U.S gas and diesel exports, exceed imports...(about refined products, not oil)
NPR
by Jeff Brady
http://www.npr.org/2011/12/29/144155269/gas-pains-u-s-diesel-gas-exports-surpass-imports
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.
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We are driving less, and using less gasoline. This is a good thing in my opinion.
= new reply since forum marked as read
Basic Econ 101
