President Donald Trump is considering banning diesel exports as fuel prices soar — a move that oil companies and market researchers say could drive California’s already nationally high gasoline prices even higher.
White House discussions on plans to limit diesel exports first reported by POLITICO — emerged last week as Republicans looked for ways to placate anxious voters ahead of the midterm elections.
The national average for a gallon of diesel eclipsed $6 for the first time amid major supply disruptions linked to the war in Iran and a Russian export ban that has locked one of the world’s largest suppliers out of the market. (The price was $6.45 nationally and $8.39 in California on Monday, according to AAA.)
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