US Considers Diesel Export Ban Amidst Rising Prices

Washington DC. Energy experts have warned that if the United States bans or restricts diesel exports, the impact will be felt not only in the domestic market but also on fuel prices worldwide. They say that since the US is the world's largest diesel exporter, a reduction in its exports could decrease supply in the global market. Diesel prices in the US have recently reached record levels. On September 25, the average price per gallon reached $6.50, up from $5.61 a month earlier. According to the American Automobile Association (AAA), diesel prices are increasing daily. Amidst this price hike, major...