Energy crisis: How expensive will diesel become in Germany?
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?
The price of diesel in the United States has reached a record-high of over $6.50 per gallon, just before the midterm elections in November. This has reportedly caused anxiety for US President Donald Trump, who is now considering the possibility of restrictions on diesel exports. However, his plan is met with controversy within the government.
Energy Minister Chris Wright warns of the risks of a state-imposed export halt, as refineries would then reduce their processing. Instead, he is reportedly attempting to persuade refineries to voluntarily limit their exports. Additionally, discussions within the US government include the suspension of taxes on diesel and the lifting of restrictions on the sale of a dark-colored diesel variant, typically only allowed for off-road use and tax-free.
Despite these potential measures, further export restrictions on diesel are still conceivable. The impact of these developments on Europe and consumers at German gas stations remains uncertain. The Handelsblatt answers the most important questions regarding this issue.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Energy crisis: How expensive will diesel become in Germany? handelsblatt.com
