White House denies report US is considering a diesel export ban
Energy Secretary Chris Wright said a ban would raise gasoline and jet fuel prices, as average U.S. diesel reached $6.52 a gallon, AAA said.
- 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.
185 Articles
185 Articles
Goal is to bring down high fuel prices, which are weighing on Republicans as midterm elections approach
The White House is working on a plan to introduce a 90-day ban on diesel fuel exports in an attempt to lower energy prices against the backdrop of the November US Congress interim elections, writes Policy with reference to sources. "The Trump Administration is preparing a plan for a 90-day ban on diesel exports, despite disagreements within the administration itself and with the oil industry, in an effort to lower the energy prices of Republican…
Economist sounds the alarm as Trump's 'bonkers' threats come home to roost
An economist warned that President Donald Trump is aiming the same weapon the U.S. used against Iran at America's own economy.University of Michigan economist Justin Wolfers, founder of the Platypus Economics newsletter and podcast, sounded the alarm during a Wednesday episode of "The Trump Report" with host Maddie Hale. The pair were discussing Trump's claim that he is open to banning diesel exports as U.S. diesel prices hit record highs.Wolfer…
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