This Week In Petroleum June 20, 2012
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U.S. gasoline imports remain sluggish
While gasoline exports in 2012 remain high by historical standards, this year has yet to see the export growth of the past few years. However, the decrease in gasoline imports into the United States that has accompanied the export increase trend has continued.
While the U.S. remains a net gasoline importer, monthly data through the first quarter show the slowest import flows in more than a decade (Figure 1). Notwithstanding the uptick in gasoline imports seen last week, the sluggish import stream into the United States has been confirmed in weekly data as well.