White House denies report US is considering a diesel export ban
- 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.
392 Articles
392 Articles
Europe stands up against exploding fuel prices with billions of aid – but Trump's threatening diesel export ban threatens the supply.
The threat of blocking disturbing exports Brussels. Commissioner Jorgensen: "Next winter could be the worst since 2022"
Given the high prices and the impossibility of buying hydrocarbons from Russia due to its sanctions, the European Union pleads with Washington not to limit exports to the Old Continent
Does Trump continue to fuel the energy price crisis in Europe? Brussels is defending itself against the planned export stop of diesel from the USA
The European Union is concerned about US plans to ban oil exports, which would have negative effects on both sides of the Atlantic, European Commission spokesman Olof Gill told reporters on Thursday, adding that Brussels is in contact with Washington.
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