Trump backs diesel export ban as fuel prices surge

President Trump announced support for restricting U.S. diesel exports on September 22 at the UN General Assembly, citing record domestic prices (averaging $6.51 per gallon as of September 23). The administration is analyzing the policy's impact, though oil industry and business groups warn a ban would provide only temporary relief before prices rise again.

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President Trump backs diesel export ban as prices hit records

kite:energyother6d ago kagi ↗

President Trump said Tuesday he supports halting U.S. diesel exports as the national average price reached a record $6.5107 a gallon. Treasury Secretary Scott Bessent said the administration is assessing whether full or partial restrictions are feasible. Trump made the comments in New York before meeting Ukrainian President Volodymyr Zelenskiy, as Republican lawmakers urged action before the Nov.

Trump backs diesel export limits as prices hit records

kite:businessother6d ago kagi ↗

President Trump said Sept. 22 at the U.N. General Assembly in New York that he supports restricting U.S. diesel exports to lower domestic fuel costs. The administration is examining whether a full or partial restriction is feasible, while farm-state Republicans have pressed for action before the Nov. 3 midterm elections. The national average for diesel reached a record $6.52 a gallon on Wednesday

Trump weighs 90-day diesel export ban as US fuel prices hit record high: Report

rss:toi-topinternational6d ago kagi ↗

The Trump administration is contemplating a 90-day ban on US diesel exports to combat rising energy prices. This initiative comes as diesel prices have surged significantly amid international conflicts and supply disruptions. While some officials oppose the ban, others argue it could create long-term economic consequences. The discussions have intensified due to pressure from Republican lawmakers

Why Trump's proposed diesel export ban could raise gas prices

stream:bsky-jetstreamother6d ago kagi ↗

Check out this article from USA TODAY: Why Trump's proposed diesel export ban could raise gas prices www.usatoday.com/story/cars/s... President Donald Trump is pushing for a diesel export ban as prices reach record highs, but some observers worry that could actually cause a price spike.

🚨Trump Export Ban INSTANTLY BACKFIRES…

stream:bsky-jetstreamother6d ago kagi ↗

🚨Trump Export Ban INSTANTLY BACKFIRES… Ben Meiselas breaks down Trump’s proposed 90-day diesel export ban and the warnings about how it could drive up fuel costs. Ben explains the potential impact on diesel supplies, gasoline prices, and consumers. youtu.be/Spw1ZXa0LqM?... YouTube video by MeidasTouch

API's Sommers: Diesel Export Ban Could Raise Gas Prices

rss:bloomberg-politicsus_mainstream6d ago kagi ↗

American Petroleum Institute President and CEO Mike Sommers warns that restricting US diesel exports could force refiners to cut production, potentially lowering diesel prices temporarily while driving up the cost of gasoline and jet fuel. Responding to criticism from Republican Congressman Tim Burchett of Tennessee that oil companies are taking advantage of consumers, Sommers says refiners operat

Would a diesel export ban actually bring down prices?

rss:thehillus_mainstream6d ago kagi ↗

Experts are skeptical that a diesel export ban would meaningfully reduce fuel prices in the U.S. as the Trump administration sends mixed signals about if it is considering such a move. Analysts interviewed by The Hill said that an outright ban could provide some short-term relief in certain parts of the country, but that in...

A Diesel Export Ban Won’t Solve High Fuel Prices - AAF

stream:bsky-jetstreamother5d ago kagi ↗

A Diesel Export Ban Won’t Solve High Fuel Prices www.americanactionforum.org/insight/a-di... Why a diesel ban on exports would backfire: AAF explains how trapping U.S. supply would cut refinery output and push fuel prices even higher.

Would a diesel export ban work to lower prices?

rss:cbsnewsus_mainstream5d ago kagi ↗

Oil prices continue to rise as a result of the war with Iran. The average cost of regular gas is now $4.48, and diesel is $6.53, according to AAA. Yahoo Finance reporter Brooke DiPalma has more on whether a diesel export ban would be effective in curbing gas prices.