Factors Affecting  International  Product Supplies
•High world demand growth
–Increases capacity utilization (especially Asia)
–Supports high crude oil  prices
–Increasing imports and product prices
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•Import implications of world refining capacity utilization
–Asian demand rebound and China’s growth
–Capacity growth lagging
–Ability to produce light clean products  in non-OECD areas
SUp until this point, the discussion of gasoline imports has focused on product specification issues.  This presentation will now address if recent high demand growth and increased refining capacity utilization in some refining regions will impact gasoline imports available to the US.