Trump backs possible US diesel export ban as fuel prices surge
US President Donald Trump has said he would back a ban on diesel producers selling overseas, as fuel prices remain near record highs and governments assess the possible fallout. The proposal comes amid tight global supplies and concern that any restriction on exports from the United States could ripple through transport and food supply chains. Diesel is a key fuel for freight trucks, farm machinery and cargo trains, making it especially sensitive for both consumers and businesses.Average US diesel prices are hovering around $6.45 per gallon, according to the American Automobile Association, with some reports putting the figure above $6.50.... [Continue Reading]
Sponsored
UK diesel prices hit record high amid Middle East war spillover
Diesel prices in the United Kingdom have reached an all-time high of 199.18p per litre, according to the motoring organisation RAC. Petrol prices are also continuing to rise, with a litre now costing 174.13p. The increase comes as the war in the Middle East continues to disrupt oil production and transport across the region.RAC said the latest diesel figure puts prices in "uncharted territory" and is a reminder of how exposed the UK is to events far beyond its borders. The organisation said the conflict has severely disrupted the production and transportation of wholesale oil over the past seven months.... [Continue Reading]

