US gasoline exports breached the 1 million b/d level in the week ended March 23, the fourth time this has happened and the first week it has ever occurred in the first quarter. An S&P Global Platts analysis of US and Mexican data sets on Thursday found this is probably attributable in part to weak gasoline production in Mexico, which has been trending well below historic norms. Weekly data from the US Energy Information Administration showed US gasoline exports have only risen above 1 million b/d in a given week three times before in data going as far back as May 2010. All three of those weeks fell within either November or December of 2017 and 2016. When US exports hit 1.099 million b/d in the week ended March 23, they were more than 80% above levels from the year-ago week. It is widely known that, in contrast to […]