Trump 'Thinking About' Diesel Export Ban, but Says It Could Have 'Negative Impact' on Gasoline
Trump said a ban could lower diesel prices, but aides warned it may lift gasoline costs and force refineries to cut output.
- On Wednesday, President Donald Trump signaled he is cooling on a potential diesel export ban, though he declined to rule it out entirely, noting it could have a "negative impact on gasoline."
- Just three days earlier, Trump said he was "very seriously" considering the move, despite warnings from the American oil industry that it would force refineries to cut production and raise domestic energy prices.
- Energy Secretary Chris Wright, standing next to Trump at the Resolute Desk, acknowledged that diesel supplies are "tight" because of export loss related to conflicts in Russia, the Middle East, and China.
- Wright predicted that diesel prices will move "meaningfully down" in the coming weeks, as announcements from "our friends in Europe" regarding new diesel supplies will soon reach the market.
- Ongoing conflicts in Ukraine and Iran continue to disrupt global energy flows, with Trump repeating his claim that the war against Ukraine remains "really the biggest problem for diesel.
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13 Articles
The Independent
The Independent (US)What is happening with diesel – and should we be worried?
Donald Trump has threatened to ban US diesel exports of diesel – here’s what that could mean
Trump Admits Diesel US Export Ban Could Raise Gasoline Prices
Trump Admits Diesel US Export Ban Could Raise Gasoline Prices Authored by Tsvetana Paraskova via OilPrice.com, A potential ban on U.S. diesel exports could have "a negative impact on gasoline," U.S. President Donald Trump said late on Wednesday, although he didn't rule out such a move from the Administration. The President told reporters in the Oval Office that he and the Administration continue to discuss the pros and cons of a diesel export ba…
President Donald Trump acknowledged that a possible ban on the export of American diesel fuel could lead to undesirable effects on the market, and the White House is looking for alternative ways to lower prices. The US Administration is considering the possibility of abolishing a broad ban on diesel exports due to fear of price escalation for other fuels. Bloomberg. Trump stated that while he was still discussing restrictions on diesel exports, …
Trump Downplays Diesel Export Ban Over Impact on Other Fuels
Oil and gas industry leaders and world leaders are issuing increasingly serious warnings about the consequences after US President Donald Trump threatened to ban diesel exports.
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