Energy experts warn that a potential US ban on diesel exports could drive up global fuel prices.
Al Jazeera reported that as the Donald Trump administration and Republican lawmakers consider restricting U.S. diesel exports, energy experts and industry groups warn that such a move could drive up domestic and international fuel prices. U.S. Energy Secretary Chris Wright contacted major refiners on Thursday to assess their willingness to voluntarily limit diesel exports. This follows Donald Trump's Tuesday statement in support of restricting U.S. diesel exports. As of September 11, U.S. diesel inventories had fallen to 107.9 million barrels, the lowest level in over four decades. On Friday, the average price of U.S. diesel reached an all-time high of $6.50 per gallon.
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