Now, additional data is provided, from Platts. Data points:
- Mexico's record-low refiner production and growing consumer demand: pushed US gasoline exports there to a new high in October
- gasoline exports to Mexico climbed 1.86 million bbls to 12.08 million bbls in October
- the previous peak was 11.42 million bbls in December, 2010
- Mexico is by far the largest importer of US gasoline; take 46% of the 177 million bbls of finished gasoline exported by the US in October, 2016
- exports push the price of gasoline higher
- outright price of Gulf Coast pipeline-delivered conventional gasoline, $1.71, highest price since August 18, 2015
- prime reason for increased exports to Mexico: chronic underinvestment in downstream investments over the years
- Mexico's refined product production is at its lowest point since Pemex started tracking data in 1995
- this, despite domestic sales climbing to a record high
- Mexico is expanding its main import terminal, the port of Tuxpan on Mexico's east coast
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