New @AAF analysis: A diesel export ban is a bad policy idea! -U.S. diesel prices are driven by global supply and demand. -America is a surplus diesel producer, with 5.3 million b/d in production, exceeding 3.6 million b/d in total demand. -U.S. refining capacity concentrated in the Gulf Coast, other regions, e.g. New England, do not have easy access to domestic supply due to infrastructure and logistics constraints; they have to import some diesel. -A sustained export ban would force refiners to cut production, which means higher prices in gasoline, jet fuel, and diesel. -It would exacerbate the global energy shock, further driving up global diesel prices. Latin America and Europe will be hit especially hard. ✅Rather than an export ban, policymakers should ease winter supply frictions by extending the Jones Act waiver and removing burdensome preclearance rules. Might be of interest to @scottlincicome @JJensen2020 @clark_packard @snlester @cpgrabow @bencahillenergy @gbrew24