Don't expect diesel prices to decline to a point where pressure dissipates on its own: Rebecca Babin

• National average diesel price reached $6.50 (up from $3.69 last year), with calls for prices to fall to $4.50 to ease economic pressure.
• Harvest season is driving extreme diesel demand, making natural price declines unlikely in the short term.
• A potential full or partial diesel export ban, while politically floated, could lead to higher gasoline prices and exacerbate global fuel shortages by forcing refinery utilization cuts.

The discussion focuses on record-breaking diesel prices, currently at $6.50, and their ripple effect on the economy. Rebecca Babin suggests prices need to fall significantly to around $4.50 for pressure to dissipate, but this is unlikely due to high demand during harvest season. Potential policy interventions like an export ban could lead to higher gasoline prices and severe global supply shortages.