Both U.S. imports and exports of several transportation fuels fell in 2020

Global responses to the COVID-19 pandemic substantially reduced trade of many petroleum products to and from the United States during the first half of 2020. Exports of selected petroleum products mainly consumed as transportation fuels—distillate fuel oil, motor gasoline, and jet fuel—collectively declined by 14%, or 344,000 barrels per day (b/d), in 2020. U.S. imports of those fuels collectively declined by 18%, or 211,000 b/d, in 2020. These three fuels accounted for 24% of total U.S. petroleum exports (crude oil and petroleum products) and 12% of total U.S. petroleum imports in 2020, according to EIA’s Petroleum Supply Monthly. Read more Both U.S. imports and exports of several transportation fuels fell in 2020

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Source: CTRM Center

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