The average fuel price across this country is $2.307 according to AAA. However, diesel fuel continues to hover almost a dollar more than that. That just makes us irate. What we can’t understand is how diesel  fuel is a huge export for the US and yet we don’t seem to see any sort of reward at the pump. Check out the latest information on the “lifeblood of the global economy below”.

According to a recent announcement from the Diesel Technology Forum,  Diesel power’s role as “the lifeblood of the global economy” and the development of the new generation of ultra-low sulfur clean diesel fuel and clean diesel engines and equipment are two major factors to consider when reviewing the status of the U.S. energy situation since the creation of a national energy policy 40 years ago, according to the Diesel Technology Forum.

The growth of diesel power’s role since the passage of the Energy Policy and Conservation Act of 1975 (EPCA) was outlined in a statement from Allen Schaeffer, Executive Director of the Diesel Technology Forum (DTF), that was submitted to the U.S. Subcommittee on Energy and Power hearing today entitled “The Energy Policy and Conservation Act of 1975: Are We Positioning America for Success in an Era of Energy Abundance?” Newfound petroleum reserves across the country have resulted in America’s energy abundance. Because of these oil and gas reserves, the U.S. Energy Information Agency states that as of 2011 the U.S. is a net exporter of petroleum products and ultra low sulfur diesel fuel (ULSD) is the number one petroleum export. While the U.S. is a net exporter of ULSD, recent studies including the Fuels Institute recent analysis has determined that there’s more than ample supply to meet domestic demand.

“Diesel power is the lifeblood of the global economy,” Schaeffer said in his statement. “With its unmatched combination of energy density, fuel efficiency, power and performance, diesel engines are the primary technology driving 15 key sectors of the U.S. economy, from agriculture and construction to goods movement and warehousing.“The new generation of ultra-low sulfur clean diesel fuel and clean diesel engines and equipment are two of America’s greatest success stories; ones that are not only delivering real-world benefits here at home today, but are leading export technologies helping to advance environmental improvements and energy efficiency gains in developing countries around the world. “While there is considerable attention being placed on the possibilities for export of domestically produced natural gas from the U.S., ultra-low sulfur diesel fuel is today America’s number one petroleum export earning significant export revenues. Advanced clean diesel engines represented 4.4 percent of U.S. exports in 2010, with an export-to-value ratio five times higher than the national average.

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