Trump Admits Diesel US Export Ban Could Raise Gasoline Prices

Trump Admits Diesel US Export Ban Could Raise Gasoline Prices Authored by Tsvetana Paraskova via OilPrice.com, A potential ban on U.S. diesel exports could have "a negative impact on gasoline," U.S. President Donald Trump said late on Wednesday, although he didn't rule out such a move from the Administration. The President told reporters in the Oval Office that he and the Administration continue to discuss the pros and cons of a diesel export ban every day, "but it just seems that it would have a negative impact on gasoline." Earlier this week, Goldman Sachs analysts also warned that a U.S. diesel export ban would push domestic gasoline prices higher as refiners could be forced to reduce processing rates. President Trump...

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