U.S. Fuel Exports Reach Record for August, API Reports

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U.S. exports of petroleum products reached a record in August for the month as refiners boosted rates, the American Petroleum Institute said.

Shipments of fuels increased to 4 million barrels a day last month, up 7.5 percent from a year earlier, the industry-funded group said today in a monthly report. Refiners operated at the strongest seasonal level in August, raising gasoline production to the highest on record for the month.