Energy crisis: How expensive will diesel become in Germany? The most important questions and answers
The USA are considering export restrictions on diesel. Europe is likely to be most affected by this. What does this mean for prices at German petrol stations - and could diesel become scarce?
Frankfurt - Diesel prices in the United States have reached a record high of over 6.50 US dollars per gallon, just before the mid-November elections. This has caused concern for US President Donald Trump, who is now considering limitations on diesel exports. However, the move is controversial within the government. Energy Minister Chris Wright warns of the risks of a state-imposed export stop, as refineries would then reduce their processing.
Instead, he attempts to persuade refineries to voluntarily limit their exports, according to information from Bloomberg news agency. In addition, the suspension of taxes on diesel and the lifting of restrictions on selling a dark-colored diesel variant are being discussed within the US government, Bloomberg reports. This variant is typically only allowed for off-pavement use and tax-free.
Nevertheless, export restrictions on diesel are still conceivable. What would this mean for Europe and German consumers at filling stations? The Handelsblatt answers the most important questions on the topic.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
