# Cost of U.S. diesel exports to Latin America rise on shortage | Reuters

> The cost for Latin American countries to import U.S. diesel by vessel is rising due to limited supply and higher freight. Ultra low sulfur diesel on the U.S. Gulf Coast reached $3.60 a gallon, about double April 2021 levels. One Houston-to-Caribbean charter cost roughly $1.2 million, nearly four times normal.

- Date: 2022-04-05 · published 2022-04-05T12:00:00.000Z
- Category: logistics · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/42029-cost-of-u-s-diesel-exports-to-latin-america-rise-on-shortage-reuters
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher diesel and freight costs push up logistics expenses for feed and grain moving into Latin America and across export routes. The shortage reinforces energy-driven cost pressure on agricultural supply chains.

## Read by commodity

- DIESEL: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2024-02-26 | [US diesel exports to Europe dip on plummeting refining output](https://feedsoft.ai/events/31851-us-diesel-exports-to-europe-dip-on-plummeting-refining-output.md) | +1.0% | -1.4% |
| DIESEL | 2026-09-10 | [Soybean Shipping Costs Rise for US Exporters \| Feed & Grain](https://feedsoft.ai/events/17636-soybean-shipping-costs-rise-for-us-exporters-feed-and-grain.md) | +6.9% | -7.4% |
| DIESEL | 2021-05-12 | [Diesel outages starting to rise in Southeast on back of Colonial closure - FreightWaves](https://feedsoft.ai/events/47276-diesel-outages-starting-to-rise-in-southeast-on-back-of-colonial-closure.md) | +0.6% | +3.9% |
| DIESEL | 2026-04-14 | [US truckers' diesel spending hits record high on Middle East conflict \| Reuters](https://feedsoft.ai/events/19889-us-truckers-diesel-spending-hits-record-high-on-middle-east-conflict-reuters.md) | -7.0% | +4.5% |
| DIESEL | 2021-02-18 | [Diesel fuel in short supply in Texas; prices on the rise - FreightWaves](https://feedsoft.ai/events/48825-diesel-fuel-in-short-supply-in-texas-prices-on-the-rise-freightwaves.md) | +4.0% | +3.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/cost-us-diesel-exports-latin-america-rise-shortage-2022-04-05/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.