To: Wharf Rat who wrote (1357290 ) 5/3/2022 2:20:15 PM From: Broken_Clock Read Replies (1) | Respond to perfect storm is brewing , one where record fuel exports from the U.S. Gulf Coast result in dwindling supplies of gasoline and diesel in East Coast markets ahead of the busiest driving season of the year. Bloomberg reports Gulf Coast refiners exported 2.09 million barrels a day of gasoline, diesel, and jet fuel in April, the highest level since oil analytics firm Vortexa began tracking trade data in 2016. Export demand will likely stay strong through the next few months as countries in South America continue to burn diesel fuel for power generation during the Southern Hemisphere's winter season, when hydropower supply falls. Mexico, the largest overseas buyer of U.S. gasoline by far, will likely draw more from the U.S. Gulf Coast as high crude prices derailed the country's plans to produce more fuel at home. -Bloomberg Gulf Coast, loaded up with SPR sweet crude, ended up in Europe .supply crunches have sent East Coast distillates inventories (including diesel and heating oil) to the lowest level since 1996.
