Donald Trump Says Diesel Export Ban Could Hurt Gas Prices
Trump said he is still considering a diesel export ban as record prices and Middle East supply disruptions keep pressure on U.S. energy markets.
- On Wednesday, President Donald Trump said he is "thinking about" restricting diesel exports, conceding the move carries risks to gasoline prices.
- The Chamber of Commerce and American Petroleum Institute recently warned that an export ban would reduce fuel production, tightening supplies and raising costs for American families and businesses.
- Energy Secretary Chris Wright stated American refiners are running at record highs, with upcoming European shipments expected to help lower diesel prices without requiring an export ban.
- Separately, the Pentagon is tapping SpaceX CEO Elon Musk and former House Speaker Newt Gingrich to identify future military capabilities, while Google unveiled its new Gemini model.
- Minneapolis Federal Reserve President Neel Kashkari told CNBC that "inflation is still too high," tempering optimism as U.S. futures rose modestly Thursday.
17 Articles
17 Articles
<p>Trump has not yet decided whether to ban the export of diesel fuel Trump is considering limiting diesel exports due to record prices. Advisers warn that this could increase the price of gasoline and other fuels.</p>
President Donald Trump of the United States stated that he had not yet taken a final decision to ban the export of diesel fuel from the country, despite criticism from the oil industry, and that the White House was faced with increasing pressure to lower the record price of diesel fuel in the run-up to the intermediate elections, and the Head of State noted that he was discussing the matter with Energy Minister Chris Wright and Interior Minister…
Donald Trump Says Diesel Export Ban Could Hurt Gas Prices
President Donald Trump warned that restricting diesel exports could raise gasoline prices as the administration weighs ways to lower fuel costs. He said Wednesday that he remains open to the idea despite acknowledging its potential impact on gasoline prices. Donald Trump says he is still considering diesel export restrictions as fuel costs remain elevated Trump […]
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