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Trump Says Administration Is Weighing Diesel Export Restrictions
- On Tuesday, President Donald Trump backed a potential diesel export ban at the United Nations, while Treasury Secretary Scott Bessent said the administration is examining whether a full or partial ban is feasible in terms of overall refining capacity.
- Record-High diesel prices of $6.5107 per gallon on Monday prompted the proposal, as wars in Ukraine and Iran have sharply cut exports from major producers like Russia, Saudi Arabia, and the United Arab Emirates.
- Former Congresswoman Marjorie Taylor Greene touted the plan as an America First move, saying "All of our home produced gas and diesel should be for Americans and should be cheap!" while Trump connected it to Ukrainian attacks on Russian refining sites.
- GasBuddy analyst Patrick De Haan warned the move could harm long-term refinery investments, cautioning that "refinery expansions" rather than government control would strengthen America and that a ban would cause "refineries would just shift to jet fuel and it'd lead to more market madness."
- Trump told reporters a decision would come "fast one way or another," saying "I think it's going to happen," as oil markets rallied with West Texas Intermediate crude rising 1.41% to $93.67 and Brent crude gaining 1.68% to $102.03 during Monday's overnight session.
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72 Articles
The US is exporting a lot of diesel, and at the same time fuel in the country is expensive as never before. Donald Trump is therefore considering cutting exports, but that could go backwards.
·Hamburg, Germany
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Trump says he supports U.S. diesel export ban; Bessent says studying feasibility (USO:NYSEARCA)
President Trump said he is encouraging his advisors to support a ban on US diesel exports, as the nationwide average of diesel prices continued to rise, reaching a new record high $6.53/gal.
·Ra'anana, Israel
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Zeit Online+3 Reposted by 3 other sources
·Germany
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In the middle of the election campaign, fuel prices in the United States continue to rise significantly, so the US government is examining a measure that should also make Europe listen.
Coverage Details
Total News Sources72
Leaning Left12Leaning Right16Center22Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 24%
C 44%
R 32%
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