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Record Gasoline Exports Do Not Appear to Be Driving Gasoline Prices

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THIS WEEK IN PETROLEUM REPORT RELEASE – March 21, 2012

This Week In Petroleum

Record Gasoline Exports Do Not Appear to Be Driving Gasoline Prices

The increase in U.S. petroleum product exports has garnered significant attention lately, as U.S. Energy Information Administration (EIA) data showed the United States was a net exporter of petroleum products (petroleum and other liquids, excluding crude oil) for the first time since at least 1949. The rise in U.S. product exports at a time of rising domestic product prices has led some to ask if higher gasoline exports might be causing higher gasoline prices. However, the available evidence does not support such a linkage. (The March 7 edition of This Week In Petroleum provides an analysis of key factors that EIA believes are driving gasoline prices.)

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