In this Motley Fool podcast, the hosts discuss diesel prices, which AAA puts at a record $6.51 per gallon, up 76% from a year earlier. They note trucking firms pass diesel costs to customers through fuel surcharges, so the impact reaches everyday consumers, and jet fuel is also about $200 a barrel, twice its level before the Iran conflict. Analyst Tyler Crowe says Senator Chuck Grassley’s proposal to ban diesel exports could bring a short-term price swing but would likely cause many unintended consequences. The U.S. exports about 5 million barrels per day of refined products and imports about 2 million barrels per day of crude, and the U.S. exports a lot more diesel but is a net importer of gasoline. The transcript cuts off while discussing refinery capacity utilization.
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