The US is dependent on gasoline for nearly every aspect of transportation, but the hard reality for the country’s drivers is that its refiners don’t produce near enough to meet demand. Government data shows we now consume about 9.3 million b/d of gasoline nationwide. To offset the shortfall, the US imports about 710,000 b/d of gasoline — more than two cargo ships per day. But new environmental rules that took effect at the beginning of the year may encourage US refiners to send additional gasoline outside the United States. In addition, many European refiners who send their excess gasoline to the US may instead be sending additional product to West Africa and Latin America. The US government now […]

Posted in: USA