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Trump's proposal to cut diesel prices risks backfire
High diesel prices are prompting calls from some U.S. lawmakers and governors for a ban on diesel exports to mitigate costs. Experts warn that such a ban would only provide temporary relief and could lead to increased prices abroad, reduce domestic fuel supply, and harm the U.S. refining industry. Despite record-high diesel prices exceeding $6.50 per gallon, officials remain cautious, emphasizing potential negative economic consequences of restricting exports.
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