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Reason
Reason
Eric Boehm

No, Banning Diesel Exports Won't Lower Gas Prices

It is one of those bad ideas that seem compelling at first: If you're running low on an essential item, why sell what little you have?

And few items are more essential to a modern economy than diesel fuel. It powers trucks, trains, and boats, all of which are vital to moving goods from place to place. As diesel gets more expensive—it has never been more expensive than it is right now, in nominal terms—everything that must travel via truck, train, or boat gets more expensive too. This is no fun for anyone.

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