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12 NOVEMBER 2016 | FUEL OIL NEWS | www.fueloilnews.com FUELS EIA NE WS Gasoline exports increased 138,000 b/d in the first half of 2016 compared with the first half of 2015. North America (Canada and Mexico) accounts for the majority of the growth with an increase of 92,000 b/d. Mexico represents the largest single recipient of U.S. gasoline exports at 363,000 b/d, up from 283,000 b/d in the first half of 2015. As part of its energy sector reforms passed in 2013, Mexico liberalized the country's energy sector, allowing market participants other than state company Petroleos Mexicanos (PEMEX). In January 2016, as part of the liberalization process, Mexico began to allow companies besides PEMEX to import fuels, resulting in increased exports from nearby refineries along the U.S. Gulf Coast. Canada is the second-largest recipient of U.S. gasoline at 66,000 b/d in the first half of 2016, up from 55,000 b/d in the first half of 2015. Despite growth in the total volume of U.S. petroleum product exports, their regional distri- bution has not changed significantly from 2005 to 2015. In 2015, over 60% of exports remained within the Western Hemisphere, down only modestly from approximately 65% in 2005. North America's share of total U.S. exports is down nine percentage points, while Central and South America's share is up six percentage points. Exports to other global regions remained steady, with every region's share of U.S. exports staying within two percentage points of their 2005 share. Readers who follow EIA's export data will likely know that the agency recently made sig- nificant improvements in its estimates of weekly export data by using near-real-time export data obtained from U.S. Customs and Border Protection. The recent changes in the weekly export data do not affect the monthly data cited in this article, which reflect official trade statistics published by the U.S. Census Bureau. The U.S. average regular gasoline retail price dropped slightly to $2.22 per gallon, down 10 cents from the same time last year. The Rocky Mountain price dropped two cents to $2.25 per gallon, the Midwest price dropped one cent to $2.14 per gallon, and the Gulf Coast price dropped less than a penny to $1.96 per gallon. The East Coast price rose one cent to $2.20 per gallon, while the West Coast price rose only modestly, remaining at $2.65 per gallon. The U.S. average diesel fuel price fell one cent from a week ago to $2.38 per gallon, down nine cents from the same time last year. The Rocky Mountain price fell two cents to $2.47 per gallon. The West Coast, Midwest, and Gulf Coast prices fell one cent each to $2.64 per gallon, $2.36 per gallon, and $2.23 per gallon, respectively. The East Coast price remained virtually unchanged at $2.39 per gallon. U.S. propane stocks increased by 1.5 million barrels to 103.3 million barrels as of Sept. 23, 2016, 4.5 million barrels (4.6%) higher than one year before. Gulf Coast and East Coast inventories increased by 1.7 and 0.2 million barrels, respectively, while Midwest and Rocky Mountain/West Coast inventories decreased by 0.3 and 0.1 million barrels, respec- tively. Propylene non-fuel-use inventories represented 2.7% of total propane inventories. l F O N Figure 3. Change in total U.S. propane exports (1H 2016 vs 1H 2015) thousand barrels per day 250 200 150 100 50 0 -50 231 217 32 1 0 0 0 -19 Total propane exports Asia and Oceania North America Africa Middle East Eastern Europe and Russia Western Europe Central and South America Figure 4. Change in total U.S. motor gasoline exports (1H 2016 vs 1H 2015) thousand barrels per day 160 140 120 100 80 60 40 20 0 -20 138 92 14 14 11 6 2 0 Total motor gasoline exports North America Western Europe Asia and Oceania Central and South America Africa Middle East Eastern Europe and Russia Source: U.S. Energy Information Administration, Petroleum Supply Monthly Source: U.S. Energy Information Administration, Petroleum Supply Monthly