US gasoline production continues to climb

[Snagglefoot]

According to the EIA, US gasoline production continues to climb and is now 9 million bbls per day as of the end of June up from 8.5 million bbls per day from two weeks ago.

 

[Jimzz]

We export oil/gas now.

Also a lot of that production was due from last quarter when oil went negative. So have to keep producing since new oil is coming due to contracts.

 

[Snagglefoot]

Actually what is happening is gasoline production dropped like a rock to about 5 million bbls/day during the crisis and is now approaching its pre-C consumption of 10 million bbls/day.