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Ed Crooks, Wood Mackenzie, considers how diesel export restrictions could impact the refining industry and lead to higher fuel costs for most Americans.
Analysts warn an export ban could backfire, pushing up global diesel prices and potentially triggering higher U.S. gasoline prices as refiners adjust.
The average price of a liter of diesel in the U.K. has reached 199.33 pence, beating the previous record of 199.09 pence from June of 2022.