US Weighs Diesel Export Ban as Prices Hit Record High

US Weighs Diesel Export Ban as Prices Hit Record High

US diesel prices hit a record $6.50 a gallon as Trump administration officials consider restricting exports ahead of midterm elections. Energy Secretary Chris Wright has contacted refiners about a voluntary curb, but analysts warn a ban could raise fuel costs at home and abroad. US diesel inventories have fallen to their lowest level in over four decades.

Source: Al Jazeera

More in Business & Finance

Read the live feed on ZapIndies