What a US diesel export ban could mean for you

Image source, Getty Images By Francisco Velasquez Business reporter Published 11 minutes ago US President Donald Trump has has said he would back a ban on diesel producers selling overseas as surging fuel prices hit drivers ahead of the midterm elections.

Diesel prices are hovering near a record $6.45 per gallon on average, according to the American Automobile Association (AAA), due to the ongoing US-Israel war with Iran and tight global supplies.

The proposal to stop US diesel exports aims to protect domestic consumers from those rising costs, but it could trigger major economic waves both at home and across the world , external .

The US is one of the world's leading energy producers, with domestic refineries churning out roughly four to five million barrels of diesel every day, according to the US Energy Information Administration (EIA).