SEuropean gasoline exports have increased by 505 thousand barrels per day from 1999 to 2006, and U.S. imports have increased 520 thousand barrels per day over the same time period.
	SThe U.S. East Coast has been the principal market for European gasoline exports, and European refiners have demonstrated the ability to meet changing U.S. gasoline specifications.  Very importantly, European imports have also demonstrated the ability to increase volume when U.S. gasoline production falls back, as was demonstrated after hurricanes Rita and Katrina, although some of the European imports came from Europe’s strategic supplies as well.