“A U.S. ban on diesel exports would rapidly fill domestic storage, depress the fuel’s prices and ultimately shrink gasoline supply while pushing up costs at the pump, according to Goldman Sachs Group Inc.’s co-head of global commodities research,” Bloomberg reports.
Said Goldman’s Daan Struyven: “All the things equal, lower diesel prices would incentivize refiners to reduce their production. And because gasoline and diesel are usually produced together as a bundle with some flexibility, it would likely reduce the availability of gasoline.”
