October supplies of gasoline are at a three-year high for that month, but refiners are still running at high speed because they are earning fat profits exporting diesel, which is made using the same process that converts oil to gasoline.
U.S. refiners are supplying
diesel to rebounding European economies where it is the main fuel used
by cars and trucks. South America is another expanding market where
local refiners can't match rising demand. Meanwhile, U.S. drivers'
demand for their main fuel, gasoline, is coming off its summer peak. (more)
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