Bloomberg Surveillance · Wednesday, September 30, 2026
Francisco Blanch of Bank of America warns that a U.S. diesel export ban could create shortages in import-dependent regions of the U.S. and potentially increase gasoline prices by reducing crude runs. He highlights the need for ample shipping capacity and considers the impact on allies.
“One of the issues with the ban is that you might end up creating shortages in parts of the U.S. that are importing diesel.”
“Number two, you have to be careful about the impact on gasoline markets. because you could trigger a reduction in crude runs in the U.S., which right now are the highest in the world, I may add.”
“But, of course, under a ban, you have less of an incentive to run those refineries. You would likely see some of them going into maintenance. And that might also creep up the price of gasoline.”