How a ban of diesel exports could lead to higher prices — even in the U.S.

2 days ago 1

Rommie Analytics

Lawmakers are pushing for a ban on diesel exports, seeking relief for truckers and farmers who are paying record high prices for the crucial fuel. But economists and oil experts say the plan could backfire — and lead to higher costs at the pump for Americans.President Donald Trump said Tuesday that he’s calling for a ban on diesel exports, and his administration confirmed they are “examining” the issue.The United States is the largest exporter of diesel in the world, sending on average 1.4 million barrels of distillate fuel a day to trading partners mainly in Latin America and Europe. Experts...
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