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.
317 Articles
317 Articles
Diesel prices could rise further if U.S. proceeds with plans for export ban
The prices of fuel will likely rise further if the U.S. government decides to ban the export of diesel in the coming months. The average diesel price in the European Union hit a record high of 2.23 euros per liter on Thursday. An important part of Dutch diesel comes from the U.S., but due to international trade, U.S. diesel could also enter the country via Norway or Turkey.
US diesel export ban could drive European transport costs higher
The European economy faces a potential logistics crisis as Washington considers restricting diesel exports to lower domestic fuel prices ahead of Congressional elections. A proposed 90-day moratorium on US exports threatens to trigger a surge in transport costs and a new wave of inflation across the EU. Having pivoted away from Russian energy, European nations have increased their reliance on American supplies, effectively replacing one primary …
Trump said he was in favor of it. Such a measure could propel a liter of diesel to 3.9 euros at the pump in France, according to experts. The surge in diesel prices has become a political issue.
A ban on U.S. gas oil exports, as Donald Trump wants, could cause prices in the U.S. to drop briefly... but bring them up at home.
Donald Trump threatens an export stop for diesel – and would shake global markets. For Europe, energy dependence on the US is becoming more and more risky.
EU warns US diesel export ban could hurt both sides
The European Union has criticised a proposal backed by US President Donald Trump to restrict diesel exports, warning that such a move could have adverse consequences for both the United States and Europe. European Commission spokesman Olof Gill said on Thursday that Brussels was concerned about the potential impact of the proposed measure, particularly at […] EU warns US diesel export ban could hurt both sides
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