The United States is exporting record high amounts of diesel fuel to Latin America and Europe, new data show, as global demand for diesel continues to outstrip current supply, intensifying efforts to secure U.S. exports.
In the first 17 days of July, the U.S. Gulf Coast exported an average of 1.35 million barrels of diesel fuel per day, according to new data from the oil analytics firm Vortexa.
That’s about 10% higher than the previous July record, set in 2017.
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When accounting for gasoline and other types of fuel, a senior Vortexa analyst told the Washington Examiner that total U.S. transportation fuel exports soared to another record high of 92.1 million barrels per day in July.
So far, the bulk of U.S. diesel exports this month has been sent to Latin American countries, including Mexico, Brazil, Chile, and Argentina. There, diesel fuel shortages have touched off a recent wave of political and social unrest — and forced many leaders to up their imports of U.S. supplies as a result.
Meanwhile, the U.S. has seen some relief for diesel prices, with national averages falling 3.6% in the past month, according to AAA.
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The U.S. has also seen an uptick in diesel fuel shipments to Europe in July, the Vortexa data showed, while exports to Asia have declined for the month.
