President Donald Trump is reported to be “very seriously” considering a ban on diesel fuel exports as the United States confronts a worsening global supply crunch, according to a CNBC report.
The move is being discussed amid a tightening diesel market that has already pushed prices higher worldwide, prompting industry observers to watch U.S. policy closely.
Analysts warn that an export ban could backfire by lifting global diesel prices and could also trigger higher gasoline prices in the United States as refiners adjust their production strategies.
They point out that restricting diesel shipments abroad may force refiners to shift output toward gasoline, a change that could raise pump prices for American drivers.
U.S. officials have not confirmed any final decision, and policymakers are weighing the potential benefits of protecting domestic fuel supplies against the risk of disrupting international markets.
<small>Source: CNBC — read the original story there.</small>