**GAO-08-14**                      Published: Dec 20, 2007. Publicly Released: Jan 18, 2008.                  

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## Highlights

To better understand how changes in domestic and international petroleum products markets have affected prices, GAO was asked to evaluate trends in (1) the international trade of petroleum products, (2) refining capacity and intensity of refining capacity use internationally and in the United States, (3) international and domestic crude oil and petroleum product inventories, and (4) domestic petroleum supply infrastructure. To address these objectives, we reviewed numerous studies, evaluated data, and spoke to many industry officials and experts and agency officials.

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## Topics

Energy

Crude oilDomestic crude oilEnergyEnergy demandEnergy developmentEnergy industryEnergy managementEnergy planningEnergy policyEnergy suppliesGasolinePetroleum engineeringPetroleum productsStrategic planningSupply and demand