The World Can’t Get Enough Of US Diesel As Exports Surge

gCaptain ^ | July 17, 2022 | Chunzi Xu

[FLT-bird]

They will be incentivized to produce as much as possible to satisfy the domestic market and then to export and sell abroad. Since there isn’t a monopoly, I’m not worried about collusion among the oil companies - which would be a crime anyway.

In your hypothetical, obviously the price at which gas sells in the US is not going to be below the cost of production. World prices would likely be higher than US prices given that the US is the largest oil/gas producer in the world while many other countries have to buy all of theirs from foreign sources.

[Alberta's Child]

I still don’t get your point. When it comes to diesel fuel, the U.S. is self-sufficient — and more. That’s why these companies are exporting so much of it.

[central_va]

Keep it here. More supply = lower price domestically.

This was a big mistake:

U.S. Repeals Longstanding Ban on Export of Crude Oil

That being the case, the subject is refined diesel fuel and it is unconstitutional to tariff exports. So there is very little patriots can do about it.

[Texas resident]

Also, our federal taxes pay for fuel used by the federal agencies like the USPS. To keep up with higher prices, they will have to raise taxes on us to keep up with this.