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The U.S. has been a net exporter of petroleum products for a consecutive four weeks on a four-week average basis, per Energy Information Administration data released Wednesday.

Why it matters: EIA analyst Mason Hamilton noted via Twitter that it's the first time the U.S. has been a net exporter by that metric. It has previously happened for shorter stretches.

  • "The era of U.S. net petroleum exports HAS BEGUN! (or at least is highly [likely] to)," he noted on his personal account.

The big picture: The U.S. emergence as a net exporter of petroleum products — the combo of crude oil, gasoline, natural gas plant liquids, diesel and more — on an ongoing basis has been forecast for some time.

  • On some level, it's an arbitrary metric, because the U.S. still imports millions of barrels of crude oil per day — but the amounts have fallen as U.S. production has surged over the last decade.

The bottom line: While the U.S. has long shipped lots of products like gasoline abroad, declining crude oil imports and rising crude exports have enabled the inflection point.

Go deeper

The rebellion against Silicon Valley (the place)

Photo illustration: Sarah Grillo/Axios. Smith Collection/Gado via Getty Images

Silicon Valley may be a "state of mind," but it's also very much a real enclave in Northern California. Now, a growing faction of the tech industry is boycotting it.

Why it matters: The Bay Area is facing for the first time the prospect of losing its crown as the top destination for tech workers and startups — which could have an economic impact on the region and force it to reckon with its local issues.

Erica Pandey, author of @Work
38 mins ago - Economy & Business

Telework's tax mess

Illustration: Annelise Capossela/Axios

As teleworkers flit from city to city, they're creating a huge tax mess.

Why it matters: Our tax laws aren't built for telecommuting, and this new way of working could have dire implications for city and state budgets.

Wanted: New media bosses, everywhere

Illustration: Sarah Grillo/Axios

The Washington Post, Los Angeles Times, Reuters, HuffPost and Wired are all looking for new editors. Soon, The New York Times will be too.

Why it matters: The new hires will reflect a new generation — one that's addicted to technology, demands accountability and expects diversity to be a priority.