Mexico siphoning off excess U.S. gasoline supply

10/27/16 CNBC

14319902599_cf7fa8ca0d_o.jpgThe U.S. has quietly been increasing exports of gasoline to record levels, and that is one factor that could be helping reduce the nation’s oil glut on the margin.

Last week, the U.S. exported about 5.7 million barrels of gasoline, possibly a record. The 811,000 barrels a day reported is nearly twice the amount exported at the same time last year and almost a third more than was exported a week earlier, according to the U.S. Energy Information Administration.

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