US ultra-low-sulfur diesel futures fell 4 per cent after Politico reported that the White House is preparing a plan to ban diesel exports for 90 days, which the Trump Administration denied.
Average US diesel prices are sitting near record highs at $6.52 a gallon, according to AAA, straining the farming, transportation and other industrial sectors that rely on the fuel. Wars in Iran and Ukraine have sharply cut exports from some of the biggest producers such as Russia, Saudi Arabia and the United Arab Emirates.
