agracer said:
If Diesel production is at an all time high, why is the price so high?
Because we are sending a lot of it (1.7 to 1.9 million barrels a day) to Europe (about half of their requirements, India also provided a lot).
Quote:
Official EIA monthly destination data for August had not yet been published as of late September 2026. Total US distillate exports (mostly diesel) for the month were reported around 54 million barrels (~1.75 million b/d), a record, with Europe as a primary destination amid tight global supplies.
Weekly EIA data showed total US distillate exports peaking near 1.9 million b/d in early August, with many cargoes headed to northwestern Europe.
They've cheered/funded their gas station getting bombed, and it has now become a problem for American consumers. There are quite a few ironies in the whole situation, though again the notion of 'solving' any of this problem with a diesel export ban is ridiculous.