United States has more gasoline than it knows what to do with.

Exports have risen above imports for three consecutive weeks as recurring pipeline outages and higher production levels by refiners caused Gulf Coast inventories to grow. Typically a net importer of gasoline, the United States has shipped a record amount of the motor fuel abroad and doesn’t show signs of stopping.

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