Fri Dec 30, 2011, 04:33 PM
Stuart G (11,404 posts)
U.S gas and diesel exports, exceed imports...(about refined products, not oil)
by Jeff Brady
For the first time in more than six decades, the United States is exporting more gasoline and diesel than it imports.
To be clear, we're talking about finished petroleum products, not crude oil. The U.S. still imports about half the crude it consumes.
Refineries are touting this new export statistic — after all, gasoline and diesel are manufactured products. They say a boost in exports keeps more manufacturing jobs in the U.S. But one reason exports are increasing is that demand for gas in this country is declining.
People like Rachel Ezekiel-Fishbein of Elkins Park, Pa., are choosing to drive more efficient cars and consuming less gas. She stopped driving a Honda Odyssey minivan that gets about 14 miles per gallon in the city. Now, she drives a red Prius hybrid that's getting about 40 mpg.
In the process, Ezekiel-Fishbein is saving more than $2,000 a year and buying 700 fewer gallons of gasoline. And she's not alone. Department of Energy statistics show Americans are using less gasoline these days. Consumption peaked in 2007 and has been declining since.
We are driving less, and using less gasoline. This is a good thing in my opinion.
7 replies, 3756 views
U.S gas and diesel exports, exceed imports...(about refined products, not oil) (Original post)
|Stuart G||Dec 2011||OP|
|Stuart G||Dec 2011||#2|
Response to taterguy (Reply #1)
Fri Dec 30, 2011, 04:53 PM
TheWraith (24,331 posts)
3. Right. Crude oil is brought here, refined, and some of the results sent back.
More of the resulting refined products are sent back than the quantity of refined imports we take in.
Response to Stuart G (Original post)
Fri Dec 30, 2011, 04:58 PM
Ikonoklast (23,886 posts)
4. And you are paying more for food as a result.
Diesel is being shipped overseas, while we pay record prices for it in this country.
All food rides on diesel, from farm to supermarket.
Response to Mudoria (Reply #6)
Fri Dec 30, 2011, 07:07 PM
leveymg (35,852 posts)
7. Beautiful flames. They're both $$$$$s to some people.
As a motorhead and aerospace freak, I have to agree as an aesthetic judgment. I'd like to own one, myself. Too bad they're so damned expensive.