US Fuel Exports Reach Record High, Securing Billions in Superprofits for Energy Companies

US fuel exports have sharply increased to record levels as European and Asian countries seek to compensate for energy shortages caused by the war in Iran. This has allowed US oil and gas companies to achieve record superprofits.

Last week, the United States exported over 8.2 million barrels of petroleum products per day, including gasoline, diesel, and jet fuel. According to the US Energy Information Administration (EIA), this figure is more than 20% higher than volumes for the same period last year. Record demand for American petroleum products guarantees US energy companies an additional 60 billion dollars in superprofits by the end of the year, provided high prices are maintained.

The massive sales volumes have also led to the US becoming a net exporter of crude oil for the first time since World War II. This has fundamentally changed the United States' position compared to just over a decade ago, when the country was one of the world's largest crude oil importers.

This situation creates political risks for US President Donald Trump due to rising domestic fuel prices: the average cost of gasoline has reached a four-year high of 4.53 dollars per gallon. Although the White House has repeatedly emphasized that it will not ban fuel exports, which have become a vital resource for the economies of Europe and Asia, energy analysts believe that domestic political pressure may force the authorities to reconsider this position. Jeff Currie, senior energy advisor at investment firm Carlyle, noted that record exports are leading to a rapid depletion of American oil reserves. «A shortage does not begin when supplies stop. It begins when inventories run out,» Currie emphasized.