A US diesel export ban ​could become a self-defeating exercise that would do little to ease high US fuel prices but could worsen supply and economic disruptions around the ‌globe, analysts said. US President Donald reportedly said on Tuesday he backed the idea of a ban. Average US diesel prices have jumped to a record $6.5107 a gallon. Diesel is critical to the global economy because it powers transportation, farm equipment and the machinery used to make and move goods. High fuel prices stoke inflation — already a pain point for Trump and Republicans. …”Given that a surplus of diesel in the US could paradoxically force American refiners to cut supplies of oil products – potentially within a few ​weeks – a ban would ultimately be self-defeating,” Capital Economics said in a note. Restricting US diesel exports would wreak havoc on fuel markets in the US and abroad.

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