Oil from U.S. reserves sent overseas as gasoline prices stay high
More than 5 million barrels of oil that were part of a historic U.S.
emergency reserves release to lower domestic fuel prices
were exported to Europe and Asia last month, according to data and sources
even as U.S. gasoline and diesel prices hit record highs
About 1 million barrels per day is being released from the Strategic Petroleum Reserve (SPR) through October
The flow is draining the SPR, which last month fell to the lowest since 1986
U.S. crude futures are above $100 per barrel and gasoline and diesel prices above $5 a gallon in one-fifth of the nation
U.S. officials have said oil prices could be higher if the SPR had not been tapped.