ARLINGTON, Texas, Oct. 6 -- The University of Texas at Arlington issued the following news release:
As oil prices climb amid disruptions in global energy markets, some U.S. lawmakers are calling for a ban on the U.S. export of diesel fuel.
But would that actually translate to lower prices? And how would it affect the North Texas region?
Bill Crowder, professor and chair of The University of Texas at Arlington College of Business Economics Department, said a proposed ban on U.S. diesel exports could lower prices for domestic consumers by keeping more fuel in the country. However, he said the impact would likely be limited.
"In terms of how much it's going to bring down the price of diesel, the fact is, yes, the users of the diesel will b...