I'm no expert, but I've seen a few diesel runaways. That looks pretty close. But it looks like he did it on purpose?... Like I said, I'm not expert, but at the end, he kept on the gas even though there were sudden bursts of speed that quickly dropped off. Sounds to me like it was close to a runaway and he kept on it anyway... Maybe?...
Also, notice how all the guys ducked for cover a few seconds before it blew. It looks like it was on purpose.