With 2020, a new decade begins, and from this vantage point, a year where major developments are happening in the diesel fuels, engine and equipment sectors.
June 11, 2018 | Diesel Technology Forum
More newfound U.S. energy reserves are helping to meet energy security goals while meeting growing international demand.
The U.S. Energy Information Administration recently confirmed that diesel fuel is America’s #1 petroleum product export. U.S. refiners export 1.4 million barrels of diesel a day to markets in over 79 countries. More newfound U.S. energy reserves are helping to meet energy security goals while meeting growing international demand.
The U.S. Department of Energy’s Energy Information Administration (EIA) recently highlighted surging exports of U.S. refined diesel fuel to markets overseas. On average, U.S. refiners send 1.4 million barrels of diesel fuel abroad each day. Refiners were actually set to export 1.7 million barrels a day before last summer’s Gulf Coast hurricanes reduced capacity.
Just over one in four barrels of U.S. refined diesel fuel is ultimately destined for markets overseas in 79 countries. Unlike gasoline that exclusively powers passenger vehicles, diesel fuel is the fuel of work and powers heavy-duty trucks and the large variety of off-road equipment including construction and agricultural equipment along with larger equipment types such as locomotives, marine vessels and industrial engines.
America’s newfound energy abundance means we can fuel demand here at home and meet the needs of expanding markets abroad. Learn more about diesel fuel and its contribution to U.S. energy security.
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Business and financial analysts had predicted a near pandemic for global diesel fuel prices and even potential supply shortages.
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