WASHINGTON, April 18 (UPI) -- API Chief Economist John Felmy said U.S. refineries produced more petroleum products than the nation's economy needed last month.
The production of gasoline and other products increased in March. Gasoline production in particular increased 4.7 percent year-on-year to 9.3 million barrels per day, a level the American Petroleum Institute said was a record for the month of March.