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US studying diesel export ban
The administration of U.S. President Donald Trump is studying the possibility of imposing a ban on diesel exports in the United States in order to alleviate the record-high prices for this fuel, which have reached $6.53 per gallon across the American market and $8.44 in California. The surge in prices is due to a reduction in global refining capacity resulting from conflicts in Eastern Europe and the Middle East, as well as attacks on Russian and Iranian refineries. The ban might be total or partial and is part of efforts to mitigate the impact of rising fuel costs ahead of the November midterm elections, amid increasing pressure from Republican lawmakers and the needs of farmers and truck drivers.
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