Chinese fuel makers rushing to cash in on the nation’s booming car market may end up creating a glut of gasoline, possibly forcing the excess onto overseas markets. Stockpiles of the fuel surged to a record in April as production during the month and in March increased to the highest ever, government data and Bloomberg calculations show. Meanwhile, exports in the first four months jumped 36 percent from the a year earlier. Even demand for more, and bigger, cars hasn’t been able to soak up the excess supply as fuel makers in the world’s second-biggest oil user maximize gasoline output. That could be bad news for refiners abroad if China producers start shipping even more of it overseas. “The growth in gasoline output in China is overwhelming demand, forcing refiners to shift supplies outwards to ease the oversupply at home,” Peter Lee, an analyst with BMI Research, said in […]