Rapid growth in propane exports drove U.S. petroleum product export growth in the first half of 2016 (9/28/2016)

In the first half of 2016, the United States exported 4.7 million barrels per day (b/d) of petroleum products—almost 10 times the crude oil export volume—an increase of 500,000 b/d over the first half of 2015. While U.S. exports of distillate and gasoline increased by 50,000 b/d and nearly 140,000 b/d, respectively, propane exports increased by more than 230,000 b/d (Figure 1). Propane is now the second-largest U.S. petroleum product export, surpassing motor gasoline. While total U.S. petroleum product exports grew, export destinations remained largely unchanged. ... More »