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"The Department of Energy reported that the United States became a net exporter of refined petroleum products (such as gasoline) for the first time since 1949 last year. But if we have all this "extra" gasoline to be exporting, why are prices at home still going up?
A lot of it has to do with demand for gasoline, which has been declining in the United States for the last 10 years, while shooting up by leaps and bounds in places such as Asia and South America. As demand has tapered of here due to more fuel-efficient vehicles and, more recently, the weak economy, oil companies have had to broaden the scope of potential markets--bad news for American consumers."
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