U.S. Fuel Exports Are Draining Domestic Diesel And Gasoline Domestic supplies of gasoline and diesel in the United States are dwindling as record volumes of fuel are being exported from the Gulf Coast, BNN Bloomberg reports.
Citing Vortexa tracking data, Bloomberg said that up to 2.09 million bpd of gasoline, diesel, and jet fuel shipped out of the Gulf Coast last month. That rate represents the highest volume since 2016 based on known data.
And it wasn’t destined to help Europe out of its energy crisis. Instead, the report says that most exports went to Latin America, and that is not expected to slow in the near term.