NEW YORK, May 3 (UPI) -- The United States for the first time in nearly 20 years has become a net exporter of fuel as domestic consumers face with high gasoline prices, data indicate.
Records from the U.S. Energy Department indicate that the United States, the world's biggest consumer of oil, exported more gas than it purchased from the global market for the first time in years.
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We're exporting gasoline to countries who are used to paying higher prices, so there is no pressure to lower the price.