A potential U.S. ban on diesel exports could significantly push up gasoline prices in California, where diesel prices are already at record highs. The state relies on refineries that serve both local and global markets, making it vulnerable to such measures. While the White House has denied any plans for a flat export ban, President Donald Trump has expressed support for the measure, and Energy Secretary Chris Wright has warned that such a ban could inadvertently raise gasoline and jet fuel prices. Market odds stand at 11.5% for an announcement of a diesel export ban by the end of October, with participants already adjusting their positions based on these developments.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
