U.S. Oil Exporters Under Scrutiny As Gas Prices Spike Across 50 States
Oil Prices Edge Higher as Iran Deal Doubts Resurface Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.
The United States has become the world’s key “swing supplier,” sharply increasing exports of crude, fuels, and LNG to partially offset Middle Eastern supply losses caused by the Iran war.
The United States has been playing a vital role as the world’s “swing supplier” of key energy commodities amid the global shortage triggered by the war in Iran, with surging exports helping to cut the energy deficit.
According to data from commodities intelligence firm Kpler via Reuters, shipments of crude oil, gasoline, LNG, diesel, jet fuel, and ethane surged to 153 million tons from January to April, good for a 20% Y/Y increase compared to last year’s corresponding period.
Combined exports of oil and refined products hit 14.2 million barrels per day in early 2026, a 33% increase from 2025.
Exports of gasoline jumped 27%, diesel 23%, and LNG 26% compared to the same period in 2025.
Meanwhile, jet fuel saw a massive 82% Y/Y surge as refiners fulfilled panic orders from international buyers.
oil, fuels, and LNG exports partly offset the ~82- million-ton decline in exports from the Middle East since the war began in late February, helping to keep the prices of these commodities somewhat in check.
However, the huge outflows have exacerbated the energy supply tightness in the United States, with gas pricesspiking across all 50 states.
On Tuesday, GasBuddy reported that data compiled from more than 150,000 gas stations across the country revealed that the national average price of gasoline stood at $4.54 per gallon.
And, unlike previous times, motorists from all 50 states are now feeling pain at the pump, “Gasoline prices rose in every state over the last week, with some of the most significant and fastest increases concentrated in the Great Lakes, where states like Michigan, Indiana, Ohio, and Illinois saw sharp spikes, while Wisconsin experienced more modest gains,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
Fuel Exports Hit Record High as Hormuz Crisis Reshapes Global Energy Flows Gas prices are now hovering around mid-2022 levels when Russia’s invasion of Ukraine triggered a global energy crisis.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | ▲ +0.34% |
| WTI Crude | $96.90/bbl | ▲ +0.21% |
| EN590 Diesel | $846/MT | ▲ +0.18% |
| Jet Fuel A-1 | $1090/MT | ▲ +0.55% |
| Mazut M100 | $450/MT | ▼ -0.15% |
| Bitumen 60/70 | $470/MT | ▲ +0.08% |
| Sulphur Gran 99.5% | $470/MT | ▼ -0.44% |
| Urea 46% Gran | $650/MT | ▲ +1.12% |
| NPK 16-16-16 | $460/MT | ▼ -0.28% |
| Nat Gas TTF | $15.42/MMBtu | ▲ +0.92% |
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