White House denies report US is considering a diesel export ban
The White House said no decision has been made, while Energy Secretary Chris Wright warned the move could lift gasoline and jet fuel prices.
- On Wednesday, the White House clarified that a flat diesel export ban is not under consideration, contradicting earlier signals from President Donald Trump and Treasury Secretary Scott Bessent that raised alarms in Mexico.
- Record diesel prices averaging $6.52 per gallon prompted Republican leaders, including Louisiana Governor Jeff Landry and Senator Chuck Grassley, to demand export restrictions to protect farmers and truckers from surging costs.
- Energy Secretary Chris Wright and oil industry groups warned that restricting exports would force refineries to cut production, potentially raising gasoline and jet fuel prices while failing to lower diesel costs.
- Governor Landry issued an executive order Wednesday allowing farmers and timber harvesters to use tax-exempt dyed diesel in highway vehicles through October 22 to mitigate record-high fuel costs.
- Fuel costs remain a significant political liability for Republicans ahead of the November 3 midterm elections, as analysts warn that export bans could exacerbate global supply chain disruptions, particularly impacting Mexico.
256 Articles
256 Articles
The European Commission says that "high-level contacts between the EU and the US administration are under way" on this subject, while prices are reaching record levels on both sides of the Atlantic.
Donald Trump plans to ban U.S. diesel exports to counter price increases. According to the European Commission, a very bad idea is highly dependent on the U.S. market. ...
"We expect close partners to consult each other before adopting measures that could affect markets they share," said a spokesperson for the European Commission on Thursday.
‘Makes very little economic sense’: Ex-Trump energy secretary warns Trump against diesel export ban
By Matt Egan, CNN New York (CNN) — President Donald Trump says he wants to ban America’s diesel exports, but his former energy secretary tells CNN this is a “bad idea” that will backfire.“It’s one of those ideas that sounds good on the surface, but when you dig into it, it makes very little economic
The Times of Northwest Indiana
White House denies it's considering export ban
WASHINGTON — A White House official on Wednesday denied a Politico report that said the U.S. is preparing a 90-day ban of diesel exports in an attempt to control prices for fuel widely used by farms, trains and trucks.
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