Strong Gasoline Demand Drives Prices Higher in 2015

Demand for products, which include gasoline and hydrocarbons, continue to increase both domestically in the United States as well as abroad. According to the EIA’s Petroleum Supply Monthly data, exports of petroleum products from the United States averaged 3.8 million barrels per day in 2014, an increase of 347,000 barrels per day from 2013, and a new record high. Increased exports of motor gasoline and hydrocarbon…