Trump backs diesel export ban; Bessent says admin ‘examining that’
White House officials are weighing a 90-day pause that could increase domestic diesel supply as prices hit a record $6.53 a gallon, analysts said.
- On Saturday, Senator Chuck Grassley urged President Donald Trump to embargo diesel exports, citing record prices reaching $6.51 per gallon on Monday that are straining farmers in his agricultural state.
- Diesel prices have surged 83% so far this year, hitting record highs amid the Trump administration's war against Iran, which has disrupted Middle Eastern energy supplies and compounded inflationary pressure on fuel costs.
- Interior Secretary Doug Burgum told CNBC he is "not at all confident" an export ban would lower prices, while American Petroleum Institute CEO Mike Sommers warned the proposal would "make the problem worse, not better" for consumers.
- The White House confirmed on Monday it is not considering an export ban, though Senate Republicans remain divided on the proposal, with some calling it a "gimmick" that ignores market complexities.
- Energy analysts warn that trapping diesel in the Midwest could cause sharp price spikes on the East and West Coasts, where regions depend on imports; Garrett Golding of the Federal Reserve Bank of Dallas cautioned steep declines in Texas would be "offset by spikes in New York.
462 Articles
462 Articles
Trump’s threat to ban diesel exports sets off global alarms | Honolulu Star-Advertiser
LONDON >> The Iran war has sent diesel prices soaring around the world, straining national budgets, adding costs to businesses and snarling supply chains from farms to ports.
White House weighs diesel export limit to combat rising domestic prices
The White House is weighing a 90-day limit on diesel exports to curb rising domestic prices. Administration officials state that no formal ban has been enacted and no documents have been signed. According to the Energy Information Administration (EIA), average diesel prices reached $6.382 per gallon for the week ending September 28, 2026, an increase of $2.61 over the previous year. Regional pricing varies significantly: the West Coast is the mo…
Diesel Drivers Paying Price For Govt Neglect
by Eric Worrall, Watts Up With That: Alarm bells have been ringing about the prospect of President Trump banning the export of US diesel supplies, in an attempt to lower prices in the US domestic market. We rely on the US for about a fifth of our diesel. There is even talk of prices reaching […]
When fuel costs rise, so do the prices of everything else. Each week seems to bring a new record high for diesel prices, and more trouble for truck drivers in the United States. Since January, the price of diesel has jumped more than 80% to $6.53 a gallon. The vast majority of the produce we buy is transported by large diesel trucks. Farmers also rely heavily on diesel to power their machinery, meaning the cost of diesel is factored into the fin…
Trump’s diesel export threat risks turning a global fuel crisis into an energy war
The diesel market is already under extraordinary pressure. Refinery disruptions in Russia, the continuing conflict around Iran, constrained shipping through the Strait of Hormuz and depleted inventories have transformed what was once a relatively manageable energy problem into a global economic vulnerability. Now Washington is considering adding another shock of its own. President Donald Trump said on September 27 that his administration is “ver…
Trump holds emergency meeting as panic engulfs GOP ahead of midterms and his plan could backfire
President Donald Trump is scrambling for a way to contain a fuel-price crisis that is quickly becoming a political headache for Republicans — and now he’s weighing an extraordinary move that could reshape the energy market while potentially making the crisis even worse just weeks before the midterms. Trump has held emergency discussions with advisers […]
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