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Impacts of a US diesel export ban
Reports have indicated that the possibility of the United States imposing an export ban on American diesel could lead to a general increase in fuel prices both within the U.S. and internationally. Diesel prices reached record levels of $6.53 per gallon before the midterm elections, amid rising economic pressures due to high costs, especially as diesel is heavily used in transportation, agriculture, and construction sectors. If an export ban is implemented, the domestic supply within the United States is expected to increase, which would lower diesel prices locally. However, this could also result in higher prices for gasoline and jet fuel, benefiting Europe, which relies on imports of American diesel, with prices likely to reach new record highs.
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