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Partially or fully banning diesel exports would backfire in three separate ways.
Basic economics teaches us that when supply goes up, the price of a good or service typically goes down as long as demand stays the same. On that logic, one might assume that President Trump’s favorable talk about banning diesel fuel exports is because such a move would increase domestic supply while lowering costs.…
The Trump administration urges European allies to release diesel reserves as soaring fuel prices intensify pressure on the US government.