Exxon Ships U.S. Gasoline to Australia

Exxon has scheduled its first-ever gasoline shipment from the U.S. Gulf Coast to Australia amid a global fuel export crunch because of the war in the Middle East. The shipment is one of two scheduled for this month, Reuters reported, citing unnamed sources. The two shipments together will total 600,000 barrels, mostly of gasoline but also including other refined products. According to the report, the freight cost of the shipments would come in at $6 million, or $20 per barrel. This is costlier than shipping fuel from Asia, the report noted, citing…