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US fuel exports soar to new milestone

Posted: April 23, 2014
Source: Fuel Fix.com

HOUSTON — The U.S. exported an average 3.5 million barrels per day of petroleum products last year, the U.S. government reported Tuesday, a 10 percent increase from 2012.

The Energy Information Administration also noted that in December, the U.S. exported 4.3 million barrels per day of petroleum products, marking the first time those exports exceeded 4 million barrels per day in one month.

Refining: US exporting a ‘tidal wave’ of gasoline, other fuels

Distillate fuel exports – which include diesel fuels and fuel oils — reached more than 1.1 million barrels per day, an increase of 110,000 barrels per day over 2012.  Distillates destined for Central America and South America saw the biggest increase. That region was already the largest destination of U.S. distillate fuel.

Propane exports increased more than 75 percent to 300,000 barrels per day and half went to Central America and South America.

Gasoline exports increased 9 percent to 550,000 barrels per day, with exports to Africa, Mexico and Central and South America all on the rise. The U.S. also set a monthly gasoline export record in December, when it shipped 770,000 barrels abroad daily.

Crude exports: Houston fills with oil that can’t be shipped out

Still, despite the export boom, the nation imported  2.1 million barrels per day of petroleum products in 2013, though that figure is on the decline.

While the Gulf Coast is a net exporter of gasoline, the East Coast imports a substantial amount from Europe and Canada, according to the EIA. The East Coast also depends on imports of distillate and propane during cold winters when regional production and shipments from other parts of the U.S. still aren’t enough to meet demand.