Trump says he backs diesel export ban to curb soaring energy costs
But industry trade group says plan would backfire and lead to even higher prices for gasoline
Donald Trump on Tuesday said he backed the idea of a ban on diesel exports, which some US politicians are calling for as a way to curb the soaring cost of energy.
Diesel prices have rallied in Europe and the US to record highs as wars in Iran and Ukraine sharply cut exports from some of the biggest producers such as Russia, Saudi Arabia and the United Arab Emirates. A gallon of diesel fuel in the US was $6.53 on Tuesday, the highest average on record and over 75% higher than a year ago.
The post Trump says he backs diesel export ban to curb soaring energy costs appeared first on Business | The Guardian.
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