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Here's how record UK diesel prices could get worse
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Analysts warn an export ban could backfire, pushing up global diesel prices and potentially triggering higher U.S. gasoline prices as refiners adjust.
Diesel hit a record $6.53 a gallon while U.S. diesel stocks sit 12% short heading into winter. Farmers, school districts and food banks are already paying for it.
The price of diesel is hitting record highs just when many U.S. farmers need it to power combines, tractors and other equipment to harvest two of the nation’s largest commodities, soybeans and corn.