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Record Fuel Exports From U.S. Gulf Coast Drain Tanks at Home

  • Global markets low on Russian fuel rely on USGC refiners more
  • Exports set to stay high on robust Latin American demand

Record fuel exports from the U.S. Gulf Coast are eating into domestic supplies, leaving gasoline and diesel tanks on the East Coast emptier than they have been in decades. 

As much as 2.09 million barrels a day of gasoline, diesel and jet fuel shipped out of the refining hub in April, the highest level since oil analytics firm Vortexa began tracking the data in 2016. The bulk of the exports went to Latin America.