Diesel prices just hit a new record. Would a U.S. export ban bring relief?

TL;DR

Republican lawmakers are calling for a ban on U.S. diesel exports to lower record-high prices.
Average diesel costs reached a record $6.53 a gallon, impacting agriculture, trucking, and construction.
Experts warn an export ban could backfire by worsening global supply issues and increasing prices.
The U.S. exports diesel because domestic refineries produce more than the country consumes.
Global factors like the Iran and Ukraine-Russia wars are causing production and shipping disruptions.
Russia's ban on diesel exports has removed significant supply from the international market.
An export ban could lead refiners to cut output or shift to producing other fuels, potentially raising prices.
Alternative solutions include waiving the Jones Act or temporarily suspending renewable fuel mandates.
Fears of widespread diesel shortages in the U.S. are considered unfounded by experts.

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