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Morgan Stanley Warns Diesel Ban May Boost Gas Prices
Analyses by Morgan Stanley indicate that the ban issued by the administration of U.S. President Donald Trump on diesel exports could lead to higher gasoline prices in the United States, due to reduced refinery operating rates and filled local inventories, which forces these refineries to cut back on production. The analysts expect this ban to decrease refinery output by two million barrels per day, with a reduction of around 650,000 barrels even if refineries attempt to increase gasoline production. Additionally, experts anticipate that this will result in lower diesel prices in the U.S. market while causing prices to rise in foreign markets. Markets are preparing for more volatility, especially in Europe, which will be significantly affected.
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