Brouillette Says Diesel Export Ban Would Be a Bad Idea

• High diesel prices are influenced by geopolitical issues (Strait of Hormuz) and domestic refining bottlenecks (98% utilization).
• Releasing fuel reserves (EU and US) could offer near-term relief, but a permanent solution requires opening the Strait of Hormuz.
• A US diesel export ban is a 'bad idea' as it would disrupt the refining process, potentially leading to reduced gasoline production and higher prices.
• Long-term solutions include building more refineries and pipelines, which necessitates significant permitting and judicial reform.

Dan Brouillette, former US Energy Secretary, discusses the ongoing diesel crisis, attributing high prices to geopolitical tensions in the Strait of Hormuz and refining bottlenecks. He suggests releasing fuel reserves and emphasizes the need for long-term infrastructure and permitting reform, while strongly advising against a US diesel export ban due to potential negative impacts on gasoline prices.