Note:
Total gasoline is finished product plus blending components.
Source:
EIA, Form EIA-814
Low-Sulfur Years
SNot surprisingly, as Europe’s excess gasoline
supply has grown, much of the growth in gasoline imports to the U.S. during
the past few years has come from European sources.
SFuel quality may also have been a factor
influencing growth in volumes from Europe.Europe’s low-sulfur gasoline program is similar to the U.S.
program.Note that when we began the
Tier 2 program in 2004, European gasoline import volumes (January through
July) increased by 128 thousand barrels per day (46%) from the same period
2003.
SAt the same time, we saw a drop in volumes of
39 thousand barrels per day from Brazil and Other Latin America.
