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US becomes net exporter of fuel as buyers struggle at the pump

The US has become a net exporter of fuel for the first time for nearly 20 years as drivers struggle with high petrol prices.

Energy department data show the world’s largest oil consumer in February shipped out 54,000 barrels more petroleum products each day than it purchased on the global market.

After a five-year decline in net imports, the US became a net exporter in late 2010, a trend analysts say is confirmed by the latest data.

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