American Fuel & Petrochemical Manufacturers represents the makers of the fuels that keep us moving and the petrochemical building blocks for modern life.
Washington, D.C.
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Experts universally agree: A diesel export ban would backfire.
Less refinery output. Tighter fuel supplies. More pressure on gasoline and diesel prices.
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A diesel export ban may sound like a way to lower fuel costs.
It won’t.
It could actually raise gasoline prices. Here’s why:
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4. Less gasoline means higher prices
Here's where basic supply and demand comes into play: When refiners cut production because they have nowhere to send surplus diesel, they also produce less gasoline, putting upward pressure on gasoline prices.
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92% of U.S. renewable diesel and sustainable aviation fuel operational production capacity is owned by petroleum refiners. AFPM members are helping driving progress in renewable fuels by:
➡️ investing in new capacity
➡️ upgrading facilities
➡️ scaling advanced technologies to meet growing demand
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We’ve previously shared perspectives from experts, analysts, reporters and even some current (and former) administration officials on why a diesel export ban would be a grave mistake.
Here are even more perspectives:
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“A ban on diesel exports won’t bring down pump prices. It will disrupt supply chains and hurt American producers. Diesel is a global commodity, and restricting American exports won’t insulate us from global market dynamics.”
– @ISAACforEnergy, @4AmericanEnergy
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From the @HoustonChron: "...the president has proposed a ban on diesel exports. The Gulf Coast exports roughly 1 million barrels of diesel per day — making us the largest international supplier on the planet. Shutting that down would undermine our oil and gas industry and likely do little to actually help farmers, truckers and other industrial consumers who rely on the fuel."
houstonchronicle.com/opinion…
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The biggest business groups in the U.S. warned President Trump against a diesel export ban this week, saying in a joint letter that such an action would prove counterproductive and raise fuel prices rather than lower them.
Read the full letter here: cnb.cx/4hniirx
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The answer? 2015 under President Obama. But if the Trump administration imposes restrictions on diesel fuel exports, refineries could be forced to slash fuel production and that could lead to the U.S. becoming a net gasoline importer, AGAIN, before the end of the year.
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