US diesel exports climb to record highs as rest of world faces shortages

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. RestoringAmerica

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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