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Possible U.S. diesel export ban could lift fuel costs, analysts warn

Analysts say restricting exports could create a U.S. diesel glut while global supply remains tight, forcing refiners to cut runs as storage fills.

Reported · Written up by our desk · Energy

Talk of a potential ban on U.S. diesel exports aimed at easing record prices at the pump could backfire by raising broader fuel costs, analysts warned, according to OilPrice.

The outlet said a restriction could leave the United States with more diesel than it can use, while other regions struggle to secure supplies.

OilPrice also warned that the potential squeeze could lead to lower refinery runs as inventories build and storage fills up.

The report noted retail diesel prices in the U.S. have reached an all-time high of more than $6.50 per gallon.

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