Diesel export ban could backfire on gas prices, CEO says

Diesel export ban could backfire on gas prices, CEO says

The U.S. has emerged as the world’s supplier of last resort, with diesel exports surging to a weekly record of nearly 2 million barrels a day in August.

A ban on diesel exports from the United States could lead to higher gasoline prices

A ban on diesel exports from the United States could lead to higher gasoline prices.President Donald Trump is considering such a measure to reduce high prices. The head of the French company Total, Patrick Pouyanne, said that the ban would force...

Why Blocking U.S. Diesel Exports Could Make Fuel More Expensive

Talk of a possible ban on U.S. exports of diesel fuel to curb soaring prices at the pump could end up pushing all fuel prices higher, cutting refinery runs as storage fills up, analysts have warned. The move could result in a glut of the fuel in the United States while the rest of the world struggles to secure supply. Retail diesel prices in the U.S. hit an all-time high of over $6.50 per gallon last week amid the global crunch that led to highe…