Petroleum product exports from the U.S. Central Atlantic states were unusually high in February (5/3/2017)

Exports of finished petroleum products from the Petroleum Administration of Defense District (PADD) 1B, which comprises the U.S. Central Atlantic states (Delaware, District of Columbia, Maryland, New Jersey, New York, and Pennsylvania), reached a record high for the month of February, as petroleum product prices in that region weakened compared with prices in the rest of the Atlantic Basin region. In February, exports of finished petroleum products from PADD 1B were 232,934 thousand barrels per day (b/d), more than 2.5 times greater than the previous five-year average (Figure 1). Distillate and total motor gasoline, the two most consumed petroleum products globally, were among the products that showed an increase in exports. ... More »