Record petrol output eats up biggest US oil glut in 85 years

Houston

REFINERS are poised to make petrol at a record pace this year, keeping the biggest US crude glut in more than 80 years from overflowing storage.

They're enjoying the best margins in two years as they finish seasonal maintenance of their plants before the summer driving season. They'll increase output to meet consumer demand and they've added more than 100,000 barrels a day of capacity since last summer, when they processed the most oil on record.