White House denies report US is considering a diesel export ban
Administration officials said no flat ban is under consideration as U.S. diesel prices topped $6.50 a gallon, according to AAA.
- 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.
204 Articles
204 Articles
A possible US export stop for diesel triggers a debate on Europe's dependency, prices and the energy transition.
The United States finalises a 90-day moratorium on diesel exports despite the divisions it raises in the oil sector and within the government itselfThe OECD expects Spain to grow by 2.6 per cent at the cost of inflation in oil and food prices Brent oil, of reference for Europe, is again quoted on Thursday above $100 per barrel after it is known that the United States is finalizing a plan to ban diesel exports for 90 days despite the divisions th…
Trump Gearing Up for 90-Day Diesel Export Ban – But Energy Secretary Wright Says Idea Would Not Work
US diesel prices have more than doubled from lows about nine months ago as President Trump weighs curbing exports to cool costs at the pump. The White House is preparing a 90-day ban on diesel shipments, reports Politico, in what would be the first US energy-export curb since 2015, when the Obama administration lifted a long-running crude oil export ban. The AAA puts the national average near $6.52 a gallon, up sharply from $3.69 a year earlier …
Goal is to bring down high fuel prices, which are weighing on Republicans as midterm elections approach
Donald Trump's diesel export ban threatens Britain. The Chancellor must respond
Fuel is critical to everyday life, from transport to chemicals, agriculture and defence. But when it comes to fuelling the modern economy, the UK let refineries close in the belief that we could always rely on others elsewhere.Recent conflict in Russia and the Middle East, as well as uncertain global politics more widely, have taught us that can no longer be taken for granted.The UK continues to need fuels. Our latest annual statistics show that…
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