Gas prices could soar if the U.S. bans diesel exports, economists say
A move by the U.S. to temporarily halt diesel exports amid record-high prices would initially lower costs, but a prolonged ban could drive up domestic gasoline prices, according to Goldman Sachs.
Goldman Sachs estimated that a diesel export ban could cut prices by about 25 cents a gallon while refiners have storage space for their excess diesel production. However, once diesel storage reached capacity, each additional week a ban was in place could cause gas prices to jump by 30 cents per gallon, according to the investment bank.
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